What condition exists in this city's labor market at the present minimum wage of $9 per hour?

Answers

Answer 1

The labor market is oversupplied. Surplus is defined as something that is more than you require. Items you don't need or use are an example of surplus goods. Money that is still available after all of your bills have been paid is an example of surplus cash.

The amount of an asset or resource that is over its utilized share is referred to as surplus. Simply divide the amount the consumer was willing to pay by the actual price they paid will yield the consumer surplus. For small firms to develop and expand, the economy must be in  the surplus.

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Related Questions

in acas, what is an allowable option for scanning stand-alone networks?

Answers

Discovery, Assessment, Report, Advanced, Compliance, SCAP, and Plugins are among the options available. If you want to change these settings for specific scans, make them using a Tenable-provided template instead.

Nessus is a remote security scanning tool that examines a computer and generates an alert if it finds any vulnerabilities that malevolent hackers could exploit to obtain access to any computer linked to a network. Scan zones are parts of your network that you want to target in an active scan, and they are associated with one or more scanners in your deployment by an IP address or range of IP addresses.

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You will still be able to get public broadcasting whether or not you contribute to their fundraising campaign. You decide not to contribute. What is this an example of?
A. a public-sector problem
B. an externality problem
C. a public-good problem
D. a free-rider problem

Answers

Answer:

D. a free-rider problem

Which statements best describes gases

Answers

Answer:

gases have definite shape and volume

Explanation:

Answer:

Gases have random motion.

They don't have definite ahape and volume.

Tbey have weak inter molecular forces.

Explanation:

Which of the following is a difference between Fiedler’s contingency theory of leadership and the path-goal theory of leadership? Select one: a. The Fiedler theory states that a leader can adopt the four leader styles of directing, coaching, supporting, and entrusting, whereas the path-goal theory measures leadership style with the least preferred coworker scale. b. The Fiedler theory discusses leader style, followers and situation, and the rewards to meet followers' needs, whereas the path-goal theory discusses leadership style and group task performance. c. The Fiedler theory enables leaders to diagnose both leadership style and organizational situation, whereas the path-goal theory focuses on the characteristics of followers as the most important element of the situation. d. The Fiedler theory made the assumption that new leaders could take over as situations change, whereas in the path-goal theory, leaders change their behaviors to match the situation.

Answers

Answer:

d. The Fiedler theory made the assumption that new leaders could take over as situations change, whereas in the path-goal theory, leaders change their behaviours to match the situation.

Explanation:

Fiedler's theory of leadership is based on the assumption that the leaders can be different and their effectiveness can be measured as when the the situation changes. Accordingly he prefers new management to a new situation, rather than the old one.

Whereas the path goal theory of leadership is based on the assumption and study that allows the managers to change in their behaviours as and when their situation demands. This provides for better working environment and encouragement for employees.

what is the theory of liquidity preference how does it help explain

Answers

The theory of liquidity preference is an economic theory proposed by John Maynard Keynes that explains how the demand for money (liquidity) affects interest rates in the economy.

According to the theory, people hold money because it provides a sense of security and flexibility in case of unexpected expenses, and they are willing to pay a premium (in the form of a lower interest rate) for this liquidity.

The theory of liquidity preference helps to explain how changes in the supply and demand for money affect interest rates in the economy. For example, if the demand for money increases, people will be willing to pay a higher premium for liquidity, leading to a lower interest rate. On the other hand, if the supply of money increases, interest rates will decrease, as people no longer need to pay as high a premium for liquidity.

Overall, the theory of liquidity preference is an important tool for understanding how changes in the demand for money can affect interest rates and the overall functioning of the economy.

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4.What is a broadcast? What pathway do you find this in?

Answers

Answer:

Broadcasting is the distribution of audio or video content to a dispersed audience via any electronic mass communications medium, but typically one using the electromagnetic spectrum (radio waves), in a one-to-many model. The journalism and broadcasting pathway includes workers who research, write or produce news stories or broadcasts, or present commentaries. Workers also include those involved in publishing and writing. Includes occupations that install, repair and operate digital or electronic equipment used to record and transmit radio or television programs and motion pictures.

Explanation:

I hope this helps u! :D

what is the difference between the turbo button and the victim button

Answers

turbo button: A button inside your head and heart. You press it any time you take action to improve your life or the life of others

turbo victim: A button inside your head and heart. You press it any time you give away the power you have to change your life

if the beginning inventory is $15,000, purchases are $24,000, and the ending inventory is $23,000, the goods available for sale:

Answers

If the beginning inventory is $15,000, purchases are $24,000, and the ending inventory is $23,000, the goods available for sale: $14000.

What is inventory ?Inventory refers to goods and services held by a company for the ultimate purpose of re-sale, production. Inventory management is a discipline primarily concerned with specifying the shape and placement of stored goods. Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to  customers, only the newspapers are considered inventory. A car is treated as an asset.The four  most generally used inventory types are raw materials, work in process, finished goods, maintenance, repairs and overhauls.Knowing the structure of your inventory will help you manage your inventory better.

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I need Short Term, Med Term, and Long Term goals for a sports cleat business

Answers

Answer:

Short term: Try and sell the one pair of cleats that are used.

Med term: Try and sell Two pairs for a lower price like two pairs for $40

Long term: Try and sell all the cleats before you have to leave the store.

Explanation:

I like goals!

A traveler wanted to know if the prices of hotels are different in the ten cities that he visits most often. The list of the cities with corresponding hotel prices for his two favorite hotel chains is (here). Test at the 1% level of significance.
Cities Hyatt Regency in dollars Hilton in dollars
Atlanta 107 169
Boston 358 289
Chicago 209 299
Dallas 209 198
Denver 167 169
Indianapolis 179 214
Los Angeles 179 169
NYC 625 459
Phila 179 159
D.C. 245 239

Answers

To determine if there are significant price differences between the two hotel chains in the traveler's ten most visited cities, a statistical hypothesis test can be conducted at the 1% level of significance.

The null hypothesis (H₀) assumes that there is no difference in prices between the hotel chains, while the alternative hypothesis (H₁) suggests that there is a significant difference. The test compares the mean prices of the two hotel chains using either a paired t-test or a Wilcoxon signed-rank test, depending on the distribution of the data. By calculating the test statistic and comparing it to the critical value or p-value, a conclusion can be drawn regarding the price differences.

To test if there are significant price differences between the Hyatt Regency and Hilton hotel chains in the traveler's most visited cities, we can perform a statistical hypothesis test.

The null hypothesis (H₀) assumes that there is no difference in prices between the two hotel chains, while the alternative hypothesis (H₁) suggests that there is a significant difference.

We can compare the mean prices of the two hotel chains in each city using either a paired t-test or a Wilcoxon signed-rank test, depending on the distribution of the data. The paired t-test assumes normality and calculates the t-statistic, whereas the Wilcoxon signed-rank test is a non-parametric test that ranks the price differences.

Performing the appropriate test for each city, we can calculate the test statistic and compare it to the critical value or p-value associated with the 1% level of significance. If the test statistic exceeds the critical value or the p-value is less than 0.01, we reject the null hypothesis and conclude that there are significant price differences between the hotel chains in that city. Otherwise, we fail to reject the null hypothesis.

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A derivative security's payoff is based on Multiple choice question. its own productive capacity its selling price other assets prices

Answers

A derivative security's payoff is based on other assets prices.

Derivative security

A derivative security is a financial instrument whose payoff is based on the value of another asset. Types of derivatives are futures, forwards, options, and swaps.

Also convertible bond is a derivative security because its value depends on the value of the underlying stock. A futures contract is a contract that trades on a regulated exchange.

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Part 1: Recording Entries for Manufacturing
One of the products Al-Can Products, Inc. manufactures for their rest stops are benches. Perform the following tasks to classify and record common manufacturing costs.
The production of the rest stop benches requires the following costs. For each cost, determine how the cost should be classified by placing an X in the appropriate column.


Direct Materials
Direct Labor
Factory Overhead
None
Wages of factory supervisor








Rent of company headquarters








Lumber to manufacture benches








Factory property taxes








Bench inspector wages








Wages for the marketing manager








Cleaning supplies to maintain equipment








Wages of production employees








Stain for the benches










Al-Can Products, Inc. estimates that it will build 5,000 benches next year. For this amount of production, total factory overhead is estimated to be $123,456.00. Estimated direct labor costs for next year are $256,190.00. Calculate the factory overhead applied rate for next year as a percentage of direct labor costs.
Answer:

Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for
Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for
Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for
Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for
Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for

Answers

The factory overhead applied rate for next year is 48.19% of the estimated direct labor costs.

How do we calculate the factory overhead applied rate for next year?

The factory overhead applied rate is calculated by dividing the total factory overhead by the estimated direct labor costs and expressing the result as a percentage.

So, the formula for factory overhead applied rate is \((Total factory overhead / Estimated direct labor costs) * 100%\)

Plugging in the given values, we get factory overhead applied rate which is:

= ($123,456.00 / $256,190.00) * 100%

= 0.481892346 * 100%

= 48.1892346%

= 48.19%.

Complete and answered question "Al-Can Products, Inc. estimates that it will build 5,000 benches next year. For this amount of production, total factory overhead is estimated to be $123,456.00. Estimated direct labor costs for next year are $256,190.00. Calculate the factory overhead applied rate for next year as a percentage of direct labor costs".

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You have been hired as the new controller for the Radiance Company. Shortly after joining the company in 2024, you discover the following errors related to the 2022 and 2023 financial statements: a. Inventory at December 31,2022 , was understated by $6,000b. Inventory at December 31,2023 , was overstated by$9,000c. On December 31,2023 , inventory was purchased for $3,000. The company did not record the purchase until the inventory was paid for early in 2024. At that time, the purchase was recorded by a debit to purchases and a credit to cash.

Answers

These errors need to be corrected to ensure the accuracy of the financial statements. An adjustment of $6,000 needs to be made to increase the inventory balance at the end of 2022, an adjustment of $9,000 needs to be made to decrease the inventory balance at the end of 2023, and a journal entry needs to be made to record the inventory purchase of $3,000 in 2023.

Here's a step-by-step explanation to address the errors you've mentioned:

1. Inventory at December 31, 2022, was understated by $6,000:
To correct this error, you need to increase the inventory balance at December 31, 2022, by $6,000. This will also require an adjustment to the retained earnings balance for 2022.

2. Inventory at December 31, 2023, was overstated by $9,000:
To correct this error, you need to decrease the inventory balance at December 31, 2023, by $9,000. This will also require an adjustment to the retained earnings balance for 2023.

3. Inventory purchased for $3,000 on December 31, 2023, was not recorded until paid for in 2024:
To correct this error, you need to record the inventory purchase in the 2023 financial statements. You should debit inventory and credit accounts payable for $3,000 on December 31, 2023. Then, when the payment is made in 2024, you should debit accounts payable and credit cash for $3,000.

By following these steps, you can correct the errors related to the 2022 and 2023 financial statements for the Radiance Company.

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According to the chart, by year 5, the combined payment for principal and interest will increase to approximately . by year 15, the combined payment will increase to approximately . recall that taxes and mortgages add about $400 to the payment for principal and interest. if demarco and tanya’s income stays the same, by year 10, their total payment will be 25% of their gross monthly income.

Answers

The total payment will be 25% of their gross monthly income would be $836 - 961 - over.

What is meant by gross monthly income?

Your gross monthly income is simply your monthly revenue before any deductions for taxes and other expenses. Alternatively, it is equal to your annual income divided by 12. Your monthly gross income is your complete revenue before any withholdings.

Calculate how much money you make each month in order to determine your personal monthly gross income. Your take-home pay or the payment you get straight from your employer will probably be different from this.

The total amount of money you made in a given time period before any deductions or taxes are taken out is your gross income, which may be viewed on a pay stub. Also, your year-end W2 or 1099 will show your entire gross income.

A different way to figure out your gross income is to multiply your hourly pay rate by the number of hours you'll work in a given month, or by your monthly salary before taxes.

Gross income is the total amount generated before to tax and other deductions. The gross salary and take-home pay are typically listed on an employee's pay check . You should also provide any additional revenue sources, gross rather than net, if applicable.

The total payment will be 25% of their gross monthly income would be $836 - 961 - over.

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Answer:

Part 1: $836
Part 2: $961
Part 3: over

Explanation:

Did the assignment and got it right. Hope this helps :)

11
Select the correct answer from each drop-down menu.
Joseph is a practicing public accountant of the State of Virginia. Which certification has he acquired to legally practice in the state? Which authority
renews his license for practicing in the state of Virginia?
Joseph needs a certification from
his license for practicing as an auditor in the State of Virginia.
s reserved.
Reset
Next
The
renews

Answers

Joseph obtained a Certification (certified public accountant) designation in Virginia.

What does a CPA do?

After obtaining, collecting data, and assessing the complete set of financial statements, an accountant assists firms in formulating important financial decisions. They are in charge of conducting financial audits, comparing bank statements, and guaranteeing the accuracy and reliability of accounting records all year long.

Do accountants earn substantial salaries?

In conclusion, the average pay for an accounting career is $70,000 to $130,000 per year, with a 6% job growth rate by 2030. Accounting career wages can range from $40,000 to $120,000 per year based on education, certifications, firm location, and notably years of experience.

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Which of the elements in porters diamond model of national advantage takes into consideration companies that locate near the suppliers they need to produce their product?

Answers

The elements in porters diamond model of national advantage which takes into consideration companies that locate near the suppliers they need to produce their product is option A. related and supporting industries.

The presence of related and supporting industries generates the foundation on which the focal industry can be successful.

These elements in porters diamond model include: firm strategy, structure and rivalry; related supporting industries; demand conditions; and factor conditions.

What is porters diamond model?

Considering international business, the diamond model which is also known as Porter's Diamond or the Porter Diamond Theory of National Advantage, describes a nation's competitive advantage in the international market.

Therefore, the correct answer is option A. related and supporting industries.

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The complete question goes thus:

Which of the elements in Porter's diamond model of national advantage takes into consideration companies that locate near the suppliers they need to produce their product?

a) related and supporting industries

b) demand conditions

c) firm strategy, structure, and rivalry

d) factor conditions

Which best compares and contrasts the teaching and training careers and the professional support careers?

A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

B) Both careers help students learn; however, teaching and training careers are involved in running the school.

C) Both careers are increasing the number of available jobs; however, professional support career earns less money.

D) Both careers have support careers; however, professional support careers assist in the classroom.

Answers

Answer:

A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

Explanation:

Professional support careers help people involved in education and training systems with personal and family needs,  educational goals, mental health assistance, and career decision-making. They provide support and encouragement to students undergoing challenging experiences. Professional support career titles include counselors and Psychologists, among others.

Teachers and trainers offer instructions to students in the class or other conducive places. They help students complete their syllabus, learn intended materials, acquire knowledge, and pass their examinations.

Answer: ITS A

Explanation:CORRECT ON EDGE 2020

Marta is interviewing candidates for a position in the Human Resources department at her company. She is deciding who to interview by going through resumés and looking at the subject areas in which each candidate studied. Which four candidates would be the best choice for Marta to interview?

Answers

Answer:

C). Marisol, who studied communications and business

Explanation:

Marisol would be the best candidate to be interviewed for the position in the HR department as she has studies business and communications which is critical to ensure effective communication between the employee and the business. The HR professionals primarily function as the link between the two and help in maintaining healthy employee relations. They act as the leaders in the organization and with their efficient organization, decision-making, and management skills, they ensure the smooth functioning of the organization. Since Marisol has studied business and communications, she must possess these skills which would be the most suitable for the position. Hence, option C is the correct answer.

Answer:

B: Michelle, who studied communications and business

A measure that describes the cash remaining from operations after adjustment for capital expenditures and dividends is adjusted cash from operations. cash provided by operations. free cash flow. net cash provided by operating activities.

Answers

Answer:

free cash flow

Explanation:

The free cash flow is the cash flow in which the company cash would be initiated after cash outflows so that it maintained the capital assets

In simple words, the remaining cash that left after making an adjustment related to the capital expenditures and the dividend is known as free cash flow

Therefore the above is the answer

as the price of good a increases from $8 to $10, its quantity demanded falls from 200 units to 160 units. calculate the price elasticity of demand for this range.

Answers

To calculate the price elasticity of demand, we can use the formula: Price elasticity of demand = (Percentage change in quantity demanded) / (Percentage change in price)

In this case, the initial price (P1) is $8, and the final price (P2) is $10. The initial quantity demanded (Q1) is 200 units, and the final quantity demanded (Q2) is 160 units.

Percentage change in price = ((P2 - P1) / P1) * 100 = ((10 - 8) / 8) * 100 = 25%

Percentage change in quantity demanded = ((Q2 - Q1) / Q1) * 100 = ((160 - 200) / 200) * 100 = -20%

Price elasticity of demand = (-20% / 25%) = -0.8

The price elasticity of demand for this range is -0.8, indicating that the quantity demanded is relatively inelastic with respect to price. This means that a 1% increase in price will result in less than a 1% decrease in quantity demanded.

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What is the purpose of the Subtotal feature?

Answers

Use the SUBTOTAL function to exclude filtered or hidden rows when calculating a total. You can choose any one of the 11 functions that SUBTOTAL can calculate, such as Sum, Average, Count or Max. Hope this helps!!

accounting profits at a firm's break-even point are

Answers

At a firm's break-even point, accounting profits are equal to zero. This means that the revenue generated by the firm exactly covers all its costs, resulting in no net profit or loss.

The break-even point is the level of sales or production volume at which total revenue equals total costs. It represents the point where the business covers all its fixed costs and variable costs but does not generate any additional profit. Any revenue earned beyond the break-even point would result in positive accounting profits, while falling short of the break-even point would result in accounting losses.

To calculate the break-even point, the firm's total costs, including fixed costs and variable costs, are compared to the revenue generated by the firm's products or services. Once the break-even point is reached, every additional unit sold contributes to generating positive accounting profits.

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100 points! PLEASE HELP. DO NOT SKIP THIS!
PLEASE DON'T DO FUNNY BUSINESS HERE.

You are now familiar with government and how it plays a role in our economy. Using what you learned in the lesson, describe two advantages and two disadvantages of governmental involvement. What changes would you make to improve government’s role?

You can say answers other than-
there are more restrictions

Answers

Answer:

There are many advantages of government intervention such as even income distribution, no social injustice, secured public goods and services, property rights and welfare opportunities for those who cannot afford. Whereas, according to some economists the government intervention may also result in few disadvantages.

I would try to remove corruption

Explanation:

Plz mark brainliest thanks

Answer:

(Disadvantages)

Government and political interference may lead to poor management.

-Operation in large scale may lead to diseconomies of scale arise.

(Advantages)

-Protecting the safety and health of the public and the environment.

-Offering consumers increased safety when choosing products.

Explanation:

Stop trying to legislate morality. Where we get tripped up is in the conversation about "beliefs". We have been stuck in fights that keep our country in a holding pattern. It is not only detrimental to our unity, it undermines our ability to concentrate on areas that need it.?

On July 1, 2019, Beyonce company paid $1800 for six months of insurance coverage. No adjustments have been made to the prepaid insurance account, and it is now December 31, 2019. Prepare the journal entry to reflect expiration of the insurance of December 31, 2019.

Answers

Answer and Explanation:

The adjusting entries are shown below:

1. Insurance expense A/c Dr $1,800

        To Prepaid insurance A/c           $1,800

(Being prepaid insurance is adjusted)

Here the insurance expense is debited as it increased the expenses and credited the prepaid insurance as it decreased the assets so that the proper posting of the journal entry could be done

what is pupil reflex?​

Answers

Answer:

constriction of the pupil that is elicited by an increase in illumination of the retina

Explanation:

the buyer of a futures contract is said to have a position, and the seller of a futures contract is said to have a position in futures. a. long; short b. long; long c. short; short d. short; long

Answers

It is said that the seller of a futures contract has a short position in futures and that the buyer of a futures contract has a long position.

A futures contract is an agreement between two parties to buy and sell a certain item at a defined price and quantity at a future date.

Futures are a well-liked tool for risk management and hedging; if someone is already involved in speculating or earns money from it, it is mostly because they wish to protect themselves from danger. Because of the way they are set up and conducted, future contracts have a number of intrinsic benefits over trading shares.

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The amount of money you need to maintain in your account to avoid a fee is the?

Answers

Answer:

minimum balance

Explanation:

Evelyn enjoys drawing. Even though she has never had formal lessons, she is artistically gifted. Her artistic ability can be referred to as a(n) _____.


aptitude

hobby

job

skill

Answers

Answer:

i think its a hobby bc i put skill and it was wrong

Explanation:

the monopsonist's markdown in the buying price increases as: group of answer choices the demand elasticity declines. the demand elasticity increases. the supply elasticity declines. the supply elasticity increases.

Answers

The monopsonist's markdown in the buying price increases as the demand elasticity increases among the given options.

A monopsonist is a single buyer in a market with multiple sellers. They have market power and can exert control over the price they pay for goods or services. The monopsonist's ability to negotiate lower buying prices depends on the elasticity of demand and supply in the market.

Demand elasticity measures the responsiveness of quantity demanded to changes in price. When demand is more elastic (responsive), a monopsonist faces a greater risk of losing customers or facing reduced sales if they increase the buying price. Therefore, to maintain their market share or increase demand, the monopsonist must offer a higher markdown in the buying price.

On the other hand, supply elasticity, which measures the responsiveness of quantity supplied to changes in price, does not directly affect the monopsonist's markdown in the buying price. The supply elasticity determines how easily suppliers can adjust their output to changes in price but does not impact the monopsonist's ability to negotiate lower prices.

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To examine
the weekly payroll of all employees, one would look at the:

Answers

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

What is the payroll register?

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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