Answer:
Wages would fall due to an increase in labor costs.
When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.
This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.
Answer: true
Explanation:
Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual in the best way while minimizing waste and inefficiency.
Answer:
in order to have finance from the bank for short term and long term.
Explanation:
when co. apply for the credit from the bank, the bank always check the credit history of the bank to issue loan to co.
The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one inventory to the next is true.
<h3>What is an Inventory Account?</h3>
Inventory accounting is part of accounting that involves modifications in values and accounts or price of inventoried assests.
A company's inventory nvolves goods are grouped into three stages of production which are raw goods, in-progress goods, and finished goods that are ready for sale.
Therefore, The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one inventory to the next is true because gross profit will be lower, income tax will be lower and the cost of goods will increase.
Learn more on inventory account from the link below.
brainly.com/question/8192827
Answer:
$775
Explanation:
In inventory valuation , inventory are valued at the lower of cost to replace an item of inventory and the net realizable value.
The net realizable value is the proceed earned from the disposal of an inventory less the cost related to the disposal.
In the scenario described in the question , The replacement cost for product 66 is $775 while the net realizable value is $800. Therefore , the final inventory valuation will be the lower of $775 and $800 which is $775
