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aliya0001 [1]
3 years ago
11

Though unions can negotiate pay increases for their members, their actions can have unintended consequences for workers. Identif

y all such possible ones from the list below. It is possible that there is more than one correct answer.
(a) Firms could possibly respond to unions demands for higher wages by hiring fewer workers.
(b) Firms could possibly respond to unions demands for higher wages by substituting capital for labor.
(c) Unions always drive down firms profits.
(d) Higher rates of union membership always diminish aggregate levels of economic output.
Business
1 answer:
lakkis [162]3 years ago
8 0

Answer:

(a) Firms could possibly respond to unions demands for higher wages by hiring fewer workers.

(b) Firms could possibly respond to unions demands for higher wages by substituting capital for labor.

Explanation:

Unions are formed to work toward better working conditions and welfare of staff.

Workers act collectively to negotiate better terms of employment with the employers.

However when unions try to negotiate for increased pay the employer may take different actions that will bad for the employee.

The employer may decide to actually pay the higher wage but hire fewer workers. This is usually the case when higher wages for many employees will result in loss for the employer.

Secondly the employer may substitute capital for labour. For example investing more in use of machines and reducing labour.

From the employer's viewpoint this will result in lower labour cost due to higher wage payment

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Coronado Company received proceeds of $209000 on 10-year, 5% bonds issued on January 1, 2016. The bonds had a face value of $220
Aleksandr [31]

Answer:

Coronado Company

The amount of gain or loss that Coronado would report on its 2018 income statement is:

= $13,200.

Explanation:

a) Data and Calculations:

Bonds proceeds = $209,000

Bonds face value =  220,000

Bonds Discounts = $11,000

Period of bonds = 10 years

Straight-line amortization = $1,100 annually

Interest payment = annually

Coupon rate rate = 5%

Fair value on January 1, 2017 = $210,100 ($209,000 + $1,100)

Fair value on January 1, 2018 = $211,200 ($210,100 + $1,100)

Call price = 102

Total call value (cash payment) = $224,400 ($220,000 * 102/100)

Loss to report on its 2018 income statement = $13,200 ($224,400 - $209,000 - $2,200)

6 0
2 years ago
5. Destiny is asked if she wants to open a Macy's credit card on the spot when she is checking out.
Zielflug [23.3K]
B because is B I now it is
5 0
3 years ago
The designated market value:a. is always the middle value of replacement cost, net realizable value, and net realizable value le
eduard

Answer:

a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.

Explanation:

As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.

And if the replacement cost lies in this range than it represents the designated market value.  

Hence, option a is correct.

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2 years ago
The contrast error is committed when the rates rate people:
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Answer:

d) relative to others instead of against performance standards.

Explanation:

Contrast error is one that occurs during performance rating where a person is not rated objectively, but against previous people who performed good or badly.

The person's ratings is affected negatively or positively.

A person that performs well subconsciously sets a benchmark in the mind of the rater, and he now rates future participants based on this benchmark and not on performance standards that have been set.

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3 years ago
Suppose in 2020, you purchase a house built in 2014. Which of the following would be included in the gross domestic product for
Tcecarenko [31]

Suppose in 2020, you purchase a house built in 2014. The value of the services of the real estate agent. the value of the services of the real estate agent would be included in the gross domestic product for 2020 This is further explained below.

<h3>What is the gross domestic product?</h3>

Generally, Final products and services—i.e., those purchased by consumers—are included in GDP, which estimates the value of goods and services produced in a specific period of time.

In conclusion, Imagine that in the year 2020 you decide to buy a home that was constructed in 2014. The price that should be paid for the real estate agent's services. The total value of the real estate agent's services would be included in the calculation of the gross domestic product for the year 2020.

Read more about gross domestic product

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2 years ago
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