The present value $180 received in one year is the best option for Marty, followed by the $220 received in five years and the $300 received in ten years.
1) $180 received in one year (present value of $171.43) 2) $220 received in five years (present value of $170.22) 3) $300 received in ten years (present value of $162.89) To rank these alternatives, Marty needs to calculate their present values using a discount rate of 5% p.a. Present value is the current value of a future cash flow, and it is calculated by discounting the future cash flow back to its present value. a) To calculate the present value of $180 received in one year, Marty can use the formula: PV = FV / (1 + r)^n
PV = 180 / (1 + 0.05)^1
PV = $171.43 b) To calculate the present value of $220 received in five years, Marty can use the formula:
PV = FV / (1 + r)^n
PV = 220 / (1 + 0.05)^5
PV = $170.22 c) To calculate the present value of $300 received in ten years, Marty can use the formula:
PV = FV / (1 + r)^n
PV = 300 / (1 + 0.05)^10
PV = $162.89 Therefore, the ranking of the alternatives based on their present values is:
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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Due to the necessity of living on a fixed income, many retirees find it difficult to _______. a. Afford to keep their large homes b. Maintain their old standard of living c. Pay for unexpected expenses d. All of the above
Answer:
D:all the above
Explanation:
i took the unit test.
Answer:
Its 100% D
Explanation:
Got a 100%
Identify Careers in Science, Technology, Engineering, and Mathematics
The potential for growth in science's diverse field is great. It provides a lively work atmosphere as well as a huge space for learning and exploration.
Determine Science-Related Careers Physicist- Physics academics investigate the characteristics of matter, energy, and time. A small group of physicists frequently conduct additional theoretical research to better understand how the universe actually works.Chemist- Chemists are scientists who study the characteristics and interactions of substances.Astronomer- Astronomers study astronomical objects such as galaxies, planets, stars, and black holes.Spacetech- Although while there are undoubtedly feasible job opportunities for science students in industries like medical, engineering, biology, and pharmacy, young people's interest in space sciences is gradually growing.Geology- If you are interested in rocks, the Earth, soil, and land, geology is the field for you. Geologists are specialists in the study of the Earth and soil.What professions are available in technology?Creating computer programs- To ensure the efficient operation of computers, software, and other applications, computer programmers write code.Science of Computing- The development and use of hardware, software, and applications are all covered under the study of computer science.Database management- Database managers and administrators work with a lot of data.Technology of Data- Data scientists utilize a range of scientific methods and algorithms to aggregate data and offer helpful insights.data visualization- Data visualization allows experts to take raw data and visually represent their findings.What does engineering include as a career?Engineering in chemical- Many companies that manufacture paint, medications, or food employ chemical engineers.Engineer for computers- Computer engineers design, develop, install, and maintain software and hardware for a range of businesses.Biomedical engineering engineer- They are in charge of developing hardware, software, and medical equipment for use in operations and computer-assisted surgery. They are engaged in the medical science industry.A mechanical engineer- To solve complex mechanical problems, mechanical engineers use cutting-edge technology to develop creative solutions.Petroleum engineering- Petroleum engineering focuses on developing the optimum procedures for removing gas and oil from onshore and offshore underground resources.What professions fall under mathematics?Market researcher- A market researcher gathers data about customers and competitors for organizations.Instructor in mathematics- A math teacher may work at schools, colleges, or universities depending on their credentials, experience, and competency.Buying manager- Purchasing managers use their aptitude for mathematic problem-solving and analysis every day.Underwriter for insurance- When you apply for insurance, insurance underwriters examine, evaluate, and assess risk on the insurer's behalf.Financial consultant- A financial planner offers advice to both people and corporations on how to manage their finances.Learn more about Geologists: https://brainly.com/question/15465902
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU4x+2/2 -(-2x)
Like ansa it now
Answer:
6x + 1
Explanation:
Given
4x+2/2 -(-2x)
Required
Solve
To start with, rule of BODMAS must be applied; meaning that we start by simplifying the bracket.
4x+2/2 -(-2x) becomes.
4x + 2/2 + 2x
The next step is to simplify all divisions.
4x + 2/2 + 2x becomes
4x + 1 + 2x
Collect like terms
4x + 2x + 1
6x + 1
Hence,
4x+2/2 -(-2x) is equivalent to 6x + 1
Why is it important for a person to invest and save
identify ten entrepreneur and classify them under the types of entrepreneur
Answer: There are only five types of entrepenuer...
1. Skeptical entreprenuer: Sees the success of others and questions it.
2. Copycat entreprenuer: Sees the success of others and copys them exactly.
3. Research entrepreneur: They research every possible scenario and outcome for strategies to start or grow a business...
4. The determined entrepreneur: - hasn't made it yet- but will.
5. The accolmplished entrepreneur: Has gone through all types of entrepreneur and has built success from it.
Explanation: Hope this helps!
Determine the bid price for a project that you are estimating has the following itemized costs Direct Labor Cost - $200,000 Direct Material Cost - $350,000 Direct Equipment Cost - $200,000 Sales Tax - 8% Markups & other add-ons - $150,000 $928,000 $972.000 $960,000 $944.000
The bid price for the project is determined by summing up the itemized costs, adding the sales tax, and including markups and other add-ons. The provided options range from $928,000 to $972,000.
What is the bid price for the project considering the itemized costs, sales tax, and markups?To determine the bid price for the project, you would sum up the itemized costs and add the applicable sales tax and markups.
Based on the given options, the bid prices range from $928,000 to $972,000.
The bid price should consider the direct labor cost of $200,000, direct material cost of $350,000, direct equipment cost of $200,000, sales tax of 8% (which would vary based on the location and tax regulations), and markups and other add-ons of $150,000.
The specific bid price within the provided options would depend on the calculations of the sales tax and markups applied.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Underlying the dividend irrelevance theory proposed by Miller and Modigliani is their argument that the value of the firm is determined only by its basic earning power and its business risk. (True or False)
True, The foundation of Miller and Modigliani's suggested dividend irrelevance hypothesis is their claim that the firm's worth is solely decided by its fundamental earning capability and its business risk.
What is Business Risk?Business risk is the possibility that a company or organization will experience declining profits or collapse. Anything that undermines a corporation is a risk. the ability of the organization to achieve its financial goals. Business risk can result from the interaction of several factors. senior executives of a company or Leadership may on occasion create conditions that subject a corporation to greater levels of risk.
However, there are times when a firm is not the only source of danger. As a result, a business cannot completely protect itself against danger.
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Workplace CrossWord Help:
Engineering solution for keeping workers safe while operating equipment words
(13 Letter Word) —2(words)
Answer:
Hazard Control
Explanation:
Hazard control can be defined as the a worldwide accepted system that is setup by industries or companies to ensure the reduction or elimination of work hazards.
It is usually passed across to managers through training and the managers in turn ensure that the employees are trained as well thus ensuring that the practices become standard practices in the organization.
cheers
A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o
Answer:
B. evaluate the possible positive and negative effects of different economic decisions.
Explanation:
Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.
Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.
This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.
Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.
Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
An increase in demand means that quantity demanded is higher at each price level. True or false
Answer:True
Explanation:
What things might cause disputes in a partnership??
The reorder point in Littlefield was set at 4200 kits initially. The lead time for replenishment was 4 days. Assuming that the daily number of orders (for 60 receivers) placed on the factory is normally distributed with a mean of 12.22 and a standard deviation of 3.41, then the initial reorder point provided a service level less than 99%
The Chick-fil-A fast food restaurant is interested in examining the capacity of a new, mini-restaurant that they have created. The restaurant offers the following menu:
Chicken Sandwich $5.00
Chicken Nuggets $4.50
Large Fry $2.00
Small Fry $1.25
Drink $1.50
Through market research, Chick-fil-A has discovered that 40% of their arriving customers will purchase a sandwich and 40% will purchase nuggets (20% of arriving customers do not purchase any chicken). All customers buy a drink and all customers buy fries, with 1/3 choosing a large fry and 2/3 choosing a small fry.
Chick-fil-A has two people working at the counter who take and fill orders from customers. On average, it takes 20 seconds for one of these counter people to take the customer’s order, get their drink, and get the rest of their meal. There are two people who work in the back room, one cooking fries and the other preparing chicken. The fry cook spends 3 minutes preparing each 2 pound batch of fries. A large fry consists of 1/4 pound of fries, and a small fry consists of 1/8 pound. The chicken preparer spends 10 seconds on each sandwich and 5 seconds on each order of chicken nuggets.
(a) (30 points) What is the capacity of each resource (Counter Help, Fry Cook, and Chicken Preparer), measured in customers per hour?
(b) (20 points) Chick-fil-A is considering the addition of a hand-scooped milk shake onto their menu. The milk shake would sell for $4.00, and would take 30 seconds to prepare for each customer. Chick-fil-A has a corporate policy that customers should be served within 1.5 minutes. In order to adhere to this policy, they are planning to hire a dedicated milk shake maker to work at the facility. Analysis has revealed that both the time between arriving customers and the time to make a milk shake are distributed exponentially. Given the variability, Chick-fil-A has determined that the average throughput time for a milk shake must be no more than 50 seconds in order to consistently meet the 1.5 minute service standard. What is the maximum number of customers/hour who can order a milkshake and still have the average throughput time within the 50 second limit?
(a) Capacity of Counter Help = 180 customers/hour, Capacity of Fry Cook = 89 customers/hour, Capacity of Chicken Preparer = 200 customers/hour (b) Maximum number of customers per hour for milkshake = 0.00714 or 0.714%
(a) Resource capacity refers to the maximum amount of output that a particular set of resources can produce, whether that be machines, employees, or other inputs. Chick-fil-A restaurant's capacity of each resource is as follows: Capacity of Counter Help (hours):The cycle time for a customer to complete the transaction is calculated as 20 seconds per order. The total time available per hour is 60 minutes or 3600 seconds per hour. The total number of customers that can be served per hour is calculated as: 3600/20 = 180 customers per hour. Capacity of Fry Cook (pounds): The cycle time per batch of fries for the fry cook is calculated as 3 minutes per 2 pounds batch.
The total time available per hour is 60 minutes or 3600 seconds per hour. Each customer orders 1.33 pounds of fries on average. The number of customers that can be served per hour is calculated as: 3600/(3*60/2*1.33) = 89 customers per hour. Capacity of Chicken Preparer (pieces): The cycle time for a chicken sandwich is calculated as 10 seconds per sandwich. The cycle time for an order of chicken nuggets is calculated as 5 seconds per order. The total time available per hour is 60 minutes or 3600 seconds per hour. Each customer orders one sandwich or one order of chicken nuggets on average. The number of customers that can be served per hour is calculated as: (3600/(10+5)) = 200 customers per hour.
(b) Maximum number of customers per hour who can order a milkshake and still have the average throughput time within the 50 second limit can be calculated using the below formula; Maximum number of customers per hour= 1/(average time per customer) As we know, that average throughput time for a milkshake must be no more than 50 seconds to meet the 1.5 minute service standard. Thus the average time per customer is 50 + 90 (1.5-0.5).Thus the maximum number of customers per hour that can order a milkshake and still have the average throughput time within the 50 second limit is given as: Maximum number of customers per hour = 1/140Maximum number of customers per hour = 0.00714 or 0.714%.
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A(n) _______ is a firm pursuing profits that offers products and services projected to fulfill consumers' needs.
A(n) enterprise is a firm pursuing profits that offers products and services projected to fulfill consumers' needs.
What is an enterpriseAn enterprise or business is an organization or entity that operates with the primary goal of making a profit. It engages in various activities such as producing goods or providing services that are intended to satisfy the needs and wants of consumers.
The purpose of an enterprise is to identify market demands, develop products or services to meet those demands, and offer them to consumers in exchange for payment.
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Prove you know what diminishing marginal utility is by creating an example of your own. Your example
cannot be food related.
Hi there, I'm not answering this question, sorry.
Your task clearly states you must think of your own example and prove what you know. That's why.
Please, if you're coming onto the Brainly website, at least improve your questions.
All economies are technically mixed.
A. True
B. False
Answer:
True
Explanation:
Every economy in the real world regardless of their common designation (such as capitalism, socialism, or communism) make use of both markets and governments and is technically a mixed economy. ... Governments force allocation through involuntary taxes, laws, restrictions, and regulations.
Answer:
yes
Explanation:
I just know it hope it helps bro
In the log-log model, the slope coefficient indicates
A) the effect that a unit change in X has on Y.
B) the elasticity of Y with respect to X.
C) ΔY / ΔX.
D) ΔY / ΔX. × Y/X .
interpretation only holds when Y and X are in their original units, not in logarithmic form. Therefore, the correct answer to the question is still B the elasticity of Y with respect to X.
The log-log model is a linear regression model that uses logarithmic transformations of both the dependent variable (Y) and the independent variable (X) in order to estimate the relationship between them. Specifically, the model is specified as follows:
log(Y) = α + β log(X) + ε
where α is the intercept term, β is the slope coefficient, and ε is the error term.
The main advantage of the log-log model is that it allows us to estimate the elasticity of Y with respect to X, which is a measure of the percentage change in Y that results from a 1% change in X. This is because the slope coefficient in the log-log model is equal to the elasticity of Y with respect to X. Therefore, the correct answer to the question is B) the elasticity of Y with respect to X.
To understand why this is the case, we need to take the derivative of the log-log model with respect to X:
d(log(Y))/d(X) = β d(log(X))/d(X)
Using the chain rule, we can simplify this expression:
d(log(Y))/d(X) = β/X
This tells us that the percentage change in Y resulting from a 1% change in X is equal to β/X. In other words, the elasticity of Y with respect to X is β/X. It's worth noting that this interpretation of the slope coefficient only holds when both Y and X are in logarithmic form. If only one of them is transformed, the slope coefficient will not equal the elasticity of Y with respect to X. Furthermore, if we exponentiate both sides of the log-log model, we can see that the slope coefficient represents the effect that a unit change in X has on Y in percentage terms. This is because:
Y = exp(α) * X^β * exp(ε)
Taking the derivative of this equation with respect to X, we get:
d(Y)/d(X) = exp(α) * β * X^(β-1) * exp(ε)
Dividing both sides by Y and multiplying by X/Y, we get:
ΔY / ΔX. × Y/X = β
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Write down two or three ways you compare yourself to others.
some catholic artists working in protestant territories during the reformation are
During the Reformation, Catholic artists like Hans Holbein, Peter Paul Rubens, Annibale Carracci, Albrecht Dürer, and El Greco continued to create art in Protestant territories, showcasing their adaptability and appealing to diverse religious audiences.
During the Reformation, when Protestantism was spreading and challenging the Catholic Church's dominance, there were indeed Catholic artists who continued to work in Protestant territories. Some notable examples include:
1. Hans Holbein the Younger (Germany/England): Holbein, a prominent German painter, moved to England and became the court painter to King Henry VIII. Despite the English Reformation, Holbein continued to produce portraits for the royal court and other prominent figures.
2. Peter Paul Rubens (Flanders): Rubens, a renowned Flemish painter, worked predominantly in the Catholic territories of Flanders. However, he also received commissions from Protestant patrons and completed works for Protestant churches and rulers.
3. Annibale Carracci (Italy): Carracci, an Italian Baroque painter, lived during the time of the Counter-Reformation. While he primarily worked in Catholic regions such as Bologna and Rome, his works also influenced Protestant artists of the time.
4. Albrecht Dürer (Germany): Dürer, a leading German artist of the Renaissance, lived during the Reformation period. Although he was known for his religious works and held strong Catholic beliefs, his art had an impact beyond religious boundaries and appealed to both Catholic and Protestant audiences.
5. El Greco (Spain): El Greco, a Greek artist who worked in Spain, created religious art during the period of religious tension between Catholics and Protestants. His distinct style and expressive religious paintings gained recognition and popularity in both Catholic and Protestant circles.
These artists navigated the religious and political landscapes of their time, adapting their art to cater to both Catholic and Protestant patrons and audiences. They demonstrated artistic skill and versatility by producing works that appealed to different religious sensibilities while maintaining their own Catholic identities.
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0) Which of these statements apply to Retail Store to Retail Store Transfers? Is initiated to reduce losses of expiring products The request to transfer is identified at the corporate level and communicated to the store A store needs a specific item quickly and asks another store for it Reduces the excess inventory levels of organization
Answer:
The request to transfer is identified at the corporate level and communicated to the store
Explanation:
When the condition arises for transferring the retail store to retail store transfer then the first thing the organization do is requesting for transfer to the corporate level and on the other side the corporate level people check whether there are actually needed or not and also the communication would be made to the store
Hence, the second last option is correct
What is a Need and Want and give some examples
for the $42,820 million reported as "common stock and additional paid-in capital," what portion is common stock and what portion is additional paid-in capital?
To determine the portions of common stock and additional paid-in capital from the total amount of $42,820 million, you will need to access the company's balance sheet or financial statements. These documents contain detailed information about the company's equity structure and can be found in the company's annual report or other financial disclosures.
Here's a step-by-step guide to help you find the information:
1. Locate the company's financial statements: You can find these in the company's annual report, which is usually available on its website, under the "Investor Relations" or "Financial Information" section.
2. Look for the balance sheet: The balance sheet is one of the main financial statements and will contain information about the company's assets, liabilities, and equity. It is typically labeled as "Consolidated Balance Sheet" or "Statement of Financial Position."
3. Find the equity section: Within the balance sheet, there should be a section dedicated to equity, which includes common stock, additional paid-in capital, and other equity components. This section is usually found towards the bottom of the balance sheet.
4. Identify the amounts for common stock and additional paid-in capital: Look for line items labeled "Common Stock" and "Additional Paid-in Capital" or similar terms. The amounts reported beside these line items represent the respective portions of the total $42,820 million.
Once you have found the amounts for common stock and additional paid-in capital, you will have successfully determined the portions of the $42,820 million in question. Remember to always refer to the company's financial statements for accurate and up-to-date information.
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The amount of time needed for the cash flows from an investment to pay for its initial cost is the _____ period.
The payback period is the length of time required for the cash returns from an investment to offset its initial cost.
By payback period, what do you mean?The length of time needed to repay the initial monetary investment is known as the payback period. In other terms, it is the length of time that passes after a machine, facility, or other investment generates enough net income to pay its costs.
What is the time frame for an investment to produce enough cash flows to recoup its initial investment?The time it takes to recover the money invested is used to calculate the payback period, which ignores the time value of money. For instance, the payback period is five years if it takes five years to recoup the cost of an investment.
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Why might an employee complain to their employer?
Restwell plc, a hotel and leisure company, is currently considering taking over a smaller private limited company, Staygood Ltd. The board of Restwell is in the process of making a bid for Staygood but first needs to place a value on the company. Restwell has gathered the following data: Restwell Weighted average cost of capital 12% - P/E ratio 12% - Shareholders' required rate of return 15% - It is estimated that the shareholders in Staygood require a rate of 20% higher than the shareholders of Restwell due to the higher level of risk associated with Staygood. Restwell estimates that cash flows at the end of the first year will be £2.5 m and these will grow at an annual rate of 5%. Restwell also expects to raise £5 m in two years' time by selling off hotels of Staygood that are surplus toits needs. Give the above information, estimate values for Staygood using the following valuation methods: - (a) Price/earnings ratio valuation - (b) Gordon growth model - (C) Discounted Cash Flow Valuation
Restwell is in the process of taking over a smaller private limited company, Stay
good Ltd. The first step in making a bid for Stay
good is to determine the value of the company.
The share holders of Restwell have a weighted average cost of capital of 12%, P/E ratio of 12%, and a required rate of return of 15%.
Since Stay
good is more risky than Restwell, the shareholders in Stay
good require a rate of 20% higher than the shareholders of Restwell. Restwell estimates that cash flows at the end of the first year will be £2.5m and these will grow at an annual rate of 5%. Restwell also expects to raise £5m in two years' time by selling off hotels of Stay
good that are surplus to its needs.
The valuation methods used to determine the value of Stay
good are the following:
Price/Earnings Ratio valuation:
To estimate the value of Stay
good using the Price/Earnings Ratio method, the formula is:
Value = Earnings per share * Price/Earnings Ratio
(Earnings per share = £2.5m)Price/Earnings Ratio = P/E ratio + (P/E ratio * required rate of return) = 12% + (12% * 20%) = 14.4%Value = £2.5m * 14.4 = £36
m
Gordon Growth Model:
The Gordon Growth Model estimates the value of a company based on its future dividends. The formula is:
Value = Dividend per share / (Required rate of return - Dividend growth rate)(Dividend per share = Earnings per share * dividend payout ratio = £2.5m * 100% = £2.5m)
Required rate of return = shareholders' required rate of return + risk premium = 15% + 20% = 35%Dividend growth rate = 5%Value = £2.5m / (35% - 5%) = £8.33m
Discounted Cash Flow Valuation:
To estimate the value of Stay
good using the Discounted Cash Flow method, the formula is:
Value = Present value of cash flows + Present value of terminal value(Present value of cash flows = £2.5m / (1 + 12%)^1 + (£2.5m * 1.05) / (1 + 12%)^2 = £4.17mPresent value of terminal value = £5m / (1 + 12%)^2 = £3.73mValue = £4.17m + £3.73m = £7.9mTherefore, the estimated values of Stay
good using the Price/Earnings Ratio valuation, Gordon Growth Model, and Discounted Cash Flow Valuation are £36m, £8.33m, and £7.9m, respectively.
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Next O Cover Letters and Résumés: Mastery Test
1
Select the correct answer.
Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. In what
section of her résumé should Josita include these programs?
OA honors
OB. activities
OC. skills
OD. experience
Reset
Submit Test
Next
If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
What is skills?Skills can be defined as the ability a person or an individual possess when it comes to performing or carrying out tasks. A person can tend to possess inbuilt Skills or acquired skills they known will be of important to them.
Based on the scenario the software programs was the skills that Josita acquired because she learned it, the software program should be included as part of the skills she possess in her resume as this will enables are employer to know the skills she possess.
Therefore If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
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True or false.
Supply and demand determines the price of labor paid for jobs earning more than minimum wage.
Answer:
true
Explanation: