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3 years ago

1. Define "Minimum wage", and tell me what the current minimum wage is today.

Business

1 answer:

torisob [31]3 years ago

7 0

<u>A minimum wage is the lowest remuneration that employers can legally pay their workers the price floor below which workers may not sell their labor.</u>

*Put that in your own words though

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When price of a product increases, what does the law of supply state will happen to quantity supplied?.

VashaNatasha [74]

Answer:

Explanation:

do your best

7 0

2 years ago

Elon Musk is the product architect who developed the famous Tesla electric car. This car is one of several ideas and businesses

snow_tiger [21]

Answer:

The correct answer is innovative.

Explanation:

In business terms, innovation is something that is not often seen, since many for fear of risk and investment do not dare to generate new things. The comfort of continuing with what is already established is the enemy of innovation. But this attitude of facing business also has complications, since the lack of innovation and risk can end a company.

5 0

3 years ago

The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previou

Sati [7]

Answer:

1. Previous Year = $1,820,000, Current Year = $2,550,000

2. Previous Year = 3.80 times , Current Year = 4.40 times

3. Previous Year = 2.70 times, Current Year = 3.00 times

Explanation:

working capital = current assets - current liabilities

working capital (Previous Year) = $2,470,000 - $650,000

= $1,820,000

working capital (Previous Year) = $3,300,000 - $750,000

= $2,550,000

Current ratio = current assets ÷ current liabilities

working capital (Previous Year) = $2,470,000 ÷ $650,000

= 3.80 times

working capital (Previous Year) = $3,300,000 ÷ $750,000

= 4.40 times

Quick ratio = (current assets - inventory) ÷ current liabilities

working capital (Previous Year) = ($2,470,000 - 674,100) ÷ $650,000

= 2.70 times

working capital (Previous Year) = ($3,300,000 - 1,039,500) ÷ $750,000

= 3.00 times

4 0

3 years ago

Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of

mrs_skeptik [129]

Answer:

Please see attached solution

Explanation:

a. Total manufacturing overhead costs allocated $356,400

b. Variable manufacturing overhead spending variance $40,500U

c. Fixed manufacturing overhead spending variance $17,600U

d. Variable manufacturing overhead efficiency variance $19,500F

e. Production volume variance $39,200F

Please find attached detailed solution to the above questions

5 0

4 years ago

The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of:_____

OlgaM077 [116]

The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality. In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.

According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.

#SPJ4

3 0

2 years ago