Answer:
c) As the wage rises, most workers are willing to work more hours.
Explanation:
Option “C” is correct because there is a direct relationship between the wage rate and the labor hours. If the wages increase then more people or labor are willing to work for more hours. If the wage falls then this fall in wage results in the fall in labor hours because more people will be less willing to work at a lower wage rate. Therefore this direct relationship between the wage rate and the number of labor results in an upward-sloping labor supply curve.
Answer: $41,421.6 will be withheld during the year for the coach's Social Security and Medicare
Explanation:
Given that,
yearly salary of Mike = 24,00,000
So,
withheld amount for mike's Social Security and Medicare in a year = 6.2% of maximum base amount + 1.45% of his annual salary
= +
= 6621.6+34800
= $41,421.6 (approx.)
Answer:
They were not allowed in advance of this investigation
Answer
The demand for land will increase. and the price of land will increase.
Accounts receivable turnover = 10
Annual credit sales = $900,000
Average collection period = ?
Average collection period = 365 / Accounts receivable turnover rate
As Account receivable turnover rate is 10, so we divide 365 by 10
= 365/10 = 36.50 days
it means, 36.50 days is the average collection period.