By the late 1800s, soft coal miners earned a higher hourly wage than other industrial workers of similar skill levels. The mining wage is an example of a. wage discrimination. b. a monopsony market. c. a compensating wage differential. d. an efficiency wage.

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Answer 1
Answer:

Answer: c. a compensating wage differential

Explanation: since different jobs in the labour market are characterised by different wages, workers do have different preferences as do firms who employ these workers have different conditions wherein they work. Soft coal miners earned a higher hourly wage than other industrial workers of similar skill levels due to compensating wage differentials. This is the additional amount of income that a worker must be offered in order to motivate them to accept a given job (often undesirable and collectively known as nonwage characteristics of the job), relative to other jobs that the same worker could perform.

For unpleasant jobs, firms often offer higher wages in order to attract workers. The reverse is also true.


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Logistics Solutions provides order fulfillment services for dot merchants. The company maintains warehouses that stock items carried by its dot clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours. In the most recent month, 120,000 items were shipped to customers using 2,300 direct labor-hours. The company incurred a total of $7,360 in variable overhead costs. According to the company's standards, 0.02 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.25 per direct labor-hour. Required: 1. What variable overhead cost should have been incurred to fill the orders for the 120,000 items? How much does this differ from the actual variable overhead cost? 2. Break down the difference computed (1) above into a variable overhead rate variance and a variable overhead efficiency variance.
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Apple's $3 billion acquisition of Beats Electronics and Beats Music in 2014 was an attractive strategy option for entering promising new industries in headphones and streaming music services because it

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Answer:

Please see attachment

Explanation:

Please see attachment

What aspects do financial institutions like the Bank of Rhode Island assess before granting funding to businesses

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Answer:

Financial institutions assess the probability of the business paying the loan back, and to do so, they evaluate the financial position of the business, mainly using financial ratios to do so.

For example, to analyze liquidity, the use liquidity rations like the current ratio, the acid test, and the cash ratio.

The also analyze the firm from a revenue standpoint, meaning that the financial institution tries to determine how profitable the company is, and how its profitability will evolve in the term of the loan. To do so, they use asset turnover ratios, economic value added ratios, net income, and even the weighted average cost of capital.

Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2018, 300 shares of preferred stock and 3,100 shares of common stock have been issued. The following transactions affect stockholders' equity during 2018: March 1 Issue 1,100 shares of common stock for $33 per share.

May 15 Purchase 400 shares of treasury stock for $26 per share.

July 10 Reissue 200 shares of treasury stock purchased on May 15 for $31 per share.

October 15 Issue 200 shares of preferred stock for $36 per share.

December 1 Declare a cash dividend on both common and preferred stock of $0.80 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.)

December 31 Pay the cash dividends declared on December 1.

Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2018: Preferred Stock, $300; Common Stock, $31; Additional Paid-in Capital, $67,000; and Retained Earnings, $26,000. Net income for the year ended December 31, 2018, is $9,900.

Taking into consideration the beginning balances on January 1, 2018 and all the transactions during 2018, respond to the following for Donnie Hilfiger:

Required:

1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

2. Prepare the statement of stockholders' equity for the year ended December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

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Answer:

Explanation:

Attached herewith is a picture that explains all that is needed concerning this question. Thank you and i hope it helps you as you go through

Final answer:

The stockholders' equity section of the balance sheet as of December 31, 2018, shows Preferred Stock: $60,000, Common Stock: $64.00, Additional Paid-in Capital: $125,600, Treasury Stock: ($6,400), Retained Earnings: $ 50,420, and Total Stockholders' Equity: $229,680. The statement of stockholders' equity for the year ended December 31, 2018, shows the effects of the various transactions during the year, including stock issuances, treasury stock purchases and reissues, net income, and cash dividends declared.

Explanation:

Stockholders' equity section of the balance sheet as of December 31, 2018:

  • Preferred Stock: $60,000
  • Common Stock: $64.00
  • Additional Paid-in Capital: $125,600
  • Treasury Stock: ($6,400)
  • Retained Earnings: $50,420
  • Total Stockholders' Equity: $229,680

Statement of Stockholders' Equity for the year ended December 31, 2018:

  • Beginning Balance: $31
  • Additional Paid-in Capital: $125,600
  • Common Stock Issuance: $33,000
  • Treasury Stock Purchase: ($10,400)
  • Treasury Stock Reissue: $6,200
  • Preferred Stock Issuance: $7,200
  • Net Income: $9,900
  • Cash Dividends Declared: ($2,640)
  • Ending Balance: $229,680

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How does the government pay for roads schools and emergency services?

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Final answer:

The government pays for roads, schools, and emergency services through the collection of taxes on income, property, and sales. The money is then allocated in the budget for various public services. Both federal and state governments contribute to these expenses, with an important chunk of it going towards education.

Explanation:

The government pays for public goods such as roads, schools, and emergency services through the collection of taxes and drafting budgets. These taxes can be imposed on income, property, and sales. The revenue raised is then allocated for various public services. For example, on a local level, funds are allotted for education, police, and fire departments. State governments allocate money for state colleges and universities, and maintenance of state roads and bridges. On the national level, money goes to things such as defense, Social Security, and maintenance of federal courts.

Figure 1.2 highlights the importance of these services, by showing a fire department ambulance rushing to help, paid for by the government through the tax base. The aim is to assure that everyone makes a contribution and to prevent free riders, hence taxes are often enforced through law. It is worth noting that while federal government spending often gets the majority of attention, state and local government spending is also substantial, with a significant proportion going toward education.

Local governments, just like state governments, receive revenue from grants and transfers from other levels of the government with property tax collections being another primary source. Essentially, the government ensures that public goods and services are funded by managing taxpayers' money and allocating it where it's most needed.

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Which document must a prospective buyer of an existing (resale) condominium unit receive?

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Answer:

Governance Form.

Explanation:

The buyer has the right to request a copy of several documents, including the Governance Form. This form summarizes the board of directors and unit rights.

If the beginning raw materials inventory balance is $50 and the ending raw materials inventory balance is $500 and the amount of raw materials placed into production $400.....what are the Net Purchases for the period

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The net purchase for the period will be $850.

Amount of raw material placed into production) = Opening inventory + Net purchase - Ending inventory

$400 = $50 + Net purchase - $400

Net purchase = $850

In conclusion, the net purchase for the period will be $850.

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Answer:

the net purchase is $850

Explanation:

The computation of the net purchase is shown below:

The amount of raw material placed into production = opening inventory + net purchase - ending inventory

$400 = $50 + net purchase - $400

So, the net purchase is $850

hence, the net purchase is $850