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3 years ago

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

1 answer:

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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19) Tom and Nancy Boyle provide financial support for their two children. In addition, they provide financial support for Tom's

Papessa [141]

Answer:

Sandwiched family

Explanation:

A sandwiched family is a type of family usually made up of middle-aged adults that find themselves saddled with the responsibility of providing and caring for their aged parents and also for their own children.The Boyle family can be described as a sandwich family that is sandwiched between providing financial support for their two children and also providing financial support for their aged parents.

8 0

3 years ago

Janice wants to sell her townhome, and her neighbor is considering buying it. While waiting to find out if her neighbor is going

Mrac [35]

It’s either b or c I think

4 0

4 years ago

Jager Inc. holds 30% of the outstanding voting shares of Kinson Co. and appropriately applies the equity method of accounting. A

Kazeer [188]

Answer:

$ 13,750

Explanation:

Calculation to Determine the amount of Equity in Investee Income that Jager should have reported for 2018

First step is to calculate the intercompany unrealized gain

Remaining inventory — end of year $ 50,000

Gross profit percentage ($33,600 ÷ $96,000)x 35%

Profit within remaining inventory$ 17,500

Intercompany unrealized gain$ 5,250

(Ownership percentage 30%*$ 17,500=$5,250)

Now let calculate the amount of Equity in Investee Income that

Equity in investee income:

Equity income accrual $ 30,000

($100,000 x 30%)

Less Deferral of intercompany unrealized gain ($5,250)

Less Goodwill amortization ($ 11,000)

Equity in investee income$ 13,750

($30,000-$5,250-$11,000)

Therefore the amount of Equity in Investee Income that Jager should have reported for 2018 will be $ 13,750

3 0

3 years ago

Firms who are attempting to engage in price discrimination will offer customers with a ________ demand a higher price and custo

djyliett [7]

Answer: Less elastic

More elastic

Explanation: Price discrimination in simple words is the situation in which the producer of the commodity charges different prices from different individuals for the same commodity.

If the demand for a particular commodity is less elastic for a consumer, then there is high chance that he will not shift his demand to other product due to high price.

But a more elastic demand suggest that the consumer is not very used to for the product and can shift demand from high prices.

Thus, firms will charge high prices from less elastic customer and low prices from more elastic customers.

3 0

3 years ago

Jennifer is the CEO of JustFixIt Inc., a firm that merges technology with commercial hardware. She has been struggling with the

natulia [17]

Answer:

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Explanation:

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3 years ago