All categories

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.

You might be interested in

The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year en

yulyashka [42]

Answer:

Explanation:

Question 27

If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.

Question 28

Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

C. Accounts receivable are collected in cash.

Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.

It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.

3 0

3 years ago

Read 2 more answers

Several small vineyard owners in the Napa Valley region of California banded together to market their grapes and wine in an atte

julsineya [31]

Answer: Farm cooperative.

Explanation:

A farm cooperative is a type of agricultural business that is owned by farmers who pool their resources together in their farm or livestock production by performing and adding various services methods in terms of packaging, distribution, providing financial and technical services and marketing of their production so as to get better prices and increased sales.

for instance Napa Valley vine owners coming together to include other services so as to get more profit for sale of their produce

7 0

3 years ago

Read 2 more answers

Self-confidence is the most important quality for

ale4655 [162]

I would say C.; because you can't be thinking bad stuff about yourself while trying to tell another person your qualities.

Hope this helps :)

8 0

3 years ago

The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $12,000 in conversion cost. Th

elixir [45]

Answer:

Equivalent units of production for materials: 42,500

Equivalent units of production for Conversion Costs : 37,700

Explanation:

Work in Process Beginning Inventory 5,000 pounds

Units started 37500

Less Ending Inventory 8000

Units Completed and Transferred Out 34,500 Pounds

Units % Of Completion EUP

Mater. C.C Materials C.C

Units Transferred 34500 100 100 34500 34500

<u>Ending Inven. 8000 100 40 8000 3200</u>

Total Units to accounts for 42,500

<u>Total Equivalent Units 42,500 37,700 </u>

There are two ways of calculating equivalent units of Production . One is given above and the other is adding the percentages in the beginning inventory and started units. As we do not have the percentages of the units started therefore the above method is used.

3 0

4 years ago

Kathy reviews her division's quarterly results and sees that some units exceeded goals while others did not. Next, she will atte

Alex777 [14]

Answer:

E. was due to factors within or outside the firm's control.

Explanation:

The purpose of variance analysis is to address the differences between the budgeted and actual performance of the company.

Variance analysis aids in understanding the reasons fluctuations happen with the aim of reducing or avoiding adverse variances, which eventually leads to improved budgeting.

The reason an organisation would want to know if variances were due to factors within or outside the organisation is because they need to address all such variances that are under management control by looking at what could have been differently.

5 0

3 years ago

Read 2 more answers