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3 years ago

All of the following statements about the economic philosophy in Texas are true EXCEPT

Business

1 answer:

ZanzabumX [31]3 years ago

7 0

Answer:

The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.

Explanation:

If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).

If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.

If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24

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A corporation is issuing 5,000,000 shares of stock at a public offering price of $13 per share. The manager of the underwriting

pentagon [3]

Answer:

$12.20 per share for a total of $61,000,000

Explanation:

Calculation to determine how much will the managing underwriter's fee will total:

First step is to calculate the underwriting risk. Amount

Underwriting risk=($0.65 - $0.40)

Underwriting risk=$0.25

Second step is to calculate The total spread is

Total spread=($0.15+ $0.25 +$0.40 )

Total spread=$0.80

Now let determine the amount The issuer will receive and the Total

Amount received = ($13.00 - $0.80)

Amount received=$12.20 per share

Total= ($12.20 x 5,000,000 shares)

Total = $61,000,000

Therefore When the issue is completely sold, the managing underwriter's fee will total:$12.20 per share for a total of $61,000,000

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3 years ago

The Haskins Company manufactures and sells radios. Each radio sells for $23.75 and the variable cost per unit is $16.25. Haskin'

dusya [7]

Answer:

Contribution margin per unit= $7.5

Explanation:

Giving the following information:

Each radio sells for $23.75 and the variable cost per unit is $16.25.

The contribution margin is the difference between the selling price and the unitary variable cost:

Contribution margin= selling price - unitary variable cost

Contribution margin= 23.75 - 16.25

Contribution margin= $7.5

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3 years ago

Discuss three of the following statements in a financial statement and report: A) Balance Sheet; B) Income Statement; C) Stateme

NeX [460]

Answer:

A) Balance Sheet: reports the assets, liabilities and shareholders' equity at a given point in time. Assets = Liabilities + Shareholders' equity

B) Income Statement: reports the profits or losses = total revenues - total costs, over a specific period of time

C) Statement of Retained Earnings: reports the changes in the retained earnings account during the accounting period, it shows how net income increases retained earnings and how dividends decrease it.

Explanation:

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3 years ago

The determination of whether one is an independent contractor may include the following considerations except: a. How the person

Tamiku [17]

Answer:

d. The determination of the principal.

Explanation:

An independent contractor is one who is not bound by any affiliations to either a company, a country or an ideology.

He is hired to do a specific work and based on his contract, paid after, before or during the work.

The determination of the principal in no way affects his work as he isn't bound to the company as an employee and is a free agent. He is a professional who is not slack in his work and works efficiently to earn his pay

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3 years ago

Read 2 more answers

When performing ________ of the marketplace, you might uncover key trends such as the growing popularity of personalized marketi

borishaifa [10]

<u>Environmental Scan</u> helps to uncover key trends in the marketplace.

<h3>What is an Environmental Scan?</h3>

This refers to the act of collecting information about an organization's internal and external environment with the purpose of helping management to take strategic decisions regarding the future of the entity or organization.

To collect such information, surveys are required.

See the link below for more about Environmental Scan:

brainly.com/question/5493365

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2 years ago