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barxatty [35]
3 years ago
9

Suppose the minimum wage in this economy is $8.70 per hour. An unemployed worker is defined as someone who is willing to work at

the prevailing wage but is unable to find employment. Because the minimum wage lies above the equilibrium wage, it is binding, which means it is also the prevailing wage. If the wage is not allowed to fall below $8.70 per hour, the size of the unskilled labor force isworkers, andunskilled workers are considered unemployed.
Business
1 answer:
o-na [289]3 years ago
5 0

Answer:

the size of the unskilled labor force its workers, and unskilled workers are considered unemployed will increase, as there will be more unemployed people because the price has been increased through government intervention and changed from the equilibrium, firms will be less willing to hire labor at the new price as it is higher than the equilibrium price.

Explanation:

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3 0
4 years ago
when property other than cash is invested in a partnership, at what amount should the noncash property be credited to the contri
Alex787 [66]

Answer:

It should be credited at the amount of the fair value at the date when the property is invested in a partnership.

Explanation:

The non cash property should be credited at the amount of its fair value on the date of the investment, so if someone wants to invest their building in a partnership it will be recognized at the fair value decided between the investor and the partnership owners at the date at which it is invested.

3 0
3 years ago
When looking to finance higher education, what is the best order to look for funding sources? AGrants/Scholarships - Federal Stu
tatyana61 [14]
The answer should be A, as grants and scholarships are easier to attain
7 0
4 years ago
A CPA sole practitioner purchased stock in a client corporation and placed it in a trust as an educational fund for the CPA's mi
Orlov [11]

Answer:

Yes, because the stock is a direct financial interest.

Explanation:

The principals of the AICPA Code of Professional Conduct contains the responsibilities which are to exercise sensitive professional and moral judgment, in terms of the Public Interest to always honor the public trust and perform responsibilities with the highest sense of integrity.

The 3 Parts of the AICPA code of conduct. This includes:

(1) Members in public practice

(2) Members in business

(3) Other members

In accounting, code of conduct is important as it makes individuals to accept a high degree of responsibility toward the public.

Thd independence of a covered member is impaired when:

A. The covered member has a direct financial interest in a client

B. The covered member has a material indirect financial interest in the client

Direct Financial Interest

This is simply known as the ownership interests that is directly held in a client. An example is stock ownership, even if owned in a blind trust etc.

4 0
3 years ago
Candace has just landed her first job and has the long-term goal to one day buy a house. She needs help investing some of her mo
Elza [17]

Answer:

two qualities candace should look for...

Explanation:

understanding- she should look for someone who is understanding of her money and her time, with out that the financial advisor could be very careless

communication- they should be able to communicate with her about her money if there is ever a problem, and when she has the right amount to get her goal.

6 0
3 years ago
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