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3 years ago

Which statement is not true about the minimum wage?

Business

2 answers:

Veseljchak [2.6K]3 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]3 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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Margaret, a vegetarian, is looking for a mushroom with a meaty texture to grill and eat instead of a hamburger. Which of the fo

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C. Portobello, is a good example of a mushroom with a meat like texture.

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4 years ago

Read 2 more answers

You have an opportunity to invest in Australia at an interest rate of 8%. Moreover, you expect the Australian dollar (A$) to app

earnstyle [38]

Answer:

10.16%

Explanation:

The computation of the effective return for this investment is shown below:

Let us assume that we invested an amount in Australian dollars 100

The return is 8%

After one year, the amount is 108

Now the converting amount is 110.16 (108 × 102%)

Now the effective rate for this investment is

= 110.16 - 100

= 10.16%

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4 years ago

The executives of well-established airlines are notless smart than those at JetBlue, and yet, theirlarger airlines have not done

MaRussiya [10]

Answer:

JetBlue was able to invest in new technology Airlines which has helped to boost its efficiency and overall performance,but the older have to do away with their old styles ''legacies''

Explanation: Advancement in technology has actually helped organisations especially the new entrants to perform exceeding better than the older once, like the case of JetBlue, it is a ''Late mover'' which means it entered the market later making it and started to spend on modern technology Airlines which has helped to boost its overall outputs. It also does not have any issues on the immediate which must have affected the older Airlines.

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3 years ago

A creamery shop sells its special ice cream for $4.50 a quart. It costs them $3.00 a quart to make it. The daily demand for this

jenyasd209 [6]

Answer and Explanation:

The computation of the service level and the corresponding optimal stocking level is shown below:

Given that

Selling price = SP = $4.50

Cost price = CP = $3.00

So,

Salvage value = V = $1.50

Average daily demand (d) = 35 quarts

The standard deviation of daily demand = 4 quarts

based on the above information

Overage cost = (Co) is

= CP - V

= $3.00 - $1.50

= $1.50

Now

Underage cost= (Cu)

= SP - CP

= $4.50 - $3.00

= $1.50

So,

Service level is

= Cu ÷ (Co + Cu)

= 1.50 ÷ (1.50 + 1.50)

= 1.50 ÷ 3.00

= 0.50

= 50%

Now

At 50 % service level, the value of Z is 0

So,

Optimal stocking level is

= d + Z × standard deviation

= 35 + (0 × 4)

= 35 + 0

= 35 quarts

7 0

3 years ago

Capri Company began the current period with a $20,000 credit balance in the K. Capri, Capital account. At the end of the period,

Triss [41]

Answer:

1. $26,400

2. $34,400

Explanation:

The closing entry for the following accounts are shown below:

1. Service fees earned A/c Dr $70,000

Interest revenue A/c Dr $7,000

To Income Summary $ 77,000

(Being revenue account closed)

2. Income summary A/c Dr $50,600

To Depreciation Expense $8,000

To Salaries Expense $38,000

To Utilities Expense $4,600

(Being expenses accounts are closed)

3. Income summary A/c Dr $26,400 ($77,000 - $50,600)

To K. Capri, Capital A/c $26,400

(Being the difference is credited to the capital account)

4. K.Capri capital $12,000

K.Capri withdrawals $12,000

(Being K.Capri withdrawals account is recorded)

Now the balance in the income summary is shown above i.e $26,400

And, the balance of the K. Capri, Capital account would be

= Credit balance + net income - withdrawals

= $20,000 + $26,400 - $12,000

= $34,400

5 0

3 years ago