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3 years ago

Suppose a senator introduces a bill to legislate a minimum hourly wage of $6. This type of price control is called a

Business

2 answers:

Alekssandra [29.7K]3 years ago

7 0

Legislative movement from the 1980’s

-Dominant- [34]3 years ago

6 0

Answer:

Price Floor

Explanation:

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Neighbors Bicycles needed more bicycle seats. It decided to order gel seats in addition to the traditional seats it had always o

Eva8 [605]

Answer:

The answer is: Modified rebuy

Explanation:

A modified rebuy happens when a company (or an individual consumer) will buy a product or service which it has already purchased in the past. But now the company wants to change either the supplier, the product's specifications (e.g. gel seats) or the terms of the sale.

7 0

3 years ago

On December 31 of the current year, Pilozzi Company has the following information available:

Aleksandr [31]

Answer:

On December 31 of the current year, can the Board of Directors declare and pay a cash dividend of $ 2 million

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

Explanation:

Companies can pay dividends in cash or additional shares.

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

6 0

3 years ago

Santana Company exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the o

Ede4ka [16]

Solution :

We know that the exchange takes place when the FMV receive is equal to the FMV given up.

Where the FMV = fair market value

The commercial substance means the future cash flows exchange.

The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.

The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :

Transaction Debit ($) Credit ($)

Asset(new) 11,000

Accumulated depreciation(old) 9,000

Asset (old) 28,000

Cash 2000

The journal entries for Delaware Corp. when the exchange lacks the commercial substance.

Transaction Debit ($) Credit ($)

Asset(new) 16,000

Accumulated depreciation (old) 10,000

Loss 2500

Assets (old) 28,000

7 0

3 years ago

When the price of gas goes up and the demand for tires goes down, this means tires and gas are:?

seropon [69]

Tires and gas are products needed for cars. Gas need as fuel for car and tire need as footwear for car. Gas is up and there is no need more footwears for car because these products in machine industry depends from each other.

4 0

3 years ago

Ms. BK is a self-employed architect who earns $205,000 annual taxable income. For the past several years, her tax rate on this i

scoray [572]

Answer:

a.- 20,500 less tax collected

b.- 1,750 less tax collected

c.- 26,750 less tax collected

Explanation:

<u>under a static forecast:</u>

205,000 x (0.35-0.25) = 205,000 x 0.1 = 20,500

The government will collect 20,500 less dollars from Ms BK's

<u>under a flexible forecast:</u>

205,000 x 35% - 280,000 x 25% = 71,750 - 70,000 = 1,750

It will loss tax revenue for $1,750

205,000 x 35% - 180,000 x 25% = 71,750 - 45,000 = 26,750

3 0

3 years ago