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3 years ago

If the federal and state minimal wages are different, the highest minimum wages used

Business

2 answers:

Masteriza [31]3 years ago

8 0

Answer:

The correct answer is true. 

Explanation:

The current federal minimum wage is $7.25 per hour, and has not increased since July 2009. However, some states, cities, and counties have a higher minimum wage rate.

When the state, city or county minimum wage rate is higher than the federal rate, employers are required to pay workers the higher amount. Under the FLSA, non-exempt employees must be paid the minimum wage or higher.

Mekhanik [1.2K]3 years ago

7 0

Answer: True.

Explanation: In the United States, there is a federal minimum wage of $7.25 an hour. However, the federal government allows states to have their own minimum wage laws. Employees who are subject to both are entitled to the highest one, which is why it makes no sense for states to have minimum wages lower than the federal minimum wage.

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Weston Corporation just paid a dividend of $1.00 a share (i.e., D0 5 $1.00). The dividend is expected to grow 12% a year for the

Oduvanchick [21]

Answer:

D1 = $1.12

D2 = $1.25

D3 = $1.40

D4 = $1.48

D5 = $1.55

Explanation:

The formula to calculate dividends for next years is:

$D_n=D_{n-1}(1+g)$

Where D_n is successive year dividend

D_(n-1) is previous year dividend

g is the growth rate (given as 12% = 12/100 = 0.12)

Initial dividend is $1, D_0

So, lets calculate the dividends for 5 years:

Year 1:

D1 = 1(1+0.12) = 1(1.12) = $1.12

Year 2:

D2 = D1(1+g) = 1.12(1.12) = 1.2544 = $1.2544

Year 3:

D3 = D2(1+g) = 1.2544(1.12) = 1.404928 = $1.404928

Year 4:

D4 = D3(1+g) = 1.404928(1+0.05)1.404924(1.05) = $1.4751744

Year 5:

D5 = D4(1+g) = 1.4751744(1.05) = $1.54893312

8 0

3 years ago

Continuing from Problem 1, at the end of the first year, Chemtec is expecting sales of $250 million and costs of $125 million. T

Tanzania [10]

Answer:

Free cash for first year is $98.75

Explanation:

Sales = $250 million

Less: Costs = $125 million

Less: Depreciation = $50 million

Earning before Tax = $75 million

Less: Tax 35% (75 x 35%) = $26.25 million

Net Income = $ 48.75 million

Free cash flow = Net Income + Non cash Expenses - Increase in working capital - Capital Expenditure

Free cash flow = 48.75 million + 50 million - 0 - 0

Free cash flow = 98.75 million

3 0

4 years ago

Explain the characteristics of public limited companies

sweet [91]

Explanation:

Life span

Number of shares

Financial privacy

6 0

3 years ago

are the preserved remains of organisms, and they provide evidence to support Darwin’s theory of evolution. will give brainlyist

Veseljchak [2.6K]

Preserved remains of organisms are known as fossils.

Fossils are generally remains of ancient dead living organisms, including plants and animals. Fossils can be in the form of bones, shells, or even an animal’s imprint.

These things help Charles Darwin in proving his theory of evolution, which states that heritable characteristics in living organisms change over several generations.

5 0

3 years ago

Read 2 more answers

Max Company produces electronic gadgets using labor and capital. If Max increases labor and decreases capital to produce the sam

svetoff [14.1K]

Based on the information given, it can be deduced that the marginal product of labor will decrease and the marginal product of capital will increase.

From the information given, it was stated that Max Company produces electronic gadgets using labor and capital and that he increases labor and decreases capital in order to produce the same quantity of gadgets.

Due to this, according to the law of diminishing marginal productivity, the marginal product of labor will reduce and that of capital will rise.

Learn more about labor on:

brainly.com/question/333305

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3 years ago