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EleoNora [17]
3 years ago
10

The purpose of having a minimum wage is to _____. a. Educate workers about what they could be making b. Guarantee that workers a

re paid fairly and not exploited c. Undermine businesses that can’t afford to pay minimum wages d. Generate more tax revenue by increasing overall pay
Business
2 answers:
boyakko [2]3 years ago
8 0

Answer:

B) Guarantee that workers are paid fairly and not exploited.

Explanation:

This is a law to make sure that citizens are not underpaid for work.

vagabundo [1.1K]3 years ago
3 0

Answer:

The purpose of having a minimum wage is to guarantee that workers are paid fairly and not exploited.

Answer:b

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A toy company creates a new toy that suddenly become very popular. The toys in the stores sell out immediately, and the factorie
shtirl [24]
Your answer would be B. The price will go up because supply is low.
3 0
3 years ago
Which of the following would be most likely to lead to increases in nominal interest rates?
olasank [31]

Answer:

c. A new technology such as the Internet has just been introduced, and it increases investment opportunities.

Explanation:

Nominal interest rate is the sum of real interest rate and expected inflation rate.

If expected inflation rate falls, the nominal interest rate also falls.

During a recession, people are more unwilling to borrow funds ,this pushes interest rate down.

If investment opportunities increases, the demand for funds would increase and nominal interest rate would increase too.

I hope my answer helps you

8 0
3 years ago
The following situations should be considered independently. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $
Naddika [18.5K]

Answer:

1. John Jamison Approximately how long will it take John to reach his goal?

8.

2. Jasmine Company What is the interest rate implicit in this agreement?

8,77%

3. Sam Robinson What is the annual payment Sam must make to pay back his friend?

2416,815107

Explanation:

                          PV          x Int Rate x+int.rate N y    y*PV  

1. John Jamison 30000 1 10%          110% 8 2,143 64307,6643 64307

       

2.Jasmine Company N Monthly principal interest Net value    

    33.494    

1 6.000 3.062 2.937 30.432    

2 6.000 3.331 2.669 27.101    

3 6.000 3.623 2.377 23.477    

4 6.000 3.941 2.059 19.536    

5 6.000 4.287 1.713 15.250    

6 6.000 4.662 1.337 10.587    

7 6.000 5.071 929 5.516    

8 6.000 5.516 484 0    

       

       

Loan 33494      

Monthly: 8      

Interest: 8,77%      

Monthly payment 6.000      

       

3. Sam Robinson N Monthly principal interest Net value    

                                                       15000    

1 2416,815107 766,815107 1650         14233,18489    

2 2416,815107 851,1647687 1565,650338 13382,02012    

3 2416,815107 944,7928933 1472,022214 12437,22723    

4 2416,815107 1048,720112 1368,094995 11388,50712    

5 2416,815107 1164,079324 1252,735783 10224,4278    

6 2416,815107 1292,128049 1124,687058 8932,299746    

7 2416,815107 1434,262135 982,5529721 7498,037611    

8 2416,815107 1592,03097 824,7841372 5906,006641    

9 2416,815107 1767,154376 649,6607306 4138,852265    

10 2416,815107 1961,541358 455,2737492 2177,310907    

11 2416,815107 2177,310907 239,5041998 0    

5 0
3 years ago
At the beginning of the month, the baking department of Mario Company had no beginning work in process inventory. At the end of
Phantasy [73]

Answer:

600 Units

Explanation:

Given:

Opening balance of inventory = 0 units

Ending balance of the month = 800 units

Finished units during the month = 1,200 units

Completed work in progress = 75% = 0.75

Ending work in process inventory = ?

Computation of ending work in process inventory:

Ending work in process inventory = Ending balance of the month × Completed work in progress

= 800 × 0.75

= 600 units

6 0
4 years ago
Mary expects the inflation rate to be 5 percent, and she is willing to pay a real interest rate of 3 percent. Joe expects the in
OleMash [197]

Answer:

55

Explanation:

correct

8 0
3 years ago
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