Which of the following statements is true concerning the minimum wage? a. the minimum wage is set in nominal, not real terms and declines as the price level rises. b. the minimum wage is usually above the wage set in living wage ordinances. c. most minimum wage workers live in households with income below the poverty line. d. over 30% of the u. s. labor force receives the minimum wage

Michigan mattress company is considering the purchase of land and the construction of a new plant. the land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. it is estimated that the firm's afterminustax cash flow will increase by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. what is the approximate payback period?

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?

Principals are an administration career