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3 years ago

Which of the following affects the wage a firm is willing to pay its workers?

Business

1 answer:

Alborosie3 years ago

3 0

Answer: E. . All of the above affect the wage a firm is willing to pay its workers

Explanation:

The wage a firm is willing to pay its workers is affected by:

• The productivity of workers.

• Consumer demand for the goods and/or services that the firm creates.

• The amount of fringe benefits the firm is required by law to pay.

• The level of payroll taxes the firm must pay.

It should be noted that when there's increase in productivity and rise in demand for a good by consumers, companies will be willing to pay more for their workers.

Likewise a decrease in tax and fringe benefits affects companies paying ability.

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Select the best definition of labor productivity:

dimulka [17.4K]

<span>Labor productivity is the ability to earn the highest amount of profit for a company for an employees time. Such as a chef, cooking 10 meals in an hour will bring in 100 dollars for those 10 meals and only gets paid 10 dollars. His labor productivity is earning the company 90 dollars for his time.</span>

8 0

3 years ago

If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year, Find the amount in the bank after 14 y

Harlamova29_29 [7]

Answer:

1. Interest compounded annually = $18,049.74

2. Interest compounded quarterly = $18,493.77

3. Interest compounded Monthly = $18,598.16

4. Interest compounded continuously = $18,651.19

Explanation:

First let me state the formula for compound interest:

The future value of a certain amount which is compounded is the total amount (Principal + interest) on the amount of money, after compound interests have been applied, and this is shown below:

FV = PV $(1+\frac{r}{n} )^{n*t}$

where:

FV = Future value

PV = Present value = $7,000

r = interest rate in decimal = 0.07

n = number of compounding periods per year

t = compounding period in years = 14

For interests compounded continuously, the Future value is given as:

FV = PV × $e^{r*t}$

where

$e$ is a mathematical constant which is = 2.7183

Now to calculate each on the compounding periods one after the other:

1. Interest compounded annually:

here n (number of compounding periods annually) = 1

Therefore,

FV = 7,000 × $(1+\frac{0.07}{1})^{14}$

FV = 7,000 × $1.07^{14}$ = $18,049.74

2. Interest compounded quarterly:

here, n = 3 ( there are 4 quarters in a year)

FV = 7,000 × $(1+\frac{0.07}{4} )^{4*14}$

FV = 7,000 × $1.0175^{56}$ = $18,493.77

3. Interest compounded Monthly:

here n = 12 ( 12 months in a year)

FV = 7,000 × $(1+\frac{0.07}{12} )^{12*14}$

FV = 7,000 × $1.005833^{168}$ = $18,598.16

4. Interests compounded continuously:

FV = PV × $e^{0.07 * 14}$

FV = 7,000 × 2.66446 = $18,651.19

3 0

3 years ago

Who are the internal and X ternal users of accounting information

dezoksy [38]

Answer and Explanation:

The internal and the external users or parties of accounting information are as follows

Internal users: These are the users who are belonged from the company i.e. shown below:

1. Owners

2. Managers

3.Employyes

External users: These are the persons who are outsiders such as

1. Suppliers

2. Customers

3. Tax authorities etc

3 0

3 years ago

Darth Company sells three products. Sales and contribution margin ratios for the three products follow:

lukranit [14]

Answer:

C. 31.25%.

Explanation:

PRODUCTS X Y Z Total

Sales in dollars $20,000 $40,000 $100,000 $160,000

CM ratio 45% 40% 25%

Contribution margin ratio can be calculated by weighted average method base on the sales ratio of each product.

Contribution margin as a whole = ( CM ratio of X x Ratio of X in total sales ) + ( CM ratio of Y x Ratio of Y in total sales ) + ( CM ratio of Z x Ratio of Z in total sales )

Contribution margin as a whole = ( 45% x $20,000 / $160,000 ) + ( 40% x $40,000 / $160,000 ) + ( 25% x $100,000 / $160,000 )

Contribution margin as a whole = 5.625% + 10% + 15.625% = 31.25%

6 0

3 years ago

Bond investors will experience capital gains when Group of answer choices market interest rates are high and falling. market int

solong [7]

Answer:

A) market interest rates are high and falling

Explanation:

Bonds and interest rates have an indirect relationship. When interest rates rise, bond prices tend to fall.

Bonds pay interests on a fixed rate. When market interest rates are rising, investors will prefer investing in other options due their high return as opposed to the fixed returns from bonds. Bonds become less attractive, leading to a decline in prices.

Buying Bonds when the interests are rising means buying at a cheaper rate. When interest rates start falling, bond prices will rise again due to their inverse relationship.

Capital gains occur when an investment is bought at a lower price and sold at a higher price. Buying bonds when interests rate is high and selling when interests are low will lead to capital gains.

3 0

3 years ago