A bank teller's hourly wage will increase from $24 to $27.60. This represents a 15% increase in wages.
Increase by = $27.60 - $24 = $3.60
Increase percentage= $3.60 × 100% / $24 = 15%
What are wages?
A wage is the amount of money that companies give to their employees on an hourly or daily basis. Since a wage is a fixed rate, people usually get paid according to the number of hours or days they worked over the week. For instance, a retail worker who works 30 hours per week could earn $18 per hour.
What happens when the wage increases?
Increased wages lead to inflation because doing business becomes more expensive as workers are paid more by employers. To retain the same level of profitability, businesses must raise the prices they charge for their products and services to offset the cost increase.
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Answer:
The correct answer is C. The firm is producing at the point where marginal cost equals average cost.
Explanation:
According to the cost curve, if the marginal component is exactly equal to the total cost, the average total cost is the minimum. If the marginal cost equals variable cost, the moving average cost is the minimum.
Lisa is ready to go into introduction, the product is just getting on to the market and a low income on these goods are expected as the product is not well known. As time goes on the product will go into the growth stage
Answer:
C) no tax benefit or liability
Explanation:
when you sell an asset, you must determine the gain or loss on the transaction and that is calculated by ⇒ sales price - book value
If both sales price and book value are the same, no gain or loss will result. You are taxed only when you have a gain, or you get a tax benefit only if you have a loss, but when the net result is 0, nothing happens.
Answer:
Final cost of Inventory $3,845.30
Explanation:
Calculation for the JC Manufacturing's final cost of the inventory that it kept
JC Manufacturing's final cost of inventory
Purchase Cost of inventory $4,900
Less Purchase returns and allowance ($1,470)
(30%*$4,900)
Less Purchase return ($14.70)
(1%*$1,470)
Add freight in $430
Final cost of Inventory $3,845.30
Therefore the Final cost of Inventory will be $3,845.30