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3 years ago

What are 2 pros and 2 cons of working minimum wage Plz help

Business

1 answer:

andrew11 [14]3 years ago

3 0

Answer:

They raise prices or reduce the number of hours worked. Worker morale, productivity, and consumer spending all increase. But the pros only outweigh the cons if the minimum wage isn't too high. Wages cannot be so high that they reduce a company's ability to keep labor costs low during a recession.

Explanation:

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On January 1, 2007, Nichols Company's inventory of Item X consisted of 2,000 units that cost $8 each. During 2007 the company pu

timama [110]

Answer:

For the cost of goods sold, the company made around $42,435

Explanation:

Solve cost of goods for Jan. 1st:

2000 units × $8

$16,000

Solve for cost of goods during 2007:

5000 units × $10

$50,000

Use the formula for weighted-average cost:

WAC per unit = cost of goods available for sale / units available for sale

WAC per unit = 16,000 + 50,000 / 2000 + 5000

WAC per unit = 66,000 / 7000

WAC per unit = 9.42857..... I will round to a dollar value

WAC per unit = 9.43

For cost of goods <em>sold</em>:

4,500 × 9.43 (please keep in mind 9.43 is a rounded number)

$42,435

8 0

3 years ago

Read 2 more answers

The FASB has the authority to establish accounting and financial reporting standards for which of the following? a) both answers

kipiarov [429]

Answer:

c) private not-for-profits

Explanation:

The FASB is an independent non-profit organization whose responsibility involves establishing and implementing accounting and reporting standards in the US. The Generally Accepted Accounting Principles (GAAP) guides FASB or Financial Accounting and Standards Board in fulfilling its mandate.

The FASB has the authority to interpret the GAAP for all organizations, including private and public companies, as well as profit and non-profit institutions. FASB set accounting rules and regulations to ensure standards and uniformity in the accounting industry.

6 0

4 years ago

1. Nunes, Orta and Paulo are partners providing engineering services. Relevant data regarding income-sharing relationships and c

Bas_tet [7]

Answer:

D) $165,000

Explanation:

Partner Capital Balance Income Share

Nunes $250,000 20%

Orta $180,000 30%

Paulo $150,000 50%

Totals $580,000 100%

Orta's balance - capital balance = $180,000 - $159,000 = $21,000 which will increase the partnership's total capital balance

partnership's capital balance = $421,000

the extra $21,000 will be divided according to each remaining partner's income distribution:

Paulo = (50%/70%) x $21,000 = $15,000
Nunes = (20%/70%) x $21,000 = $6,000

Paulo's capital balance = $150,000 + $15,000 = $165,000

5 0

3 years ago

Who is responsible for withholding the employees income tax?

7nadin3 [17]

Answer:

For the most part, the employer withholds these taxes on behalf of their employees, but in cases where an employer does not do this, or where an employee is self-employed, it is the responsibility of the employee to pay these withholding taxes

5 0

3 years ago

Marshall Manufacturing has recently revamped its promotional strategy. Marshall now utilizes a system that combines all the elem

nevsk [136]

Answer:

integrated marketing communication system

Explanation:

Since each product usually has a dedicated promotion mix, the purpose of the integrated marketing communication system is to unify the promotional activities and tools associated with each product or service into a cohesive strategy tackling promotion.

This is done in order to create a consistent brand profile, according to the public relations tendencies of the company and their strategic plan.

5 0

4 years ago