Mandy Ewing has been working as a veterinarian's assistant for almost a year. Her friend recently told that her employee was in

violation of the _____ because she was not being paid the minimum wage.
O Fair Wage and Salary Bill
O Fair Labor Standards Act
O Compensation-Wage Law
O Minimum Compensation Act
O Equal Opportunity Act

Business

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Presented below are selected ledger accounts of Coronado Corporation as of December 31, 2020. Cash $51000 Administrative expense

Katen [3525]

The net income recorded for 2020 totals $171,360. Explanation: The calculation for net income is outlined as follows: Net income = Net sales - Cost of goods sold - Administrative costs - Selling costs - Loss from discontinued operations - income tax expenditure, which translates to $550,800 - $214,200 - $81,600 - $40,800 - $42,840 equals $171,360. The income tax expense calculation is done as follows: Income tax expense = (Net sales - Cost of goods sold - Administrative costs - Selling expenses - Discontinued operations) multiplied by the income tax rate, yielding $214,200 multiplied by 20%, resulting in $42,840.

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1 month ago

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the

marusya05 [3725]

Response:

Option A

Clarification:

Complete Query

A university surveys its students, finding that a 10 percent increase in tuition would result in a 12 percent drop in enrollment. If the aim is to boost overall revenue, the university should ________ tuition because the demand for education here is ________.

A) not increase; elastic B) increase; inelastic C) not increase; inelastic D) increase; elastic

Solution -

The demand for college education is elastic, meaning changes in tuition significantly influence demand. Raising tuition leads to a drop in enrollment, indicating that demand is not stable based solely on quality. Hence, the demand will not rise with a tuition increase, showing elasticity in demand.

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2 months ago

The initial price for a stadium is $800,000,000. There will be a 2% adjustment to the price, and $85,000,000 of revenue from the

soldi70 [3635]

Answer:

NPV = $246764705.88

Explanation:

The net present value of the stadium is calculated by subtracting the present value of cash outflow from the present value of cash inflow.

DATA

Initial cost = $800,000,000

Revenue from previous equipment sale = $85,000,000

Government funds designated for price reduction = $300,000,000

Discount factor for year 1 at 2% = 0.9804

Projected future cash inflow = $675,000,000

Resolution

NPV = Present value of cash inflows - Present value of cash outflows

NPV = $661,764,705.88 - $415,000,000

NPV = $246,764,706

Calculation Details

PV of Cash inflow = $675,000,000 x 0.9804

PV of cash inflow = $661,764,706

PV of Cash outflow = Initial cost - Revenue from equipment sale - Government funding

PV of cash outflow = $800,000,000 - $85,000,000 - $300,000,000

PV of cash outflow = $415,000,000

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2 months ago