A minimum wage can purpose advantage and disadvantage price-push inflation.elevating wages reduces expensive employee turnover and will increase productivity.
Elevating the federal minimal wage to an hour is a coverage purpose for many lawmakers. growing the minimal salary is expected to lift people out of poverty and enhance work ethic, however, it also comes with many feasible negative implications, which include inflation and a loss of jobs.Elevating the federal minimal wage may even stimulate customer spending, help corporations' bottom lines, and grow the financial system it might additionally raise the overall financial system by using producing extended patron demand.
Elevating wages reduces expensive employee turnover and will increase productivity. while the minimal salary is going up, employers can obtain such benefits without being positioned at a competitive disadvantage, because all groups of their field are required to do the identical.
A minimum wage can purpose price-push inflation. this is because corporations face an growth in charges that are in all likelihood to be passed on to clients. that is even more likely if wage differentials are maintained.
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477,202 are the projected sales after year 10.
Answer:
Cost of goods manufactured= $87100
Explanation
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $56,000
Direct Labor=$15,600
Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500
Total= $87100
Note: Salesperson commissions and Depreciation expense Delivery equipment are not included in factory overhead
Answer:
d. $46,800
Explanation:
Operating revenues $199,700
Less:
Operating expenses <u> $111,000</u>
Operating Profit $88,700
Less:
Interest expense $9,200
Income tax expense <u>$36,000</u>
Net Income $43,500
Add:
Gain from sale <u> $3,300 </u>
Total Net Income <u>$46,800</u>
