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3 years ago

Minimum-wage laws dictate:

Business

1 answer:

AURORKA [14]3 years ago

7 0

Answer:

A minimum wage that firms may pay workers (Option C)

Explanation:

A minimum wage is the lowest pay, wage or salary permitted by law for employers to pay their workers. In other words, a minimum wage is the price benchmark which workers should not go below in offering labor.

Minimum wages are legally established to protect or guard workers against unduly low pay or exploitation. Most countries of the world have minimum wage legislation that was introduced before the end of the 20th century.

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Fruit preservation is he most important process for fruit grower. Give reason

BlackZzzverrR [31]

Answer:

Fruits and vegetables are produced seasonally, but the market requires products throughout the year. For many decades, this problem of matching product availability with consumer demand was solved in two ways:

Selling fresh products during harvest and shortly thereafter

Processing the rest to meet demand during the rest of the year

Explanation:

4 0

3 years ago

Read 2 more answers

For each user of accounting information, identify if the user would use financial accounting or managerial accounting.

Nady [450]

Answer:

a. Investor - Financial Accounting;

b. Banker - Financial Accounting;

c. IRS - Financial Accounting;

d. Manager of the business - Managerial Accounting;

e. Controller - Managerial Accounting;

f. Stockholder - Financial Accounting;

g. Human resource director - Managerial Accounting;

h. Creditor - Financial Accounting.

Explanation:

Requirement A - D

a. Investor - Financial Accounting - Investor decides after evaluating the past performance of a company whether to invest or not. They cannot provide any upper-level decisions.

b. Banker - Financial Accounting - Preparing financial statements or boosting company performance is the crucial working area for a banker. They cannot make a decision.

c. IRS - Financial Accounting - Internal Revenue Service deals with the financial statements of an organization and not deals with the organization's decision.

d. Manager of the business - Managerial Accounting - When a branch of an accounting discusses how to make managerial decisions to achieve the objective with the managers or administration, it is termed as managerial accounting. The manager of a business decides what the necessary things for a company are.

Requirement E - H

e. Controller - Managerial Accounting - The controller of an organization directly deals with the managers regarding various managerial decisions.

f. Stockholder - Financial Accounting - Stockholders cannot make any decisions. They can only give their opinions to alter the situation to maximize the value of the shares.

g. Human resource director - Managerial Accounting - Human resource director makes recruiting-related decisions that are internal. As managerial accounting deals with internal decisions, the human resource director is under the managerial accounting category.

h. Creditor - Financial Accounting - Creditors can ask for early payment, but they cannot urge the mangers to make any decisions.

8 0

3 years ago

In the first month of operations, the total of the debit entries to the Cash account amounted to $3540 and the total of the cred

tresset_1 [31]

Answer:

$1,420

Explanation:

Cash account is normally a debit balance (as an asset) and debit entries represent a receipt of cash (an increase) while credit entries represent an outflow (a reduction) of cash.

The cash balance is as such the net between the debit balances and the credit entries posted.

The Cash account has a balance of

= $3540 - $2120

= $1,420

7 0

3 years ago

All else being equal, a working-age person whose time preference favors delayed gratification tends to have Select one: a. more

valentina_108 [34]

Answer: A. More savings

Explanation:

Delayed gratification, or deferred gratification, describes the process that the subject undergoes when the subject resists the temptation of an immediate reward in preference for a later reward. Generally, delayed gratification is associated with resisting a smaller but more immediate reward in order to receive a larger or more enduring reward later.

4 0

3 years ago

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows.

masya89 [10]

Answer:

Results are below.

Explanation:

Sales Mix Unit Contribution Margin

Lawnmowers 20% $30

Weed-trimmers 50% $21

Chainsaws 30% $39

Fixed cosst= $4,342,800

First, we need to calculate the weighted average contribution margin:

weighted average contribution margin= (0.2*30) + (0.5*21) + (0.3*39)

weighted average contribution margin= $28.2

Now, the break-even point in units for the whole company:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 4,342,800 / 28.2

Break-even point (units)= 154,000

Now, for each product:

Lawnmowers= 0.20*154,000= 30,800

Weed-trimmers= 0.50*154,000= 77,000

Chainsaws= 0.30*154,000= 46,200

7 0

3 years ago