what would wages look like if there was no minimum wage?

Answers

Answer 1

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


Related Questions

Your friend asks to borrow $50 and offers to pay you back with interest. What factors would you consider in your decision to accept or decline their request?.

Answers

Your friend asks to borrow $50 and offers to pay you back with interest. The factors one should consider in their decision to accept or decline their request are:

What is the nature of the endeavor requiring the loan?What is the history of the borrower with paying back loans?Does the lender have the ability to even give the money in the first place?

What is a loan?

A loan is the lending of money by one or more persons, associations, or other entities to other individuals, organizations, or other entities in finance.

The receiver incurs a debt and is often required to pay interest on that loan until it is repaid, in addition to repaying the primary amount borrowed.

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Is the following an example of a Temporary or Permanent Account?Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000.

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Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000. This is an example of permanent account.

The balances that accumulate over time are recorded in permanent accounts. Records of sales is an illustration of super durable records. Assets, liabilities, equity, accounts payable, inventory, and investments are additional examples of permanent accounts.

An account whose balance does not reset to zero at the end of the accounting period is called a permanent account, also known as a real account. Instead, the balance stays the same throughout each accounting period. Asset, equity, and liability accounts are the most common types of permanent accounts.

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2. What is often true about the interest rates of these non bank credit alternatives, and how
might that affect the banked and unbanked differently?

Answers

It is important to note that the interest rate of non bank credit alternatives in most cases are higher than their traditional competition  - The commercial banks.

How does the above affect the banked and the unbanked?

The unbanked are immune to such rate, however, they'd also be missing our on the many other utilities provided by the commercial banks. For example:

The larger banks can provide:

larger loan sizes;Security of deposit as nonbank lenders may go out of business if there is an issue with the corporate governance structure, liquidity issues or other unforeseen problems.

On the other hand, non-bank lender have the following advantages:

They are Simple to use. The bulk of nonbank lenders have mastered the art of streamlining lending applications. Some platforms or lenders can complete the transaction in as little as 15 minutes.

Financing with no credit. Consider employing a nonbank lender if you've applied for and been rejected a loan at a traditional institution. Nonbank creditors have more flexible terms.

Rapid access to funding. A nonbank lender's application procedure is not just rapid, but accepted borrowers can get money within as short as 24 hours.

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partner a receives property other than money and hot assets in a liquidating distribution. his outside basis is less than the inside basis of the distributed assets. partner a's the basis of the other property will be:

Answers

In this scenario, the partner's basis in the other property will be equal to the outside basis minus any liabilities assumed by the partner as part of the distribution.

What's the outside basis

The outside basis is the partner's initial investment in the partnership, increased by any additional contributions and decreased by any distributions or losses. The inside basis, on the other hand, is the partnership's tax basis in the distributed assets.

It is important for partners to understand their basis in distributed assets as it affects their tax liability upon sale or disposition of those assets.

Partners may need to consult with a tax professional for guidance on calculating and tracking their basis in partnership assets.

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Service providers must offer cues to help their customers experience and perceive their service more positively because the service is.

Answers

In order to overcome the intangible nature of their offering, service providers must provide cues that will improve how their clients feel and perceive their service as well as reaffirm the merit or value of what will be provided.

What do you mean when you say a service is intangible?

It might be challenging to evaluate the quality of a service since it lacks perceptible or tactile qualities. Examples of intangible services include: visiting a surgeon to discuss your back pain. It's impossible to predict with certainty how you'll feel following back surgery. Either you feel brand-new or your condition can be worse.

What significance does intangibility have?

The architecture of the service delivery process for a service provider must take service intangibility into consideration. A customer must be persuaded to purchase a service and then satisfied with its quality after actually utilizing it.

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How do managers use information obtained in the income statement

Answers

Answer: The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported It then calculates operating expenses and, when deducted from the gross profit, yields income from operations.

Explanation:

if the minimum wage is set above the equilibrium market wage, it group of answer choices does not affect the market equilibrium. is lower than firms are willing to pay for labor. is effective and reduces unemployment. increases unemployment.

Answers

When the minimum wage is set above the equilibrium market wage then it  increases unemployment.

How can the minimum wage increase unemployment?

When the minimum wage is set at such a point that it is above the equilibrium market wage, then there is a good chance that this can lead to increased unemployment in an industry, market, or nation.

The reason for this is simply that employers would not be willing to pay such a high minimum wage that it above the  equilibrium market wage. They will therefore hire less workers than before, thereby meaning more people out of a job.

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T-bills are offered in what monetary increment? $1 $10 $100 $1000

Answers

Answer:

1,000 is the answer

Explanation:

Because it is

Answer:

The correct answer is $100

Explanation:

This information has come directly from the U.S department of treasury.

Which is the definition of competitiveness?

Responses

1. the ability to create an environment built on support and encouragement


2. steadfastness and commitment in achieving a goal


3. doing something that might result in loss to achieve business goals


4. the property of having a strong desire for success and achievement

Answers

2……………………………………………………….

Why would it be a bad thing for workers (especially children) to be doing double the work during their shifts? (Think baout trying to manage two machines at one time)

Answers

Answer:

Double work can lead to the body developing a lot of health related problems due to the stress placed on it. These problems are not only bad for the workers themselves but also for the company hiring them.

Some of the health problems that may arise include:

Diabetes Increased risk of heart diseaseHigh blood pressure Depression Sleep deprivation Fatigue

These problems can affect both children and adults and so double shifting should be discouraged.

As a result of these health problems, the employer may be affected by:

Absenteeism - Workers will not show up for work in order to recuperate and this will reduce the firm's productivity. Lack of concentration - sleep deprivation can lead to a lack of concentration which can lead to mistakes being made that could be costly to the company. High staff turnover - people will leave the company to avoid the stress of working double shifts and the company would have to keep spending on training new employees who will take time to learn the tricks of the trade thereby costing the company more.

how much will you have 55 years from now if you can contribute $400 every month to a retirement account that pays an apr of 1.5%?

Answers

In this case, the amount that would be available in the retirement account after 55 years of contribution with an APR of 1.5% would be $109,223.77.

How to determine

To determine how much will be available 55 years from now, given the contribution of $400 every month to a retirement account that pays an APR of 1.5%, we have to use the formula:

A = P (1 + r/n)^nt

Here, P = $400, r = 1.5% or 0.015 as a decimal, n = 12 (as there are 12 months in a year), and t = 55 years.A = 400(1 + 0.015/12)^(12*55)

Therefore, A = $109,223.77 (approx.)

Thus, the amount that would be available in the retirement account after 55 years of contribution with an APR of 1.5% would be $109,223.77.

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HELPPP How would entrepreneur apply comfort with risk when developing a product or service ?

Answers

test the product before it launches

Answer:

Testing and responses help

Explanation:

ask for feedback from testers

identify a statement that is true of status quo pricing. question 3 options: it leads to optimal pricing of a product. it requires serious planning and is difficult to implement. it focuses on the demand for and the costs of a product. it can lead to a pricing disaster.

Answers

The statement that is true of status quo pricing is: "It focuses on the demand for and the costs of a product."

Status quo pricing refers to a pricing strategy where a company sets its prices based on the existing market conditions and the costs associated with producing the product. This approach does not involve making significant changes to the pricing structure, but rather maintaining the current pricing levels.

By focusing on the demand for the product and the costs involved, companies using status quo pricing aim to maintain stability and avoid price fluctuations that may disrupt customer expectations or cause financial risks. It is a relatively conservative approach to pricing that aims to maintain market share and profitability without implementing major pricing changes.

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Estimating net profit margin directly is difficult because it is so
volatile
a. True
b. False

Answers

Estimating net profit margin directly is difficult because it is so volatile This statement is b. False

Estimating net profit margin directly is not inherently difficult because it is volatile. Net profit margin is a financial metric that represents the percentage of revenue a company retains as profit after deducting all expenses. While net profit margin can vary over time due to various factors, such as fluctuations in costs or revenues, it is still a measurable and calculable ratio.

Net profit margin is typically calculated by dividing net profit by revenue and multiplying by 100 to express it as a percentage. By analyzing a company's financial statements, such as the income statement, one can determine the net profit margin. While it may fluctuate, it is not inherently difficult to estimate.

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Which situation is an example of e-commerce?
A.
Sara enjoys shopping from the comfort of her home.
B.
Jeanne ensures that she closes a sale before she ends her sales call.
C.
Josh never misses an opportunity to grow his business network.
D.
Tim prefers to visit several stores before making a purchase.

Answers

Answer:

=> A is an example of e-commerce .

=> A.Sara enjoys shopping from the comfort of her home.

Explanation:

=> E-commerce is the process of selling and buying goods and product over internet .

If an accountant wanted to know how much money is typically tied up in a process, which process metric would he/she need?

Answers

If an accountant wants to determine how much money is typically tied up in a process, he/she would need to consider the working capital metric.

Working capital refers to the amount of money a company has tied up in its day-to-day operations. It is calculated by subtracting current liabilities from current assets. Working capital provides insights into a company's short-term liquidity and its ability to meet financial obligations. By analyzing the working capital of a specific process, the accountant can identify how much capital is invested in that particular area. This information is valuable for assessing the efficiency and effectiveness of the process, as well as identifying opportunities for improvement. By monitoring working capital, the accountant can help optimize cash flow, reduce excess inventory, minimize outstanding receivables, and ensure that the company's resources are efficiently utilized.

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Complete the sentence. An increase in labor productivity​ ______. A. increases the supply of​ labor, increases potential​ GDP, and decreases potential GDP per hour of labor B. increases potential GDP and decreases potential GDP per hour of labor C. decreases the real wage​ rate, increases potential​ GDP, and increases potential GDP per hour of labor D. shifts the demand for labor curve rightward and the production function upward

Answers

Answer:

The correct answer is

Explanation:

increases potential​ GDP.

Hope this helps....

Have a nice day!!!!

An increase in labor productivity​ decreases the real wage​ rate, increases potential​ GDP, and increases potential GDP per hour of labor. Thus, option (c) is correct.

What is GDP?

The gross domestic product (GDP) of a nation over a certain time period captures the monetary value of all final goods and services, those purchased by the consumer, that are produced there. The every country economic indicator was the depend on the measurement of Gross domestic product.

According to the economist, the increase in labor productivity was the automatically increases the demand of the labour. The number of the hours in the labour was the also increased. It was the increases in the potential GDP per hour of labor. But, the drawback is decreasing the real wage​ rate.

As a result, the significance of the GDP are the aforementioned. Therefore, option (c) is correct.

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I
In which book of original entry would you enter the following?
(a) Sales invoice

(b) Debit note-

(c) Cash sale-

(d) Purchase invoice-

(e) Credit note-​

Answers

Try e I THINK ITS E :D

how much water is in a water melon plz use percentage. here is 10 points

Answers

answer:

92 percent

explanation:

watermelon contains 92 percent water and 6 percent sugar

Plowed back earnings may result in ____ and ____ growth, but it will not increase ____ if that money is expected to earn only the return that investors require
a. earnings, stock price, dividends
b. dividend, stock price, earnings
c. earnings, dividend, stock price

Answers

Plowed back earnings may result in earnings and stock price growth, but it will not increase dividends if that money is expected to earn only the return that investors require. The plowing back of earnings involves reinvesting earnings back into the company's operations to promote growth without paying dividends to investors.

Plowed back earnings contribute to future business development and expansion, raising earnings and cash flow. They help to finance increased research and development, capital expenditures, and acquisitions that boost the value of the business and its stock price.

This type of growth is also referred to as internal growth since it is self-funded and does not involve the issuance of new shares. While plowing back earnings may result in earnings and stock price growth, it will not increase dividends since this money is expected to earn only the return that investors require.The correct option is letter B) dividend, stock price, earnings.

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what ammendment isthisSixteen-year old Ryan is the captain of the football team. Before the Friday night game, he and his teammates are required to submit to a drug test. Ryan’s test shows traces of marijuana. He is not allowed to participate in the game and he is suspended from school.

Answers

the fourth amendment constitutes this.

Why do the quantity and price tend to move toward the equilibrium point?

Answers

Answer: Generally, an over-supply of goods or services causes prices to go down, which results in higher demand—while an under-supply or shortage causes prices to go up resulting in less demand. The balancing effect of supply and demand results in a state of equilibrium.

industries, a​ small, family-run​ manufacturer, has adopted an abc system. the following manufacturing​ activities, indirect manufacturing​ costs, and usage of cost drivers have been estimated for the​ year:

Answers

The adoption of an activity-based costing (ABC) system by Industries, a small family-run manufacturer, involves estimating the manufacturing activities, indirect manufacturing costs, and usage of cost drivers for the year.

ABC systems allocate indirect manufacturing costs to products or services based on the activities that drive those costs. This differs from traditional costing methods that allocate costs based on direct labor or machine hours.

The following steps can be taken to implement an ABC system:

1. Identify activities: Industries should identify the activities that contribute to the incurrence of indirect manufacturing costs. These activities can include setup, materials handling, inspection, and maintenance.

2. Determine cost drivers: Cost drivers are the factors that cause costs to be incurred. Industries needs to identify the cost drivers for each activity. For example, the number of setups can be a cost driver for setup activity.

3. Allocate costs: Industries should allocate the indirect manufacturing costs to the products or services based on the usage of cost drivers. This involves calculating the cost driver rate for each activity and multiplying it by the actual usage of the cost driver by each product or service.

4. Analyze results: After allocating costs, Industries should analyze the results to gain insights into the cost structure of their products or services. This analysis can help in making decisions regarding pricing, product mix, and process improvements.

By adopting an ABC system, Industries can gain a more accurate understanding of the costs associated with their products or services. This can lead to better decision-making and improved profitability.

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Which of the following is NOT Considered personal information?
O a) Social Security number
Ob) Date of Bith
Oc) Place of employment
O d) Credit card number

Answers

Answer: NOne of the above. Or C Place of employement

Explanation:

The personal information that does not consider is the place of employment.

The following things should be considered for personal information:

The number of social security.The date of birth.The credit card number.

Personal information refers to the information that does not share with anyone as it is safe and secure data that should be kept with the person only.

Therefore we can conclude that the personal information that does not consider is the place of employment.

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2. What are the problems can someone have without personal finance knowledge?

Answers

The lack of financial literacy can lead to a number of pitfalls, such as accumulating unsustainable debt burdens, either through poor spending decisions or a lack of long-term preparation. This in turn can lead to poor credit, bankruptcy, housing foreclosure, or other negative consequences.

Choose the four diversity in the workplace issues from the list below. Remember to choose four!


Ethnic groups


Role of women


Older workers


Physically challenged


Increase advertising


Raise the profit margin

Answers

Answer:

Ethnic groups

Physically challenged

Role of women

Older workers

Explanation:

Diversity in the workplace refers to the employers' deliberate efforts to employ individuals with varying traits.  A workplace that embraces diversity will have employees of different religions, races, gender, sexual orientations, educational backgrounds, and other attributes.

Employees with different backgrounds bring on-board different experiences and perspectives, which enhance the quality of decisions. Having a variety of views and opinions results in higher creativity.

Which of the following is an example of a source of external information?
government report
purchase records
loyalty cards
service records​

Answers

Answer:

Government Reports are a source of external information

If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?.

Answers

The error will be declared as overstated.

What is overstated?

If an account or a figure on an account is inflated, the amount represented on the financial statement will be more than it should be.

Auditors will question the board of directors of the corporation to explain why non-current assets in the accounts were exaggerated and not represented at their recoverable amount.

Preproduction expenses for the fiscal year 2010 were inflated by almost $4 million, totaling $55.4 million.

If an account or a figure on an account is inflated, the amount represented on the financial statement will be more than it should be.

The phrase "overstated" has two meanings when used by an accountant:

1. The reported sum is inaccurate, and

2. The amount that was reported exceeds what is true or accurate.

Another account will also have an inaccurate balance in a double-entry accounting or bookkeeping system.

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If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?

Question 12 of 20 How is an equilibrium price determined? A. By finding a price that meets the highest quantity supplied by producers B. By finding a price that exceeds the expenses producers take on to create supply C. By finding a price that meets the highest quantity demanded by consumers D. By finding the price where quantity supplied matches quantity demanded ​

Answers

Answer:

D. By finding the price where quantity supplied matches quantity demanded ​

Explanation:

The equilibrium price refers to a price where there is no excess or shortage in demand and supply. Both sellers and buyers are happy to trade the current volumes at the stated price. In a graphical presentation, the equilibrium price is the point at which the demand and supply curves intersect.

The equilibrium price is the prevailing market price where demand matches supply.

How important is money

Answers

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.

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