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horrorfan [7]
3 years ago
7

Recently the government increased the minimum wage from $4,280 per week to $5,300 per week. The inflation rate during the same p

eriod was 9%. What is the impact on real wages ?
Business
1 answer:
andreev551 [17]3 years ago
6 0
4280 x 1.09 = real wage if constant from period x to period y. Let's call
this number Z.

Find the relationship between Z and the government's wage increase. If 5300 / Z < 1 then the total effect of wage increase/inflation's devaluation of real salary is negative. If the relationship is above one (5300/Z > 1) then the effect is positive for the workers.
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An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017 I
SSSSS [86.1K]

Answer:

<u>cost of goods manufactured schedule</u>

Raw Materials ($9,180 + $55,020 - $17,480)          $46,720

Direct Labor                                                               $51,740

Manufacturing overheads :

indirect labor                                                               $6,510

factory insurance                                                       $4,700

machinery depreciation                                            $4,380

machinery repairs                                                       $1,990

factory utilities                                                            $3,740

miscellaneous factory costs                                       $1,980

Add Opening Work In Process                                 $5,670

Less Closing Work In Process                                  ($7,610)

Cost of goods manufactured                                 $119,800

Explanation:

Cost of goods manufactured schedule shows a summary of results (cost) obtained  from manufacturing activity during the production period.

7 0
2 years ago
In many of the examples of specialization and trade it sometimes seems that one country is?
Y_Kistochka [10]

In many of the examples of specialization and trade it sometimes seems that one country is?

It is getting favored more ideal arrangement over another, but we have near the no experience with the overall thriving created by the trade or prosperity produced by the exchange.

Specialization is a technique for creation by which an element centre around the development of a restricted extent of merchandise to acquire a more prominent level of effectiveness. Numerous nations, for instance, spend significant time in creating the labor and products that are local to their region of the planet, and they exchange them for different labor and products.

To learn more about specialization enable countries to trade with one to another country

brainly.com/question/7298572

#SPJ4

6 0
1 year ago
2. Liquidity Consider the relative liquidity of the following assets: Assets 1. The funds in a savings account 2. A bond issued
Alina [70]

Answer:

The answer is,

Asset

Most Liquid :  $5 bill

Second-Most Liquid : The funds in a savings account

Third-Most Liquid :  A bond issued by a publicly traded company

Least Liquid : Your house

The liquidity simply measures the ability to turn in to cash in a relatively short period of time. Cash at hand is the most liquid while property and other movable and immovable assets tends to be a bit difficult to be turned into cash quickly.

Explanation:

6 0
3 years ago
The best way to ensure the accuracy and safety of your accounts is to:
Elden [556K]
The best way to ensure the accuracy and safety of your accounts is to : monitor your online accounts regularly
You can never now if somehow your connection is monitored and compromised. Checking your accounts regularly will help you to be prepared for unexpected occurrences

hope this helps
7 0
3 years ago
A rich donor gives a hospital $100,000 one year from today. Each year after that, the hospital will receive a payment 5% larger
wariber [46]

Answer:

D) $779,843.27

Explanation:

The present value of this donation = Donation in Year 1/(1+ discount rate)^9 + Donation in Year 2/(1+ discount rate)^8 + ….. + Donation in Year 2/(1+ discount rate)^1

= $100,000/(1+9%) + $100,000*(1+5%)/(1+9%)^2 +$100,000*(1+5%)^2/(1+9%)^3…. +$100,000*(1+5%)^9/(1+9%)^10 = $779,843.27

Or we can easily input in excel and generate NPV as file attached; in which the formula is NPV(discount rate, cash inflow year 1 : cash inflow year 10) = (9%, 100000,100000*(1+5%)….,100000*(1+5%)^9) = $779,843.27

Download xlsx
5 0
3 years ago
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