- <u>A minimum wage is the lowest remuneration that employers can legally pay their workers the price floor below which workers may not sell their labor.</u>
*Put that in your own words though
Answer:
Money multiplier= 1 / reserve requirement
a. Reserve requirement = 0.09
Money multiplier = 1 / 0.09
Money multiplier = 11.11
b. Reserve requirement = 0.25
Money multiplier = 1 / 0.25
Money multiplier = 4
c. Reserve requirement = 0.12
Money multiplier = 1 / 0.12
Money multiplier = 8.33
d. Reserve requirement = 0.04
Money multiplier = 1 / 0.04
Money multiplier = 25
I’m just answering so it lets me ask mother question
Answer:
The correct answer is b. managerial accounting and financial accounting
Explanation:
Administrative Accounting: It is the Information System at the service of the administration. Also called management accounting, with orientation to planning, control, and decision-making functions. It refers in general to the extension of internal reports, whose design and presentation is currently responsible for the company's accountant.
Financial Accounting: Financial Accounting is the technique with which quantitative information on economic entities is systematically produced, aimed at providing information to third parties related to the company.
Answer:
B- They will decrease as production decreases within the relevant range
Explanation:
variable cost are those cost which are link to the production, there is positive correlation between variable cost and production, increase in production will increase the variable cost and vice visa.
Example of variable cost
1.Labor
2.material