Answer:
c. Minimum "price" that is above equilibrium price
Explanation:
if the minimum wages is below equilibrium then it will be ineffective as there wasn't any agent willing to trade his labor at this rate.
The minimum wages must be placed above equilibrium to be effective. This will force both, laborers who were willing to work for less and employees whose intention were to pay less than minimum to trade at minimum wage.
Answer:
No entry required
However, the balance sheet must be adjusted to represent both, the 4,000,000 inventory and the 4,000,000 accounts payable
Explanation:
As the account involved:
Inventory and accounts payable are permanent account do not alter the net income for the year ended December 31th 2020.
Also as no cash is involve the cash statement is not affected too.
This delay on recording generate no problem for the accounting.
Answer:
A) are required to take some action to investigate the complaint.
B) can be held liable in tort for their inaction.
Explanation:
Title VII of the Civil Rights Act of 1964 prohibits discrimination in any aspect of employment, e.g. race, color, gender, religion, etc.
Title VII states that sexual harassment is a form of discrimination.
Sexual harassment happens when, including but not limited to the following:
-
The victim as well as the harasser may be a woman or a man, they don't have to be of the opposite sex.
- Any member of the organization may be a harasser, e.g. victim's supervisor, a co-worker, etc.
- A person doesn't need to be specifically harassed but can be anyone affected by the offensive conduct.
- Sexual harassment may occur without economic treat or damage to the victim.
- The offensive conduct must not be welcomed nor reciprocate.
Answer:
B. in both industry structures, the firm's demand curve is downward sloping.
Explanation:
Both firm types have a downward sloping demand curve which indicates that as price is increased, quantity demanded falls.
Monopolistic competition have no barriers to entry while a monopoly does.
Monopolistic competition have many sellers while a monopoly has one seller.
Monopolistic competition break even in the long run while monopoly maintain super normal profits in the long run
Answer: Description, Date, and Amount.
