explain the relationship between wages and derived demand
Here is you're answer:
Wages is the amount of money a person gets paid for labor, derived demand is a demand for more money because of the increase of labor the workers have to do. To conclude the relationship between the two is that "if the worker gains more labor they would make a derived demand to increase their wage."
Hope this helps!
Derived demand is the demand for labor generated by the demand for a good or service. As this demand increases or decreases, it drives up or down the associated demand for labor and thus the wages. Other factors can also influence this correlation.
Explanation:The relationship between wages and derived demand links back to the concepts of labor and production in economics. Derived demand is a term that refers to the demand for an input (like labor) based on the demand for the output it helps produce. Wages, in this context, can be seen as the price of labor.
For instance, if there is a high demand for a product or service (like restaurant meals), the demand for labor (like chefs) to produce that product or service increases. This rise in labor demand drives up wages as employers vie to attract the needed workforce. The reverse is also true: if demand for a good or service decreases, the demand for labor to produce it also diminishes, and consequently, wages may be lowered.
Notably, the shifts in demand for labor and resultant wage changes aren't solely due to changes in product or service demand. They can be influenced by multiple factors like technological developments, changes in labor force demographics, government policies, and the economic climate as a whole, among others.
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A wireless phone plan costs eric $35 for a month of service during which he sent 450 text messages.if he was charged a fixed fee of 12.50,how much did he pay per text
Answer: Eric paid $0.05 or 5 cents per text.
We have
Cost of wireless phone plan $35
Fixed charges $12.50
Cost of the text messages [tex]22.50 (35 -12.50)[/tex]
We need to deduct the Fixed charges, because Eric would have had to pay those charges even if he didn't send one text messages.
So, the cost per text messages is [tex]\frac{22.50}{450} = 0.05[/tex]
For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Purchase order dated October 13 for massage chairs costing $835 and oil supplies costing $310. b. Remittance advice from customer for $107, received October 17. c. Receiving report indicating October 22 receipt of October 13 order. Also received supplier invoice totaling $1,145 d. NGS check for payment in full of October 13 order.
Journal entries include the receipt of a customer payment, receipt of inventory, and payment for inventory ordered, with one case requiring no journal entry (purchase order).
Explanation:The preparation of journal entries is a core function in accounting. Below are the journal entries for each source information provided:
a. Purchase order dated October 13 for massage chairs costing $835 and oil supplies costing $310: No Journal Entry Required. A purchase order is not an accounting transaction yet, as no goods have been received nor has any payment been made.
b. Remittance advice from customer for $107, received October 17:
Debit: Cash $107
Credit: Accounts Receivable $107
This entry records the receipt of cash from a customer, decreasing Accounts Receivable and increasing Cash.
c. Receiving report indicating October 22 receipt of October 13 order. Also received supplier invoice totaling $1,145:
Debit: Inventory $1,145
Credit: Accounts Payable $1,145
This entry records the receipt of inventory that has been ordered, increasing Inventory and Accounts Payable accordingly.
d. NGS check for payment in full of October 13 order:
Debit: Accounts Payable $1,145
Credit: Cash $1,145
This entry records the payment made for the purchase, decreasing Accounts Payable and Cash.
a. Purchase of Massage Chairs and Oil Supplies:
Debit: Massage Chairs Inventory $835
Debit: Oil Supplies Inventory $310
Credit: Accounts Payable $1,145
b. Receipt of Customer Payment:
Debit: Cash $107
Credit: Accounts Receivable $107
c. Receipt and Invoice for October 13 Order:
Debit: Accounts Payable $1,145
Credit: Massage Chairs Inventory $835
Credit: Oil Supplies Inventory $310
d. Payment of October 13 Order:
Debit: Accounts Payable $1,145
Credit: Cash $1,145
An experience that would be listed in the “other experience” category would include _____. A. military service b. awards earned c. leadership opportunities d. all of the above please select the best answer from the choices provided a b c d
The answer is "d. all of the above".
An experience that would be listed in the “other experience” category would include military service, awards earned and leadership opportunities.
If at all possible, utilize relevant experience to help your goal. This experience can be paid or unpaid, a temporary job, field think about, a generous class venture, volunteer positions, or positions held in clubs, and so on.
On the off chance that your experience appears to break into two distinct classifications of "related" and "other," you can utilize these two headings and separation your experience along these lines. Related experience may incorporate a blend of paid business, humanitarian effort, understudy association work, and so forth. You can give more detail "as far as you can tell" area, and forget points of interest in the "other experience" segment.
Answer:
all of the above d.
Explanation:
Lamar is researching a business opportunity and has asked his acquisition team to help him review and verify all of the information about the business. This process of research and verification is called
:
trust and verify.
due diligence.
truth and consequences.
due assessment.
due diligence - reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something.
Answer:
due diligence
Explanation:
In business, due diligence refers to investigate, review or verify information regarding a potential business activity or investment. Before entering a business contract, both parties are expected (but not obligated) to perform due diligence to make sure that all legal requirements are met.
How does the federal government fund the yearly budget?
A. It borrows money by selling bonds and takes in tax revenue.
B. It borrows money by buying bonds and prints more paper currency.
C. It sells off high-value stocks and sells natural resources such as oil.
D. It takes in tax revenue and buys bonds.
What is a commission?
Its an instruction or command someone gives.
Commission can be a job or task that is given or it can mean the amount of money somebody makes.
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Hiring external workers on a contract basis to perform company work formerly done by company employees means that the job has been ____
Hey!
The answer should be Outsourced!
Hiring external workers to perform former company jobs is known as outsourcing. Outsourcing involves contracting jobs to an outside party, sometimes overseas, causing changes in the job market and contributing to structural unemployment.
Explanation:Hiring external workers on a contract basis to perform company work formerly done by company employees means that the job has been outsourced. Outsourcing is a practice where jobs are contracted to an outside source, which could be another company within the same country or in a different country. This practice can lead to a polarization of the job market, where there is an increasing division between low-end and high-end jobs, and a decrease in middle-level jobs. For example, many U.S. companies outsource jobs such as customer care, billing services, and other roles to other countries where labor costs are lower. This had led to a shift in the demand for workers and the types of jobs available, contributing to structural unemployment. Moreover, offshoring is a related concept that involves moving some of a company's operations overseas, often to take advantage of cheaper labor markets.
Today, almost every career path is open to men, but women are still limited in which jobs they can have. Please select the best answer from the choices provided T F
the answer is false
Today, almost every career path is open to men, but women are still limited in which jobs they can have, is the false statement.
Why women are considered less in job career?Women are less likely to be taken into account throughout the employment process in nearly 30% of cases. First of all, applications with fewer qualifications are more likely to exhibit gender bias; further knowledge and job experience are also important.
In the U.S. government's December jobs report, there was an intriguing fact that was buried deep inside the report: women held more jobs than men, holding 50.04% of the available positions. The U.S. Bureau of Labor Statistics reports that there are currently 109,000 more women employed than men.
Women were 14% less likely to be promoted at one organization, according to a recent MIT study, and "a major factor limiting women from being promoted is that they are regularly perceived to have weaker leadership potential than men," according to the report.
Thus, it is the false statement.
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Ike and nancy lara give western dance lessons at the elk's lodge on sunday nights. The lessons cost $ 3.00 $3.00 for members of the lodge and $ 5.00 $5.00 for nonmembers. Half of the money collected for the lesson is paid to ike and nancy. The elk's lodge keeps the other half. One sunday night ike counts 36 36 people in the dance lesson.
a.
a. What is the least amount of money ike and nancy will make? Ike and nancy will make at least $ .
b.
b. What is the largest amount of money ike and nancy will make? Ike and nancy will make no more than $ .
Answer:
a. Ike and Nancy will make at least $54.
b. Ike and Nancy will make no more than $90 .
a.Ike and Nancy will make the least money if all the 36 people were members of Elk Lodge.
If all the 36 people who took the class on Sunday were members of Elk Lodge, each of the 36 people would have paid only $3.00 for the lesson.
Since Ike and Nancy are paid only half of the money, they'll get [tex]\frac{1}{2}*3 = 1.50[/tex] per person.
Hence Ike and Nancy will make [tex]1.50 * 36 =54[/tex]
b. Ike and Nancy will make the most money if all the 36 people were not members of Elk Lodge.
If all the 36 people who took the class on Sunday were members of Elk Lodge, each of the 36 people would have paid $5.00 for the lesson.
Since Ike and Nancy are paid only half of the money, they'll get [tex]\frac{1}{2}*5 = 2.50[/tex] per person.
Hence Ike and Nancy will make [tex]2.50 * 36 =90[/tex]
Outsourcing and telecommuting are examples of which workplace trend?
Please select the best answer from the choices provided
The Global Economy
Diversity
Teamwork
Technology
Technology
ExplanationOutsourcing and telecommuting are the trends related to presence of growing technology within the economy allowing various services to be outsourced to people who are more of an expert when it comes to handling those procedures. Overall, these trends are mainstream nowadays and allow businesses to succeed in an articulate manner together with allowing tertiary industry to thrive
Answer:diversity(b)
Explanation:
If the price for widgets was set at $4
A) buyers would purchase all of the available widgets.
B) producers would discover that the price was too low.
C) buyers would purchase more widgets than are available.
D) producers would discover that the price should be lowered.
The correct answer was
D) producers would discover that the price should be lowered.
If the price for widgets was set at $4 D) producers would discover that the price should be lowered.
The price would be discovered as wanting to be set at a lower rate due to the price where the number sold and the price point they would purchase the most at is at $2.50. If the price was set at $2.50 demand and supply would be at an equal therefor the product would be moving and demanded at the same rate.
What publication can give you an idea of how administrative jobs are going to change in the future?
A: Office Pro
B: Occupational Outlook Handbook
C: From 9 to 5
D: The Executary
Answer: B. Occupational Outlook Handbook
The Occupational Outlook Handbook is published by the United States Department of Labor's Bureau of Labor Statistics. It provides information regarding the nature of work, training and education required for a particular job and earnings and job outlook for a wide range jobs and sectors in the United States.It is published biennially and was first published in 1948. The latest edition is the 2018-19 handbook.Entrepreneurs may be motivated to succeed in order to take care of their families.
True
ExplanationEntrepreneurs tend to take a risk of letting go of the opportunity cost of earning on a job. This therefore leads the person spending all their time and efforts in their venture business and putting in efforts. This however also means that they must ensure that return is achieved since their families and their consumption stakes depend on the very perception of maintenance.
This graph compares the cost of an education at different institutions in Texas.
This graph demonstrates that
private universities can cost three times as much to attend as public universities.
public universities can cost three times as much to attend as private universities.
community colleges can cost five times as much to attend as technical schools.
technical schools can cost five times as much to attend as community colleges.
A.) Private universities can cost three times as much to attend as public universities.
Hope this helps :)
From the graph that we have here what is shown is that private universities can cost three times as much to attend as public universities.
What does this graph show?The yellow bar on the graph stands for the private universities and from the prices that they carry, we can see that they cost more than the public schools.
Compared to the public schools, their prices are about three times as much.
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_______ bias occurs when someone uses information from the outcome of a decision, often a negative outcome, and retrospectively realizes what they should have done.
Hindsight bias is when people view events more predictable than they really are.
Reynaldo has purchased a home with an assessed value of $195,000. The
property tax rate in his area is 1.9%. What is his monthly tax payment?
Property taxes are usually calculated per annum (year). Thus the annual tax for Reynaldo's newly purchased home can be calculated by multiplying the value of the asset by the per annum tax rate. Hence the annual (yearly) tax for Reynaldo would be $3705 ($195,000 x 1.9%). Then the monthly tax payment would be $308.75 ($3705 ÷ 12, because an year has 12 months)
Answer:
$308.75 yerrd
Explanation:
Sasha is a manager for an ice cream company. the company recently developed a delicious low-calorie version of its product. at current volumes, the per gallon cost is the same to produce this new line as to produce its traditional ice cream and it is produced on the same equipment. the company could improve profitability by:
The company could improve profitability by "setting the price for this product line higher than its typical offering because of the increased perceived value by customers."
Profitability is the capacity of a business to gain a benefit. A Profit is what is left of the income a business creates after it pays all costs specifically identified with the age of the income, for example, delivering an item, and different costs identified with the direct of the business exercises.
Profitability can additionally be characterized as the capacity of a business to create an arrival on a speculation dependent on its assets in correlation with an elective venture. There are a wide range of routes for you to break down Profitability.
Marketing is often considered a creative endeavor but even the creative process needs _________
I think that the answer is marketing information.
choices are marketing information, information, and store information
The correct asnwer is information becasue you need both marketing and store info.
Marketing's creative process requires marketing information to shape the marketing mix. This information aids in aligning promotional activities and optimizing resource allocation for both small and large-scale campaigns.
Marketing is often considered a creative endeavor, but even the creative process needs structure and information. The correct answer to the student's question is marketing information. This information is critical as it helps to shape the marketing mix, which includes decisions about price, promotional activities, location, and sales channels. In any campaign, from large-scale brand advertising to small retail ads, the gathered information helps in understanding the product, the audience, the competition, and how money should be spent effectively.
For instance, a brand advertising campaign that will run over several months and in several media is likely to rest on a large information base to ensure consistency and effectiveness across all platforms. On the other hand, a retail ad placed in a local newspaper by a neighborhood shoe store may require less extensive information. Still, the management of time and money must be informed by the proper data to maximize the impact of the message. A variety of digital tools can also assist in managing and analyzing the information that has been collected.
It's vital to note that much of the information used in creating advertising does not appear directly in the ad's content but is used to understand the background encompassing the audience and message. Hence, marketing information plays a significant role in solving market function problems and improving the efficiency of economic allocation.
You have decided both to open a savings account and to purchase a vehicle. You would like a savings account with the highest interest rate and a vehicle loan with a low interest rate. You currently have a checking account at Bank A. From the banks listed below, determine with which bank you should open a savings account and at which bank should you apply for your vehicle loan.
a.
Bank A for the car loan and Bank B for the savings account
b.
Bank C for the car loan and Bank C for the savings account
c.
Bank B for the car loan and Bank A for the savings account
d.
Bank B for the car loan and Bank B for the savings account
The bank you should open a savings account with is Bank A and the bank, should you apply for your vehicle loan is Bank B. Thus the correct option is C.
What is Bank?
A bank is referred to as a financial institution that allows an individual to deposit and withdraw cash and allow them to borrow funds with a fixed interest rate for the purpose of investment.
In the given case, it is explained that Both opening a savings account and getting a car are decisions you have made. You want to borrow money for a car at a cheap interest rate and have the greatest interest rate savings account.
In order to avoid any burden you should make decisions with Bank B for the car loan and Bank A for the savings account and enjoy the assets for a lifetime with appropriate benefits.
Therefore, option C is appropriate.
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A retained earnings appropriation is a restriction of retained earnings by
A. senior management.
B. accountants.
C. the board of directors.
D. stockholders.
the answer is C. the board of directors
A retained earnings appropriation is a restriction on a company's retained earnings enacted by the board of directors. These earnings are typically earmarked for a specific use or purpose in the company, like for future investments or to buffer potential losses.
Explanation:A retained earnings appropriation is essentially a limit or restriction placed on a company's retained earnings, typically for a specific use or purpose. The correct answer to the question is C. The board of directors is the entity that enacts a retained earnings appropriation in a company. This process occurs when the board of directors, typically in accordance with laws or regulations, decides to earmark a portion of the retained earnings for a specific purpose, like for future investments or to cover potential losses. Senior management, accountants, and stockholders do not have the authority to make such an appropriation.
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Josey started a business called music and memories™. She recognized that music, socialization, and memory-challenging activities for senior citizens helped maintain their cognitive skills for longer periods of time. Though she strives for a financial gain, she uses the excess funds for enriching her programs instead of a personal profit. Music and memories™ is best classified as a(n) ______ organization.
Music and memories™ is best classified as a "non-profit" organization.
A non-profit organization (NPO) is one which isn't driven by benefit yet by commitment to a given reason that is the objective of all wage past what it takes to run the association.
Non-profit organizations are regularly utilized for trusts, cooperatives, backing, philanthropy, natural and religious gatherings.
Numerous however not all NPOs have paid staff in administration positions; all utilization volunteers. NPOs have no proprietors for surplus benefits to go to and any surplus subsequent to working costs are utilized to encourage its objectives as opposed to being conveyed between individuals or representatives of the organization.
Final answer:
Music and Memories™ is best classified as a non-profit organization as it reinvests excess funds into enriching programs rather than personal profit.
Explanation:
Music and Memories™ is best classified as a non-profit organization because although it aims for financial gain, it reinvests excess funds into enriching its programs rather than for personal profit. This aligns with the characteristics of a non-profit organization that prioritizes a mission over making money for individuals.
Describe three ways that globalization is having a negative impact on the environment
pollution
building up in countryside
over population
which of the following are examples of jobs in the allied health profession???
A: HVACR Technician
B: Machinist
C: Physical therapist
D: Veterinary technician
E: Satisfaction
Answer:
C: Physical therapist
D: Veterinary technician
those are the ones
Explanation:
Physical therapist and veterinary technician are examples of jobs in the allied health profession, while satisfaction is not.
Explanation:The examples of jobs in the allied health profession are the following:
Physical therapist: Physical therapists help people improve their mobility and manage pain through exercises and other treatments. Physical therapies provide better treatment to the patients in the field of bodily injuries.Veterinary technician: Veterinary technicians assist veterinarians in providing medical care to animals by performing tasks such as taking X-rays and collecting lab samples.Satisfaction: Satisfaction is not an example of a job in the allied health profession. It is not related to healthcare or medical services.Learn more about allied health profession here:https://brainly.com/question/32254121
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Tips, bonuses, and capital gains are all _____. Deductions on your paycheck stub fields on the W-2 form that need to be completed employee benefits sources of income
Tips, bonuses, and capital gains are all sources of income. Earned income typically includes salaries and bonuses, wages, commissions and tips.e Employment, investment and welfare are all examples of sources of income. Capital gain which us the profit that results from a sale of a capital asset is also an income.
When treasury stock is reissued for more than cost,
A. debit Cash and credit Treasury Stock.
B. debit Cash and credit Treasury Stock and Paid-In Capital from Treasury Stock.
C. debit Cash and credit Common Stock and Paid-In Capital from Common Stock.
D. debit Cash and credit Treasury Stock and Retained Earnings.
The correct answer is B. Debit cash and credit Treasury stock and paid in capital from Treasury stock.
If the treasury stock is being reused for more than what it was supposed to be in the acquisition cost the amount of cash which is in excess is being credited from Treasury Stock from Paid-in capital.
If it is reused for less amount then what we got out of the deductions is being debited from previous transactions of treasury stock to the account of paid-in capital.
If the balance which has remained in the previous stock is insufficient then the difference goes to be charged to the retained earnings.
Fred deposited $1,000 into an account that earns 2 percent, compounded annually. How much money will he have in 5 years? A. $1000 B. $1100 C. $1552 D. $1291 E. $1126
This situation can be modeled by an exponential equations. Exponential equations typically take the form [tex]y=ab^{x}[/tex]. In an interest problem, a represents the initial deposit, b is the yearly interest rate, x is the number of years, and y is the total amount of money.
Start by filling out what you know:
a: 1000
b: 1.02 (Fred will have all of the money he had before (1) plus the interest rate (2%=2/100=0.02)
x: 5
y: ?
Now, all you have to do is solve.
[tex]y=1000(1.02)^{5}[/tex]
[tex]y=1000(1.104)[/tex]
[tex]y=1104[/tex]
1104-->1100
The final answer is B. $1100.
In the graph, the equilibrium price is approximately
A) $1.00
B) $3.00
C) $5.00
D) $6.00
It seems the equilibrium might be the option B
Answer:
B) $3.00
Explanation:
An athlete who is unpaid is referred to as
Amateur Athlete
ExplanationAn athlete who is not professional and therefore doesn't have an optimal structure of expertise or skill set which is considered to be qualified enough to be paid for the services executed and the level of skill set delivered. This therefore is an important consideration when it comes down to receiving payment for the service delivered and the quality that comes embedded within the delivered service.
Which statement describes a benefit of international trade?
Chawalia is a South Asian nation with an agricultural economy specializing in production of aromatic rice. To increase production, the government introduces mechanized farming. This process increases the production of rice by 120%. The government begins exporting the surplus rice to Europe and the Americas. From then on, aromatic rice exports makes up 40% of Chawalia’s annual GDP. To further increase production, Chawalia formulates a program aimed at producing a minimum of 50 million tons of rice every year. It brings more land under cultivation. It conducts workshops and training sessions on good agricultural practices. It provides financing to farmers for buying farm equipment. As a result, more and more farmers practice mechanized farming, leading to a further increase in production. Soon, Chawalia has a 33% share of global rice production.
1.To increase production, the government introduces mechanized farming.
2. From then on, aromatic rice exports makes up 40% of Chawalia’s annual GDP.
3. It conducts workshops and training sessions on good agricultural practices.
4.Soon, Chawalia has a 33% share of global rice production.
A benefit of international trade is that it allows countries to specialize in producing goods or services in which they have a comparative advantage and increase their production efficiency and output.
Explanation:A benefit of international trade is that it allows countries to specialize in producing goods or services in which they have a comparative advantage. Comparative advantage refers to the ability of a country to produce a particular good or service at a lower opportunity cost than another country. When countries specialize, they can increase their production efficiency and output, leading to economic growth. In the case of Chawalia, the South Asian nation specialized in producing aromatic rice and increased production by introducing mechanized farming. This allowed them to export the surplus rice, contributing to their annual GDP and global rice production share.