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3 years ago

How are the earning of workers determined?

1 answer:

8 0

The same laws that determine the price of everything. Supply and demand. If there are many workers and few jobs then pay is low. If there are few workers and many jobs then the employers have to compete with other employers for workers and have to offer high pay and benefits to keep workers. At least that is how it should work. Sometime employers in a given field will make a "gentlemen agreement" amongst themselves to keep the pay the same across the industry to keep worker pay down and to prevent people from job hopping.

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How would define industry? What is the industry of a store that sells fishing poles

swat32

Answer:

An industry is a group of companies that are related based on their primary business activities. In modern economies, there are dozens of industry classifications. Industry classifications are typically grouped into larger categories called sectors.

fishhook, spinner, cork, gig, fishing pole, bobber, fizgig, landing net, fishing rod, fishgig, bobfloat, harpoon, lance, fishing line, reel, bob, gaff, spear.

Explanation:

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- GumbbleBe3

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2 years ago

Prepare the journal entries to record the following transactions on Sunland Company's books using a perpetual inventory system.

Volgvan

Answer:

a. March 2, 202x, merchandise purchased on account from Splish Brothers, credit terms 2/10, n/30

Dr Merchandise inventory 885,600

Cr Accounts payable 885,600

b. March 6, 202x, defective/wrong merchandise returned to Splish Brothers

Dr Accounts payable 110,200

Cr Merchandise inventory 110,200

c. March 12, 202x, paid invoice to Splish Brothers within discount term

Dr Accounts payable 775,400

Cr Cash 759,892

Cr Purchase discounts 15,508

purchase discount = purchase balance x 2% = $775,400 x 2% = $15,508

8 0

3 years ago

On the day of a child's birth, a parent deposits $35,000 in a trust fund that pays 4% interest, compounded continuously. Determi

Dmitrij [34]

Answer:

$91,409

Explanation:

Balance = 35000*e^(0.04*24)=$91409

6 0

3 years ago

Read 2 more answers

_________ is another term for a defensive strategy. multiple choice a fixed plan the aggressive approach a stability strategy a

alexandr1967 [171]

A retrenchment strategy is another term for a defensive strategy.
Companies use the retrenchment strategy with the goal to reduce the diversity or the overall size of the operations of the company and by doing so to cut expenses and reach to a more stable financial position.
This strategy will revitalize the organizational resources.

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3 years ago

Explain the relationship between households and firms in economics

valentinak56 [21]

Explanation:

Households supply labor to firms and are paid wages in return. Firms use that labor to produce pizzas and sell those pizzas to households. There is a flow of goods (pizzas) from firms to households and a flow of labor services (worker hours) from households to firms.

6 0

3 years ago