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3 years ago

How pay for workers is determined?

1 answer:

3 0

According to most economics textbooks, our wages are determined just like any other price: by supply and demand. People supply their labor, and companies demand it, creating a market for labor.

I hope this answer helps you :D

And have a great day!

You might be interested in

What factors determine what is appropriate dress for work?

Ira Lisetskai [31]

Dress shirt dress pants (Black) and Black Shoes along with proper posture smile and good attitude i think is the answer to your question it does also depend upon the job for example if you were to go for an interview for a chef job you would wear black dress pants black shoes and your chef coat.

3 0

3 years ago

A rancher owns a parcel of land on which oil is discovered. If the rancher has not previously conveyed the oil rights, who owns

Lina20 [59]

Answer:

the rancher.

Explanation:

According to my research on land ownership benefits, I can say that based on the information provided within the question the person that owns the oil would be the rancher. This is because the rancher is the owner of the parcel of land, which usually includes the mineral rights to that piece of land. If the land ownership does not include the mineral rights then whoever owns these rights also owns the oil.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

3 years ago

Nicola borrows 50000 dollars from a bank that charges interest at an annual rate of 8 percent, compounded monthly. Calculate the

frozen [14]

Answer: $387.23

Explanation:

Given that,

Borrowed from bank, P = $50,000

Annual interest rate, r = 8% = 0.08

Monthly rate of interest = $\frac{0.08}{12}$

= 0.0067

Tenure(period), n = 25 years = 25 × 12

= 300 months

$Monthly\ Installments=\frac{P\times r\times (1+r)^{n}}{[(1+r)^{n}-1]}$

$Monthly\ Installments=\frac{50,000\times 0.0067\times (1+0.0067)^{300}}{[(1+0.0067)^{300}-1]}$

$=\frac{50,000\times0.0067\times7.413453}{7.413453-1}$

$= \frac{2,483.50676}{6.413453}$

= 387.23

Therefore, the required monthly payment is $387.23

7 0

3 years ago

Tinker's cost of goods sold in the year of sale (2019) was $850,000 and 2018 cost of goods sold was $870,000. The inventory at t

masya89 [10]

Answer:

Inventory turnover period in 2019 =89.3 days

Explanation:

The inventory turnover period also known as the inventory days is the average length of time it takes business to sell its stocks and replace same. The shorter the better as it indicates a high patronage from customers.

It is calculated as follows:

Inventory turnover = (Average inventory / cost of goods ) × 365 days

Note that,

average inventory =( opening inventory + closing inventory)/2

Average inventory = (218,000 + 198,000)/2 = 208,000

Cost of goods sold in 2019 = $850,000

Inventory turnover period = (208,000/850,000)× 365 days

=89.3 days

4 0

3 years ago

Read 2 more answers

For the following purchasing and sales transactions, prepare the appropriate journal entry assuming a perpetual inventory system

fredd [130]

Answer:

Cougar Corp.

Journal Entries

1. Jan. 1:

Debit Inventory $6,500

Credit Accounts payable $6,500

To record the purchase of inventory on account, credit terms 1/10, net 30.

2. Jan. 2:

Debit Freight-in $110

Credit Cash $110

To record the freight for January 1 purchase.

3. Jan. 5:

Debit Accounts receivable $3,700

Credit Sales Revenue $3,700

To record the sale of goods on account, credit terms, 2/15, net 30.

Debit Cost of Goods Sold $2,600

Credit Inventory $2,600

To record the cost of goods sold.

4. Jan. 6:

Debit Accounts Payable $950

Credit Inventory $950

To record the return of goods on account.

5. Jan. 7:

Debit Freight-out $210

Credit Cash $210

To record the payment for freight for goods sold.

6. Jan. 9:

Debit Accounts Payable $5,550

Credit Cash $5,494

Credit Cash Discounts $56

To record the payment on account.

7. Jan. 10:

Debit Cash $3,626

Debit Cash Discounts $74

Credit Accounts Receivable $3,700

To record the receipt of cash on account.

Explanation:

a) Data and Analysis:

1. Jan 1: Inventory $6,500 Accounts Payable $6,500

2. Jan. 2: Freight-in $110 Cash $110

3. Jan. 5: Accounts Receivable $3,700 Sales Revenue $3,700

4. Jan.6: Accounts payable $950 Inventory $950

5. Jan. 7: Freight-out $210 Cash $210

6. Jan. 9: Accounts Payable $5,550 Cash $5,494 Cash Discounts $56

7. Jan. 10: Cash $3,626 Cash Discounts $74 Accounts Receivable $3,700

5 0

3 years ago