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3 years ago

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

1 answer:

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.

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You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the

SpyIntel [72]

The question is incomplete. The complete question is :

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.

Regular withdrawal $ 2200

Interest rate 2%

Frequency Monthly

Time 20 years

Solution :

Given :

Monthly withdrawal = $ 2200

Interest rate = 2%

Frequency = monthly

Time = 20 years

= 20 x 12 = 240 months

Formula used :

$w=\frac{[PZ^{r-1}(Z-1)]}{[Z^Y-1]}$ with Z = 1 + r

where, w = monthly withdrawal

P = principal amount

r = monthly interest rate

Y = Number of months

So, w = 2200

r = 2% = 0.02

Z = 1 + r

= 1 + 0.02 = 1.02

Y = 240

Therefore,

$2200=\frac{P(1.02)^{240-1}(1.02-1)}{(1.02)^{240-1}(1.02-1)}$

$P=\frac{2200(115.888-1)}{113.6164(0.02)}$

= 111,231829

≈ 111,232 (rounding off)

Thus, the account balance = $ 111,232

3 0

3 years ago

A professor wanted to compare two types of teaching styles. One type is by tutorials and the other is giving a lecture. It is a

Damm [24]

Answer:

The following are the answer to this question:

Explanation:

In the given question the correct choice is missing, that can be defined as follows:

In option A, It uses the development of matched-pairs.

In option B, In the score ranking, it uses the test score for both the test.

In option C, This type of variable is the form of presentation, which allows you a treatment, which consists of lectures thru lectures as well as a presentation offering a lesson.

In option D, The answer is students.

In option E, It is used to eradicate prejudice concerning which communication demonstration was first used.

8 0

3 years ago

Recent surveys indicate that more than half of employees are dissatisfied with their jobs.

Shalnov [3]

Answer: True

Explanation:

This is true. In a recent survey that was carried out, which was titled the Effing Problem; it was stated that more that half of the workers in the United States were not happy with the jobs they currently have and that about forty percent will like to change the job that they are currently doing if they are given the opportunity.

People find it easy not to change jobs due to the fact that the economy is struggling and a job market that's also struggling. Therefore, people stay in their current jobs even if they are dissatisfied because they'll rather stay than stay jobless.

4 0

3 years ago

Assume initial full employment at W1 and N1. How might a technological change that increased productivity influence the labor ma

qwelly [4]

Technology will replace the workers and the new equilibrium will be at N2'.

Answer: Option 3.

<u>Explanation:</u>

Equilibrium in a perfectly competitive labor market happens when the supply of labor is equal to the demand of labor. As market compensation decline beneath the harmony rate, the interest for work is more noteworthy than the stock, making a deficiency of laborers.

The labor market is in balance when supply approaches request; E* laborers are utilized at a compensation of w*. In harmony, all people who are searching for work at the going compensation can get a new line of work. The triangle P gives the maker excess; the triangle Q gives the specialist overflow.

3 0

3 years ago

Portions of the financial statements for Software Associates are provided below. SOFTWARE ASSOCIATES Income Statement For the ye

charle [14.2K]

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $78,000

Adjustment made:

Add : Depreciation expense $33,000

Add: Decrease in accounts receivable $10,000

Add: Decrease in inventory $13,000

Add: Increase in accounts payable $7,000

Less: Decrease in salaries payable -$4,000

Add: Increase in income tax payable $8,000

Less: Increase in prepaid rent -$3,000

Total of Adjustments $64,000

Net Cash flow from Operating activities $142,000

7 0

3 years ago