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iogann1982 [59]
3 years ago
14

An increase in the minimum wage would question 2 options: 1) increase both the quantity demanded and the quantity supplied of la

bor 2) decrease the quantity of labor demanded while increasing the quantity supplied 3) decrease both the quantity demanded and the quantity supplied of labor 4) increase the quantity of labor demanded while decreasing the quantity supplied save
Business
1 answer:
vodomira [7]3 years ago
4 0
I believe it is 4. hope it helps
You might be interested in
ShipIt Corporation reported the following rounded amounts (in millions): 2016 2015 Accounts Receivable $ 5,535 $ 5,240 Allowance
Amanda [17]

Answer:

a. 8.65 times

b. 42 days

Explanation:

The computation of Receivables turnover ratio and days to collect is shown below:-

a. Receivables turnover ratio = Net sales ÷ Average receivables

= $43,500 ÷ ($5,180 + $4,880) ÷ 2

= $43,500 ÷ ($10,060 ÷ 2)

= $43,500 ÷ $5,030

= 8.65 times

b. Days to collect = 365 ÷ Receivables turnover ratio

= 365 ÷ 8.65 times

= 42 days

6 0
3 years ago
Consider a firm with a contract to sell an asset for $154,000 five years from now. The asset costs $90,000 to produce today. Giv
horsena [70]

Answer:

the firm will have a loss of 6.414,97‬

Break-even rate = 11.34%

Explanation:

We calcualte the present value of a lump sum to know the present sale value:

\frac{Nominal}{(1 + rate)^{time} } = PV  

Nominal:  154,000

time               5 years

rate               0.13

\frac{154000}{(1 + 0.13)^{5} } = PV  

PV   83,585.03

the current sale price        83,585.03

given a cost of               <u>   (90,000)      </u>

the firm will have a loss of 6.414,97‬

To break event the present value should be 90,000:

\frac{154000}{(1 + r)^{5} } = 90,000

\sqrt{5}{\frac{154000}{90,000}} -= (1 + r)  

rate = 0.113411345 = 11.34%

6 0
4 years ago
An 85-year old retired client has living expenses of $15,000 per year. His portfolio is currently allocated: 50% Money Market Fu
Slav-nsk [51]

Answer:

Explanation:

The best recommendation in this scenario would be to liquidate half of the money market fund and invest it in 5 year corporate debentures yielding 2.70%. This is because traditionally money market funds, although highly liquid, only offer an average of 1% return on investment for the capital invested. Investing instead in a corporate debentures yielding would net the individual more than double in ROI and hopefully cover all of the living expenses.

3 0
3 years ago
The Melville Corporation produces a single product called a Pong. Melville has the capacity to produce 60,000 Pongs each year. I
docker41 [41]

Answer:

Financial advantage $159,000

Explanation:

unit variable cost = 15 + 12 + 8 + (25%×8) = $37

Note the selling variable cost is now 25% of the initial cost before the special order because of the 75% savings

The fixed cost were not considered in the analysis because they are not relevant. They would be incurred either way, whether the order is accepted or not

Financial advantage of the special order

                                                                                                 $

Sales revenue from special order = (6,000× $65) =     390,000

Variable cost ( 6000×  $37 )                                  =       (222,000 )

Cost of special machine                                                 <u>( 9,000)</u>

Financial advantage                                                        <u> 159,000</u>

                                         

3 0
4 years ago
Janice, age 22, is a student who, in 2017, earns $10,000 working part-time at the college ice cream shop. she has no other incom
eimsori [14]
She owes 1000 dollars left
5 0
3 years ago
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