Answer:
Maddox must be paid overtime.
Explanation:
Solution
Generally,most people or individuals above 16 and 17 years old are considered as for calculating working hours and overtime pay during summer vacation.
In this scenario, Maddox had already worked 40 hours in the week and needs to work extra for the sole purpose of fixing machines.
For this, it is required or expected for Maddox to be paid.
Answer:
The concept of equivalence, also known as economic equivalence, describes the reduction of a series of cash inflows (benefits) and cash outflows (costs) to a single point in time, using a single interest rate, which enables the cash flows to be compared or equated. This implies that while the amounts and timing of the cash flows (both inflows and outflows) may differ, an appropriate interest rate, factoring in the time value of money, will cause one set to be equal to the other. Therefore, to establish economic equivalence, series of cash flows that occur at different points in time must be equalized using a single interest rate through present value calculations.
Explanation:
The concept of equivalence describes a combination of a single interest rate and the idea of the time value of money. This combination helps to determine the different amounts of money at different points in time that are equal in economic value, such that a person would not hesitate to trade one for the other.
For example, if the interest rate is 10% in Year 1 and in Year 2 and you are to be paid $1,000 in Year 1, it will not make any difference to you if you are paid $1,100 in Year 2. This is because, given the prevailing interest rate of 10%, the value you receive in Year 1 and Year 2 are equivalent.
Answer:
The correct answer is 2%.
Explanation:
The fisher effect describes the relationship between interest rates in two countries and the exchange rate of their currencies. In this example, it is said that the difference between the interest rate vs the inflation of the united group shows a difference of 2% that the United States is also expected to experience with an annual inflation rate of 4%.
<u>Answer:</u>
<em>An increase in quantity supplied and quantity demanded.</em>
<u>Explanation:</u>
If population increases in a city with <em>effective rent controls</em> (and nothing else changes) in the market for rental housing there will be an increase in <em>quantity supplied and quantity demanded. </em>
As with the <em>rising population the demand for rental housing</em> increase and with the rent control rent remains same, but the supply of rental housing units increases.Therefore, there will be an increase in the <em>quantity supplied and demanded.</em>
Answer:
an assignment
Explanation:
An assignment task happens when a party appoints their legally binding rights to a third party. It means that the advantage giving party would have gotten from the agreement is currently given to the outsider. The party giving their privileges is referred to as the assignor, while the party getting the rights is the chosen one. Basically, the assignor lean towards that the chosen one turns around jobs and accept the authoritative rights and commitments as expressed in the agreement.