1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuki888 [10]
2 years ago
9

How did the minimum wage change in october 1996? what other change occurred in september 1997?

Business
1 answer:
grigory [225]2 years ago
3 0
It was the declared on October 1996 to have at least a minimum wage of $4.75 per hour. A year and a month after, it was increased to $5.15 per hour.
You might be interested in
Workers in contributing to the common good is
Katarina [22]
A worker's success in contributing to the common good is determined by how well one does his or her job. One way is to pay tax contributions properly. Another way is to be proactive and open-minded with regards to work. Lastly, they must also know how to motivate others.
4 0
3 years ago
In a retail cash sales environment, which of the following controls is often absent?
JulijaS [17]

Answer:

The correct answer to the following question is option b) Separation of functions.

Explanation:

In a retail environment , the cash management process starts when a customer pays the cashier for the product or services he or she has purchased. The cashier then counts the cash in till drawer and then at end of the day cashier takes that cash to the third party who can be either manager or owner or a supervisor. Then cashier would receive a receipt against the cash for till drawer.

Now supervisor would collect cash from all the cashier and prepare the cash to be deposited in bank. So from this process it is quite clear that here there is separation of functions here and while all other options given in the question are present in the process.

6 0
3 years ago
1 . Perpetuities Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpe
Dmitrij [34]

Answer:

(A) A perpetuity is a stream of regularly timed, equal cash flows that continues forever

(B) The value of a perpetuity is equal to the sum of the present value of its expected future cash flows

the bank offers 1.6%

in the alternative scenario it offers 1.067%

Explanation:

(A) A perpetuity is a stream of regularly timed, equal cash flows that continues forever

The perpetuity is an annuity in which time tends to infinity, to be qualified as an annuity the cash payment must be regular.

(B) The value of a perpetuity is equal to the sum of the present value of its expected future cash flows

As state above the perpetuinty is an annuity, the annuities return the present value of the expcted future cash flow.

Given the annuity formula

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

if times tends to infinity then the expression:

\lim_{n \to \infty} (1+r)^{-n} = 1

Nexti n the annuity formula we got:

C \times \frac{1-1 }{rate}= PV\\

So we end up with C / rate = PV

which s the perpetuity formula

800/50000 = 0.016       = 1.6%

800/75000 = 0.0106667 = 1.067%

7 0
3 years ago
A primary disadvantage of the corporate form of organization is:
yaroslaw [1]

Answer:

Corporate earnings are subject to double taxation.

Explanation:

A corporation can be defined as a business that is owned by its shareholders. These various shareholders have the responsibility of putting in place board of directors to supervise the daily activities of the organization.

The ownership of a corporation by shareholders is fully represented by their shares of stock.

Corporate form of business organization assures the owners of their personal asset protection. Various organisations operating in a corporate form find it easier to borrow money, this provides a wide opportunity for the growth of the company.

4 0
3 years ago
What journal should a company uses to capture cash transactions?
alexira [117]
I think it is (The Cash<span> Payments </span><span>Journal)  

</span>
7 0
3 years ago
Other questions:
  • Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing reports for each salesperson, p
    11·1 answer
  • The main provision of the Occupational Safety and Health Act states that each employer should furnish each employee a place of e
    9·1 answer
  • Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange goods and service
    14·1 answer
  • What is expansionary policy used for?
    7·1 answer
  • Which of the following is a type of savings vehicle?
    14·2 answers
  • Companies operating in a highly automated environment that produce many different products with varying levels of production sho
    9·1 answer
  • A company owns a 5-year old turret lathe that has a book value of $20,000. The present market value of the lathe is $16,000. A n
    9·1 answer
  • A specific product has demand during lead time of 100 units, with a standard deviation of 25 units. What safety stock (approxima
    8·1 answer
  • Which of the following is NOT a part of personal financial planning?
    10·1 answer
  • 6. When as asset, such as a car, decreases in value over time what is it called?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!