Give examples of factors or criteria often used to determine higher wages for a particular job.

A corporation, like a(n)_______, may file suit or _______, or may form a contract or breach a contract.

eimsori [14]

A corporation, like an, can enter into contracts, be sued, sue another party, and launch lawsuits against other parties.

Simply put, to file a lawsuit is to complete and submit documents to a court, either independently or with the aid of an attorney, requesting for the lawsuit to move forward. In order to obtain compensation for "damages" that have been experienced as a result of negligence, the person is suing another person or an entity, or both.

The person or entity being sued is frequently referred to as the defendant, whereas the person or entity being sued is frequently referred to as the plaintiff.

To learn more about file suit, refer to:

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8 0

1 year ago

What is stock exchange?

Novosadov [1.4K]

A stock exchange is a facility where stock brokers and traders can buy and sell securities such as shares of stock and bonds and other financial instruments

7 0

3 years ago

Read 2 more answers

Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journ

Ber [7]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales Revenue Dr, $42,030

Rent Revenue $300

To Salaries and Wages Expense $21,600

To Depreciation Expense $1,300

To Utilities Expense $4,220

To Insurance Expense $1,400

To Rent Expense $6,000

To Income Tax Expense $2,900

To Retained Earnings $4,910

(Being closing of revenues and expenses is recorded)

2. Retained Earnings Dr, $300

To Dividends $300

(Being closing of dividend is recorded)

4 0

2 years ago

A cup of Starbucks coffee is just as good as a cup of Dunkin Donuts coffee for me (assuming equal sized cups.) The price of coff

Oxana [17]

Answer:

TRUE

Explanation:

It is given that both Starbucks coffee as well as Dunkin Donuts coffee are both perfect for me. They taste same and the quality of the coffee in both are same. The price of Starbucks coffee is more than the coffee in Dunkin Donuts. As a customer I would prefer the lower cost item i.e. the Dunkin Donuts coffee.

After the pandemic, the price of the Starbucks coffee have increased. But my utility of purchasing coffee from Dunkin Donuts is not changed as the price of the Dunkin Donuts coffee is still the lowest between the two. So I will continue buying coffee from Dunkin Donuts like before. Thus my utility remains unchanged.

4 0

2 years ago

The city of New Orleans has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a

zepelin [54]

Answer:

a. $700,000

b. 6/7 or 85.7%

c. No they will not.

Explanation:

a. Jacobs will earn the normal salary that the other designers in the other companies are getting in addition to the incremental income he brings to the company as a result of his talents.

Incremental income = Revenue with Jacobs - Revenue without Jacobs

= 1,000,000 - 400,000

= $600,000

Jacobs earnings = Normal designer earnings + incremental income

= 100,000 + 600,000

= $700,000

b. Economic rent is the excess amount that the company is paying Jacobs over what it should normally cost to get a designer.

Normal cost of designer is $100,000. Company is therefore paying an economic rent of $600,000.

Proportion of Jacobs salary that is economic rent = $\frac{Economic rent}{Jacobs annual earning}$

= $\frac{600,000}{700,000}$

= 6/7 or 85.7%

c. The company hiring Jacobs will not be making an economic profit because for them to make an economic profit they would have to be making more than the $400,000 that the other firms make. They cannot make this amount because for them to do so they would have to reduce the amount they pay Jacobs. If they do so, Jacobs would leave for greener pastures and then they would be making the same $400,000 that the rest are making.

8 0

3 years ago