Answer:
a. Lower b. Decrease c. Surplus
Explanation:
The equilibrium wage rate is $15.
The minimum wage is fixed at $16.
a. The equilibrium wage is lower than minimum wage.
b. The higher minimum wage will lead to reduction in the number of teachers employed as the cost of hiring goes up.
c. There will be a surplus in the number of teachers, as with increased wages, the supply of teachers will be higher than demand.
Answer:
Under FIFO the ending inventory will be $110
Explanation:
The FIFO or the first in first out method of inventory valuation assumes that the units that are purchased or bought in first are the ones to be sold first and the ending inventory will include inventory purchased recently.
The sale made on March 11 will include:
20 units at $2 from March 1 = $40
5 units at $3 from March 7 = $15
Thus the ending inventory will be formed by:
(15-5) units at $3 from March 7 = $30
20 units at $4 from March 12 = $80
Total value of ending inventory = 30+80 = $110
Answer:
Option A. Adrian and Fran will have limited liability, meaning they might lose their investments in Best Techs but will not lose their personal assets.
Explanation:
The reason is that the organization which is a limited company is responsible for the employee's negligence and as a result the compensation for the negligence would be paid by the company then the Adrian and Fran's investment in that company is affected by the compensation that the company would pay, not their personal assets. The shareholders are not liable for the negligence of the employee but the company is. Hence the maximum loss to the shareholders Adrian and Fran would be the investment in the company and assets other than this investment will have no impact of this compensation.
So the option A is the correct option.
I'm pretty sure the answer would be choice A
