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If technological developments increase the marginal product of labor, then the:
Cumulative Earnings
The total amount of net income a company has earned over its lifetime, after dividends are paid out.
Hourly Wage Rate
The financial compensation given per hour of labor.
Time and a Half
A pay rate that is 1.5 times the employee's regular hourly rate, usually paid for overtime work beyond the standard workweek hours.
Salaries Payable
An account that records the amounts owed to employees for work performed that has not yet been paid.
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