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3 years ago

Who sets the minimum wage in ct

Business

1 answer:

Bogdan [553]3 years ago

6 0

Answer:

governor lamont

Explanation:

i think but im not too sure

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Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling o

kiruha [24]

Answer: Hi your question is incomplete attached below are the missing details

answer :

A) 16 used DVDs

B) i) $18

ii) $6

iii) $8

Explanation:

A) Determine the weekly shortage of used DVDs due to ceiling price = $11

shortage = Quantity demanded ( H ) - Quantity supplied ( F )

at ceiling price of $11 ; quantity demanded = 20 , Quantity supplied = 4

= 20 - 4 = 16 used DVDs

B) i) New consumer surplus = ADLK

ADLK = ∠ ABK + BKLD

= 1/2 * 4 * 1 ) + ( 15 - 11 )*4 = $18

ii) New producer surplus = DLE

DLE = 1/2 * 4 * ( 11-8 )

= $6

iii) Total economic surplus lost

ΔKJL = 1/2 ( 8 - 4 ) * ( 15 - 11 )

= $8

6 0

3 years ago

Use the following Year 3 data: Other Selling and Administrative Expenses $ 1,052,000 Other Expenses 249,300 Sales Revenue 4,887,

Talja [164]

Answer:

$222,450

Explanation:

Computation of annual income statement for Kvass Inc. is shown below

Sales revenue

$4,887,000

Less:

Selling and admn expenses

($1,052,000)

Other expenses

($249,300)

Advertising and promotion expenses

($553,350)

Salaries and wages expenses

($2,527,800)

Income tax expenses

($167,350)

Interest expense

($114,750)

Net income

$222,450

8 0

3 years ago

At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/underapplied overhead in

scoundrel [369]

Answer:

Hence, closing over overhead into Cost of Goods Sold would cause net income to increase by $ 1,700,000

Explanation:

Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.

As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.

Over applied overhead = Applied overhead - Actual overhead

= 42,000,000 - 40,300,00 = 1,700,000

Over applied overhead = $ 1,700,000

The adjustment required is to reduce the cost of gods sold by the amount of over-applied overhead because the cost of goods sold figure is would have over charged.

Hence, closing over overhead into Cost of Goods Sold would cause net income to increase by $ 1,700,000 because net income and cost of Goods Sold are inversely related.

4 0

3 years ago

What three colors are used to create the color white on a tv or computer screen?

vivado [14]

Red yellow and blue because when they are all moved at a high speed they combine to make white

8 0

4 years ago

Read 2 more answers

What are products called that are special or different from those grown as commodities?

dybincka [34]

Answer:

unique prroducts

Explanation:

A product is a commodity when all units of production are identical, regardless of who produces them. However, to be a differentiated product, a company's product is different than those of its competitors. On the continuum between commodities and differentiated products are many degrees and combinations of the two.

6 0

3 years ago