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emmasim [6.3K]
3 years ago
13

Do you think that a price floor such as a minimum wage will result in a surplus of labor and hence unemployment?

Business
1 answer:
kow [346]3 years ago
7 0
<span>when the price floor of minimum wage is increased ,there will be lot of people to work for the current wages. now there will be a surplus of workers and less work compared to the workers. this will led to unemployment once again.</span>
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Sunland Corporation had net sales of $2,425,800 and interest revenue of $38,200 during 2020. Expenses for 2020 were cost of good
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Answer:

Prepare a single-step income statement for the year ended December 31, 2020

Explanation:

SUNLAND CORPORATION  

Inconme statement  

For the year endend December 2020  

 

 

Revenue  

Net Sales               2.425.800  

Interes Revenue             38.200  

Total Revenue        2.464.000  

 

Expenses  

Cost Of goods             1.458.200  

Administrative expenses 212.600  

Selling xpenses                 282.000  

Interes expense                   46.400  

Tax rate                                  139.440  

Expenses                       2.138.640  

 

Net income                           325.360  

 

Shares issued                     70210  

Earning p/share                        4,63  

7 0
3 years ago
LO 8.4What is the main difference between a flexible budget and a master budget?
zhannawk [14.2K]

Answer:

Flexible budget and master budget are very different.

Explanation:

The "master budget" is the sum of all the budgets that are prepared by a company's various departments. They include financial statements that are budgeted, a financing plan and a cash forecast. They are based on one specific level of production.  

A "flexible budget" is a budget that changes or adjusts when the level of activity changes. They are dynamic in nature and can be operated on many levels of output. It is realistic and not based on assumption.

7 0
3 years ago
When the central bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is:?
Rudik [331]

Answer:

It is "following an expansionary monetary policy".

Explanation:

When the central bank uses expansionary monetary policy, money supply increases and the  interest rates decreases, this will lead to no change in aggregate demand. It also affects the value of the currency and that is lowering its value but there is improvement in growth of domestic economy.

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A what is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and th
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A cartel is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.

8 0
3 years ago
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I believe the answer is D, as Tammy creates new ways to become a better teacher, Vannia speaks with parents and the school board, and Alcott Meets with the school board regarding changes in budgets making them administration and administrative support pathway  and Stefan belongs to the supportive services as he is dealing with scholarship information and testing info. 
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3 years ago
Read 2 more answers
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