1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sav [38]
3 years ago
10

Which statement is not true about the minimum wage?

Business
2 answers:
Veseljchak [2.6K]3 years ago
6 0

Answer:

<em>The correct answer is the Owners are not required to pay it to foreign workers.</em>

Explanation:

<em>The employers or owners must pay it's workers irrespective of it's nationality.</em>

<em>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.</em>

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

<em>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.</em>

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.

You might be interested in
The following transactions occurred during a recent year:
Natasha_Volkova [10]

The Company's preliminary Net Income can be determined as $575.

Preliminary net income = Total Revenue - Total Expenses

= $575 ($4,230 - $3,655)

Revenue:

d. Sales Revenue      $680

f. Service Revenue $2,870

i. Service Revenue    $680

Total Revenue      $4,230

Expenses:

a. Wages Expense       $1,700

e. Utilities Expense     $1,360

h. Travel Expense           $115

k. Advertising Expense $480

Total Expenses         $3,655

Thus, the company generated a preliminary net income of $575 for the period.

Learn more about determining net income at brainly.com/question/19850768

6 0
2 years ago
The analysis of the behavior of individual decision-making units is the definition of
Sphinxa [80]

Answer : A) Microeconomics

7 0
3 years ago
Read 2 more answers
Swifty Corporation sells its product for $5600 per unit. Variable costs per unit are: manufacturing, $2800, and selling and admi
galben [10]

Answer:

Am nevoie de Puncte

Explanation:

6 0
3 years ago
At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $11,000, while the company’s total assets equal $1,410,000.
erastovalidia [21]

Answer:Worthy journal $

Date

March 14, 2022

Bad debt Dr 2600

Receivable Cr 2600

Narration. Record of receivables written off to income account on account becoming unrecoverable.

Explanation:

The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.

In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.

6 0
3 years ago
Karen and Anika, the owners of a new personal assistant firm called Assist You 2, are interested in offering their services in a
maks197457 [2]

The first thing Karen and Anika should do is to understand the position of competitors by using the positioning process.

<h3>What is positioning?</h3>

The process of positioning refers to the establishment of a business and its products in the market by creating awareness about it. This product positioning helps to create an image of the products among customers.

This product positioning helps the consumers to compare the product with competitors and identify the product with brand value. It also helps to recognize our products with similar products available in the market.

Therefore, Karen and Anika need to understand the position of their competitors if they wanted to provide their services in a market that has already startups and firms.

This helps them to settle the unique value of their products among customers after recognizing the value of competitors' products.

Learn more about positioning, here:

brainly.com/question/14774463

#SPJ1

4 0
2 years ago
Other questions:
  • Mm mjhuuuuuuuuuuuuuuuuuuuuuh
    9·2 answers
  • "_____ are groups of concerned citizens who band together to try to influence the business practices of specific industries, bus
    9·1 answer
  • An economic system in which the interaction of supply and demand determines the quantity in which goods and services are produce
    7·1 answer
  • An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company has 8,200
    5·1 answer
  • one feature of a corporation is that it can continue indefinitely beyond the lives of individual managers and stockholders of th
    7·1 answer
  • A change in supply is illustrated by a movement along an existing supply curve
    11·2 answers
  • During February, $75,150 was paid to creditors on account, and purchases on account were $96,190. Assuming the February 28 balan
    7·1 answer
  • Latasha is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence:
    14·1 answer
  • Knowing what of the product life cycle a product is in helps marketers make intelligent and efficient marketing decisions?
    15·1 answer
  • A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!