Briefly explain 3 arguments for and 3 against a national minimum wage.

Which term describes the restoration of the insured person to the financial position he or she was in before the loss occurred?.

Ksivusya [100]

The term that describes the restoration of the insured person to the financial position that he or she was in before the loss occurred is called indemnity. This allows protection to the insurer in case of loss and damage and will protect against any legal quandry that may occur.

4 0

4 years ago

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From the following statements, select the one that describes the effect of dividends on equity.

Firdavs [7]

Answer: d) Dividends cause equity to decrease.

Explanation:

Dividends are payments to shareholders as a way of sharing the profit that the company made with its owners. Net profit is added to the Equity of company.

In other words, dividends cause equity to decrease because they are taken from Retained Earnings (net income) which are added to Equity. By reducing the amount of Retained earnings available therefore, dividends are reducing Equity.

4 0

3 years ago

Corey receives some utility from consuming a frozen dinner (an inferior good) but would much rather purchase healthier food (a n

Korolek [52]

Answer:

The effect that causes Corey's quantity demanded of a frozen dinner to increase is known as income effect

Explanation:

Income effect refers to the change in consumption pattern or in the amount of the good consumed as a result of changes in the consumer's utility and purchasing power. Income effect can be positive or negative.

Here, Corey derives some utility from consuming a frozen dinner (an inferior good). Therefore, as the price increases, the income effect will induce Corey (the consumer) to purchase more.

8 0

4 years ago

The Bijou Theater in Hermosa Beach, California, shows vintage movies. Customers arrive at the theater line at the rate of 100 pe

a_sh-v [17]

Answer:

Task a:

What is the average customer time in the system?

Answer: 30 seconds

Task b:

What would be the effect on customer time in the system of having a second ticket taker doing nothing, but validations and card punching, thereby cutting the average service time to 20 seconds?

Answer: 33.34 minutes

Task c:

Would system waiting time be less than you found in b if a second window was opened with each service doing all three tasks?

Answer: 16.67 minutes

Explanation:

Task a:

What is the average customer time in the system?

Solution:

Average customer time = 30 seconds per customer.

Total number of customers in an hour = 100.

Total time taken to attend customers = time per customer*total customers

= 30*100 = 3,000 seconds or 50 minutes.

So, 100 customers are attended in 50 minutes.

Average time = 50/100 = 0.5 minutes or 30 seconds

Task b:

What would be the effect on customer time in the system of having a second ticket taker doing nothing, but validations and card punching, thereby cutting the average service time to 20 seconds?

Solution:

If the average service time is reduced to 20 seconds, the customer time will reduce in the system.

For 100 customers, total time taken = 20*100 = 2,000 seconds or 33.34 minutes

Thus waiting time for the 100th customer has fallen from 50 minutes to 33.34 minutes.

Task c:

Would system waiting time be less than you found in b if a second window was opened with each service doing all three tasks?

Solution:

In this case, 100 customers will be divided into 1/3rd each i.e. 100/3 in each line.

So, waiting time for the 100/3th customer = 100/3*original time = 100/3*30 seconds = 1,000 seconds or 16.67 minutes.

Thus, within 16.67 minutes the line would be serviced.

Therefore, System waiting time will be less than as calculated in b.

3 0

4 years ago

Carlos has a small fashion company. He has been in business for a little over a year and the company looks like it is going to d

Vika [28.1K]

Answer: A.Venture capital firm

Explanation:

Carlos's company is a new business. One with growth potential and less than a year under it's belt and yet it has done some work with Calvin Klein. He now needs capital to continue the momentum and there is a specialized finance vehicle for people like him, Venture Capitalism.

Venture Capitalism refers to Venture Capital firms investing funds in growing or starting businesses. They have a high risk appetite which enables them to go into business with new firms. The key criteria is that there MUST be high Growth Potential.

Their strategy is simple, they invest in a new company in exchange of a certain amount of ownership of the business and then 4-6 years later exit the company when they are bought out.

Carlos's business is growing and has huge potential, if he doesn't mind sharing some of his ownership, Venture Capitalism is the best way to go.

4 0

3 years ago

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Briefly explain 3 arguments for and 3 against a national minimum wage.​

Briefly explain 3 arguments for and 3 against a national minimum wage.