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3 years ago

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

Business

1 answer:

creativ13 [48]3 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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Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are c

ch4aika [34]

The procedures are called PREVENTIVE CONTROLS. Preventive controls are part of internal control which are purposely built into the system.There are many types of preventive controls, for instance, separation of purchasing and accounting personnel in a company is an example of preventive control.

7 0

3 years ago

Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and dire

Anvisha [2.4K]

Answer:

Results are below.

Explanation:

Giving the following information:

Total manufacturing costs, $8,450,000

Manufacturing overhead allocated, $3,750,000 (allocated at a rate of 250% of direct manufacturing labor costs)

Work-in-process inventory on January 1, 2017, $390,000

Cost of finished goods manufactured, $8,020,000

<u>First, we need to calculate the direct material and direct labor:</u>

Direct labor= Manufacturing overhead allocated/2.5

Direct labor= 3,375,000 / 2.5

Direct labor= $1,350,000

Total manufacturing costs= Direct material + direct labor + allocated overhead

8,450,000= Direct material + 1,350,000 + 3,375,000

Direct material= $3,725,000

<u>Finally, the ending work-in-process:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

8,020,000= 390,000 + 8,450,000 - Ending WIP

Ending WIP= $820,000

3 0

2 years ago

The owner of a soccer team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per play

AVprozaik [17]

The most probable answer here should be the teams playing. Each of the fans will have to support their favorite team, making the stadium be in more demanding situation if the fans' favorite teams are on play. The number of seats will most likely sell out during this period.

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3 years ago

If assets have decreased by $4,000, or stockholders' equity has increased by $4,000, then total liabilities must have A : increa

patriot [66]

Answer:

C : decreased by $4,000

Explanation:

As we know that

The accounting equation is

Total assets = Total liabilities + stockholder equity

To balance the balance sheet we use the accounting equation

That means the total assets is equal to the sum of the total liabilities and the stockholder equity

Since in the given situation, the assets decreased by $4,000 or if the stockholder equity has increased by $4,000 so the total assets must also decreased by $4,000 itself

5 0

3 years ago

What is the wholesaling industry??

FromTheMoon [43]

Wholesaling is the opposite of retailing. In a wholesaling industry, goods or products are being sold, and distributed to retailers. The wholesalers receives large quantities of these products and they are the ones who sells these to the retailers which are then sold to consumers. Hope this answers your question.

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3 years ago