1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivan
3 years ago
8

When President Obama proposed increasing the minimum wage, he argued that a minimum-wage worker today should earn the same amoun

t of money in real terms as a minimum-wage worker in 1979. But why pick 1979
Business
2 answers:
padilas [110]3 years ago
6 0

Answer:

The Minimum Wage Used To Be Enough To Keep Workers Out Of Poverty in 1979.

Explanation:

galina1969 [7]3 years ago
6 0

Answer:

the question is incomplete:

<em>When President Obama proposed increasing the minimum wage, he argued that a minimum-wage worker today should earn the same amount of money in real terms as a minimum-wage worker in 1979. But why pick 1979? Why not go back to 1938, the first year of the minimum wage? Why not 1999? For each of the years listed below, calculate what the minimum wage would be today if it had kept up with inflation since that year. Today, the minimum wage is $7.25 and the consumer price index (CPI) is 256. (Round your answer to two decimal places.)</em>

Year Minimum wage CPI  Wage today adjusted for inflation

1938 $0.25   14  $4.57    

1979 $2.90   69  $10.76    

1999 $3.80   127  $7.68

$1 in 1938 is equivalent to 256/14 = $18.29 today

so $0.25 is equivalent to $18.29 x 0.25 = $4.57  

$1 in 1979 is equivalent to 256/69 = $3.71 today

so $2.90 is equivalent to $3.71 x 2.90 = $10.76

$1 in 1999 is equivalent to 256/127 = $2.02 today

so $3.80 is equivalent to $2.02 x 3.80 = $7.68

You might be interested in
On January 4, 2019, Kiley Co. leased a building to Dodd Corp. for a ten-year term at an annual rental of $200,000. At the beginn
finlep [7]

Answer:

b. $200,000 $400,000

Explanation:

As it given that $800,000 received by Kiley,  out of which $400,000 is the security deposit amount  and remaining $400,000 represents the current year and the next year rent  

So we assume $200,000 is the current year rent revenue and the other $200,000 represents the unearned rent revenue which is reflected as a current liability

And, the security amount is shown as a long term liability

4 0
3 years ago
How could an accident impact production quality and affect your company's profits?
notka56 [123]

Answer:

The correct options could be 2, 3 and 4.

Explanation:

When an accident happens in a production unit, usually the work is stopped to make the things up and put them back to work. If workers gets injured due to that accident, they are replaced with the new workers immediately, and to hire the workers for this job immediately may result in the hiring of less competent workers that might do the same job in more time, thus reducing the productivity and can harm the quality of the product due to less knowledge or training about the job. Secondly, when accident happens, the work is stopped up till all security checks are done. So a lot of time is wasted and when the work gets start again, the quality could slip in effort to make up for the lost time. In this way the quality of the product may be affected and the profits of the organization may get down.

7 0
3 years ago
ToySpot, a soft toy manufacturer, receives an order of 250 teddy bears. For this particular order, its total inventory includes
Vinil7 [7]

Answer:

185 teddy bears are in work in progress inventory

Explanation:

given data

receives order = 250 teddy bears

fabric = 300 yards

ribbon = 200 yards

cotton = 250 pounds

to find out

how many teddy bears can be considered work-in-process inventory

solution

we know that teddy bears to be manufactured is = 250

so finished and this comes under finished goods inventory are

goods inventory = 65 teddy bears

and still in the process is 185 teddy bears

so they needs to undergo further process because the work is still not completed

so we can say that 185 teddy bears are in work in progress inventory

3 0
3 years ago
A cover letter is ______
lara31 [8.8K]
D because in the cover letter its more like a interview where you talk about yourself rather than only talking about your strengths and weaknesses and what your applying for
6 0
3 years ago
Read 2 more answers
Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.
elixir [45]

Answer:

Total cash collection= $257,500

Explanation:

Giving the following information:

Sales:

March= $250,000

April= $280,000

Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

<u>Cash collection April:</u>

Sales on account from April= 280,000*0.25= 70,000

Sales on account from March= 250,000*0.75= 187,500

Total cash collection= $257,500

8 0
3 years ago
Other questions:
  • Asymmetric Frames Corp. had a return on equity of​ 15%. The​ corporation's earnings per share was​ $6.00, its dividend payout ra
    15·1 answer
  • Karen doesn’t like driving to the local bank branch, but doesn’t think that it is secure to do financial transactions on her pho
    10·1 answer
  • The minimum insurance required is ______ for personal injury or death to any one person, ______ for death or injury to more than
    12·1 answer
  • A $7,500 face value, 20-year bond has a nominal annual coupon rate of 7.4%, paid semiannually. The yield to maturity is 5.3% con
    12·1 answer
  • In order to avoid shortsightedness, today marketers are moving toward viewing communications as managing the ________.
    6·1 answer
  • Tamarisk, Inc. incurs the following expenditures in purchasing a truck: cash price $42,000, accident insurance $2,900, sales tax
    7·1 answer
  • In 1945, an African American family tries to purchase a home in a White neighborhood, but realtors and mortgage lenders refused
    12·1 answer
  • Pick an organization (public or private) and then choose a particular type of COI that is associated with this type of organizat
    9·1 answer
  • You are in a room with 2 doors and 2 guards. One of the doors will guide you to freedom and behind the other is a certain doom -
    11·1 answer
  • In the short run, a purely competitive seller will shut down if Multiple Choice it cannot produce at an economic profit. there i
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!