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Readme [11.4K]
3 years ago
10

In an effort to keep low-wage workers' salaries commensurate with the cost of living, a number of states have amended their cons

titutions to allow the minimum wage to be adjusted with inflation,
You are the accountant for a company that owns a chain of 12 fast food restaurants in a state which adjusts the minimum wage for inflation. Each restaurant employs 45 workers, each averaging 20
hours per week at the current federal minimum wage. $7.25 per hour.
(a) How many hours at minimum wage are paid out each week by the company?
(D) At the current rate of $7.25 per hour, what is the amount (in s) of the weekly minimum wage" portion of the restaurant's payroll?

(c) at the intration rate this year is calculate the adjusted minimum wage rate (in $ per hour) to be paid next year. (Round your answer to two decimal places.)


(d) How much in aditional wages will the company have to pay out next year at the adjusted rate (In $)? (Round your answer to the nearest dollar)
Business
1 answer:
trasher [3.6K]3 years ago
7 0

Answer:

choice a

Explanation:

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(D) is the same and output is lower than in the original long-run equilibrium.

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In the long term the prices are flexible. They adapt to the new situation of a decrease in the demand. This is consistent with with a lower output, consecuences of the decreasing in the demand.

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4 0
1 year ago
Diana likes Anakia, a tent-making company. When she saw the latest ad for its tents, she could recall how sturdy and easy to use
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i think it is D.Information overload

7 0
4 years ago
A registered publicly traded issuer has 10,000,000 shares outstanding. If a wealthy investor buys 6,000,000 shares and intends t
Harrizon [31]

Answer:

the investor must file a 13D report with the SEC.

Explanation:

Any investor that holds more than 5% of the outstanding stocks of a publicly traded corporation must file a 13D report. The investor is classified as a beneficial owner by the Securities and Exchange Commission (SEC) since their influence and voting power in the corporation are very large. It must be filed within 10 days of the transaction that resulted in more than 5% in the corporation.

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3 years ago
A manufacturer has a monthly fixed cost of $50,000 and a production cost of $7 for each unit produced. The product sells for $16
Oxana [17]

Answer:

The manufacturer will have a c. Loss

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed cost/(Selling price per unit-Variable cost per unit)  = $50,000/($16-$7) = $50,000/$9 = 5.556 units (rounding)

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3 years ago
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