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lesya692 [45]
3 years ago
10

b. Assuming the restaurant is using its resources in a profit-maximizing way, and that each worker works 5 days each week, what

is the current weekly wage rate in the labor market?
Business
1 answer:
Nata [24]3 years ago
4 0

Answer:

The current weekly wage rate in the labor market is:

$453.20

Explanation:

a) Data and Calculations:

The average hourly earnings of all employees in the United States stands at 11.33 U.S. dollars.

For 8 hours a day, this will translate to $90.64 ($11.33 * 8)

For 5 days a week, the wage rate will be $453.20 ($90.64 * 5) or ($11.33 * 40).

b) The above rate is for wage workers, who are usually paid per day or per week.  For salaried workers, the rate will be much higher and with some ranges, since salaries are not based on the factor of hourly or weekly rates.  

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vagabundo [1.1K]
I feel that D would be the correct answer because of new technology
8 0
3 years ago
Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment
user100 [1]

Answer:

The cost recorded for the equipment=$66,500

Explanation:

When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

P=purchase cost

A=additional costs(transportation cost+sales tax+installation cost)

In our case;

T=unknown

P=$60,000

A=(1,000+3,000+2,500)=$6,500

replacing;

T=60,000+6,500=66,500

The total cost=$66,500

The cost recorded for the equipment=$66,500

4 0
3 years ago
What is the meaning or moral standard?
erik [133]

Answer:

A moral standard refers to the norms which we have about the types of actions which we believe to be morally acceptable and morally unacceptable. Specifically, moral standards deal with matters which can either seriously harm or seriously benefit human beings.

Explanation:

may this answer is helpful for you

6 0
2 years ago
When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical dates i
PtichkaEL [24]

Answer:

Flagon Transcontinental Corp.'s board of directors announced that it will pay a $1 million dividend in three months on this date - Declaration Date  On the declaration date, the firm announces that it will pay dividends. If the company is large, it pays for a press release on a newspaper, or even, on TV.

Transcontinental Corp. actually sent the dividend checks to stockholders on this date - Payment Date.

Self-explanatory, this is the date on which checks are sent to shareholders who were recorded eligible for payment on the record-date.

Flagon Transcontinental Corp.'s board of directors declared that whoever is listed as the owner of the stock on this date will receive the dividend for this year - Holder-of-Record date.

Also known as the record date, on this date, the firm determines which shareholders will receive the dividend.

Transcontinental Corp.'s board of directors set this date as the date on which the right to the current dividend no longer accompanies the stock - Ex-Dividend Date.

On this date, the value of the next dividend payment is substracted from the stock price. The Ex-Dividend Date is usually the day before the Record-Date, because shareholders that were found uneligible for dividend payment are now the holders of ex-dividend stocks.

7 0
2 years ago
Suppose two​ countries, Country A and Country​ B, have a similar real GDP per capita. Country A has an average economic growth r
ozzi

Answer:

D

Explanation:

Many studies have found a positive correlation between economic growth and living standards. This means that empirical works have found that countries with higher economic growth, often have better living standards than the countries with less economic growth. In this case if real GDP per capita of both countries is similar, then they are comparable.

We can deduce that the country B will experience an increase in living standards much more rapidly in the long run because economic growth leads to an increase in profits for firms, there would be a better capital and labor return. This means that firms will pay more for capital and labor, if households are de owners of capital and labor, their rents and wages will increase. The disposable income will increase for households and they will consume more goods and services, then their living standards will increase.

7 0
3 years ago
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