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snow_tiger [21]
3 years ago
9

If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people t

o try to find a job and employed people to want to work _______ hours.a. more; longer.b. the same number of; the same number of O c. fewer, shorter.d. fewer; longer would.The____O_____. a. quantity of labor supplied; decrease.b. quantity of labor supplied; increase.c. supply of labor; decrease.d. supply of labor, increase.
Business
1 answer:
vitfil [10]3 years ago
8 0

Answer:

If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people to try to find a job and employed people to want to work _______ hours.

a. more; longer.

The____ would _____.

b. quantity of labor supplied; increase.

Explanation:

Generally, when wage rates increase, this will led to an increase in the inflation rate. The problem is what happens if wages increase less than the inflation rate. This means that real wages will actually decrease once we adjust them to inflation. This will cause more people trying to get a job or working longer hours just to be able to pay for the same amount of goods as before.

In this example, the wage rate increased by 13.1%, but the inflation rate increased by 16%, so real wages decreased.

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Marigold Corp. bought a machine on January 1, 2011 for $806000. The machine had an expected life of 20 years and was expected to
lidiya [134]

Answer: Marigold should record $134,750 as an impairment loss on July 1, 2021

Explanation:

Given that  

Cost of the machine= 806,000

Expected life= 20 years

Time between January 1, 2011 and July 1 2021 = 10 1/2years

salvage value $76000.  

Fair value= $288, 000

We know that the

Carrying amount /Book Value of machine = Cost of the machine- (Cost of the machine-salvage value)/expected life x time (ie from 2011 and 2021)

Carrying amount of machine =806,000 - [(806,000-76,000)/20  x 10.5 years]

=806,000 -383,250=$422,750

Asset is impaired when the Book value is more than net realizable value,

Here, The Book Value of $422,750 is greater than  net realizable value,$395000.

Therefore  loss on Impairment= Carrying amount - Fair value

$422,750-$288000

=$134,750

5 0
2 years ago
Sales mix is a.a measure of the relative mix of a business's variable costs and fixed costs, computed as contribution margin div
OverLord2011 [107]

Answer: Option (C)

Explanation:

Sales mix is referred to as or known as the calculation that tends to determine proportion of each commodity or product that a business/organization sells relative to the total sales. Sales mix is mostly significant since some of the products, commodity or services tends to be much more profitable than the others, and thus if an organization's sales mix changes,so will its profits.

7 0
3 years ago
Judy started a business called Music and Memories™. She recognized that music, socialization, and memory-challenging activities
liq [111]

Answer: (B) Non-profit

Explanation:

 The non-profit organization is one of the type of charitable association that do not paying any type of tax and it basically operating on the basis of scientific, educational and the religious purpose.

 According to the given question, Judy is basically starting the new business and she recognizing the various types of music activities socialization and also the memory challenging process for the senior citizen.

She is using the excess funds for developing the programs rather than focusing on the personal profit. Hence, on the basis of given scenario, Judy organization is classifying as non-profit organization.

 Therefore, Option (B) is correct answer.    

6 0
3 years ago
An increasingly important advantage of the limited liability company is that its members?
victus00 [196]

An increasingly important advantage of the limited liability company is that its members are "able to deduct its operating losses against the member's regular revenue to the extent permitted by law".

<h3>What do you mean by limited liability company?</h3>

A Limited Liability Company (LLC) is refers to as a type of organization in which the members of that company is not liable for the losses occur in the business. The duties and responsibilities regarding losses are restricted here.

Adding to it, that means if the company fails to pay off its losses or debts to creditors, the personal assets of the members will not be added while paying the debt.

It is an enterprise structure that is the combination of the pass-thru taxation that is related to a partnership or sole proprietorship along with the rules of the company.

The main advantage of this type of company is that the members of that LLC can reduce their all operating losses like travelling, insurance, office supplies, payroll etc.

Moreover, the other benefits of Limited liability company include that this is more flexible than the other corporations and it provides different rights, classes and preferences to their members or managers.

Learn more about limited liability company, refer to the link:

brainly.com/question/3521418

#SPJ4

8 0
1 year ago
The planning cycle is viewed as a linear process with a sequence of steps; however, it can also be considered cyclical so that a
Lisa [10]
A linear process with a sequence
5 0
1 year ago
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