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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!
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topjm [15]
The answer is <span>convergent adaptation
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Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, d
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<span>Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, derek began by determining what the zoo would be willing to pay for the structure, and then subtracting a reasonable profit for the company. the result would be the cost of production. for example: if price to zoo = $6 million, and company profit margin = $2 million, the cost to produce cannot exceed $4 million. [$6 million - $2 million = $4 million.] the demand-based pricing strategy in this example is called target costing.

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7 0
3 years ago
Blanton Company wishes to allocate rent expense of $24,000 to its three operating departments, A, B, and C. Assuming the three d
wariber [46]

Answer:

given statement is false

Explanation:

given data

rent expense = $24,000

operating departments, A = 10,000 square feet

operating departments, B =  20,000 square feet

operating departments, C =  30,000 square feet

cost allocation rate = $0.80 per square foot

solution

rent expense will be here as

rent expense = \frac{24000}{60000}

rent expense = $0.40 per square foot

and

rent expense allocated to department C is = 30000 × $0.40

rent expense allocated to department C = $12000

so given statement is false

5 0
4 years ago
In September of Year 1, Hansen Company issued a note payable to borrow money from its bank. Principal and interest on the note w
Ghella [55]

Answer: True

Explanation:

As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.

The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.

This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.

4 0
4 years ago
Item 1Item 1 Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed cost
Katarina [22]

Answer:

$235,000

Explanation:

The computation fo the safety margin is shown below:

As we know that

Margin of safety = Expected sales - break even sales

where,

Expected sales is

= 29,000 units × $50

= $1,450,000

And, the break even sales is

= Fixed cost ÷ contribution margin per unit

= $486,000 ÷ ($50 - $50 × 0.60)

= $486,000 ÷ $20

= 24,300 units

And, the selling price is $50

So the break even sales is

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= $1,215,000

So, the safety margin is

= $1,450,000 - $1,215,000

= $235,000

3 0
3 years ago
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