Answer:
- Reduce discrimination.
- Reduce exploitation.
- Reduce inequality/ poverty.
- Increase productivity.
- Economic growth.
Explanation:
It is necessary for the government to regulate wages because some companies might take advantage of little regulation to get away with many unjust and unethical actions as they chase profits or due to personal bias.
Without government regulation, there would be wage disparity between races and genders so regulation reduces that. Exploitation will also be reduced because companies will not take advantage of unemployment rates to make workers overwork themselves to keep their jobs.
Regulated wages will reduce inequality in social classes as well as poverty rates as people will be paid closer to what they deserve.
Regulated wages will also lead to improved productivity as people will be more encouraged when they are working knowing they are getting paid appropriately so they will work harder.
With people being paid appropriately, they will be able to afford more goods and invest more savings which will lead to growth in the economy.
Answer:
A trust
Explanation:
A trust is a kind of business that acts as a fiduciary or a trustee of property on behalf of another party.
Typical functions of a trust includes administration and management of the business.
The assets are eventually meant to be transferred to another person.
In the given scenario Hannah is running a hospitality business which she recieve backing from investors.
The investors have entrusted Hannah with the running of the business. So this is a trust
Answer:
Firm’s sales uncollected for year is 42 days.
Explanation:
Account receivable turnover ratio = $621,000 / $70,422
Account receivable turnover ratio = 8.69
Thus, accounts receivable turnover ratio is 8.69
Average collection period = 365 / Account receivable turnover ratio
Average collection period = 365 days / 8.69
Average collection period = 42.00
Thus, firm’s sales uncollected for year is 42 days.
Answer:
(Sales volume * Price) – (Variable costs + Fixed costs)
Explanation:
Profit is equal to Total sales less Total costs .
Here, Total costs is the addition of Variable and Fixed costs
(Sales Volume x Price) - (Variable Costs + Fixed Costs).
