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4 years ago

What are some of the benefits of establishing a minimum wage?

Business

2 answers:

lapo4ka [179]4 years ago

7 0

it can help certain families

it serves as an employment incentive

it is a common reference with hiring in other jobs

it can also be helpful depending on the type of market

Alinara [238K]4 years ago

4 0

Answer:

When a minimum wage is set, workers who have jobs earn more money.

Explanation:

PLATO ANSWER!

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Chilton, Inc. sold 11,900 units last year for $20 each. Variable costs per unit were $3.00 for direct materials, $2.60 for direc

kvasek [131]

Answer:

a. Total contribution margin is $140,420.00

b. Unit contribution margin is $11.80

c. Contribution margin ratio is 0.59.

Explanation:

a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.)

Sales revenue = 11,900 × $20 = $238,000

Total variable cost = (11,900 × $3) + (11,900 × $2.6) + (11,900 × $2.6) = $97,580

Total contribution margin = $238,000 - $97,580 = $140,420.00

b. What is the unit contribution margin?

Unit contribution margin = Total contribution margin ÷ Units sold = $140,420.00 ÷ 11,900 = $11.80

c. What is the contribution margin ratio? (Round your intermediate calculations and final answer to 2 decimal places.)

Contribution margin ratio = Unit contribution margin ÷ Unit selling price = $11.80/20.00 = 0.59.

7 0

3 years ago

what is the quote of a 16 year, 3.2 semiannual coupon bond with 1,000 face value if the yield to maturity is 7.3 g

murzikaleks [220]

Answer:

Bond Price = $616.6938765 rounded off to $616.69

Explanation:

To calculate the quote/price of the bond today, we will use the formula for the price of the bond. Assuming the bond is a semi annual bond, the semi coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = 1000 * 0.032 * 6/12 = $16

Total periods (n) = 16 * 2 = 32

r or YTM = 0.073 * 6/12 = 0.0365 or 3.65%

The formula to calculate the price of the bonds today is attached.

Bond Price = 16 * [( 1 - (1+0.0365)^-32) / 0.0365] + 1000 / (1+0.0365)^32

Bond Price = $616.6938765 rounded off to $616.69

8 0

3 years ago

A customer sells short 100 shares of ABC at $35 and buys 1 ABC Jul 35 Call @ $3. The stock falls to $30 and the customer closes

LUCKY_DIMON [66]

Answer:

The answer is $300 gain.

Explanation:

Operations:

Short 100 shares of ABC at $35 each= 100 * 35 = + $3,500
Buy 1 ABC Jul 35 Call @ $3 (one call equals to 100 shares)= 100 * (3) = $(300), accumulated = + 3,500 - 300 = + 3,200
Closes the option contract at $1 = 100 * 1 = + $100, accumulated = + 3,200 + 100 = + 3,300
Buys the stock at the current market price (buys 100 stock @ $30 each)= 100 * (30) = $(3,000), accumulated = + 3,300 - 3,000 = + $300.

5 0

3 years ago

Before a three-for-one stock split, the shares outstanding were 5,000 shares at $12 par. After the split, what was the par and n

iragen [17]

I would say that the answer is C but idk

3 0

3 years ago

Read 2 more answers

During May, Salinger Company accumulated 740 hours of direct labor costs on Job 200 and 900 hours on Job 305. The total direct l

Molodets [167]

Answer:

May

Dr Work in Process $35,500

Cr Wages Payable $35,500

Explanation:

Preparation of the Journal entry to record the flow of labor costs into production during May

Based on the information given the Journal entry to record the flow of labor costs into production during May will be :

May

Dr Work in Process $35,500

Cr Wages Payable $35,500

Calculated as:

Labor costs = (740*20)+(900*23)

Labor costs=14,800+20,700

Labor costs=$35,500

4 0

3 years ago