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2 years ago

What would wages look like if there was no minimum wage?

Business

1 answer:

creativ13 [48]2 years ago

7 0

Answer:

if changed now they'd probably stay the same

Explanation:

people aren't going to buy anything if they don't have enough money to even feed themselves so if wages were lowered, especially minimum wage, that would be pretty bad lol

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13.. Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $150,000 d

tatuchka [14]

Answer:

$800,239.40

Explanation:

Calculation for the balance in Francisco lease liability at December 31, 2022

First step is to find the Liability for the year end 31st December 2021

Using this formula

Liability as on 31st December 2021=Initial Value of the Liability - Annual Payment

Let plug in the formula

31st December 2021 Liability =$1,013,854-$150,000

Liability as of 31st December 2021=$863,854

Second step is to find Interest for the Year 2022

Interest =$863,854×10%

Interest =$86,385.40

Third step is to less the interest amount from the Annual payment

Annual Payment $150,000- Interest $86,385.40

=$63,614.60

Last step is to find the balance in the lease liability at December 31, 2022

Lease liability balance = $863,854 -$63,614.60

Lease liability balance=$800,239.40

Therefore What should be the balance in Francisco lease liability at December 31, 2022 will be $800,239.40

5 0

2 years ago

On January 1, Year 1, the Hoverman Corporation made amendments to its defined benefit pension plan, resulting in $150,000 of pas

Lapatulllka [165]

Answer:

Check the explanation

Explanation:

In IFRS according to IAS 19 all past service cost is recognized in the net income in the period in which amendment (change) is made by entity for defined benefit pension, it does not matter what is the status of the employees who will benefit the change. So in Year 1 $150000 will be expended completely and in subsequent years the amount is $0

Year 1 =$150000

Subsequent years= $0

b) In US GAAP the past service cost is recorded in Accumulated other comprehensive income in the year of amendment. It is amortized over the future working life of the participants.

Year 1 is year of adoption hence $0 is amortized because $150000 is included in Accumulated other comprehensive income.

Subsequent years: (150000/10=15000) $15000 will be amortized for each year for 10 years.

3 0

2 years ago

Ralph is a former student in AECN 141. The first exam he scored a 60%, and did not study. The second exam he scored a 75% and st

sergeinik [125]

The marginal productivity of the first hour of studying is 15%.

<h3><u>What is Marginal Productivity?</u></h3>

The additional output, return, or profit generated per unit as a result of benefits from production inputs is referred to as marginal productivity or marginal product.
Raw materials and labor are examples of inputs. According to the rule of decreasing marginal returns, the marginal productivity will normally decrease as production rises when a production element is improved.
This indicates that for every extra unit of output produced, the cost advantage often decreases.
Diminishing marginal productivity is often recognized in its most straightforward form when a single input variable exhibits a drop in input cost.
For instance, a reduction in labor expenses during the car-manufacturing process would result in slight increases in profitability per vehicle.

Formula for Marginal Productivity = (Qn – Qn-1) / (Ln – Ln-1)

The total product value is divided by the difference in labor to determine the marginal product of labor.

Know more about Marginal Productivity with the help of the given link:

brainly.com/question/13623353

#SPJ4

7 0

1 year ago

Which of the following statements about employer prejudice is true?

Andrews [41]

Answer:

D. It would be impossible for employer prejudice to exist in a firm that sells its output in a competitive market unless all rivals also discriminate.

Explanation:

In a competitive market , efficiency of employee is the only factor that is taken into account to meet the challenges of the market . The employer can not afford the cost of being prejudiced against a staff because it only has deleterious effect on the morale of the employee. So in a competitive market ,there is no scope for employer's prejudice.

4 0

2 years ago

The following transactions occur for the Wolfpack Shoe Company during the month of June:

inessss [21]

Answer:

Please see the attached snapshots for the answers.

Explanation:

Debit: Cash $30,000

Credit: Service Revenue $30,000

To record Service Revenue.

Debit: Supplies $20,000

Credit: Accounts Payable $20,000

To record purchase of supplies on account.

Debit: Salaries Expense $7,000

Credit: Cash $7,000

To record salaries Expense.

4 0

2 years ago