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HACTEHA [7]
3 years ago
9

What is the purpose of minimum wage laws

Business
1 answer:
cestrela7 [59]3 years ago
3 0

Answer:

b. to enable workers to support themselves and their families

Explanation:

Minimum wages are the set minimum amount that employers are expected to pay employees. Minimum wage laws make it illegal for employers to pay employees below the set minimum. The purpose or objective of minimum wage laws is to ensure that the compensation employees receive can afford them a  decent life.

In deciding the minimum wage, authorities consider the cost of living, inflation rate, among other factors. Opponents of minimum wage argue that minimum wages may bring about wage inflexibility, where a worker may be paid more than the value of their output.

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When standard direct labor hours differ from actual direct labor hours used, the company experienced a(n):
omeli [17]

Answer:

efficiency variance

Explanation:

When standard direct labor hours differ from actual direct labor hours used, the company experienced an "efficiency varaiance". It can be used in order to analyze how effective an operation is in relation to labor, materials, machine time and other production factors.

Efficiency variance is actually the difference which exists between the theoretical amount of inputs which are needed to produce an output and the actual number of inputs which are required to manufacture the unit of output.

6 0
3 years ago
Gracie, inc. made a prepaid rent payment of $2,800 on january 1. the company's monthly rent is $700. the amount of prepaid rent
Dominik [7]
<span>Out of the prepaid rent of $2800, $700, the actual rent for the month of January, has to be debited to rent account and prepaid rent account will be credited. Now the prepaid rent account will show a smaller figure(2800-700 = 2100) This is the amount that will be shown in the prepaid rent account in the balance sheet. Of course it will be shown as an asset since it has a debit balance.</span>
7 0
3 years ago
For the questions below, select the appropriate answer. Are households primarily buyers or sellers in the goods and services mar
saveliy_v [14]

Answer:

1 = They are Buyers   2= They are buyers.   3=They are sellers.

Explanation:

.

5 0
3 years ago
Suppose Visa Inc.​ (V) has no debt and an equity cost of capital of 9.2 %9.2%. The average​ debt-to-value ratio for the credit s
DedPeter [7]

Answer:

9.68%

Explanation:

The cost of equity :

Using this formula

rE=rU+D/E *(rU-rD)

Let plug in the above formula:

rU=0.092

D=0.13

E=(100%-13%)

=0.87

rD=0.06

rE=0.092+ 0.13/0.87*(0.092-0.06)

rE=0.092+0.1494*0.032

rE=0.092+0.004781

= 0.0968 ×100

=9.68%

8 0
3 years ago
The doctrine that makes a defendant liable even if the defendant is without fault is called...
Elanso [62]
<span>C: strict liability

I hope this helped ya :)</span>
4 0
3 years ago
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