1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Based on the three documents you analyzed, write a detailed paragraph to answer the following question: How did the Islamic Empi
soldi70 [24.7K]

Answer and explanation:

<u>Introduction </u>

First of all, when talking about the Islamic Empire, it's necessary to go back to the birth of Islam in the year 610 CE, geographically locating ourselves in Mecca, where Saudi Arabia is located nowadays. The Islam was born by the hand of Muhammed, after his many territorial conquests.

Subsequent to his death, the so-called golden age of Islam began, and shortly after its expansion took place.

(Document A, provided by the website "Ducksters" on its history category. https://www.ducksters.com/history/islam/ )

<u>Expansion</u>  

The expanse of the Islamic Empire happened during the middle age and turned into one of the largest empires to ever exist, rapidly conqueering both Palestine and Mesopotamia territory. By the year 640, Alexandria was a major target and Islamic army took about two years in order to win this territory. Finally, after these lands had been successfully occupied, it was the turn of Northern Africa.

(Document A, provided by the website "Ducksters" on its history category. https://www.ducksters.com/history/islam/

Document B, provided by the website "Khanacademy". https://www.khanacademy.org/humanities/world-history/medieval-times/spread-of-islam/a/the-rise-of-islamic-empires-and-states)

8 0
3 years ago
Oil Well Supply offers 7.5 percent coupon bonds with semiannual payments and a yield to maturity of 7.68 percent. The bonds matu
galina1969 [7]

Answer:

$991.47

Explanation:

We use the present value formula in this question that is shown on the attachment below:

Given that,  

Future value = $1,000

Rate of interest = 7.68%  ÷ 2 = 3.84%

NPER = 6 years × 2 = 12 years

PMT = $1,000 × 7.5% ÷ 2  = $37.5

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the market price per bond is $991.47

5 0
3 years ago
If the sole proprietorship acquires a legal business name, the owner then has limited liability. Group of answer choices True Fa
weqwewe [10]

Answer:

False

Explanation:

The characteristics of a sole proprietorship are as stated below;

  • Sole proprietorship is the simplest and easiest form of business setups
  • The personal responsibility of the owner are unlimited.
  • The business is owned by one person
  • The business is taxed based on the personal income of the owner

From these characteristics, if the sole proprietorship acquires a legal business name, the owner then has unlimited liability.

4 0
3 years ago
What type of transportation is used for mass movement of bulk cargo in the Philippines considering that it is an archipelago.
vichka [17]

Answer:

It is a container ship because Philippines is an archipelago which means it is surrounded by water and a container ship is the only way to transport bulk cargo in and out of Philippines.

4 0
2 years ago
A few years ago the British government was considering​ retiring, or buying back from​ investors, some outstanding consols that
inna [77]

Answer:

a coupon bond that pays a fixed coupon rate and does not mature

Explanation:

3 0
3 years ago
Other questions:
  • Maritz research's new vehicle customer study includes data collected over several years, and in recent years it has studied hybr
    10·1 answer
  • The Nelson Company manufactures a unit called X. Variable manufacturing costs per unit of X are as follows: Direct materials $1
    10·1 answer
  • Gayle is talking with her insurance broker and is comparing prices with the broker, who shows her that Company A can sell her in
    13·1 answer
  • The balance sheet is composed of the following types of accounts:
    8·1 answer
  • Human services can best be defined or described as _____.
    6·1 answer
  • What if the increase in demand were smaller than the increase in​ supply?
    7·1 answer
  • onghorn Fabricators Inc. plans to expand its metals-forming facility over the next 5 years. The company will add 20,000 square f
    12·1 answer
  • What is budgetary control?
    13·2 answers
  • Doe, Inc. purchased a bulldozer at a cost of $300,000. The bulldozer has an estimated residual value of $20,000 and an estimated
    9·1 answer
  • the typical annual customer turnover rate for factors that are absolutely out of your control is , making regular marketing effo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!