Answer:
a) has a significant effect on the unemployment rate since a large part of the labor force earns the minimum wage.
Explanation:
The minimum wage law ensures that all employees have a minimum income to live with dignity. Although there is a big debate among economists, the liberal current suggests that the minimum wage law has a major impact on the unemployment rate, especially among the poorest. According to these economists, the minimum wage is instituted above the productivity level of most people, which causes companies to lose efficiency. If wages were fluctuating, according to market law, more workers would probably be hired for wages tied to their productivity. Therefore, among the options, the first seems to be the most correct.
Answer:
Pauls' share in partnership=(131000+91000+111000+171000)*0.15%= $75600
Balance in Caitlin’s capital account immediately after Paul’s admission = 131000-(75600-71000)*30%= $129160
Answer:
The correct word for the blank space is: complement.
Explanation:
A good or service that is used in conjunction with another good or service is a complement. Companies and economists study complementary goods to understand consumer decisions and buying patterns. Complementary goods have little to no value when they are consumed alone but when combined with another good or service both benefit through added value.
Answer:
before tax 305,500
tax expense 48,880
after tax 300,620
Explanation:
income from continuing operations of 319,000
Capital gain 33,500
understatement of 2016 income 20,000
loss on available-for-sale securities. (58,800)
discontinued operations <u> (8,200) </u>
Total other comprehensive income 305,500
tax expense 16% <u> (48,880) </u>
net 300,620
We will list each transaction, notice the understatement of 2016 income means the company recognize a lower income than it should, so we increase the other comprehensive income.
