Answer:
No the given statement is not correct.
Explanation:
Federal Government does not determine the pay structure for any occupation. Each occupation determine its own salary structure. For example, the doctors would determine their own fee that they would charge to the patients, schools will determine their fee that they would charge from students, lawyers determine their own fee, and the examples are countless. Government sometimes only sets the minimum level of wage that must be paid to a worker. For example government can put a base at 10 dollars wage rate that has to be given to the worker working for you. So you must give the worker at least $10, but you can give him $15 or $20, as much as you like and as much as he charges you, but you can't give him less than 10 dollars
Answer:
$94,080
Explanation:
Data provided in the question:
The partnership’s capital balances
Caitlin= $128,000
Chris = $88,000
Molly = $108,000
Paul's equity = 20%
Amount invested by the Paul = $68,000
Now,
The total value of the capital = ∑ ( capital balances of each partner )
= $128,000 + $88,000 + $108,000 + $68,000
= $392,000
Therefore,
The balance in Paul's capital account immediately after Paul’s admission
= 20% of $392,000
= $78,400
Thus,
Balance in capital account for Caitlin, Chris, and Molly
= total value of the capital - Balance in Paul's capital
= $392,000 - $78,400
= $313,600
also,
Share of Caitlin = 
= 0.3
hence,
balance in Caitlin’s capital account immediately after Paul’s admission
= 0.3 × $313,600
= $94,080
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.
Option C
An increase in the real wage would result in a: movement along the labor demand curve, causing a decrease in the number of workers hired by the firm.
<u>Explanation:</u>
The wage rate is circumscribed by the crossing of supply and demand for labor. The demand curve depends on the marginal product of labor and the cost of the good labor originates.
A variation in the wage or payroll will end in a shift in the amount necessitated of labor. If the wage rate increases, organizations will require to hire fewer employees. The quantity of labor demanded will decline, and there will be a movement skyward on the demand curve.
