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Sladkaya [172]
3 years ago
8

A minimum wage above $10 per hour would prevent the labor market from reaching equilibrium.a. True b. False

Business
1 answer:
Gala2k [10]3 years ago
6 0

Answer:

a. True

Explanation:

A minimum wage above $10 per hour is the binding minimum wage in the labour market so this would prevent the labor market from reaching equilibrium.

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Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represe
Len [333]

Answer:

A. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.

Explanation:

$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.

7 0
3 years ago
How valuable a low-cost leader's cost advantage is depends on A) the aggressiveness with which the low-cost leader pursues conve
Jobisdone [24]

Answer:

The correct answer is  B) whether it is easy or inexpensive for rivals to copy the low-cost leader's methods or otherwise match its low costs.

Explanation:

A cost advantage is where a business is able to produce its output at a lower cost compared to its competitors. It can result due to different factors such as superior technology, more effective processes, and lower resource costs.

The value of a leader's cost advantage depends on how easily the rival businesses can copy its methods to reduce their own costs. If the rival businesses can easily copy these methods, then their own costs shall also reduce and the leader's cost advantage shall cease to exist.

If, however, the methods cannot easily be adopted by other businesses, then the leader's cost advantage remains effective and highly valuable. This corresponds to option B.

7 0
3 years ago
Which of the following is true of business locations?
Mazyrski [523]

Answer:

B. Target market customers are essential factors for selecting business locations.

3 0
3 years ago
Having _________ information can help you determine your restaurant’s concept and tell you if your business has a chance to succ
Ksju [112]
I would say detailed information would help
3 0
3 years ago
Which type of fund generally has the lowest average expense ratio? actively managed international funds indexed funds hedge fund
Leno4ka [110]

The fund that has the lowest average expense ratio from the given options is an Indexed fund.

<h3>Why are expense ratios for Indexed funds so low?</h3>

Index funds are funds that invest on a particular index such as the  S&P 500 Index which follows the 500 companies on the S&P.

The way these funds work is by investing on a certain index entirely and then leaving the investment to run on its won based on the returns of the index that was invested in.

Because these funds just follow an index, they do not need people to monitor them and make analysis that will lead to higher returns for investors.

As a result of this, the overhead attached as a result of wages for analysts is reduced. With the total expenses being reduced, so also will the average expense ratio.

In conclusion, the fund that generally has the lowest average expense ratio is the indexed find.

Find out more on indexed funds at brainly.com/question/7804398

#SPJ1

6 0
2 years ago
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