Answer: There will be an effect as there might be labor shortage.
Explanation: Minimum wage is the least renumeration pay that can legally be paid by employers to their workers. It is a price floor method below which employees can't sell their labor. When a minimum wage is imposed by the government, firms are not allowed to pay less than the wage rate mandated by the government.
If the minimum wage is set below the equilibrium wage rate, quantity of labor reduces in comparison to the quantity demanded by employers. If the least paid person is paid $16 per hour and the government imposes a minimum wage of $10, There will be a shortage of labor because most people won't like to work as a result of the lower income. It also leads to lack of motivation among workers.
Answer:
True
Explanation:
This act is also known as the<em> Financial Services Modernization Act of 1999</em>, redefined the financial product industry in terms of making the limits between the financial institutions' area of work. Above all, it defined the customer as an individual who obtains financial products from financial institutions, primarily for personal and household needs.
<span>Capital market instruments, also known as "securities" are:
Stocks & Bonds - Certificates of ownership stakes & loans to a company by an individual or group.
Treasury Bills - Certificates of government security that are bought at a discounted rate and redeemed for face value.
Debentures - General credit loan certificate given by a company based on its perception rather than its assets.
Foreign Exchange - The system used to handle other countries currency.
Fixed Deposits - Certificate of an institute which allows for higher interest rates if held until the maturity date.</span>
The radical view toward Foreign Direct Investment (FDI) argues that multinational enterprises extract profit from the host country and take them back to their home country.
<u>What is radical view toward FDI</u>
The radical view linked its roots to Marxist political and economic theory. Radical writes debate that multinational companies dominate the host country’s economy and they considered that these companies are an instrument of imperialist domination. They think that these companies take profit from the host countries and don’t provide any benefit to the host countries. They also argue that multinational companies exploit the host countries’ resources and benefits.
Therefore, the radical view toward Foreign Direct Investment (FDI) argues that multinational enterprises extract profit from the host country and take them back from their home country.
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Answer:
the amount that should be reported for Liabilities in Kylie's consolidated financial statements is $2,187,382
Explanation:
The computation of the amount that should be reported for Liabilities in Kylie's consolidated financial statements is shown below:
= $793,972 + $1,601,119 - $207,709
= $2,187,382
Hence, the amount that should be reported for Liabilities in Kylie's consolidated financial statements is $2,187,382
The same should be considered