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quester [9]
4 years ago
8

Wage contracts, efficiency wages, and the minimum wage are explanations for why:

Business
1 answer:
hjlf4 years ago
7 0

Answer:

B. Wages tend to be inflexible downward

Explanation:

Wages are flexible if they react to changes in demand and supply. Profitability determines demand and supply level for wages.  Flexibility in wages means that If the economy is performing well, companies should compensate their employees better.

Wage inflexibility implies that wages will not respond to changes in demand and supply. Wages do not rise or fall if the marginal productivity of labor increases or decreases.  Wage contracts are agreements that tend to set compensation for workers regardless of their output.  Minimum wage is a regulatory requirement that demands workers not to be paid below a set rate. Wage efficiency recommends higher than market rate compensation to motivate productivity.

The three factors do not advocate for wages to be pegged on productivity.

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If MM's proposition II without taxes is true, what is the return to investors who invest $20 in a stock, borrow another $20 to b
PilotLPTM [1.2K]

Answer:

b. 9.0%.

Explanation:

The computation of the return on the investment is shown below:

Net earning is

= Earning per share × number of shares  - interest paid

= (1.50 × 2) - ($20 × 6%)

= $1.80

Now  the return on the investment is

= Net earning ÷ own investment

= $1.80 ÷ $20 × 100

= 9%

Hence, the return on the investment is 9%

7 0
3 years ago
Sanfillipo, Inc., had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of in
stira [4]

Answer:

According to a physical count, 600 units were on hand at the end of March. The cost of goods sold for March applying the FIFO method is:

$1081600

Explanation:

MARCH 1  800 20  

MARCH 8 8600 22  

MARCH 8 15400 22  

MARCH 8 22400 24  

MARCH 8 27400 24  

Final Inv.   600    

Sell units        74000    

   

FIFO Purch. Unit cost Sell Un. Cost

MARCH 1  800 20 800         16000

MARCH 8 8600 22 8600 189200

MARCH 8 15400 22 15400 338800

MARCH 8 22400 24 22400 537600

MARCH 8 27400 24 26800 643200

                           74000 1081600

7 0
3 years ago
Read 2 more answers
Companies often use several methods to evaluate the project's cash flows and each of them has its benefits and disadvantages. Pl
lukranit [14]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

4 0
3 years ago
Cullumber Company purchased a new machine on October 1, 2022, at a cost of $90,880. The company estimated that the machine has a
marin [14]

Answer:

The workings are made below;

Explanation:

Depreciation Expense for 2022   =($90,880-$,8,640)/8=$10,280*3/12=$2,570

Depreciation Expense for 2023=$10,280  ($90,880-$8,640)/8

The depreciation for 2022 is calculated  on pro rata basis from the date of purchase till December 31,2022.

Where as depreciation for 2023 is charged on full year basis as the asset was used for the whole year.

8 0
3 years ago
Read 2 more answers
13. A firm hires its labor in a perfectly competitive factor (or resource) market and sells its product in a perfectly competiti
marissa [1.9K]

Answer:

Attached below are the graphs

Explanation:

i) The Equilibrium wage rate in the market is determined by the Intersection of the labor demand and supply curve  as seen in the graph attached

ii) The Labor supply curve the firm faces is perfectly elastic in a perfectly competitive resource market

iii) The demand curve of the firm is perfectly elastic because in competitive market a slight change in price will cause a massive change in demand

iv) The firm will continue hiring as long as  MRP ≥ MFC

( MRP = marginal revenue product , MFC = marginal factor cost )

7 0
3 years ago
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