1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natasha_Volkova [10]
3 years ago
10

HELP ASAP PLZ!!!! Who would be most negatively affected if lower price limits were not in place? Explain your answer

Business
1 answer:
trasher [3.6K]3 years ago
5 0
The minimum wage payed employees would be the most negatively affected because if lower price limits weren’t there, the prices would drop drastically to win the customer’s purchase over other markets or businesses. The big bosses would be then forced to cut money out of their employees salary because of the low revenue in money.



I think that’s a great answer someone correct me if I’m wrong!
You might be interested in
When LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the
bija089 [108]

Answer:

False

Explanation:

The assertion is false that when LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the point of each sale, rather than from the most recent purchases for the period.

Under this method it is <u>at the end of the accounting year that the Inventory account is adjusted to equal the cost of the merchandise that is unsold.</u>

It is important to note that under LIFO periodic (not LIFO perpetual) <u>we wait until the entire year is over before assigning the costs. </u>Then we flow the year's last costs first, even if those goods arrived after the last sale of the year.

4 0
3 years ago
Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge
inna [77]

Answer:

$214,000

Explanation:

The total reservation cost per month is given by the following expression:

R = \$14,000+\$1*n

Where 'n' is the number of monthly reservations.

If there are 200,000 reservations for passengers taking a trip next month, the reservation cost is:

R = \$14,000+\$1*200,000\\R=\$214,000

Total reservation cost is $214,000.

7 0
3 years ago
Read 2 more answers
Period costs are always expensed on the income statement in the period in which ______.
jenyasd209 [6]

Explanation:

Period costs are always expensed on the income statement in the period in which: they are incurred.

7 0
2 years ago
The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin
eduard

Answer:

b. 51,429 units

Explanation:

If x = Number of units

Net Income = Sales Revenue - Variable Cost - Fixed Cost

or

Net Income = Contribution Margin - Fixed Cost

where,

Net Income = $80,000

Contribution Margin per unit = $3.50

Fixed Cost = $100,000

Contribution Margin = Net Income + Fixed Cost

$3.50x = $80,000 + $100,000

$3.50x = $180,000

Dividing the above equation by $3.50 we get

x = $180,000 / $3.50

x = 51,429 units

Hence 51,429 number of units must be sold to generate the net income of $80,000.

3 0
3 years ago
Jack owns and runs a bookstore. He looks after the accounts of the business and also purchases books from publishers. Sometimes
Sunny_sXe [5.5K]

company is the answer



4 0
3 years ago
Other questions:
  • Floyd tells his daughter Glenda that she can have his Harley Davidson when he dies, but he does not add this to his will. a. Thi
    9·1 answer
  • Which of the following is NOT a responsibility of the Federal Reserve System?
    9·2 answers
  • This clause found in a mortgage ensures that the borrower will maintain clear title on the property in the event the bank is for
    15·1 answer
  • A central lesson of the Solow model is:______.a. capital accumulation cannot serve as the engine of long-run per capita economic
    9·1 answer
  • The exit-voice-loyalty-neglect (EVLN) model Multiple Choice outlines the four consequences of emotional intelligence. is a templ
    12·1 answer
  • ABC Mechanics charges an estimate fee of $100 plus $40 per hour, x, in labor. XYZ Mechanics charges an estimate fee of $65 plus
    13·1 answer
  • Edison Corporation's variable manufacturing overhead rate is $5.00 per direct labor-hour. Total budgeted fixed overhead is $25,0
    10·1 answer
  • Which college is better for oncology of the following?
    10·2 answers
  • Anyone who wants to use copyright material must obtain permission from the copyright owner in the form of a ____.
    6·1 answer
  • Guido and hal want to rescind their contract under which guido sold hal a mountain bike for $100. To rescind the contract.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!