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poizon [28]
3 years ago
10

If a baker notifies you that he will not deliver the bread for your restaurant. You must try to find bread even if it costs more

money, or your damages may be reduced or denied in a lawsuit.
A. True
B. False
Business
1 answer:
IgorLugansk [536]3 years ago
6 0

Answer:

true

Explanation:

i think sksssßkejjejdnd

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Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 worker
Triss [41]

Answer:

d. the quantity demanded for the market will increase to less than 30,000 workers.

Explanation:

Missing options:

  • a. the quantity demanded for the market will increase to 30,000 workers.
  • b. the quantity demanded for the market will increase to more than 30,000 workers.
  • c. the quantity demanded for the market will increase, but we can't tell which of the above answers is correct.
  • d. the quantity demanded for the market will increase to less than 30,000 workers.

maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.

6 0
3 years ago
In reviewing the accounts receivable, the cash realizable value is $16,000 before the write-off of a $1,500 account. what is the
iren2701 [21]

The cash realizable value is the sum of cash you look forward to get from your accounts receivable after deducting the uncollectable amount. To compute for the cash realizable value, deduct the uncollectable amount from your gross accounts receivable. But since there is no uncollectable amount, the cash realizable value is $16,000.

7 0
3 years ago
Which statement describes the effect of taxes on a traditional 401(k) retirement account?
Inga [223]

Answer:

C.

A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.

Explanation:

There are two types of 401 k plans: traditional 401k and Roth 401k plans. The difference is the way there are taxed.

The traditional 401k plan is an employer-sponsored retirement scheme.  The employer withholds the employee contributions and remits the funds to the employee's 401k savings account. The amount deducted as the employee contribution is not subject to taxation at that point. Contributions to 401k plans reduce the employee's taxable income.

The amounts saved in a 401k plan are invested and generate income. Employees are not expected to pay taxes on the income generated every financial period. All taxes are deferred until the time of withdrawal.

3 0
3 years ago
Read 2 more answers
Wizard Corp. needs to take out a one-year bank loan of $600,000 and has been offered loan terms by two different banks. One bank
Paladinen [302]

Answer: a. $53500

b. A. The loan officer should offer the company an add-on interest loan because there is a high risk that the company will not be able to repay the principal on the loan at the end of the project's life.

Explanation:

a. Based on a 360-day year, the monthly payment for each loan for November will be:

Principal = $600,000

Interest rate = 10%

Simple interest = (P×R×T)/100

= (600000 × 10× 1) /100

= $60000

The simple interest per month which will also be thesame for Novemeber will be:

= 60000/12

= $5000

Since add on interest is 7%, then the interest will be:

= 7% × $600,000

= 0.07 × $600,000

= $42000

Therefore, the interest for month of November will be:

=(600000 +42000)/12

= $642000 / 12

= $53500

b. The answer that best evaluates the statement given is option B. It should be noted that since it's a startup company, there may be challenges in repaying the loan. Therefore, the best scenario will be that the loan should be given on add on interest basis.

4 0
3 years ago
An example of financial irresponsibility is _____. driving without car insurance organizing financial documents paying bills on
sertanlavr [38]
The correct answer is Driving without car insurance

That is irresponsible because it would take away a large chunk of your money should anything happen to your car.

When it comes to the second question, he should definitely find reliable and relevant information. Such information can be found in a bank and professionals working there can help him with his needs.
8 0
3 years ago
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