when the step-down method is used, the service department whose costs are allocated first is often the department that
Answers
The service department whose costs are allocated first is often the department that serves the greatest number of other service departments. So, the correct option is Option B.
The step-down method is a technique used to allocate costs from service departments to other departments within an organization.
When using the step-down method, the service department that is allocated costs first is typically the one that provides services to the greatest number of other service departments.
This means that the allocated costs from this department will have an impact on a larger portion of the organization.
By allocating costs from the service department that serves the most other departments first, the step-down method aims to distribute costs in a way that reflects the actual flow of services within the organization.
This approach ensures that the costs of shared services are fairly distributed among all departments based on their utilization of those services.
Therefore, option B - Serves the greatest number of other service departments - is the correct answer, as it aligns with the rationale behind using the step-down method in cost allocation.
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The complete question is:
When the step-down method is used, the service department whose costs are allocated first is often the department that:
A. Obtains the highest yield.
B. Serves the greatest number of other service departments.
C. Has the lowest cost.
D. Is the newest.
Related Questions
I need help with the business ventures Pt 3 assignment, I dont know how to do the tables with graphic designing business. I NEED HELP FAST!!!
Answers
Graphic design is a field that creative people with a love of art, technology, and communication might want to consider.
What about graphic design?Graphic design is both a profession and an academic field. and applied art, whose work entails the projection of visual signals meant to convey particular messages to social groups with specific aims. An multidisciplinary area of both the fine arts and design, graphic design is. Using manual or digital technologies, it requires creativity, invention, and lateral thinking. Text and visuals are frequently used to convey ideas graphically.The graphic designer's function during the communication process is that of the message's encoder or interpreter. They focus on the analysis, arrangement, and presentation of visual messages. Graphic design typically goes beyond what language alone can say by using ornamentation, graphics, compositional arrangement of the text, and appealing typography.Graphic design is a field that creative people with a love of art, technology, and communication might want to consider.
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Objective and subjective product criteria are developed during the ________ stage of the purchase decision process so that the decision can be made in the next stage.
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Objective and subjective product criteria are developed during the alternative evaluation stage of purchase decision.
What is alternative evaluation?Alternative evaluation is the the third stage in the consumer buying decision. It refers to the stage in the buying decision process in which the buyer uses information gathered to make a final choice between the products in the evoked set.
The alternatives should reflect different approaches to the problem or different priorities across objectives, and should present decision makers with real options and choices
Hence, objective and subjective product criteria are developed during the alternative evaluation stage of purchase decision.
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Activity rates and product costs using activity-based costing
Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows:
Activity Budgeted
Activity Cost
Activity Base
Casting $475,000 Machine hours
Assembly 128,000 Direct labor hours
Inspecting 33,250 Number of inspections
Setup 43,650 Number of setups
Materials handling 22,950 Number of loads
Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow:
Activity Base Entry Dining Total
Machine hours 6,000 13,000 19,000
Direct labor hours 4,800 3,200 8,000
Number of inspections 200 750 950
Number of setups 270 180 450
Number of loads 640 210 850
Units produced 2,200 3,800 6,000
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
Determine the activity rate for each activity. If required, round the rate to the nearest dollar.
Activity Activity Rate
Casting $ per machine hour
Assembly $ per direct labor hour
Inspecting $ per inspection
Setup $ per setup
Materials handling $ per load
Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per unit rates to the nearest cent.
Product Total Activity Cost Activity Cost Per Unit
Entry Lighting Fixtures $ $
Dining Room Lighting Fixtures $ $
Answers
The Activity rate for each activity are: Casting $25 per machine hour, Assembly $16 per direct labor hours, Inspecting $35 per inspection, Setup $97 per setup, Materials Handling $27 per load.
Activity rate for each activitya. Activity rate for each activity
Casting:
Activity Rate = Budgeted Activity Cost / Budgeted Activity Base
Activity Rate = $475,000 / 19,000
Activity Rate = $25 per machine hour
Assembly:
Activity Rate = Budgeted Activity Cost / Budgeted Activity Base
Activity Rate = $128,000 / 8,000
Activity Rate = $16 per direct labor hours
Inspecting:
Activity Rate = Budgeted Activity Cost / Budgeted Activity Base
Activity Rate = $33,250 /950
Activity Rate = $35 per inspection
Setup:
Activity Rate = Budgeted Activity Cost / Budgeted Activity Base
Activity Rate = $43,650 / 450
Activity Rate = $97 per setup
Materials Handling:
Activity Rate = Budgeted Activity Cost / Budgeted Activity Base
Activity Rate = $22,950 /850
Activity Rate = $27 per load
b. Total and per-unit activity costs
Entry
Total Activity Cost = ($25.00×6,000) + ($16.00 × 4,800)+ ($35.00× 200) + ($97.00 ×270) + ($27.00 × 640)
Total Activity Cost =$150,000+$76,800+$7,000+$26,190+$17,280
Total Activity Cost = $277,270
Activity Cost per unit = Total Activity Cost / Units Produced
Activity Cost per unit = $ /2,200
Activity Cost per unit = $126.03
Dining:
Total Activity Cost = ($25.00×13,000) + ($16.00 × 3,200)+ ($35.00× 750) + ($97.00 ×180) + ($27.00 × 210)
Total Activity Cost =$325,000+$51,200+$26,250+$17,460+$5,670
Total Activity Cost = $425,580
Activity Cost per unit = Total Activity Cost / Units Produced
Activity Cost per unit = $425,580/3,800
Activity Cost per unit = $111.99
Therefore the Activity rate for each activity are: Casting $25 per machine hour, Assembly $16 per direct labor hours, Inspecting $35 per inspection, Setup $97 per setup, Materials Handling $27 per load.
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How cash inflow and outflow affects the components of a financial plan
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The following data for the Spring Green Garden Supplies Company pertains to the production of 5,000 shovels during March. Direct Labor Standard cost is 10 shovels per hour at $40 per hour Actual cost per labor hour was $42. Actual labor hours were 480. Actual Direct Labor quantity (or efficiency or usage) variance was $800 favorable What is the direct labor price/rate variance?
Answers
Based on the standard and actual rates per hour, the direct labor price/rate variance for Spring Green Garden Supplies is $960 Unfavorable.
What is the direct labor price/ rate variance for Spring Green?This can be found by the formula:
= (Standard labor rate per hour - Actual labor rate) x Number of hours worked
Solving gives:
= (40 - 42) x 480
= - 2 x 480
= -$960
In conclusion, the direct labor price variance is $960 Unfavorable.
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Question 7 of 10
Zack buys 40 shares of eBay at the close price of $20.95. His broker charges
him 4% of each share as a transaction fee. How much did Zack spend in total
to buy this stock?
A. $838.00
B. $871.52
C. $856.28
D. $891.46
Answers
The cost of each share is $20.95, and Zack buys 40 shares, so the cost of the shares is 20.95 * 40 = $838.00.
Zack's broker charges him 4% of each share as a transaction fee, so the total transaction fee is 0.04 * 20.95 * 40 = $33.28.
Therefore, the total cost of the transaction is $838.00 + $33.28 = $871.28.
The correct answer is B. $871.52.
many financial decisions require the analysis of uneven, or nonconstant, cash flows. -select- stock dividends typically increase over time and investments in capital equipment almost always generate uneven cash flows. the term cash flow (cft) denotes -select- cash flows, while payment (pmt) designates -select- cash flows coming at regular intervals. the present value of an uneven cash flow stream is the sum of the pvs of the individual cash flows. the equation is:
Answers
The present value of an uneven cash flow stream is calculated by discounting each cash flow by the corresponding time period and summing them together, accounting for the time value of money.
The equation for calculating the present value (PV) of an uneven cash flow stream is as follows:
PV = CF1/(1+r)^t1 + CF2/(1+r)^t2 + CF3/(1+r)^t3 + ... + CFn/(1+r)^tn
In this equation, CF represents the cash flow at a specific time period, t represents the time period, r represents the discount rate or interest rate, and n represents the total number of cash flows.
To find the present value, each cash flow is divided by (1+r) raised to the power of the corresponding time period, and then the discounted cash flows are summed together. This calculation accounts for the time value of money, recognizing that cash flows further in the future are worth less than those received in the present.
By calculating the present value of an uneven cash flow stream, you can determine the current worth or value of a series of cash flows with varying amounts and time periods.
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What is the economic importance of fish farming in Nepal?
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Write a School Newspaper Article that Highlights the Contributions of School-Health-and-Safety Personnel
Assignment
In this assignment, you will create a fictional school-staff member who is employed in one of the four health-and-safety fields described in this lesson. You will use your imagination to invent a name and biography for your fictional employee, and you will use the information in this lesson to invent realistic job responsibilities for your fictional employee. You may use outside sources to supplement the information supplied in this lesson. You will then write a newspaper story that summarizes your character's achievements and responsibilities. While the article is about a fictional person, who works in a fictional school, the information concerning the person's job responsibilities should be realistic and believable.
To complete this assignment, you will:
Create a fictional employee who works in one of the four health-and-safety fields described in this lesson.
Invent a name, biography, and work history for your fictional employee.
Write a 750-word article for a school newspaper that highlights the contributions your fictional employee makes to a school.
List all references used in the assignment.
Answers
School environments that are safe and healthy encourage student engagement and prevent risky behavior. Health-hazardous behaviors are associated with subpar academic performance and worse grades.
Article Outlining School Health and Safety Staff's ContributionsEmployees in school health and safety: Unsung Heroes in Our Schools
Although schools are generally thought of as safe havens for students, it can be difficult to preserve their safety and welfare. Dedicated and hardworking individuals work tirelessly behind the scenes to ensure that schools are secure and healthy spaces for children to learn and grow. The school nurses, counselors, psychologists, and social workers—four distinct professions that make up the health and safety staff—are these hidden heroes.
One such committed worker is Sarah Johnson, the school nurse at East High School. Sarah has worked at East High School for the past five years. She is a nurse with 15 years of experience. With a nursing degree from the University of Michigan, she graduated. Sarah enjoys her job and is passionate about making sure the students are safe and well-cared for.
Sarah's job involves a diverse variety of responsibilities. She is in responsible of evaluating the health requirements of the students, providing first aid and other emergency care, distributing medication, and keeping an eye on individuals who have persistent medical conditions. She collaborates with other healthcare providers and neighborhood organizations to conduct health screenings, inform students and staff about their health, and provide counseling and health education.
Sarah has given the school community immeasurable support. In addition to educating pupils about diet and fitness, she has assisted asthmatic students in managing their condition. She has also collaborated with instructors to provide a secure and healthy learning environment. She has also offered tools and help to families and students who are struggling with challenging medical conditions.
One such school counselor who is essential to the health and safety staff at West Middle School is John Brown. John has worked as a counselor for 20 years, the past 10 of which he has spent at West Middle School. He graduated from Michigan State University, where he also earned a counseling degree. John is passionate about helping kids through the challenges of adolescence while providing them with the support they need to achieve.
John's job include helping children with their academic, social, and personal issues. He collaborates with teachers to create a welcoming learning environment, provides both individual and group therapy for children, and helps them develop coping mechanisms for stress and anxiety. He collaborates with parents, community associations, and other professionals to support children's academic and social development.
John has contributed so much to the school's community. He has aided children in coping with the stress of middle school and helped them develop the self-confidence and resilience they need to succeed in school and in life. He has also worked with teachers to create a helpful and inviting classroom environment. Also, he has provided support and resources to families and kids who are dealing with serious personal issues.
The school health and safety team must also include school psychologists and social workers. They offer assistance and services to families and kids who are struggling with emotional and behavioral problems. To foster a welcoming and supportive learning environment at school, they collaborate closely with teachers, counselors, and administrators. To further the welfare of students and families, they work with neighborhood associations and other experts.
In conclusion, staff employees who work in school health and safety are unsung heroes in our classrooms. They work nonstop to keep the schools where our children go safe and healthy learning environments. John Brown, Sarah Johnson, and other school health and safety staff members all share a dedication to the welfare of children and a love for what they do. They are highly appreciated and play a crucial part in the daily operations of the school.
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explain the practice of tying and discuss why it is controversial. explain your answer.
Answers
The practice of tying refers to the requirement by a company that a customer must purchase one product or service in order to obtain another.
This practice is controversial because it can restrict competition and limit consumer choice by forcing customers to purchase products or services they may not want or need in order to obtain a desired product or service.
Additionally, tying arrangements can result in higher prices for consumers and reduced innovation in the market. The controversy surrounding tying practices has led to regulatory action in many countries, with some prohibiting the practice altogether and others placing restrictions on its use.
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What is The movement of the economy from
one condition to another ohd bach again?
Answers
Answer:
Business Cycles is the right answer
Explanation:
the national labor relations act (NLRA) governs which of the following?
A. Workplace safety
B. Minimum wage laws
C. Undocumented workers
D. Collective bargaining
Answers
Answer:
collective bargaining
The national labor relations act (NLRA) governs D. Collective bargaining
Employees who are coworkers in a company come to a consensus on certain crucial issues through collective bargaining. This may involve wage increases or a discussion between businesses and employees. The term NLRA stands for National Labour Relations Act. It is a federal legislation in the United States that typically regulates interactions between employers and employees.
In particular, it safeguards workers' freedom to participate in collective bargaining and other union-related activities and forbids employers from participating in unfair labour practices that might infringe on such freedoms. Because these topics are covered by different laws and regulations, the NLRA does not directly address workplace safety, minimum wage laws, or issues involving undocumented workers.
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Several controls are used to safeguard inventory except a.keeping high-priced inventory behind lock and key. b.hiring security guards. c.allowing all employees access to the materials warehouse. d.installing sensors at all exits.
Answers
Answer:
Option C, allowing all employees access to the materials warehouse, is the right answer.
Explanation:
Option C is the correct answer because option C recommends allowing access to all the employees. However, allowing access to all employees will reduce security and increase the risk level. While all given options are helpful in safeguarding the inventory except option C. Thus, in this case, it would be difficult to monitor every employee. So Option C is the right answer.
Robert placed the following assets into service for his packing and shipping company this year
Answers
Option B. The way that Robert would eliminate the requirement to use the mid-quarter convention B.Claim the Section 179 deduction for the delivery truck.
What is meant by mid-quarter convention?According to the mid-quarter convention, a company that purchases fixed assets during a reporting quarter should treat them as though they were purchased at the halfway point of the quarter.
When the total depreciable basis of MACRS property placed in service during the final three months of the client's tax year exceeds 40% of the total depreciable basis of all MACRS property placed in service throughout the entire year, you must utilize the mid-quarter convention.
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Robert placed the following assets into service for his packing and shipping company this year: April 3: Desk with a basis of $1,100. July 30: Computer software with a basis of $4,200. October 30: Delivery truck with a basis of $33,000. All assets were used exclusively for business purposes. How may Robert eliminate the requirement to use the mid-quarter convention?
A.Claim the special depreciation allowance for the computer software.
B.Claim the Section 179 deduction for the delivery truck.
C.Elect to expense the desk on the tax return in accordance with the de minimis safe harbor of the tangible property regulations.
D.Use the ADS system to depreciate the truck and the desk.
What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answers
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Answers
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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why is the vegetables market necessary . give reason
Answers
Answer:
Abstract: Vegetables are vital to the general good health of human beings, providing essential vitamins and minerals, dietary fiber, and phytochemicals, and reducing risk from dangerous diseases and other medical conditions. ... Most of the vegetables are marketed fresh with only a small portion processed.
Explanation:
Vegetables are vital to the general good health of human beings, providing essential vitamins and minerals, dietary fiber, and phytochemicals, and reducing risk from dangerous diseases and other medical conditions. ... Most of the vegetables are marketed fresh with only a small portion processed.
which product would be best stored and served utilizing the lifo system of inventory management?
Answers
LIFO, or last-in-first-out, is a popular method of inventory management that prioritizes the most recently received goods for sale or distribution. This means that the oldest goods are left in storage, while the newest goods are moved to the front of the line. In terms of food products, LIFO may be ideal for perishable items that have a short shelf life.
LIFO, or last-in-first-out, is a popular method of inventory management that prioritizes the most recently received goods for sale or distribution. This means that the oldest goods are left in storage, while the newest goods are moved to the front of the line. In terms of food products, LIFO may be ideal for perishable items that have a short shelf life. For instance, fresh produce like fruits and vegetables, as well as dairy products like milk and cheese, may benefit from the LIFO system. This is because these items tend to spoil quickly, and it is important to prioritize the newest items to avoid spoilage and waste. In summary, any product that has a limited shelf life and needs to be used up quickly would be best stored and served utilizing the LIFO system of inventory management.
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what is one major advantage of creating a division of labor?
Answers
Division of Labor's Benefits Many of the benefits of dividing labor in the workplace are self-evident. Saving time is one of them. Assigning tasks to each employee that are best suited to her abilities. Productivity is rising. For the tasks at hand, you only need one set of tools rather than many.
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What are the advantages and disadvantages of the three primary business writing formats?
Answers
Answer and Explanation:
The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-
A memorandum is a formal define that it is the way of communication that enables corporations to connect with their workers. This is typically used to distribute updates or issues.
Memos are highly increasingly being replaced by e-mail, so sending a memo is more difficult and costly. Therefore, a Business Letter is a structured communication method that's best used to connect with clients.
It generally takes more time to write and format a business letter than to write an email or memo.
As we know that an Email is easy to send and priceless, and make enable to send message to many people at a time also Many unwritten e-mails etiquette rules and can be too casual for many business purposes.
Business writing formats includes the use of memorandum, email business letters etc. The advantages and disadvantages of the three primary business writing formats are:
A Memorandum: (Advantages)
This is simply a formal, internal communication tool which allows companies to communicate with their employees. It is known to be used to deliver announcements or problems.Disadvantages
Memos are said to be rapidly been replaced by e-mail due to the fact that it is more complicated and expensive to deliver a memo.Business letters (Advantages)
A Business Letter is simply known as a formal communication tool which is utilized for communicating with customers.Disadvantages
Writing and formatting a business letter often takes more time than composing a memo or e-mail.Emails (Advantages)
E-mail is quick, easy and cheap, and allows you to send messages instantly to any number of people.Disadvantages
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To improve America's business ethics Group of answer choices ethics must be taught in every business school around the globe.
Answers
To improve America's business ethics D. company leaders to adopt and support a corporate code of ethics.
In addition, the implementation of ethics education in business schools globally (B) can foster a broader understanding of ethical principles and their importance in the business world. By teaching future business leaders the value of ethical decision-making, we can help create a new generation of ethical professionals who prioritize social responsibility and adhere to ethical practices.
Furthermore, although it is not the sole solution, Congress can play a role in promoting ethical behavior by passing legislation that encourages ethical practices and punishes unethical conduct (A). This can help set a national standard for ethical behavior and act as a deterrent for businesses that may otherwise engage in unethical practices.
Lastly, ensuring that a company's suppliers are thoroughly investigated for ethical violations (C) is essential to maintaining a supply chain that aligns with the company's ethical values. By doing so, companies can avoid inadvertently supporting unethical practices and can foster a more ethical business environment.
In conclusion, improving America's business ethics requires a combination of measures, including the adoption of corporate codes of ethics, ethics education, legislative support, and the thorough investigation of suppliers. These efforts will promote a more ethical business landscape and contribute to the long-term success of American businesses. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
To improve America's business ethics:
A. Congress must pass an ethics bill.
B. ethics must be taught in every business school around the globe.
C. a company's suppliers must be thoroughly investigated for ethical violations.
D. company leaders should adopt and support a corporate code of ethics.
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which of the following is not an element of structural quality in child care programs
Answers
Answer:
The correct answer is ''Parent-caregiver relationships.''
problems 1 and 2 above identified instances of ineffective operation of key controls in the revenue cycle.how would these identified control deficiencies affect the nature, timing, and extent of substantive procedures for the revenue cycle?
Answers
In the present instance, a single employee is involved in multiple transactions at once in revenue cycle.
It guarantees that a single individual can log entries in accounting reports, collect payments from customers, and keep track of accounts receivable. Here, there is a high risk of fraud involving the theft of cash from accounts receivable. Accounts receivable may be flagged as poor or suspect and cash collected by a client may be misappropriated. The auditor's proposed substantive procedures are affected by these flaws:
The risk estimate that the auditor made at the beginning of the audit should be reviewed.
The auditor should decide whether the materiality levels should be updated based on the risk assessment.
The auditor should check more transactions where a single person authorized the entire transaction track by expanding the sample size.
It is necessary to enhance the auditor's procedures for receiving balance confirmations from customers.
2.
In problem 1, weaker controls have a negative financial impact of $25,352. In problem 2, there were a total of 13,726 unapproved transactions. The materiality standard determined toward the beginning of the review helps with deciding whether there are material misquotes or not. If the total materiality standard is set at $ 50,000, none of these purchases are deemed significant. This is because of the way that none of the imperfections, independently or on the whole, meet the materiality edges.
Problem 1 is now above the materiality level, and problem 2 has passed the materiality level when paired with problem 1. However, once the materiality limit is set at $ 20,000, all of these flaws are considered to be material.
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To keep the wage rate at a decent level, the government imposes a minimum wage (price floor) of p=8 in the labor market where the labor demand is Q = 12 -p and the labor supply is Q = 2p. Draw the graph for demand and supply, the price floor, all the relevant points and areas to answer the following; (a) What is the range of the possible values for PS ? (the minimum and the maximum values which correspond to the cases where workers who would be willing to accept work at the lowest relevant wages and at the highest relevant wages, respectively, end up getting the jobs). (b) What should the government set the minimum wage to maximize PS? (Assume the best case scenario; where the workers who are willing to work at the lowest relevant wage range end up getting the jobs).
Answers
In reality, the effects of a minimum wage are more complicated and may depend on factors such as the elasticity of labor demand and supply, the presence of monopsony power in the labor market, and potential negative effects on firm profitability and economic growth.
(a) To find the possible range of values for PS, we need to first determine the equilibrium wage rate and employment level without the minimum wage.
Setting labor demand equal to labor supply, we have:
12 - p = 2p
Solving for p, we get:
p = 4
Substituting this back into either the demand or supply equation, we get the equilibrium employment level:
Q = 12 - 4 = 8
So, without the minimum wage, the equilibrium wage rate is $4 and the equilibrium employment level is 8.
With the minimum wage of $8, the quantity of labor supplied exceeds the quantity of labor demanded. This creates a surplus of labor, or unemployment, equal to:
Qs - Qd = 2p - (12 - p) = 3p - 12
Substituting the minimum wage of $8, we get:
Qs - Qd = 3(8) - 12 = 12
This means that 12 workers are willing and able to work at the minimum wage, but only 8 workers are actually employed.
(a) To find the possible range of values for PS, we need to first determine the equilibrium wage rate and employment level without the minimum wage.
Setting labor demand equal to labor supply, we have:
12 - p = 2p
Solving for p, we get:
p = 4
Substituting this back into either the demand or supply equation, we get the equilibrium employment level:
Q = 12 - 4 = 8
So, without the minimum wage, the equilibrium wage rate is $4 and the equilibrium employment level is 8.
With the minimum wage of $8, the quantity of labor supplied exceeds the quantity of labor demanded. This creates a surplus of labor, or unemployment, equal to:
Qs - Qd = 2p - (12 - p) = 3p - 12
Substituting the minimum wage of $8, we get:
Qs - Qd = 3(8) - 12 = 12
This means that 12 workers are willing and able to work at the minimum wage, but only 8 workers are actually employed.
So, the range of possible values for PS is the area between the supply and demand curves from a wage rate of $4 to $8, or the shaded area in the graph below:
(b) To maximize PS, the government should set the minimum wage at the equilibrium wage rate of $4. This is the wage rate at which the quantity of labor supplied equals the quantity of labor demanded, so there is no surplus of labor or unemployment. At this wage rate, all 8 workers are employed and PS is maximized. Setting the minimum wage above $4 would result in a surplus of labor and lower PS.
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If you had to get a credit card today, which one would choose and why? Would it be Capital one card, Petal card, petal cash back card, discover card student cash back ?
Answers
Answer:
Capital one card,
If you need a credit card today, you should apply for either an American Express card, a Capital One card or one of the store cards that offer instant use. While it’s pretty common to get approved for a credit card the same day if you apply online, you’ll still usually have to wait another 7-10 business days before your card comes to use it.
All American Express cards give you the potential for an instant card number after approval, which will give you access to part of your credit line until your card arrives. Capital One cards also provide instant use through the Capital One app, but that’s only possible if you’re an existing Capital One cardholder. Store cards, such as the Target Credit Card, may give you an instant number or code to use as a temporary version of your card.
Sally owns a $1,000-par zero-coupon bond that has six years of remaining a. What is the expected price of the bond at the time of sale?
Answers
Answer:
$647.96
Explanation:
Sue the following formula to calculate the price of the bond at the time of sale
Price of Bond = Face value of the bond / ( 1 + Market interest rate )^numbers of years
Where
Face value of bond = $1,000
Market interest rate = 7.5%
Numbers of years = 6 years
placing values in the formula
Price of Bond = $1,000 / ( 1 + 7.5% )^6
Price of Bond = $647.96
If the quantity demanded is greater than the quantity supplied, what will happen to the price?
A. Go up
B. Go up then down
C. Go down
D. Remain the same
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Which type of bankruptcy leaves your credit report sooner?
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When an advertising campaign for a new product is first launched, which type of advertising would be most helpful in building awareness?.
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Answer:
Informative.
Explanation:
which of the following statements is correct regarding the effect of the generation-skipping transfer tax (gstt) and the transferor's spouse? a) only an individual who is currently married to the transferor will always be deemed to be in the same generation as the transferor regardless of the difference in their ages. b) only an individual who is currently married to the transferor at the time of the transfer will always be deemed to be in the same generation as the transferor. c) any individual who has been married at any time to the transferor is always deemed to be in the same generation as the transferor regardless of the difference in their ages or whether they are married or have been divorced at the time of the transfer. d) a transferor may make a generation-skipping transfer to any individual who has been married at any time to the transferor without restriction.
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Only an individual who is currently married to the transferor will always be deemed to be in the same generation as the transferor regardless of the difference in their ages statements is correct regarding the effect of the generation-skipping transfer tax (gstt).
What is generation-skipping tax?
The generation-skipping tax (GST), sometimes known as the generation-skipping transfer tax, forbids you from intentionally omitting your children from your estate plan in favor of younger generations in order to avoid any estate taxes that might be owed once your children pass away. When someone transfers assets to a "skip person," either during their lifetime or after death, the generation-skipping tax is activated.
Know more about generation-skipping transfer tax- brainly.com/question/30032749
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