Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. the equilibrium wage prior to the minimum wage hike was $10/hour. which is likely to result from increasing the minimum wage? the state will experience full employment. the labor market will become more efficient. some employers and workers will agree on a wage of less than $20/hour and not report the wages to the government. employers will demand more labor than workers will supply. this result of increasing the minimum wage is an example of a quantity control. black market. license. quota rent.

Payday loans could be considered as a. illegal b.subprime lending c. good deal for borrower d. for frequent use

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.