Answer:
The black death epidemic resulted to death about 34 million European, left more job vacant. This was becuase many workers died while the jobs the were working on as at that time remained almost unchanged. The remained workers after the black death demanded for rise in wages, although the lords stood against the demand.
Explanation:
Although worker population decreased because of the plague, the amount of land and the tools did not change much. Some farm animals died when the people who took care of them died. Because the remaining workers had more tools and land to work, they became more productive, producing more goods and services. When workers are more productive, employers are willing to pay higher wages. The Statute of Laborers and similar laws in other countries were not very effective. Some lords avoided violating the statute by making “in kind” pay-ments—paying workers with food or other goods rather than wages—or providing other “fringe benefi ts.” Some lords began to pay illegally high wages. Wages increased because there were fewer workers—labor had become more scarce
If the number of buyers of a good increases, the demand for the good will <u>increase</u> and the demand for labor used to produce that good will <u>normal</u>.
The logic behind the demand and supply model is straightforward. The volume of a specific commodity or service that consumers will be able and willing to buy over time at each price is shown by the demand curve.
The supply curve depicts the volume of goods that merchants will offer for sale over that period at various prices.
We should be able to determine a price where the quantity of items buyers are willing and able to buy equals the quantity of goods sellers are willing to offer for sale by combining the two curves.
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Answer:
$2420
Explanation:
From 2018, If itemized, total annual allowable limit for State and local taxes is capped at $10,000
Although as separate allowable property tax is ( 1510 + 910) = $2420
Development cost is not a property tax amount.
Therefore, deductible property taxes amount, lessor of follow:
(10000-5050) $ 4,950
or: $ 2,420
Answer:
6
Explanation:
The average turnover ratio is calculated using the formula.
average turnover ratio = Costs of goods sold
Average inventories
For Wilkens Company, Costs of goods sold will be sales revenue - the gross profit
= $1,800,000- $600,000 = $1,200,000
Average inventory = Beginning stock + Ending stock /2
= $160,000 + $240,000 /2
=$200
Average turnover ratio = $1,200,000
$200,000
=6
Answer:
A marketing information system, or an MIS, is a system for gathering, storing, analyzing and distributing valuable marketing data to help marketers make better decisions
