There are a lot of factors to consider in increasing minimum wage.
In the pro side, minimum wage workers will be happy if their wage is increased because their take home pay will be higher.
However, if this increase will be implemented, a lot of business owners, especially small businesses, will be forced to relieve some workers of their position as well as be discouraged to hire more workers. This is because the salary for new hires will be used for the increase. Increasing minimum wage will also result to the increase of the wages of the existing workers, to ensure that they are equally treated.
Answer: Retained Earnings
Explanation
The profit for the year less the dividends paid, is finally adjusted in the balance sheet under the name Retained earnings. This means that the retained profits increases the equity by the amount retained.
Making a decision by listing pros and cons.
The activity associated with accounting is Summarizing and interpreting company financial information.
<h3>What is accounting?</h3>
The process of logging and compiling financial and economic transactions, then examining, confirming, and reporting the findings is called accounting.
Accounting is significant because it preserves a systematic record of the financial data for the company. Users can compare current financial information to past data by using records that are up to date.
Administration accounting and financial accounting are two important branches of accounting that help in different sectors.
Learn more about accounting, here:
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Answer:
Nike is the US Sportswear company, produces all of its footwear in foreign countries (mainly in China, Vietnam, and Indonesia). These countries are developing and labor is cheap there. In this way, the production is cheaper and maintain the price of their product competitive. This way, Nike follows and maintains a specific pricing strategy. Nike also follows a Cost Leadership generic business strategy to sustain a competitive advantage based on cost.
Nike also follows a competitive strategy of 'Product Differentiation', 'Focus on market Niche' and 'Strengthen customer and supplier intimacy' to improve its stand against its competitors. There is huge scope for varied market needs based on games played in different countries across the globe. Thus, there is a huge demand for Nike products outside of their national boundaries.
