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Elanso [62]
3 years ago
7

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

You might be interested in
Berta Company recently lost its entire inventory in a fire. The following information is available from its accounting records:
Simora [160]

Answer:

Lost Inventory would be $2.000

Explanation:

Consider the following calculations and variables

  • Inventory cost at beginning : $1000
  • Purchase : $13,000
  • Sales : $20000
  • cost of Goods Available = $1000 + $13,000 = $14,000
  • Gross Profit percentage is 40%. So Cost of Goods Sold = 100-40 = 60%
  • Cost of Goods Sold = $20000 * 60% = $12000
  • Ending Inventory = Cost of Goods Available - Cost of Goods Sold = $14000 - $12000 = $2000

Lost Inventory would be $2000

8 0
3 years ago
Assume the multiplier is 5 and that the crowding-out effect is $30 billion. An increase in government purchases of $20 billion w
saul85 [17]

Answer:

b. right by $70 billion

Explanation:

The computation of the amount that shift to the aggregate demand curve is shown below;

= Multiplier × government purchase - crowding out effect

= 5 × $20 billion - $30 billion

= $100 billion - $30 billion

= $70 billion

So it would right by $70 billion

hence, the correct option is b,

The other options seems incorrect

8 0
3 years ago
A savings deposit is a type of Group of answer choices time deposit that earns interest and allows the depositor to write checks
Korvikt [17]

Answer:

The answer is that the saving deposit is the account of interest earning at a bank or institution in which funds can be drawn out or withdrawn at anytime without a penalty payment.

Explanation:

Saving deposit is a kind of bank deposit where mostly an individual or person or a non- profit organization drawing or withdrawing regular interest and it is payable on the notice of 30 days.

Therefore, it is a kind of account where interest earning at the bank or at institution and allows withdraw of funds at anytime without penalty.

3 0
3 years ago
To athletes around the world, Gatorade is the sports drink that represents the heart, hustle and soul of athleticism and gives t
melomori [17]

Answer:

The benefits that Gatorade provide are the points of difference.

Explanation:

Point of difference:

In Marketing, point of difference of a company are the qualities that make it different from its competitor. The point of difference of a company plays a crucial role in the success of a business.

For example:

If a shoe making company has such a sole quality that no other competitor make such soles then it is the point of difference of that company.

  • In our scenario, the points of difference of Gatorade are that it provides fuel for working muscles, fluid hydration and electrolytes etc.
8 0
4 years ago
Jill’s Dress Shop had a beginning balance in its inventory account of $40,000. During the accounting period, Jill’s purchased $7
Mazyrski [523]

Answer:

Costs of goods available for sale is $110,250

ending inventory is $27,950

Explanation:

Cost of goods available comprises of the opening stock of inventory plus purchases minus the goods returned as well as purchases discounts plus the cost of transportation in-cost

Costs of goods available=$40,000+$75,000-$5000-$750+$1000=$110,250

ending inventory  is calculated as the difference between costs of goods sold and costs of goods available for sale

costs of goods sold is $82,300

costs of goods available is $110,250

ending inventory=$110,250-$82,300=$27,950

4 0
3 years ago
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