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Leona [35]
3 years ago
5

If the minimum wage increased in the city limits of Louisville, but did not increase across the river in Indiana, what effect mi

ght that have in both markets? What effect will this have for individuals who live in Louisville? For those who live in Indiana?
Business
1 answer:
8_murik_8 [283]3 years ago
7 0

Answer:

PART A

(1) Increase in demand for employment in Louisville than in Indiana.

(2) Migration of workers from Indiana to Louisville.

(3) A higher standard of living in Louisville than in Indiana.

(4) High cost of doing business in Louisville than in Indiana.

PART B

(1) increase in population of workers in Louisville.

(2) Increase in inflation in Louisville

(3) High standard of living in Louisville.

PART C

(1) Migration of the workforce from Indiana

(2) Reduced population of workers in Indiana.

Explanation: Minimum wage is an Economic term used to describe the lowest amount of money below which no worker who is employed within an economy should be paid.This term is usually concerned with those employed in the formal sectors of the economy in both the Private and public sectors, it is usually legally approved.

THE HIGHER THE MINIMUM WAGE IN AN ECONOMY THE HIGHER THE RATE OF MIGRATION FROM OTHER ECONOMIES INTO THE ECONOMY.

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Mandarinka [93]

The planning of this project must have several stages, in general they can be classified as planning, execution and review.

<h3>What is planning?</h3>

Planning is a term that refers to the decision-making process to achieve a specific objective taking into account the current situation and the internal and external factors that may influence the achievement of the objectives.

According to the above, planning would be the first process because in this we are going to draw a route of action in which we are going to specify all the tasks prior to the realization of the web page. This stage includes activities such as:

  • Interview with clients.
  • Photos of services and products.
  • Information gathering.
  • Establishment of dates and objectives.

In the execution stage, the creators of the page begin to work on the design and publication of the page, including all the information previously collected.

In the review stage, the entire team reviews whether the objectives set are being achieved and the necessary corrections are made.

Learn more about planning in: brainly.com/question/1933524

4 0
2 years ago
In budgeting direct labor hours for the coming year, it is important to a.multiply production in units by the labor wage rate. b
sammy [17]

Answer:

b.multiply production in units by the direct labor hours per unit

Explanation:

In order to calculate the budgeted direct labor hours we simply multiplied the units production with the direct labor per unit

In mathematically,

Budgeted direct labor hours = Production in units × direct labor hours per unit

By considering the units production and direct labor hours per unit we can get the budgeted direct labor hours which are to be considered as a estimated direct labor hours  

7 0
3 years ago
Mandesa, Inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collecti
Brut [27]

Answer:

The answer is: Cash and marketable securities $5,406,393

Explanation:

We have:

+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;

+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)

+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274

+ Inventory turnover = Sales / Inventory <=> Inventory = Sales/ Inventory turnover = 64 million / 12 = $5,333,333

=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.

5 0
3 years ago
Assume that your grandmother wants to give you generous gift. She wants you to choose which one of the following sets of cash fl
Finger [1]

Answer:

The best option is Option A.

Explanation:

3 0
4 years ago
Which specific type of website allows users to voice their opinions on all kinds of products and services across every segment o
RoseWind [281]

Answer: The correct answer is "a. Review sites."

Explanation: Review sites are those websites where users can provide their opinion through a brief review or a score on a particular product or service. This tool provides information to potential new customers about the quality of the product or service they are looking for, it also serves the producers of goods or services to know how they can improve.

7 0
3 years ago
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