All categories

3 years ago

Minimum wage started at 25 cents per hour in 1938 and has risen

Business

1 answer:

harina [27]3 years ago

8 0

They can simply ask their boss for a raise or just wait it out and soon enough you’ll get a raise.

You might be interested in

A $20,000, 90-day, 8% note payable was issued on November 1, 2015. Using a 360-day year, what is the amount of accrued interest

Elden [556K]

Answer:

$267

Explanation:

Calculation for the amount of accrued interest on December 31, 2015

Accrued interest=20,000 x 8% x 60 days/360 days

Accrued interest= $267

Note that November 1, 2015 to December 31, 2015 will gives us 60 days while 360 days represent the number of days in a year

Therefore the amount of accrued interest on December 31, 2015 will be $267

6 0

3 years ago

A major reason why many hr managers struggle to add value to their firm is that they:

Keith_Richards [23]

Hey there,

Answer:

Lack of business acumen in addition to strategic talents.

Hope this helps :D

~Top♥

8 0

3 years ago

What is a conglomerate? a large corporation that produces and sells its goods and services throughout the world the combination

miskamm [114]

Answer:

A conglomerate is a business combination merging more than three businesses that make unrelated products.

Explanation:

A conglomerate is a group of companies with different activities. This business concept spread to Europe from the United States after World War II. The benefits were considered to increase the company's long-term profitability by spreading risk to various business areas.

However, conglomeration often led to an increase in administrative costs. Furthermore, the conglomerate's management rarely had the competence to handle a number of companies in different industries. The conglomerates that were listed on the stock exchange were regularly valued lower than the total market value of the subsidiaries, indicating that the stock market did not believe in the very idea of creating such corporate groups. The risk diversification that the conglomerate was aiming for could equally well be achieved by the individual investor in his own equity portfolio. Therefore, since the 1970s, many conglomerates have split up, and most companies have instead focused on creating competitive advantages through their core business.

6 0

4 years ago

Read 2 more answers

A bank's decision to give a customer a mortgage is an example of an unstructured decision.

aleksley [76]

False. A bank's decision to give a customer a mortgage is an example of an unstructured decision. Unstructured decisions are decided upon after reading up on current models, statistics and knowledge to help find the answer. These decisions are straight forward and to the point, there is no thinking long-term on them.

7 0

3 years ago

After year 3, free cash flows are expected to grow at a constant 5% a year indefinitely. The discount rate is 10%. The firm has

11111nata11111 [884]

Answer:

The price of the stock = $26.69

Explanation:

Missing question at inception is as follows "A firm expects the following free cash flows: Year 1: $10 million, Year 2: $12 million, Year 3: $15 million"

Year Cash-flows"million D. rate at 10% Discounted cash flows

1 10 0.9091 9.0910

2 12 0.8264 9.9168

3 15 0.7513 11.2695

4 315 0. 7513 236.6595

Total $266.9368

The price of the stock = Total Present value of cash flows / Number of Shares outstanding

The price of the stock = $266,936,800 / 10,000,000 shares

The price of the stock = $26.69368

The price of the stock = $26.69

Thus, the price of the stock is $26.69 per share

Note:

Present value of future cash flows at year 3 = 15*(1.05/10%-5%) = 15*(1.05/5%) = 15 * 21 = $315 million

Discount rate for each year = 1/(1+r)^1 = 1/(1+0.10)^1 = 1/1.10 = 0.90909

6 0

3 years ago