Answer:
False
Explanation:
Binding minimum wage refers to the minimum wage that not just prevent the labor market from reaching equilibrium but also exceed the wage equilibrium in the market. If the minimum wage is set higher than the equilibrium, most people in the market have to move the wage equilibrium up.
Given that economists call a minimum wage that prevents the labor market from reaching equilibrium a binding minimum wage.
So, a minimum wage below $10 per hour is a binding minimum wage in this market.
Hence, the given statement is false.
The answer is modified purchasing decision. It is because in this type of method, James is set to change a particular thing, quantity or quality, to be able to produce or get something more better in which is indicative of his problem above of having to decide to buy a new bicycle because he has an old one.
Answer: $71,276
Explanation:
Cost reconciliation schedule is as follows:
= 0.6
= $3.04
Total cost account for:
= Transferred out + total work in progress
= [(0.60 + 3.04) × 18,300] + [(2,200 × 0.6) + (2,200 × 3.04 × 0.50)]
= $66,612 + [$1,320 + $3,344]
= $71,276
Thus, the total cost accounted for is $71,276.
Answer:
$1,997.62
Explanation:
Calculation to determine the prorated amount the Simpsons will owe the Martins at closing.
First step is to Calculate daily rates for taxes to be prorated
Daily rates for taxes=$2,506 ÷ 365
Daily rates for taxes= $6.87
Second step is to calculate Martins pay for the first 74 days which is January 1 through March 15
Pay=74 x $6.87
Pay= $508.38
Now let determine the prorated amount
Prorated amount=$2,506 - $508.38
Prorated amount= $1,997.62
Therefore the prorated amount the Simpsons will owe the Martins at closing is $1,997.62
Certain regulatory changes (such as antitrust regulation and tax laws) create incentives or disincentives for diversification that:<u> are value-neutral</u>
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Concentric diversification refers back to the development of recent services and products which can be similar to the ones you already promote. as an instance, an orange juice brand releases a new “smooth” orange juice drink alongside it its hero product, the orange juice “with bits”.
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Diversification is a method that reduces threats by way of allocating investments among numerous monetary gadgets, industries, and different classes. It pursuits to maximize return by using investing in one-of-a-kind areas that need to react otherwise to modifications in market situations.
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