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3 years ago

Congress votes to substantially increase the minimum wage. The determinant causing the shift in this scenario is:___________.

Business

1 answer:

alexgriva [62]3 years ago

7 0

Answer:

resource cost or availability

Explanation:

In the case when there is a votes of congress that rise the minimum wage. So this results in the shifting of the cost of the resource or the availability

Therefore as per the given situation there would be rightward shifting as the minimum wage is rised

Also the shifting could be done with respect to the resource cost or the availability

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kogti [31]

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3 years ago

Who can become a principal and who can become an agent?a. Any person can become a principal, but an agent has to have the capaci

Rufina [12.5K]

Answer: Option A

Explanation: Any person can become a principal having sufficient business but in order to become an agent of the principal one needs to have the capacity to contract on behalf of the principal.

In a principal agent relationship, the principal bounds the agent to act on his behalf. So, there is no legal contracts to become a principal but the acts of agent are legally bound to a certain extent.

Hence, option A is correct.

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3 years ago

Dubberly Corporation's cost formula for its manufacturing overhead is $31,600 per month plus $52 per machine-hour. For the month

Ganezh [65]

Answer:

The activity variance for manufacturing overhead in March would be closest to $6240

Explanation:

As per given Data

Total overheads = $31,600 + (Machine hours x $52)

Bu using this equation we will calculate the activity variance

Planned machine hours = 8,100 hours

Placing value in the formula

Planned Manufacturing overheads = $31,600 + ( 8,100 hours x $52 )

Planned Manufacturing overheads = $452,800

Actual machine hours = 7,980 hours

Applied Manufacturing overheads = $31,600 + ( 7,980 x $52 )

Applied Manufacturing overheads = $446,560

Activity Variance for manufacturing overhead = Planned Manufacturing overheads - Applied Manufacturing overheads

Activity Variance for manufacturing overhead = $452,800 - $446,560 = $6,240

5 0

3 years ago

Every year 3 Managers are promoted to Partner level.

Sophie [7]

Answer: 2 years

Explanation:

Years of existing of the firm=30 years

Number of associates= 300,

Number of Managers= 70;

Number of partners= 30;

Total number of workers=400

Number of years associates has been changed in last 30 year=30/5=6

Number of years managers has been changed in last 30 year=30/3=10

Number of times for partner=x

Number of years partners has been changed in last 30 year=30/x=15

15x=30

x=30/2

x=2 years

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3 years ago

Typically, you will receive a very low interest rate on money you deposit in a bank. Interest rates on car loans and business lo

Pavlova-9 [17]

Answer: A bank complies with the necessary permits to manage the resources of its clients.

Explanation: Banks must have a minimum level of liquidity to answer for the money they keep and for that security is that the rates paid are lower. As for a vehicle loan or corporate loans, they maintain the necessary terms and conditions so that the client can pay the fair interest and the documents are formal compared to the companies that grant loans without backing.

8 0

3 years ago