Answer:
Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.
Wage Labor Demanded Labor Supplied
$12.50 375,000 625,000
This will result in a surplus of labor (625,000 higher than 375,000)
Which of the following statements are true?
- Binding minimum wages cause structural unemployment. As with all price floors, a deadweight loss results, because the quantity supplied is much greater than the quantity demanded. In this case, the price of labor is the wage, and the deadweight loss = structural unemployment
-
In the absence of price controls, a surplus puts downward pressure on wages until they fall to the equilibrium.
Since a labor surplus exists, the price of labor should start to decrease in order to match the equilibrium price.
-
If the minimum wage is set at $12.50, the market will not reach equilibrium. The quantity supplied of labor is much greater than the quantity demanded for labor resulting in a surplus.
Answer:
The adjusted book balance at August 31 is $13,824
Explanation:
The computation of the book balance is shown below:
= Cash balance + EFT payment on a note receivable + interest on the note - forgot to record check - check printing service fee - NSF check
= $11,667 + $2,830 + $150 - $643 - $80 - $100
= $13,824
The remaining transactions would be adjusted to bank balance
The steps that Janet can take to avoid falling prey to deceptive advertising are the following:
- <em>Know what she wants</em>
- <em>Trust her judgement</em>
- However, if Janet has already fallen prey to deceptive or false advertising, which is illegal, she can file a lawsuit against the company.
- The lawsuit aims to recover damages from the company for misleading her into making a purchase or payment for goods or services whose advertising was deceptive.
- It is generally unethical for a company to mouth a deceptive advertising.
Thus, Janet may not only trust online resources or purchase products from one retailer, she should carry out proper research based on what she wants before trusting her judgement.
Read more about deceptive advertising at brainly.com/question/24271514
Answer:
The answer is 6.72%
Explanation:
Calculating the imputed rate from a discount bond as follows:
( 1 + i )^n = FV / PV
( 1 + i )^3 = FV / PV, here FV= 1000 and PV= 727.25
so putting values in equation we have:
( 1 +i )^3 = 1000 / 727.25
( 1 + i )^3 = 1.375
solving for i
( 1 + i) = 1.375^1/3
( 1 + i ) = 1.112
i = 0.112 before tax rate
0.112 * (1 - tax rate) = after tax interest rate
0.112 * .60 = 0.0672 = 6.72%
thus the expected after tax cost of this debt issue is 6.72%
Explanation:
Organizational behavior can be defined as a study of three factors that determine the behavior of organizations:
These three factors combined will be decisive for understanding and analyzing how people act in the organizational environment in order to establish a harmonious organizational culture where employees feel protected and valued to contribute to the company's organizational objectives.
A culture based on ethical values and valuing employees, will help in a more collaborative work environment, where communication flows effectively and the employee feels able to contribute with greater motivation, innovative ideas and loyalty to the company, which helps to create an internal environment conducive to maximizing business success.
