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antoniya [11.8K]
2 years ago
13

Write a letter to the current Unites States President, and put forth arguments regarding why you support or are against an incre

ase in minimum wage. In your letter, discuss whether managers should be given a higher minimum wage or be paid overtime. Address what the minimum weekly salary should be for bona fide executives, administrators, or professionals.
Business
1 answer:
Irina-Kira [14]2 years ago
4 0

Answer:

Dear U.S. president

As an economist, I personally agree with raising the minimum wage, 7 dollars an hour is very low, and does not reflect gains in worker's productivity.

However, raising it to 15 dollars an hour could be too high, since it would be higher than the minimum wage of the state of California, which is currently 14 dollars an hour, and California is one of the states with the highest cost of living.

For this reason, I propose raising the minimum wage to 10 dollars an hour, a moderate solution. This is a level that reflects workers' productivity better, at the time that protects many sectors of the economy from having to lay off workers due to a hike in labor costs.

Sincerely, random economist.

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Answer:

Flexible budget variance for Sales Revenue = $3,960 Favorable

Explanation:

Provided budget is static budget, firstly for calculating flexible budget variance for Sales Revenue.

For this flexible budget is made of same level of quantity as of actual level.

therefore Flexible budget sales = 990 units @ $70 per unit price will be same as of static budget.

Therefore Variance = Standard Flexible Budgeted Sales - Actual Sales

Standard Flexible Budgeted Sales = 990 \times $70 = $69,300

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Since actual revenue is more than budgeted sales this is favorable.

Flexible Budget Variance for Sales Revenue = $69,300 - $73,260 = $3,960

Since actual revenue is more than budgeted revenue therefore this is a favorable variance.

Flexible budget variance for Sales Revenue = $3,960 Favorable

3 0
3 years ago
The amount of the average investment for a proposed investment of $218,000 in a fixed asset with a useful life of four years, st
MissTica

Answer:

$109,000

Explanation:

Average Investment = ( Initial Investment + Residual Value ) ÷ 2

Therefore,

Average Investment = ( $218,000 + $0) ÷ 2

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The company is gearing up for next year’s events and determining where to hold them. Customer feedback, logistics, and pricing o
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team

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