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Allushta [10]
3 years ago
15

2-12. How would the compensation system change if the minimum wage provision of the Fair Labor Standards Act of 1938 were repeal

ed?
Business
1 answer:
xeze [42]3 years ago
7 0

Answer: Wages would drop in certain industries.

Explanation:

The Fair Labor Standards Act of 1938 allows for a minimum wage provision and it is based on this that a minimum wage is set at the Federal level.

If this law is repealed, some employers would decrease the wages they pay their employees so that they can make more profits. This might work in certain industries especially ones that require little skill due to the number of people who want jobs in those industries.

It would not work in a lot of other industries and employees would simply stop working if they are offered such low wages based on the perception that their skills deserve more compensation.

Then there are the Unions who would try to protect their members from wage decreases and would therefore push back against the employers.

Bottom-line is that employers might try to reduce the wages but they would only be partly successful.

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Suppose that the annual rate of returns on dollar deposits equals 2% and the rate of return on euro deposits is 1%. Furthermore,
Oliga [24]

Answer:

I should invest in dollar deposits.

Explanation:

Current exchange rate is 1 euro = $1.08

Assuming I have y euro, the equivalent in dollar is $1.08y

Rate of return on dollar deposit = 2% = 0.02

Return on investment = $1.08y + (0.02 × $1.08y) = $1.08y + $0.0216y = $1.1016y

Rate of return on euro deposit = 1% = 0.01

Return on investment = y euro + (0.01 × y euro) = y euro + 0.01 y euro = 1.01y euro = 1.01y × $1.08 = $1.0908y

I should invest in dollar deposits because the return on investment is greater than euro deposits.

5 0
4 years ago
On December 31, 2016, Beckford Company issues 150,000 stock-appreciation rights to its officers entitling them to receive cash f
erma4kov [3.2K]

Answer: See attachment and explanation

Explanation:

(a) Prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.

The above has been attached.

(b) Prepare the entry at December 31, 2014, to record compensation expense, if any, in 2014.

31/12/2014:

Debit Compensation expense = $225000

Credit Stock Appreciation Plan = $225000

(To record the compensation expense)

(c) Prepare the entry on December 31, 2014, assuming that all 150,000 SARs are exercised.

31/12/2014:

Debit: Stock Appreciation Plan = $1350000

Credit Cash = $1350000

(To record the realization of cash exercised)

6 0
3 years ago
Which of the following would most likely cause a decrease in the quantity supplied?
gregori [183]

Answer:

A decrease in price

Explanation:

A decrease in price will cause the supply of goods and services to decrease. As you can see, an increase in demand causes the equilibrium price to rise. On the other hand, a decrease in demand causes the equilibrium price to fall. An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.

5 0
3 years ago
In what way would the climate in the shaded area impact that region of South America?
zvonat [6]
B.

they are noticed :) literally everyone notices them ;)
4 0
3 years ago
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Professor rossi wants to represent the data she collected on age and income as single points on a chart. she can accomplish this
vfiekz [6]
Professor Rossi could use a chart.
8 0
4 years ago
Read 2 more answers
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