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3 years ago

Economists generally agree that increases in the minimum wage increase employment.a. TRUEb. FALSE

Business

1 answer:

andreyandreev [35.5K]3 years ago

5 0

Answer:

b. FALSE

Explanation:

Economists do not have a unanimous consensus that an increase in the minimum wage will cause greater employment opportunities. In fact, the opposite is the case because research shows that when the minimum wage is increased, there is less demand for low-skill workers. Given that these firms would be paying more, they would want to only employ those that have a high-skill set and thus save their organization of some funds. Since businesses are not charity organizations, they must make decisions that will benefit them.

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Investors seeking a diversified, professionally managed portfolio of securities can purchase shares of________

zmey [24]

Answer: Mutual funds

Explanation: Mutual fund is a pool of securities in which the assets are purchased by procuring fund from several different investors. Mutual funds includes different type of securities so that diversification benefits could be taken. These are generally managed by investment professionals.

Generally mutual funds include stock, bonds and debt. Thus, an investor seeking diversified portfolio can seek for mutual funds.

8 0

3 years ago

Equity method for stock investment Obj. 3 Show Me How icon At a total cost of $5,600,000, Herrera Corporation acquired 280,000 s

marusya05 [52]

Answer and Explanation:

The journal entries are shown below:

1 Investment in Tran Corp $210,000

To Investment Income (280,000 ÷ 800,000 × $600,000) $210,000

(Being the investment in Tran corp. is recorded)

For recording this we debited the investment in tran corp as it increased the assets and credited the investment income as it also increased the revenue

2 Cash (280,000 × $0.50) $140,000

To Investment in Tran Corp $140,000

(Being the payment of cash dividend is recorded)

For recording this we debited the cash as it increased the assets and credited the investment in tran corp as it decreased the assets

(B) The equity method is appropriate as the Herrera owns 35% which come from

= $280,000 ÷ $800,000

= 35%

And it can be exercised when there is a significant influence or effect over the investor

6 0

3 years ago

24. The Milham Corporation has two divisions—North and South. The divisions have the following revenues and expenses: North Sout

Artyom0805 [142]

Answer:

The elimination of the North division would result in an increase to net operating income of $100,000 for the South division.

Explanation:

Please see computation of the company's overall net profit

= South sales - South variable costs - South traceable fixed costs - South allocated common corporate cost - North allocated common corporate cost

= $880,000 - $550,000 - $80,000 - $50,000 - $100,000

= $100,000 profit.

N.B

Since the North division has been eliminated, all the items for North division would all be ignored except its allocated common corporate cost.

8 0

3 years ago

"Consumer sovereignty" means that Group of answer choices1. buyers can dictate the prices at which goods and services will be of

nalin [4]

Answer:

2. advertising is ineffective because consumers already know what they want.

Explanation:

Consumer sovereignty is the idea that it is consumers who influence production decisions because they decide what to buy by checking to see that their expectations are meet. Production of goods is designed towards meeting the needs of the consumers. The consumers select what they want to buy by the checking if the good fulfills their needs and wants.

6 0

3 years ago

The operational improvement cycle is referred to as the: a. 5S cycle b. FMEA cycle c. DMAIC cycle d. Generate - Integrate - Inte

Dimas [21]

Answer:

The operational improvement cycle is referred to as the:

c. DMAIC cycle

Explanation:

The DMAIC cycle involves continuous operational improvement. The 'D' stands for 'to define' the process. The 'M' stands for ' to measure' or quantify the performance process. The 'A' stands for ' to analyze' performance to determine root causes. The 'I' stands for 'to improve; the process. The 'C' stands for control to achieve benefits. These processes are the Sigma Six improvement processes that have been proven to yield improved organizational processes.

3 0

3 years ago