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Paraphin [41]
3 years ago
14

Whether the minimum wage is a binding price floor always depends upon whether the economy is in a recession. a. True b. False

Business
1 answer:
murzikaleks [220]3 years ago
6 0

Answer:

false

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price

A country is in a recession when the GDP for 2 consecutive quarters is negative.

A binding price floor depends if it is above or below equilibrium

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Adi Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: Septembe
Arte-miy333 [17]

Answer:

$ 896,000.00

Explanation:

September $800,000

October $920,000

November $840,000

December $760,000

Payments for November:

30percent purchase for November: = 30/100 x $ 840,000.00

        = $ 252,000.00

70 percent payment for the  previous  month

        =70/100 x $ 920,000.00

        = 644,000.00

Total payments = $ 252,000 + $ 644,000.00

   =$ 896,000.00

4 0
3 years ago
In most cases, markets are considered more efficent and better off when monopolies are broken up. Why is it hard for governments
Alexus [3.1K]

Answer:

In simple words, it is hard for governments to break he monopolies as generally as these entities are generally protected by some kind of legal or social convention. A monopoly of an entity that has strategic importance for the nation could be harmful in long run. Also if an individual owns a monopoly due to some patent right etc. then breaking that up will be seen as social injustice.

6 0
3 years ago
A risk management assessment is a systematic and methodical evaluation of the security posture of the enterprise.
Korolek [52]

Answer: false

Explanation:

Vulnerability assessment is defined as the systematic and methodical evaluation of security posture of the enterprise. It is used to expose the assets to the things that can harm them.

The steps that are involved in vulnerability assessment are the identification of asset, threat evaluation, the vulnerability appraisal, the risk assessment and finally the risk mitigation.

Therefore, the question is false

3 0
3 years ago
The payroll register for D. Salah Company for the week ended May 18 indicated the following:
Tema [17]

Answer:

a. May 18

Dr Salaries expense $615000

Cr Social security tax payable $36900

Cr Medicare tax payable $9225

Cr Employment federal income tax payable $165000

Cr Salaries payable $403875

b. May 18

Dr Payroll tax expenses $48915

Cr Social security tax payable $36900

Cr Medicare tax payable $9225

Cr State unemployment taxes payable $2430

Cr Federal unemployment taxes payable $360

Explanation:

a. Preparation of the journal entry to record the payroll for the week of May 18.

May 18

Dr Salaries expense $615000

Cr Social security tax payable $36900

(615000*6%)

Cr Medicare tax payable $9225

(615000*1.5%)

Cr Employment federal income tax payable $165000

Cr Salaries payable $403875

($615000-$36900-$9225-$165000)

(To record the payroll for the week of May 18)

b. Preparation of the journal entry to record the payroll tax expense incurred for the week of May 18.

May 18

Dr Payroll tax expenses $48915

($36,900+$9225+$2430+$360)

Cr Social security tax payable $36,900 (615000*6%)

Cr Medicare tax payable $9225

(615000*1.5%)

Cr State unemployment taxes payable $2430 (45000*5.4%)

Cr Federal unemployment taxes payable $360 (45000*0.8%)

(To record the payroll tax expense incurred for the week of May 18)

8 0
2 years ago
रचनात्मक र नविन्तम अबधारण लेख्नुहोस। नयाँ ब्यब्साय विभिन्न विधि हरु ब्य्ख्य गर्नुहोस​
dem82 [27]

Answer:

लेख्नुहोस। नयाँ ब्यब्साय विभिन्न विधि हरु ब्य्ख्य गर्नुहोस​

Explanation:

4 0
3 years ago
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