Answer:
Paying higher wages boost up employees to be more productive, as higher wages is considered as a source of motivation to the employees and they will improve their level of work and complete their task in an effective and efficient manner which leads to productivity at workplace. Hence, this automatically leads to timely completion of work at almost zero cost.
The reasons why some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor are as follows:
- Paying higher wages helps workers to be healthier in some developing countries.
- Higher wages attract a more competent pool of workers.
- Paying higher wages encourages workers to be more productive.
Answer:
$91,500
Explanation:
Given that cash collection pattern is as follows; month of sale, 75%; month following the month of sale, 20%; and a 2% discount for cash collections in the month of sale, it means that cash estimated for collection in December will include;
- 75% sales in December (net of the 2% discount to be given)
- 20% sales in November
Discount for December cash collection
= 2% * 75% * $100,000
= $1500
Hence, net cash estimated to be collected in December
= 75% * $100,000 + 20% * 90,000 - $1500
= $75,000 + $18,000 - $1500
= $91,500
Answer:
Staples used to bind magazines
Direct materials
Wages of printing machine employees
Direct Labor
Maintenance on printing machines
Factory Overhead
Paper used in the magazine
Direct Materials
Explanation:
The given answers above are correctly grouped based on Direct Materials, Factory Overhead, and Direct Labor.
The type of deed that is used is called GENERAL WARRANTY.
General warranty is used to transfer property title to a buyer; it contains full warranty of title whereby the seller assures the buyer that the property is free and clear of any other claim.
Answer:
Price floor.
Explanation:
Price floor is perfect fit in the scenario given. As price floor is the legal minimum price fixed by government to protect the right of labor or work force from getting expolited at lower price, which will not fulfill the basic need of labor. It vary according to the region or place, such as rural or urban, depending on the cost of living in the region. It help the economy to have growth with equity.