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Vladimir [108]
3 years ago
5

Workers and firms often enter into contracts that fix prices or wages, sometimes for years at a time. If the price level turns o

ut to be higher or lower than was expected when the contract was signed, one party to the contract will lose out. Briefly explain why, despite knowing this, workers and firms still sign long-term contracts.
Business
1 answer:
GalinKa [24]3 years ago
3 0

Answer: Contract are mostly prevalent in the Union jobs which are the jobs in which employees are represented by an organizations which act as an intermediary between the employees and their employers.

This is done in order to ensure that employees are protected from future inevitable inflation that may come unexpectedly as it usually does.

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Two ships leave port at the same time, Ship X is heading due north and Ship Y is heading due east. Thirteen hours later they are
Serjik [45]
Answer: B


Explanation:

5 0
3 years ago
Read 2 more answers
The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Corporation are as follows:
lilavasa [31]

Answer: N&B Equipment Company:

Current ratio = 1.33

Quick ratio = 0.746

Jing Foodstuffs Corporation:

Current ratio = 1.65

Quick ratio = 0.928

Explanation:

For N&B Equipment Company:

Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}

Current\ Ratio=\frac{900}{675}

                             = 1.33

Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}

Quick ratio=\frac{900 - 396}{675}

                        = 0.746

For Jing Foodstuffs Corporation:

Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}

Current\ Ratio=\frac{1,400}{844}

                             = 1.65

Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}

Quick ratio=\frac{1,400 - 616}{844}

                        = 0.928

8 0
3 years ago
Elise Corporation has the following sales mix for its three products: A, 20%; B, 35%; and C, 45%. Fixed costs total $400,000 and
Aneli [31]

Answer:

800 units of product A must be sold for break-even

Explanation:

Given, weighted-average contribution is $100.

Total break-even units = Total fixed cost  / Weighted-average contribution

Total break-even units = $400,000  / $100

Total break-even units = 4,000 units

Product A break-even = 4,000 x 20%

Product A break-even = (800 units)

Hence, the correct answer is 800 units.

6 0
3 years ago
Thyme, Inc. owns 16,000 of Sage Co.'s 20,000 outstanding common shares. The carrying value of Sage's equity is $500,000. Sage su
DedPeter [7]

Answer:

The total non controlling interest after the additional shares are issued is equal to $252,000.

Explanation:

Before the issue Sage co's had 20,000 shares with total equity value of $500,000. After the issue of 5000 shares worth $200,000, the total number of shares and equity would be -

Total number of shares = 25,000 ( 20,0000 + 5000 )

Total equity value          = $700,000

Now Thyme inc owns 16,000 number of shares , which means that minority holds 9000 number of shares . Now the price per share would be =

       TOTAL EQUITY / NUMBER OF SHARES

         $700,000 / 25,000

=        $28

NON CONTROLLING INTEREST = Minority shares x Price per shares

                                                      = 9000 x $28

                                                      = $252,000

8 0
3 years ago
Are perfectly competitive markets allocatively allocatively efficient in the long​ run?
antiseptic1488 [7]
Yes, because firms produce where the marginal benefit to consumers equals the marginal cost of production.
7 0
3 years ago
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