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2 years ago

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]2 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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If you put up $21,000 today in exchange for a 8.25 percent, 14-year annuity, what will the annual cash flow be

BartSMP [9]

Answer:

$2,584.34

Explanation:

we can use the present value of an ordinary formula to calculate this:

present value = annual payment x annuity factor

present value = $21,000
PV annuity factor, 8.25%, 14 periods = 8.12586

annual payment = present value / annuity factor = $21,000 / 8.12586 = $2,584.34

When the interest rates are not whole number, e.g. 4%, instead of trying to use a present value annuity table, you should look online for annuity calculators that will calculate the annuity factors for you.

8 0

2 years ago

Marissa owns an equestrian clothing store. After many customers complained that her clothing only fit petite riders, she decided

Yakvenalex [24]

Answer:

B) To remain competitive, companies must be prepared to add to or adapt their product lines to satisfy customer desires.

Explanation:

The fact that many consumers are complaining about the products that Marissa sold, means that her sales probably went down. When sales are down, any company is in big trouble.

In order to regain a competitive advantage, Marissa and other companies must be willing to offer the products or services that will satisfy their customers' needs.

About 100 years ago, companies sold what they produced and consumers' voices and needs were not important, but that was 100 years ago. Today, if you do not satisfy your consumers' needs and desires, you lose them immediately.

5 0

2 years ago

Inc. (WFI). After liquidating its remaining inventory and paying off its remaining liabilities, WFI had the following tax accoun

Montano1993 [528]

Answer:

On the transfer of the building,

Appreciation of building = FMV - Adjusted Basis

= $50,000 - $10,000

= $40,000

WFI has taxable transaction and gain recognition of $40,000.

On the transfer of the land,

Appreciation of land = FMV - Adjusted Basis

= $150,000 - $90,000

= $60,000

WFI has taxable transaction and gain recognition of $60,000.

5 0

2 years ago

One common feature of agile projects is the "walk-around meeting".<br> A. True<br> B. False

SashulF [63]

Answer:

Explanation:

Agile means able to move around quickly

3 0

2 years ago

The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond

prisoha [69]

Answer: Yield to Maturity (Return) = 9.04% , Value of the Bond in 2 years = $ 1656.71

Explanation:

Calculating the expected return (yield to maturity)

Future value = $1000

Price = $1200

Coupon = $110 (1000×11/100)

N (number of period) = 19 years

yield to maturity = (C + (Fv - P)÷N) / ((Fv+P)÷2)

yield to maturity = (110 + (1200 - 1000)÷19) / ((12000+1000)÷2)

yield to maturity = (99.47368421)/1100 = 0.090430622

yield to maturity = 9.04%

Calculating value of the bond in two years

Price = $1200

Coupon (Pmt) = $110 (1000×11/100)

N (number of periods) = 2 years

R (YIELD TO MATURITY) = 9.04%

Future Value of a bond = Future Value of the price + Future value of the annuity

FV = P(1+R)^n + (Pmt × (1+R)^2 - 1)/ R

FV = 1000(1 + 0.0904)^2 + 110(1 +0.0904)^2 - 1)/0.0904

FV = 1426.766592 + 229.944

FV = 1656.710596

FV = 1656.71

the selling price of the bond will be $ 1656.76

5 0

2 years ago