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3 years ago

If Congress passes a new minimum wage law, then

Business

1 answer:

Flauer [41]3 years ago

8 0

Answer:

AS shifts left and price level would increase.

Explanation:

Aggregate supply curve shifts to the right (amount supplied increases) when there is increase in productivity in an economy. There is downward pressure on the price level.

The aggregate supply curve shifts to the left when there is a price increase of inputs. So suppliers use limited resources to buy lower input resulting in lower aggregate supply.

If Congress increases wages, suppliers will have to pay more for labor to produce goods. So the quantity supplied will decrease (AS shift to the left) and price will increase. The gift is illustrated in the attached diagram. There is a shift from Q2 to Q1

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Land containing a mine having an estimated 1,000,000 tons of economically extractable ore is purchased for $375,000. after the o

Leokris [45]

Should your answr be a ratio it is 75/375

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3 years ago

Federal Trade Commission (FTC) regulations require that: Multiple Choice all used cars be sold with a warranty. used car buyers

alekssr [168]

Federal Trade Commission (FTC) regulations require that used car buyers be informed of whether or not the vehicle comes with a warranty.

<h3>What is the Federal Trade Commission </h3>

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2 years ago

You were appointed the manager of Drive Systems Division (DSD) at Tunes2Go, a manufacturer of portable music devices using the l

Volgvan

Answer:

Answer is explained below.

Explanation:

Assume the new testing equipment is rented and installed on December 31 and impact on this year's divisional operating profit

Loss from equipment write-off

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Operating costs:

Variable -1,190,000

Fixed (cash expenditures) -4,390,000

Equipment depreciation -960,000

Other depreciation -710,000

Loss from equipment write-off -5,040,000

Operating profit (loss) before taxes

Operating profit (loss) before taxes=-$2,470,000(Loss)

Loss from equipment write-off= Value of equipment -Equipment Depreciation =$6,000,000-$960,000=$5,040,000

Assume the new testing equipment is rented and installed on December 31. and the impact on next year's divisional operating profit

Sales revenue 9,820,000+690,900=10,510,900 Add 7% of 9,820,000=690,900

Operating costs:

Equipment rental -1,370,000

Variable -1,190,000

Fixed cash expenditures -4,390,000+263,400=-4,126,600 6%of 4,390,000=263400

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Other depreciation -710,000

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Would you rent the new equipment - Yes Because it is benificial for Company as it is earning profit of $2,154,300

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4 years ago

Which of these actions could constitute a breach of the Civil Rights Act? A. The human resources department rejected Fatima’s ap

Trava [24]

Answer:E. The human resource department did not promote Fatima because they thought that she would not be able to travel as frequently as the job requred because she has two young children.

Explanation: This action constituted a breach of the Civil Rights Act.

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2 years ago

Bolwork Inc. is expected to pay a dividend of $5 per share next year. Bolwork's dividends are expected to grow by 3 percent ann

lesya692 [45]

Answer:

fair value for Bolwork stock is $0.4166

Explanation:

given data

dividend = $5 per share

grow rate = 3 %

required return = 15 %

to find out

fair value for Bolwork stock

solution

we will apply here stock price formula that is

stock price = dividend / required return - growth rate

put all these value we get

stock price = dividend / required return - growth rate

stock price = 5 / 15 - 3

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stock price is = 0.4166

fair value for Bolwork stock is $0.4166

4 0

3 years ago