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Natali5045456 [20]
2 years ago
11

when comparing a retail business to a service business, the financial statement that changes the most is the

Business
1 answer:
Leona [35]2 years ago
7 0

Answer:

The income statement.

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Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the fo
vekshin1

Answer:

Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.

Wage           Labor Demanded            Labor Supplied

$12.50               375,000                           625,000

This will result in a surplus of labor (625,000 higher than 375,000)

Which of the following statements are true?

  • Binding minimum wages cause structural unemployment.  As with all price floors, a deadweight loss results, because the quantity supplied is much greater than the quantity demanded. In this case, the price of labor is the wage, and the deadweight loss = structural unemployment
  • In the absence of price controls, a surplus puts downward pressure on wages until they fall to the equilibrium. Since a labor surplus exists, the price of labor should start to decrease in order to match the equilibrium price.
  • If the minimum wage is set at $12.50, the market will not reach equilibrium. The quantity supplied of labor is much greater than the quantity demanded for labor resulting in a surplus.

6 0
3 years ago
Jane Cagle’s company wants to establish kanbans to feed a newly established work cell. The following data have been provided. Ho
SCORPION-xisa [38]

Answer:

22.5

Explanation:

According to the given situation, the computation of the number of kanbans is shown below:-

Number of kanbans needed = [(Demand × Lead time) + (Demand × Safety stock)] ÷ Kanban size

= (750 × 0.5) + (750 × 0.25) ÷ 25

= 22.5

Therefore for computing the number of Kanbans we simply applied the above formula by considering all items

4 0
3 years ago
Ethics Learning to recognize ethical issues is the most important step in understanding business ethics.
valkas [14]

Answer:

A) True

Explanation:

Ethical learning can be regarded as educational proposal that has the purpose of preparing students as regards their future working life , through rendering of help to acquire skills that will give them enablement to perform their professions with responsibility as well as autonomy.

Business ethics can be regarded as study of needed business policies as well as business practices. Subject needed to learn could involves could be corporate social responsibility,corporate governance and others. It should be noted that Ethics Learning to recognize ethical issues is the most important step in understanding business ethics.

5 0
2 years ago
Is the end-to-end process of managing a supplier through the entire sourcing life cycle?
dalvyx [7]

The answer is  the Supplier Relationship Management.

Supplier relationship management (SRM is a methodical way to analyzing suppliers that supply an organization with goods, materials, and services, establishing each supplier's contribution to success, and devising plans to enhance their performance.

The SRM discipline aids in determining the value that each supplier delivers and which ones are most important to company continuity and performance. It also helps managers to establish stronger connections with suppliers depending on the significance of each source.

Therefore, the answer is supplier relationship management.

To know more about supplier relationship management click here:

brainly.com/question/23864794

#SPJ4

5 0
2 years ago
On October 1, 2021, the Allegheny Corporation purchased equipment for $191,000. The estimated service life of the equipment is 1
irakobra [83]

Answer:

a). Partial-year depreciation for 2021 is $4,675

b). Partial-year depreciation for 2022 is $18,700

Explanation:

The final value of the equipment after 10 years=$4,000

Depreciation=Initial purchase value-residual value after 10 years

where;

Initial purchase value=$191,000

Value after 10 years=residual value=$4,000

Replacing;

Depreciation=(191,000-4,000)=187,000

In 10 years the equipment will have depreciated by $187,000

Average depreciation per year=Depreciation/service life

Average depreciation per year=(187,000/10)=$18,700

Partial-year depreciation for;

2021

Service life is from October-December=3 months service life

Partial-year depreciation=(3/12)×18,700=$4,675

Partial-year depreciation for 2021 is $4,675

2022

Service life is for the whole year=12 months service life

Partial-year depreciation=(12/12)×18,700=$18,700

Partial-year depreciation for 2022 is $18,700

8 0
3 years ago
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