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2 years ago

Which statement is not true about the minimum wage?

Business

2 answers:

Veseljchak [2.6K]2 years ago

6 0

Answer:

The correct answer is the Owners are not required to pay it to foreign workers.

Explanation:

The employers or owners must pay it's workers irrespective of it's nationality.

A minimum wage is the lowest salary that employers can pay legally to their workers. It is the price floor below which workers may give out their labor.

Towards the end of the 20th century, most countries had introduced minimum wage legislation.

Demand and supply models proposed that there may be employment losses and welfare from minimum wages. however, if the labor market is in a bad state(with only one employer present for hiring), the efficiency of the market can be increased by minimum wage.

mamaluj [8]2 years ago

4 0

Answer:

Owners are not required to pay it to foreign workers.

Explanation:

Owners must pay it to any worker regardless of its nationality.

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On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE

Alja [10]

Answer:

True

Explanation:

The correct answer is - True

Reason -

Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.

The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.

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2 years ago

What is the present value of a $400 perpetuity if the interest rate is 7%? If interest rates doubled to 14%, what would its pres

s2008m [1.1K]

Answer:

present value = $57.14.28

present value = $2857.13

Explanation:

given data

perpetuity value = $400

interest rate = 7% = 0.07

interest rate = 14% = 0.14

to find out

What is the present value

solution

we get her present value that is express as

present value = $\frac{perpetuity}{rate}$ ............1

put here value for rate 7% and 14%

present value = $\frac{400}{0.07}$

present value = $57.14.28

and

present value = $\frac{400}{0.14}$

present value = $2857.13

8 0

3 years ago

List and explain the classification of materials handling equipments

maw [93]

Answer:

the different types of handling equipment can be classified into four major categories transport a comment position a common unit learn formation equipment and storage equipment

7 0

2 years ago

To find the price, a monopolist looks at the price _____ at the chosen quantity. supplied demanded in equilibrium

Scilla [17]

To find the price, a monopolist looks at the price demanded at the chosen quantity.Monopolist tend already obtained a complete control on a certain type of product in the market. Because of this, in order to seek a price for their product, they just need to see how much customers are able to pay without considering other factors such as competitors and cash reserves

6 0

3 years ago

Read 2 more answers

Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated

Alex_Xolod [135]

Answer:

Machine setup= $60 per setup

Machining= $15 per machine hour

Inspections= $50 per inspection

Explanation:

Giving the following information:

Estimated overhead costs:

Machine setup= 150,000

Machining= 375,000

Inspections= 87,500

The cost driver for each activity and the expected annual usage are number of setups 2,500, machine hours 25,000, and number of inspections 1,750.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setup= 150,000/2,500= $60 per setup

Machining= 375,000/25,000= $15 per machine hour

Inspections= 87,500/1,750= $50 per inspection

7 0

2 years ago