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3 years ago

Why do some workers lose their job when the minimum wage isâ€‹ increased?

Business

2 answers:

PolarNik [594]3 years ago

6 0

Answer:

The company can't afford to pay their employees. If you have 100$ you can have ten people working for 10$ an hour and pay everyone for one hour. You can't have 10 people getting paid 20$ because the company would lose money. So if they are paid 20$ per hour, the company can only afford to hire 5 employees.

Explanation:

Julli [10]3 years ago

4 0

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Consider the following transactions: The company uses supplies purchased in the previous period, $1,500.The company pays cash fo

Step2247 [10]

Answer:

Accrual basis expense is $1,500

Cash basis expense is $6,000

Explanation:

A company that follows accrual basis records expenses when it is incurred irrespective of when it is paid.

The company utilizes supplies in the current period that was purchased in the previous period. So, it will be recorded in the current period as accrual basis expense of $1,500.

Rent paid in advance is a liability for company following accrual basis, so it is not an accrual basis expense. It is a cash basis expense as an expense is recorded when cash is paid under cash basis.

So, cash basis expense is $6,000.

Loan amount repaid is a liability in both cases. So, liability is reduced by $10,000. It is not an expense. Only interest amount is expensed.

8 0

3 years ago

Quick Cleaners, Inc. (QCI), has been in business for several years. It specializes in cleaning houses but has some small busines

Pie

Answer:

DR Cash .......................................................................$22,000

CR Common Stock.....................................................................$22,000

(To record receipts from issuance of common stock)

DR Utilities expense ...................................................$815

CR Utilities expense..............................................................$815

(To record utilities liability)

DR Wages expense .....................................................$3,150

CR Cash.........................................................................................$3,150

(To record payment of wages)

DR Account Receivables .............................................$4,350

CR Revenue ...................................................................................$4,350

(To record services on account)

DR Repairs and Maintenance expense account...............$248

CR Cash...................................................................................................$248

(To record repairs made to equipment)

8 0

3 years ago

if you are interested in a career in the hospitality industry, it is important that you enjoy the following:

Nezavi [6.7K]

if you are interested in a career in the hospitality industry, it is important that you enjoy the following:

working with people
an upbeat work environment
traveling
opportunity for growth and career advancement.

<h3>What are pros and cons of working in hospitality industry?</h3>

Pros -

Opportunities for Many Benefits, Not a 9-to-5 Job, Diverse Jobs that Travel
It is dynamic, ever-evolving, and collaborative.

Cons -

a worldwide industry-wide five-day workweek. Employee happiness leads directly to better service, which will surely have long-term benefits.
Weekend work is compensated in addition to the regular weekend off.
using technology more effectively to forecast the requirement for personnel during peak season
Depending on its practicality, automation at the front desk and in restaurants during peak hours

To learn more about hospitality from given link

brainly.com/question/618712

#SPJ4

7 0

1 year ago

Where the combined strength of two items is greater than the sum of their individual strengths. In the media business, this term

ddd [48]

Answer:

The correct answer is: Synergy.

Explanation:

The term synergy means cooperation and its most frequent use was, until now, in the field of medicine, where the synergistic effect of two organs is discussed as the improvement that is produced by the fact that these organs work together.

Applied to the business world, synergy is the production of additional effects that results from the joint work of two or more organizations, taking into account that those effects would not occur if those organizations acted separately.

Synergy in operational activities are those that apply to a function or resource in which the consequences of that collaboration are manifested. It can be synergies in marketing, such as those created when using sales channels, after-sales services or even common logistics; synergies in supplies, which generate benefits in purchase prices or payment conditions for volume purchases or transformation synergies or other operational activities, share production or management schedules or controls, etc.

4 0

3 years ago

Suppose that the home country in the two-sector (manufacturing and agriculture) specific-factors model has a comparative advanta

Whitepunk [10]

Answer:

Explanation:

In a situation such as this one the individual workers and their families may be better off or may actually do worse due to the real wage rises in terms of agricultural goods but the real wage in terms of the manufactured goods will actually fall. Therefore it depends on the worker's unique situation and in which sector they are in which determines if they are better or worse.

5 0

3 years ago