Whether a court would require Tina to refund the money to Chevy depends on the specific circumstances, including any contractual terms and applicable consumer protection laws. It is important to consult with legal professionals for specific advice in situations like these.
Whether a court would require Tina to refund the money to Chevy would depend on various factors, such as the terms of the original purchase agreement and any applicable consumer protection laws.
If Tina did not make any false representations or engage in any deceptive practices, it is unlikely that a court would require her to refund the money. In general, sellers are not obligated to provide refunds solely based on a change in price or the buyer finding a better deal elsewhere.
However, if Tina made specific guarantees or promises regarding the price or value of the sunglasses, and those guarantees were proven to be false, Chevy may have a case for a refund. Additionally, if there are any applicable consumer protection laws in place that govern this type of transaction, they could also impact the court's decision.
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Because better weather makes farmland more productive, farmland in regions with good weather conditions is more expensive than farmland in regions with bad weather con- ditions. Over time, however, as advances in technology have made all farmland more productive, the price of farmland (adjusted for overall inflation) has fallen. Use the concept of elasticity to explain why productivity and farmland prices are positively related across space but negatively related over time.
Answer:
The price of farmland is actually very stable, although it has slightly decreased in the last few years. But the decrease is not because farmland is more or less productive, but because the price of crops decreased a lot in the last 4 years. Do to president's Trump trade wars, the demand for US crops fell dramatically. This hurt farmers a lot, not because the price of their land decreased, but because their revenues collapsed. A farm is just like any other business, if the cash flows decrease by 30 or 40%, it is normal that the price of the business will decrease.
Actually the price of farmland didn't decrease as much as their cash flows. Each farmer probably lost at least 30% of their total revenues, but the price of the land only decreased by 0.8% on average. This happens because the supply of land is extremely inelastic. You cannot just make more farmland, it doesn't work that way.
As productivity increases, the price of farmland increases also. But on the long run, as the prices and productivity increases, new technologies increase productivity even more, diminishing the amount of farmland needed to produce the same output. Farmland productivity has increased a lot in the past decades, which has increased total food production. The problem is that as more food is supplied, its price goes down. This results in prices of farmland decreasing over time due to technological break troughs.
This only happens in some countries like the US, Canada, Brazil, Argentina, and a few others where farmland is extremely abundant and the population per square mile is very low. In other places, e.g. south east Asia, where people are packed like sardines, the price of land hasn't stop rising and will continue to rise because the demand is much higher than the supply.
Which of the following errors will not affect the equality of the debit and credit columns of the trial balance? (A) A debit entry was recorded in a wrong debit account. B) The debit balance of a transaction has a different balance with its related credit. C The account balance was carried to the wrong column of the trial balance. (D) A debit was entered in an account as a credit.
In option (B), if a transaction's debit and credit balances do not match, it will also result in an imbalance. In option (D), if a debit is entered as a credit, it will result in a decrease in debits and an increase in recognition, leading to an imbalance.
Out of the given options, the error that will not affect the equality of the debit and credit columns of the trial balance is an option (C) where the account balance was carried to the wrong column of the trial balance.
This error affects only the individual account balance and does not affect the total debits and credits in the trial balance. However, the other options (A, B, and D) will affect the equality of the debit and credit columns of the trial balance as they result in an imbalance of total debits and credits.
In option (A), if a debit entry is recorded in a wrong debit account, it will result in one account being debited and another account being credited, leading to an imbalance. In option (B), if a transaction's debit and credit balances do not match, it will also result in an imbalance. In option (D), if a debit is entered as a credit, it will result in a decrease in debits and an increase in recognition, leading to an imbalance.
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If your income varies, you should
a. list the highest amount.
b. list the average amount.
C.
list the lowest amount.
none of the above.
d.
Answer:
B. list the average amount.
Explanation:
An average value is the estimated value between/among two or more varying values. It helps to give an idea of an expected value.
In the case of varying income, the average amount is required to be listed. This would ensure that appropriate compensation is made with respect to the lowest amount. This can be determined by adding the highest amount to the lowest amount, and divide the result by 2.
Therefore, option B is more appropriate.
What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?
Prior to the introduction of technology that facilitated large-study research, those interested in best understanding whether formal education was addressing the needs and interests of students and teachers alike had to rely on a number of time-consuming activities in an effort to collect and interpret reliable data. In this essay, describe how research into educational programs was conducted prior to the introduction of affordable technology and how this research is conducted today. In your conclusion, address the perceived value of research-based policy today compared with the policies that existed prior to the introduction of computer-assisted research.
Answer:
Technology provides students with easy-to-access information, accelerated learning, and fun opportunities to practice what they learn. It enables students to explore new subjects and deepen their understanding of difficult concepts, particularly in STEM.
Explanation:
Ellie is 15 and claimed as a dependent by her parents. She has $800 in dividends income and $1,400 in wages from a part-time job
The standard deduction for Ellie will be $1750
Age of Ellie is 15 years and is dependent on her parents.
Dividends income currently with Ellie = $800
Wages income with Ellie from her part-time job = $1400
Since Ellie is dependent on her parents and earned some income she is liable to pay tax according to standard deductions of the Internal Revenue Services(IRS)
Therefore computing the deductions:
Ellie being a dependent, her standard deductions are limited to the greater of (1) $1100 or your earned income plus $350
In this case,
Income from wages is = $1400 which is greater than $1100
Therefore , her standard deductions will be earned income +350 = 1400 + 350 = $1750
Although a part of your question is missing, you might be referring to this full question: Ellie is 15 and claimed as a dependent by her parents. She has $800 in dividends income and $1,400 in wages from a part-time job. Compute the 2019 standard deductions.
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Claire is opening her first savings account with a $200 deposit. Her account pays 0.5% interest compounded monthly. How much will this $200 earn in interest over the next 20 years?
References that employers trust for the most accurate reporting include
a. friends
b relatives
C. counselors
d. parents
Answer: counselors
Explanation:
References that employers trust for the most accurate reporting include counselors. Employers don't trust the friends, relatives and parents of the prospective employees or employees for an accurate report because employers believe that they're not professional enough and due to their closeness to the employee, they may give false information in order to put the employee at an advantage. Employers see counselors as being more professional and will give the right informations.
It should be noted that in a case whereby a candidate performs well in his or her job tests and interviews and has a positive recommendation from his or her references together, the person has a high chance of being employed.
Answer:
C. Counselors.
Explanation:
Did the quiz
PLEASE HELLPP!!!!’Hurrryyyy
Answer:
I thinkMARKETING MANAGEMENT
HOPE IT HELPEDWAN YOU TELL THE DIFFERENCE?
Directions: Read each of the following statements and decide:
a. Is it describing an economic good or an economic service?
b. Is it describing a consumer product or an industrial product?
c. What classification(s) of consumer or industrial product is being described?
Write your responses in the spaces provided.
Statement
Good or
Service?
Consumer or
Industrial?
Classification?
Good
Consumer
Convenience
Ex.: Ice cream for private birthday party
1. Contact lenses for a person who
wears glasses
SS
2. Tractor for a farmer to harvest wheat
to sell to a local flour mill
3. New computer for a company's office
4. Paper purchased by a
magazine publisher
5. Robots purchased by an auto
manufacturer for welding
6. Rental of a cap and gown
for graduation
7. Computer repair for your
personal laptop
8. Copper wire purchased by
General Electric Company
9. A new postage meter for the
shipping department
10. Brand-name clothing for you to wear
to a party
11. Haircuts for your family
12. A wheelchair after you break your leg
The various Questions Resolves are:
Good Consumer ConvenienceGood Industrial IntermediateGood Industrial CapitalGood Industrial IntermediateGood Industrial CapitalService Consumer ConvenienceService Consumer ConvenienceGood Industrial IntermediateGood Industrial CapitalGood Consumer ConvenienceService Consumer ConvenienceGood Consumer ConvenienceWhat is economic service?Generally, A customer, business, or government that is willing to pay for an action or usage is said to have purchased a service.
Some professions that fall under this category are barbers, physicians, attorneys, mechanics, bankers, and insurance company employees, among others. The provision of some services is within the purview of the public sector.
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Suzie pays her insurance company every month for coverage for her car. This payment is called the ___. deductible premium contribution liability
Answer:
premium
Explanation:
Premium is the term given to the regular and periodic payments that the insured makes to the insurance companies. Premiums are the payments for the insurance coverage.
Insurance coverage is a contract between the insurance company and the customer. As per the contract agreement, the company provides insurance coverage, and the customer pays premiums. In other words, Premium is the consideration for the insurance coverage.
now compare the combined preference ratings of each segment with the average purchase price. is there a reasonable correlation between the combined preference ratings and average purchase price?
Answer:
YES
Explanation:
There must be a correlation between the combined preferences and the average purchase price of a product or service.
The question above does not present data that can lead to a specific answer, but arrives at the answer presented above because:
Combined preferences are a set of requirements that are established to analyze the purchase of a service or product.The ability of the service or product to meet this set of requirements may influence its average purchase price.This is because, products and services that meet this set of requirements can establish a higher average price, as they have advantages over their competitors that justify the price increase.On the other hand, products and services that do not meet the set of requirements do not have this advantage and need to create an advantage through the lowest average price, in relation to their competitors.More information:
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Financial intermediaries that buy securities from and sell securities to investors are best described as:
Financial intermediaries that buy securities from and sell securities to investors are best described as **broker-dealers**.
Broker-dealers act as intermediaries between investors and the securities market. They facilitate the buying and selling of securities on behalf of their clients. They may engage in various activities such as executing trades, providing investment advice, underwriting securities offerings, and maintaining custody of assets.
When investors want to purchase securities, broker-dealers help them find suitable investment options and execute the transactions. Conversely, when investors want to sell securities, broker-dealers assist in finding buyers and facilitating the sale process. They earn commissions or fees for their services.
Broker-dealers play a critical role in the functioning of financial markets by providing liquidity, efficiency, and access to a wide range of investment opportunities. They ensure that securities transactions can occur smoothly and enable investors to participate in the market with ease.
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According to the national communication association, which skill is considered the most valuable by employers?.
Explanation:
Listening. Being a good listener is one of the best ways to be a good communicator. ...
Nonverbal Communication. ...
Clarity and Concision. ...
Friendliness. ...
Confidence.
Empathy. ...
Open-Mindedness. ...
Respect
According to the national communication association, communication skills are the one that is considered the most valuable by the employers. Therefore, the option B holds true.
What is the significance of communication skills?Communication skills can be referred to or considered as the skills that help in determining and showcasing the level of proficiency that an individual has while being involved in a communication in a professional environment.
When employers are looking for suitable candidates, communication skills of the applicants are given the top priority in order to determine the capabilities of a person as an ideal and a potential employee to the company.
Therefore, the option B holds true and states regarding the significance of communication skills.
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The missing choices to the incomplete question have been added below for better reference.
A. Verbal
B. Communication
C. Linguistic
D. All of these
What is the similarity between goodwill and factory equipment for a business?
A.
Neither has a physical presence.
B.
Both have a financial value.
C.
Both are tangible assets.
D.
Both need to be sold off within one year.
E.
Both are current assets.
Answer:b
B: Both have financial value
Explanation:ik its b
Ik its B took the test
Answer: I believe the answer is B
Placid Lake Corporation acquired 80 percent of the outstanding voting stock of Scenic, Inc, on January 1, 2020, when Scenic had a net book value of \( \$ 400,000 \). Any excess fair value was assigned
Placid Lake Corporation acquired 80 percent of the outstanding voting stock of Scenic, Inc, on January 1, 2020, when Scenic had a net book value of \$ 400,000.
Any excess fair value was assigned.
The goodwill is computed as follows:
The amount paid by Placid Lake Corporation for 80% of the voting stock of Scenic, Inc. is not given, but the total fair value of Scenic, Inc. is equal to the book value of \$400,000 plus any excess fair value assigned.
The fair value of Scenic, Inc. can then be computed as follows:
Fair value of Scenic, Inc. = Book value + Excess fair value
Fair value of Scenic, Inc. = \$400,000 + Excess fair value
Goodwill = Total fair value – Net identifiable assets
Goodwill = (\$400,000 + Excess fair value) - \$400,000
Goodwill = Excess fair value
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During the month of march, Sid, paid on salary, worked 35 hours the 1st week, 40 hours the 2nd week, 40 hours the 3rd week and 45 hours the 4th week
During the month of march, Sid, paid on salary, worked 35 hours the 1st week, 40 hours the 2nd week, 40 hours the 3rd week and 45 hours the 4th week and this is called fixed salary.
What is the fixed salary about?If Sid is paid on salary, it means that he is paid a fixed amount each month regardless of how many hours he works. Therefore, the number of hours he works each week would not affect his pay.
If Sid is paid an hourly wage, then the number of hours he works each week would affect his pay.
For example, if Sid's hourly wage is $20 and he worked 35 hours the first week, 40 hours the second week, 40 hours the third week, and 45 hours the fourth week, his total pay for the month of March would be $20 x 35 hours
= $<<2035 =700>>700 for the first week,
$20 x 40 hours = $<<2040=800>>800 for the second week,
$20 x 40 hours = $<<2040=800>>800 for the third week,
$20 x 45 hours = $<<2045=900>>900 for the fourth week,
For a total of $700 + $800 + $800 + $900 =
$<<700+800+800+900=3200>>3200 for the month of March.
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See full question below
During the month of march, Sid, paid on salary, worked 35 hours the 1st week, 40 hours the 2nd week, 40 hours the 3rd week and 45 hours the 4th week. What is this called
your company requires that all the data on your ebs-backed ec2 volumes be encrypted. how would you go about doing this?
Even if you don't use the encrypted=true request parameter, encryption by default enables you to guarantee that all newly generated EBS volumes in your account are encrypted at all times.
What holds true regarding the functionality of encryption with EBS?
What holds true regarding the functionality of encryption with EBS? When you take a snapshot of an encrypted volume, you generate an encrypted snapshot; when you restore an encrypted snapshot, you create an encrypted volume.
What steps should you take to safeguard the data on EBS volumes?
3 Important Things to Keep in Mind to Protect Data in Your Most Important EBS...
EBS Volume Encryption is the first.
Access Management, often known as how to prevent deletion of your EBS volumes, is item number two.
3 - How to Backup and Recover EBS Data Correctly
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Which of the following statements are correct regarding hours of work and income?
Select one or more:
a. An increase in the real wage rate would encourage you to work more as the opportunity cost of leisure becomes higher.
b. An increase in the real wage rate would encourage you to work less as your income from working a given number of hours is now higher than before.
c.The "price" of an hour of free time is the hourly wage rate.
d. From Figure 3.2 (Unit 3.0), we can infer that countries with similar GDP per capita have similar working hours.
The correct answer is Option B and C.
An increase in the real wage rate would encourage you to work less as your income from working a given number of hours is now higher than before.
The price of an hour of free time is the hourly wage rate.
The budget line is linear and decreasing. The indifference curve slopes down and becomes convex toward the origin. Indifference curves cannot be intersected. A higher indifference curve indicates greater satisfaction than a lower indifference curve. Constant marginal utility of money is not an assumption of indifference curve analysis
It is not a fundamental property of indifference curves that the indifference curve of an imperfect substitute is concave toward the origin. It always leads to increased consumption. Combining the income effect with lower prices will increase consumption regardless of whether the income effect increases or decreases. Indifference curves are used to investigate consumer preferences in microeconomic studies. Each point on the indifference curve indicates that the consumer is indifferent to her two products.
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What is the relationship between interest rates and aggregate spending?
A. when interest rates increase, aggregate spending also increases
B. when interest rates increase, aggregate spending decreases
C. they do not have any relation
D. both the factors are affected favorably by any external factor
E. both the factors are affected adversely by any external factor
Refer to the table below:
Changes in Real GDP Growth When the GDP growth rate decreases by one percentage point
1 Government spending (G) automatically increases for
Unemployment insurance benefits.
Food stamps.
Welfare benefits.
Social Security benefits.
Medicaid.
2 Government tax revenues (T) automatically decline for
Individual income taxes.
Corporate income taxes.
Social Security payroll taxes.
3 The deficit increases by $40 billion.
Changes in inflation When the inflation rate increases by one percentage point
1 Government spending (G) automatically increases for
Indexed retirement and social security benefits
Higher Interest payments.
2 Government tax revenues (T) automatically increase for
Corporate Income taxes
Social Security payroll taxes.
3 The deficit increases by $45 billion
What would happen to the budget deficit if the
(a) GDP growth rate jumped from 3 percent to 6 percent?
Instructions: Enter your responses to the nearest whole number.
The budget deficit increases or decreases by $_____billion.
(b) Inflation rate increased by 3 percentage point(s)?
The budget deficit decreases or increases by $_____billion.
If the GDP growth rate jumped from 3 percent to 6 percent, the budget deficit would decrease by $180 billion and If the inflation rate increased by 3 percentage points, the budget deficit would increase by $135 billion
The changes in real GDP growth and inflation rate would lead to changes in government spending, tax revenues, and the budget deficit. If the GDP growth rate jumped from 3 percent to 6 percent, the budget deficit would decrease by $180 billion.
This is because government tax revenues automatically increase for corporate income taxes and social security payroll taxes. Additionally, government spending automatically decreases for unemployment insurance benefits, food stamps, welfare benefits, social security benefits, and Medicaid.
Therefore, the increased GDP growth rate would lead to higher tax revenues and lower spending, resulting in a lower budget deficit. If the inflation rate increased by 3 percentage points, the budget deficit would increase by $135 billion.
This is because government spending automatically increases for indexed retirement and social security benefits and higher interest payments. Meanwhile, government tax revenues automatically decline for corporate income taxes and social security payroll taxes.
Therefore, the increased inflation rate would lead to higher spending and lower tax revenues, resulting in a higher budget deficit.
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Complete question:
Changes in Real GDP Growth When the GDP growth rate decreases by one percentage point
1. Government spending (G) automatically increases for
Unemployment insurance benefits.
Food stamps.
Welfare benefits.
Social Security benefits.
Medicaid.
2. Government tax revenues (T) automatically decline for
Individual income taxes.
Corporate income taxes.
Social Security payroll taxes.
3. The deficit increases by $40 billion.
Changes in inflation When the inflation rate increases by one percentage point
1. Government spending (G) automatically increases for
Indexed retirement and social security benefits
Higher Interest payments.
2. Government tax revenues (T) automatically increase for
Corporate Income taxes
Social Security payroll taxes.
3. The deficit increases by $45 billion
What would happen to the budget deficit if the:
(a) GDP growth rate jumped from 3 percent to 6 percent?
The budget deficit increases or decreases by $_____billion.
(b) Inflation rate increased by 3 percentage point(s)?
The budget deficit decreases or increases by $_____billion.
6 Tiffany Ham's business is thriving in Houston, TX. To reward her team, Tiffany is implementing a performance incentive program Annual Bonuses begin at $5,000 for excellent performance, $3,000 for good performance, and $1,500 for fair performance, and $0 for poor performance. The probability levels are 0.35, 0.30, 015, and 005, respectively. What is the expected value of the annual bonus amount for an employee? 10 points 200.4728 Multiple Choice O $2,325 $2,875 $1,875
The expected value of the annual bonus amount for an employee is $2,875. This is calculated by multiplying each bonus amount by its corresponding probability level and summing the results. In this case, the excellent performance bonus of $5,000 has a probability of 0.35, the good performance bonus of $3,000 has a probability of 0.30, the fair performance bonus of $1,500 has a probability of 0.15, and the poor performance bonus of $0 has a probability of 0.05. By calculating the expected value, we find that on average, employees can expect to receive $2,875 as their annual bonus amount.
To calculate the expected value of the annual bonus amount for an employee, we multiply each bonus amount by its corresponding probability level and sum the results.
Expected Value = ($5,000 * 0.35) + ($3,000 * 0.30) + ($1,500 * 0.15) + ($0 * 0.05)
Calculating this expression will give us the expected value of the annual bonus amount. Let's evaluate it :
Expected Value = ($1,750) + ($900) + ($225) + ($0) = $2,875
Therefore, the expected value of the annual bonus amount for an employee is $2,875.
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he following items were taken from the financial statements of P. Oriole Company
The following items were taken from the financial statements of P. Oriole Company. Sales revenue was $960,000, cost of goods sold was $640,000, operating expenses were $200,000, and income tax expense was $40,000. What was P. Oriole Company's net income?
To find out the net income, we can use the main answer provided below:Main AnswerNet Income = Sales Revenue - Cost of Goods Sold - Operating Expenses - Income Tax ExpenseExplanation:Sales revenue = $960,000Cost of Goods Sold = $640,000Operating
Expenses = $200,000Income Tax Expense = $40,000Net Income = ?Now we need to substitute all the given values in the main answer as follows:Net Income = Sales Revenue - Cost of Goods Sold - Operating Expenses - Income Tax ExpenseNet Income = $960,000 - $640,000 - $200,000 - $40,000Net Income = $80,000Therefore, P. Oriole Company's net income is $80,000.
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Career pathways never overlap.
A.
True
B.
False
Answer: Your answer should be False! For me, career pathways always overlap!
Explanation: Thank you for the points!!
2. Minor Case Study: Winter sports in New England: The New England list of sports excludes a range of activities found in other parts of the world including A) ice fishing, B) dogsledding and C) heli-skiing. Explain how you would create an artificial environment for EACH activity.
Artificial Environment for each winter sport in New England are: For ice fishing: To create an artificial environment for ice fishing, the first thing that you would have to do is to have an artificial lake, which can be created by digging out a large area and filling it with water.
Once you have an artificial lake, you will have to lower the temperature of the water, so that it freezes over. To do this, you can install a refrigeration system that keeps the water at a constant low temperature or you can build a large freezer that can hold the water.
For dogsledding: To create an artificial environment for dogsledding, you would have to create a trail that mimics the natural terrain found in the region. This could be done by using a bulldozer to create hills, turns, and straightaways, which will give the dogs a chance to run and play.
For heli-skiing: To create an artificial environment for heli-skiing, you would have to have a large indoor space that can simulate the mountain conditions found in the region. This would include having a large mountain, complete with snow, that can be used for skiing and snowboarding.
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Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies, to
whom is the carrier liable?
O It is liable to Sarah's enterprise, her sole proprietorship.
O It is liable to the third party, the buyer.
O It is liable to Sarah, the principal
O Both the first and second answers only.
If a puppy dies, then the airline carrier is liable. The transportation provider is in charge of providing accommodations for the animals while on a trip.
The airline carrier is liable for the puppy's death. Since the airline carrier did not maintain the proper temperature in the cargo space, which they were supposed to do, they are the ones who are responsible for the death of the puppy.
Sarah, as the seller, is not liable as she fulfilled her responsibility by selling a healthy puppy. The buyer is also not liable for the puppy's death as they were not responsible for the transportation of the puppy. Therefore, the airline carrier is the party responsible for the puppy's death.
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Probably the full options are:
The airline carrier is liable.The buyer is liable.Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?
Her entire compensation is $504.
The term "total pay" means what?Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.
The following formula will be used to determine Cindy Haskins' total compensation:
Hourly Payment per hour= $9.00
Hours worked= 40 hours
Payment = 40 X 9 = $360
Overtime payment per hour = $9.00 X 2= $18
Overtime = 8 hours
Payment = 18 X 8= $ 144
Total Payment= $360 + $144= $504
How do you figure up total pay?The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).
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He said," I don't like you" change in indirect speech
Answer:
whether'.
Explanation:
Which of the following most accurately describes the change in average weekly earnings since 1980?
Gradpoint
Answer:
Which of the following most accurately describes the change in average weekly earnings since 1980 Average weekly earnings have risen for college-educated workers only Which of the following workers is likely to earn the highest wage
Only college-educated workers' average weekly incomes have increased is most accurately describes the change in average weekly earnings since 1980.
What is income?Income is the money an individual receives in compensation for his or her work, services, orinvestments, or the money generated by a company's sales of goods and services.
Thus, Only college-educated workers income is increased.
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Coffee is weighted more than tea in the calculation of the CPI if?
A. coffee is more accessible to the typical consumer.
B. it costs more to produce coffee than it costs to produce tea.
C. consumers buy more coffee than tea. D. the price of coffee is greater than the price of tea.
Coffee is weighted more than tea in the calculation of the CPI if consumers buy more coffee than tea. Weights in the CPI are determined by the importance of the good to the consumer. Thus, the correct answer is option C.
What is CPI?A consumer price index is a price index that measures the cost of a weighted average market basket of consumer goods and services bought by households. Changes in the measured CPI reflect price changes over time.
A CPI is a statistical estimate based on the prices of a representative sample of items whose prices are collected on a regular basis. If consumers buy more coffee than tea, coffee is weighted higher in the CPI calculation. The importance of the good to the consumer determines the weights in the CPI.
Therefore, option C is correct.
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