The Following Information Is Provided from Ace Electronics' Annual Report $\bold{2011}$

question 86

Multiple Choice

The following information is provided from Ace Electronics' annual report for the years ended December 31:

-Refer to the Ace Electronics annual report above.Using vertical analysis, $\bold{2011}$ Sales would be represented as ________.

• A)89%
• B)12%
• C)112%
• D)100%

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Definitions:

Minimum Wage

Minimum wage is the lowest legal remuneration that employers are allowed to pay their workers, established by government laws.

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price level in a given period.

Labor

The human effort, both physical and mental, used to produce goods and services.

Equilibrium Wage

The wage rate at which the quantity of labor employers are willing to hire equals the quantity workers are willing to supply, with no excess demand or supply.