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sp2606 [1]
2 years ago
6

The minimum wage in 2008 was $6.55 cents until july 2008 when it was raised to $7.25. if the minimum wage in june was below the

equilibrium wage and the increased wage in july was above the equilibrium wage, then the deadweight loss was greater in june than in july. firms' producer surplus was greater in june than in july. employment of low-skilled workers increased in july. unemployment was unaffected by the increase.
Business
1 answer:
eimsori [14]2 years ago
7 0
<span>The answer in the blank is that employment of low-skilled workers increased in July. This is because the rate of the minimum wage increased by July compared to that of June. So there will be more employment process due to the increase of the salary, because more skilled workers wants to grab the opportunity of the increased salary.</span>
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Lindon Company is the exclusive distributor for an automotive product that sells for $44.00 per unit and has a CM ratio of 30%.
vlada-n [284]

Answer:

1. $30,80

2. 21,500 units and $946,000

3. 33,000 units and $1,452,000

4. 16,125 units and $709,500 , $1,089,000

Explanation:

<u>The variable expenses per unit</u>

First determine the variable expenses ratio

Variable expenses ratio = 1 - CM ratio

                                        = 1-0.30

                                        = 0.70

Variable expenses per unit = $44.00 ×0.70

                                             = $30,80

<u>Break-even point in unit sales and in dollar sales</u>

break-even point in unit sales  = Fixed Costs / Contribution per Unit

                                                   = $283,800/ ($44.00×30%)

                                                   = $283,800/$13.20

                                                   = 21,500

break-even point in in dollar sales = Fixed Costs / Contribution Margin Ratio

                                                         = $283,800/0.30

                                                         = $946,000

<u>Amount of unit sales and dollar sales is required to attain a target profit of $151,800 per year</u>

Target Sales (Unit Sales) = Fixed Costs + Target Profit / Contribution per Unit

                                          = ($283,800 + $151,800) / $13.20

                                          = 33,000

Target Sales (Dollar Sales) = Fixed Costs + Target Profit / Contribution Margin Ratio

                                           = ($283,800 + $151,800) / 0.30

                                           = $1,452,000

<u>the company’s new break-even point in unit sales and in dollar sales</u>

break-even point in unit sales  = Fixed Costs / Contribution per Unit

                                                   = $283,800/ ($44.00-$30,80+$4.40)

                                                   = $283,800/$17,60

                                                   = 16,125

break-even point in in dollar sales = Fixed Costs / Contribution Margin Ratio

                                                         = $283,800/($17,60/$44.00)

                                                         = $283,800/0.40

                                                         = $709,500

<u>dollar sales is required to attain a target profit of $151,800</u>

Target Sales (Dollar Sales) = Fixed Costs + Target Profit / Contribution Margin Ratio

                                           = ($283,800 + $151,800) / 0.40

                                           = $1,089,000

7 0
2 years ago
Read 2 more answers
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch
KengaRu [80]

Answer:

initial investment $100,000

useful life 15 years

cash flow per year = -$2,000 + $12,000 = $10,000

discount rate 5%

discounted cash flow:

1                $10,000/1.05 = $9,524

2               $10,000/1.05² = $9,070

3               $10,000/1.05³ = $8,638

4               $10,000/1.05⁴ = $8,227

5               $10,000/1.05⁵ = $7,835

6               $10,000/1.05⁶ = $7,462

7               $10,000/1.05⁷ = $7,101

8               $10,000/1.05⁸ = $6,768

9               $10,000/1.05⁹ = $6,446

10              $10,000/1.05¹⁰ = $6,139

11               $10,000/1.05¹¹ = $5,847

12              $10,000/1.05¹² = $5,568

13              $10,000/1.05¹³ = $5,303

14              $10,000/1.05¹⁴ = $5,051

15              $10,000/1.05¹⁵ = $4,810

A) discounted pay back period = 14.2 years

B) if the decision rule is a discounted payback period of 3 years, then the project should be rejected

C) the decision rule should be the NPV, which is actually positive since the DPBP is less than 15 years. Only companies that fear premature obsolescence should base their decision on the pay back period. Since this is an electronics company, it is sound to use the pay back period as a decision parameter besides the NPV.

6 0
3 years ago
Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $90,10
lapo4ka [179]

Answer:

b. $127,200

Explanation:

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

As such, the total fixed cost of the corporation not traceable to the individual divisions

= $168,500 + $48,800 - $90,100

= $127,200

3 0
3 years ago
The _____________ define(s) what the system does.
labwork [276]
1.A.The mission of the System
2.C.Losses
3.B.Operational Characteristics
6 0
2 years ago
Different between internal stakeholder and external stakeholder
Delicious77 [7]

Internal stakeholders are entities within a business (eg. employees, managers, the board of directors, investors). External stakeholders are entities not within a business itself but who are about or are affected by its performance. (eg. consumers, regulators, investors, suppliers)

8 0
3 years ago
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