The interest payment on the debt would rise from 0.2 to 0.5 of government revenue.
Government revenue, often known as national revenue, is the sum of money that a government receives from taxes and other sources to fund its operations. Both government spending and revenue are essential elements of the government budget and instruments of fiscal policy.
All of the government's earnings from taxes and other sources are referred to as government revenue. Government expenses are covered by these money. The government's fiscal policy heavily relies on its revenues and expenditures.
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when there is a tight money policy, a reduction in the money supply growth increases interest rates and that, in turn, business investment and ndp.
Contractionary monetary policy, also known as tight monetary policy, reduces a country's money supply to control inflation and maintain economic equilibrium.A central bank will probably try to slow the growth of money and prices by raising interest rates.
When there is an increase in the money supply, what happens to interest rates?
The Central Bank, also known as the authority in charge of monetary policy, is attempting to reduce the demand for money and slow the rate of economic expansion through tight monetary policy.Typically, this includes expanding financing costs.In most cases, the aim of tight monetary policy is to lower inflation.
What effect does a shrinking money supply have?
By restricting the flow of money throughout the economy, tight monetary policy has the implication of lowering inflation.By raising short-term interest rates, borrowing money becomes more costly.As a result, the central bank of a nation takes corrective action to prevent hyperinflation in the economy.
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________ reflects the idea in e-commerce that large numbers of people can make better decisions about a wide range of topics or products than a single person or even a small committee of experts.
In e-commerce, the concept of crowdsourcing reflects the notion that many individuals can make more informed decisions than one person or even a small group of specialists on a variety of issues or products.
Why does e-commerce exist?A network of online sales is e-commerce. The buyer can place a large order using this efficient method of purchasing, which eliminates the trouble and makes the process quicker and smoother.
What are B2C, C2C, and B2B?Four business models—B2C (Business to Consumer), Business to customer (Business to Business), Business to consumer (Consumer to Consumer), and C2B—have received a lot of attention as globalization, consumerism, and trading have progressed (Consumer to Business). These all have a history of being the most effective company models.
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alex shows up for work on time each day and is accountable and responsible. this best exemplifies someone who measures high for which big five trait?
Alex shows up for work on time each day and is accountable and responsible. This best exemplifies someone who measures high for which big five traits: Conscientiousness
Accountable way obligated to give an explanation for, justify, and take duty for one's movements, and to answer to someone, including a person with more authority. The kingdom of being accountable is accountability. The phrase accountable is often used inside the context of people taking duty for their moves.
A great instance of accountability is when you are targeted at achieving your desires and obligations. if you're capable of limiting distractions and pressures, you are a hit in accomplishing your dreams efficaciously. moreover, whilst your crew sees this, you are putting a great example for them. You construct a sturdy painting ethic for your group.
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Complete the following statements below regarding how each can be used in determining the QBI deduction.a. Modified taxable income is taxable income [before] the deduction for qualified business income, [reduced by any net capital gain] .b. Qualified Business income (QBI) is defined as the ordinary income less ordinary deductions a taxpayer earns from [a qualified trade or business] conducted in the United States by the taxpayer.c. A qualified trade or business is any trade or business [excluding] providing services as an employee. In addition, a "specified services" trade or business [is not] a qualified trade or business.d. Indicate whether the following are considered a "specified service trade or business:Services consisting of investing and investment management: [Yes]Performance of services in law: [Yes]Performance of services in accounting: [Yes]Performance of services in the performing arts: [Yes]Operating a retail furniture store: [No]Performance of services in athletics: [Yes]
A non-corporate entity; a partnership, a sole proprietorship, or a S corporation; whether a taxpayer takes tax standard deduction or itemsizes their deductions, the smaller of 20% and 20% from.
What is income and example?Income is the cash that a person or organization receives in return for working, providing a good or service, or using capital. People normally make money through wages or salaries, whereas corporations make money by selling products or services that cost more costs to produce them.
What are income types?Earned, passive, or investment earnings are the three basic types of income. Earned income includes includes salaries, tips, commissions, and wages. Rental properties, royalties, and limited partnerships are now all possible sources of passive or unearned income. Income, dividends, or capital gains on investments are all types of portfolio or investment income.
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davis corporation reported the following financial data for one of its divisions for the year; average assets of $490,000; sales of $990,000; and income of $113,000. the investment turnover is:
Investment turnover is solved for by dividing sales by average invested assets, Investment Turnover = Sales / Average Invested Assets, Investment Turnover = $990,000 / $490,000 and Investment Turnover = 2.02.
How does investing work?An asset or item purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on.
How do newbies invest?By depositing funds into an online investment account, which can then be used to purchase shares of stock or stock mutual funds, beginners can learn how to invest in stocks in one of the finest ways possible. You can open a brokerage account and begin investing with as little as one share.
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there are four suppliers in the packed meals market. the quantity of packed meals that each one is willing to supply per week at various prices is provided in the accompanying table. what is the change in the market supply for packed meals when the price rises from $6.25 per meal to $6.50 per meal? the quantity supplied in the market rises by 132,000. the quantity supplied in the market falls by 165,000. the quantity supplied in the market rises by 152,000. the quantity supplied in the market falls by 132,000.
when market supply for packed meals the price rises from $6.25 per meal to $6.50 per meal, the quantity supplied in the market rises by 152,000.
What is the market supply?
The amount of a product that producers are willing and able to sell in total, at various prices, over a specific time period, such as one month, is known as the market supply. A market supply curve, or supply curve for an industry, is the horizontal sum of all the supply curves for each distinct firm.
By adding the individual supply from each company operating in the market, we calculate the market supply. Similarly, we add up the own supply functions of each producer to determine their functions. The total supply in the market is equal to 1000 units if there are ten producers and they each produce 100 units of output.
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the purchase of goods and services, the sale of goods and services to customers, and costs to operate the business are all reported on the statement of cash flows under?
the purchase of goods and services, the sale of goods and services to customers are all reported on the statement of cash flows under Operating activities.
The tasks a company performs that are directly relevant to offering its products and/or services to the market are referred to as operating activities. A product or service is manufactured, distributed, marketed, and sold. These are the company's primary commercial activities.
The majority of an organization's cash flow often comes from its operating operations, which also heavily influences its profitability. Cash receipts from sold goods, employee paychecks, tax payments, and payments to suppliers are a few typical operating activities.
The income statement and cash flow statement, in particular, can be found on a company's financial statements.
Operating activities are different from investing and finance activities, which are corporate tasks unrelated to the delivery of goods and services.
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describe and differentiate between a compliance-based approach and an integrity-based approach to leadership. which approach is preferred? justify your response.
A compliance-based approach is formal and cannot be voilated but and an integrity-based approach to leadership focus on self-control.
Compliance-based approach elaborate formal rules that people opt to adhere to or decline and commit a violation. Whereas, integrity programs specialise in self-control and an inside control operation created of the 2 elements ethical|of ethical} judgment and moral character.
A compliance-based approach is so an approach aimed toward building moral organizations supported the interference, detection, and social control of violations of existing laws. The compliance-based ethics program is one amongst 2 approaches usually enforced by organizations.
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zang hao believes that if iuiga can produce the financial results above, he should be able to sell the company for $5,000,000 at the end of year 5. if he desires to make 25% return on investment, what is the maximum amount of equity that he should invest in the company? explain/justify your answer.
The maximum amount of equity that he should invest in the company is $15,258,789
The maximum amount of equity =Sum of the Present Value of Cash flows Present Value of cash flow,
The maximum amount of equity=(Cash flow)/((1+i)^N) ,
i=Required Return,
i=25%=0.25 ,
N=Year of Cash Flow Base Year,
N =5 years,
Cash flow=$5,000,000
Equity is equal to total means minus its total arrears. These numbers can all be set up on a company's balance distance for a company. For a homeowner, equity would exist in the valuation of the habitat less any unsettled mortgage arrears or liens.
[tex]Equity = total assets-total liabilities[/tex]
The maximum amount of equity= [tex]Cash flow *(1+i)^{N}[/tex]
= $5,000,000*[tex](1+0.25)^{5}[/tex]
=$5,000,000*3.05175
=$15,258,789
Therefore, the maximum amount of equity that he should invest in the company is $15,258,789
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The package shipping industry is dominated by a few large competitors: US Postal Service, Fedex, and UPS. This is an example of __________.
A. Pure competition
B. Pure monopoly
C. Monopolistic competition
D. Oligopolistic competition
The correct response is D. Oligopolistic competition. The package shipping industry is dominated by a few large competitors: US Postal Service, Fedex, and UPS. This is an example of Oligopolistic competition.
Another example of an oligopoly is the production of automobiles, where Ford (F), GM, and Stellantis are the top three producers (the new iteration of Chrysler through mergers). An oligopolistic market (also known as an oligopoly) is characterized by the dominance of a small number of businesses that provide comparable products and services over a large number of others. In an oligopolistic market, there are few competitors, which limits competition and enables every firm to thrive. A circumstance where there are just a few competitors (of items that can be differentiated, but not much); each competitor has a sizable share of the market and cannot afford to ignore the other competitors' actions.
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which of the following business segments would not be considered a cost center? multiple choice question. accounting department manufacturing facilities personnel department retail outlet
The Retail operating segment is not considered a cost center.
A cost center is a function within an organization that contributes to an organization's costs rather than directly contributing to its profits. This is different from a profit center, which directly contributes to the company's profits.
Examples of cost centers are the legal and accounting departments. Retail is not a cost center because it deals with the buying and selling of inventory. Therefore, it directly contributes to the benefit of the organization.
A retail trade within the meaning of the Employment Standards Act (ESA) is a business that sells goods or services to the public.
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In cell C6, enter a formula that multiplies the value in C5 for the month of January by the value in cell B6. Use a mixed reference for the cell B6 so that only column B does not change when copied. Use relative reference for all other cell references
Precision Building Average Kitchen Remodel Atlanta Boston Denver Honolulu Houston Avg Cost $43,000 $60,000 $38,000 $51.500 $53,00 5 Cost Increase 1.1
Formula in cell C6 = C5*$B6
Enter a formula in cell C6 that multiplies the value in C5 for Atlanta city by the value in cell B6. Make cell B6 a mixed reference so that only column B changes when copied.
A mixed reference is one that contains both absolute and relative references. The symbol $ denotes an absolute reference. $B6 indicates that column B is locked, which means that it cannot be changed when the formula is copied. And C5 is a relative reference, implying that no absolute reference is used.
When the formula is copied, the row and column numbers change depending on which cell the formula is copied to. And for B6, the column remains constant, i.e. B does not change, while the row changes depending on the cell to which the formula is copied.
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Which set of motives deals with our need to determine who or what causes the things that happen to us?A. need for consistencyB. need for attributionC. need to categorizeD. need for objectificationE. need for autonomy
Need for attribution set of motives deals with our need to determine who or what causes the things that happen to us.
The concept of attribution refers to how people classify the sources of their daily experiences as either internal or external. Attribution theory describes the models used to describe this process. In the early 20th century, Fritz Heider's work marked the beginning of psychological study into attribution. Heider was the one who initially popularized the idea of perceived "locus of causation" to describe how one perceives their surroundings.
For instance, an event may be interpreted as being the result of external forces or as the result of the person's own actions (internal). These early impressions are known as attributions.
Hence the correct option is B
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chapter 11 true or false: both public and private colleges measure and report most transactions in a similar manner.
Answer:
Yes, it is true in both public and private colleges measure and report most transactions in a similar manner.
Explanation:
While private institutions (like other not-for-profits) adhere to FASB standards, public colleges and universities follow GASB accounting rules. This distinction used to make a big difference because general-purpose governments and public institutions both utilised various monies.
Nowadays, the majority of public universities and colleges report as special-purpose governments carrying out commercial-type activities. They could show up as separately presented state government departments. Their financial statements closely resemble those of enterprise funds and measure events using the accrual method of accounting with an emphasis on economic resources.
As a result, the majority of transactions are measured and reported similarly by both public and private institutions.
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bob bryan made deposits of $10,000 at the end of each quarter to lion bank, which pays 8% interest compounded quarterly. after 9 years, bob made no more deposits. what will be the account’s balance 4 years after the last deposit?
The account's balance 4 years after the last deposit will be of:
$713,771.24.
What is the future value formula?The balance of an account is obtained by the equation presented as follows:
[tex]B = \frac{P\left(\left(1 + \frac{r}{n}\right)^{nt}-1\right)}{\frac{r}{n}}[/tex]
The meaning of each parameter is given as follows:
P is the periodic payment.r is the interest rate.n is the number of yearly compoundings.t is the time in years.To obtain the balance at the end of the nine years, the values of these parameters are given as follows:
P = 10000, n = 4, r = 0.08, t = 9.
Hence the balance after nine years is given as follows:
[tex]B = \frac{P\left(\left(1 + \frac{r}{n}\right)^{nt}-1\right)}{\frac{r}{n}}[/tex]
[tex]B = \frac{10000\left(\left(1 + \frac{0.08}{4}\right)^{4 \times 9}-1\right)}{\frac{0.08}{4}}[/tex]
B = 519943.67.
What is compound interest?The balance, in compound interest, after t years, is given by:
[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]
In which the parameters are given as follows:
P is the principal, which is the value of deposit/loan/....r is the interest rate, as a decimal value.n is the number of times that interest is compounded per year, annually n = 1, semi-annually n = 2, quarterly n = 4, monthly n = 12.Taking the balance at the end of the 9th year to obtain the balance at the end of the 13th year, the values of the parameters are given as follows:
P = 519943.67, r = 0.08, n = 4, t = 4.
Hence the final balance of the account is of:
[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]
[tex]A(4) = 519943.67\left(1 + \frac{0.08}{4}\right)^{4 \times 4}[/tex]
A(4) = $713,771.24.
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Data Marketing, Inc., registers its trademark as provided by federal law. After the first renewal, this registration
A. is renewable every ten years
B. runs for the life of the corporation plus seventy years
C. runs forever
D. is renewable every twenty years
Data Marketing, Inc., registers its trademark as provided by federal law. After the first renewal, this registration is renewable every ten years.
What a trademark entails?Any word, phrase, symbol, design, or combination of these that distinguishes your goods or services might be considered a trademark. Customers use it to identify you in the marketplace and set you apart from your rivals. Both trademarks and service marks can be referred to as "trademarks" in this sentence.
When does a trademark vs. copyright differ?The rights of those who produce artistic, musical, theatrical, and other types of intellectual works are generally protected by copyright laws (like history tests, and software code). The use of a company's name, product names, slogans, and brand identity is protected by trademarks.
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f public utilities are a natural monopoly, what would be the danger in splitting them into a number of separate competing firms?
Separating them has the risk of forcing businesses to shoulder the expenditures, as well as having an influence on roadways.
What is a "monopoly simple definition"?When there is just one seller in the market, this situation is referred to as a monopoly. In traditional economic theory, the monopolistic situation is seen as the complete antithesis of perfect competition.
What causes monopolies to form?Some of the sources of monopoly power include economies of scale, geographic advantages, high entry costs, restricted ownership of key inputs, and governmental restrictions like exclusive franchises, licensing and certification requirements, and patents.
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The investments of Steelers Inc. include a single investment: 33,100 shares of Bengals Inc. common stock purchased on September 12, 2016, for $13 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, 2016, balance sheet date, the share price declined to $11 per share. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December 31, 2016. Refer to the Chart of Accounts for exact wording of account titles. How is the unrealized gain or loss for available-for-sale investments disclosed on the financial statements?
The entries to acquire the investment on September 12 is $4,61,500 And the fair value on December 31,2016 is $1,06,500
Date Description Debit Credit
Sept 12 Investment in Bengals = $13 x 35,500 $4,61,500
2016 Cash $4,61,500
* to document the acquisition of 35,500 shares
in Bengals Inc. at $13 per share
Dec 31 Unrealized Holding Gain or Loss - OCI = $13 - $10 = $3 per
2016 share × 35,500 $106,500
Valuation allowance for available-for-sale
investments $106,500
*To document the fair value adjustment for an investment that is offered for sale.
B. Other Comprehensive Income, not the income statement, is where the unrealized gain or loss for investments that are available for sale is reported. Only unrealized profits or losses on trading investments are included in the income statement.
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Oil prices are denominated in terms of _____ in international commodities markets.
Oil prices are denominated in terms of dollars in international commodities markets.
What components constitute a business?A business is an organization or enterprising body that carries out commercial, industrial, or professional activity. There are two types of businesses: for-profit companies and nonprofit organizations. Among the various business structures are partnerships, corporations, limited liability companies, and sole proprietorships.
What are the principles of a business?Learning the fundamentals is the first step you should take to succeed in business. By conducting market research and comprehending the needs and expectations of your clients, you may create a successful company, but first you must become proficient in the essential business skills.
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1. Working from the table above, if Patricia wants to expand output from 450 web pages per month to 525 web pages per month her average cost per web page will go from ______________ to ______________.
Product
100
220
350
450
525
550
570
area
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
acre
Need
Ceca EL)
$3,000
$ 6,000
$ 9,000
$ 12,000
$ 15,000
$ 18,000
$21,000
Total
$5,000
$ 8,000
$ 11,000
$ 14,000
$ 17,000
$ 20,000
$ 23,000
$ 26,000
Marginal
Cost
$30
$25
$23
$30
$40
$120
$150
If Patricia wants to expand her output then her average cost per month for web page will go from 37.77 to 38.09.
Using the average cost formula,
Average cost = [tex]\frac{Total Cost}{Number of units}[/tex]
In case 1, where the output is 450 web pages
Average cost = [tex]\frac{17000}{450}[/tex]
= 37.77
In case 2, where the output is 525 we pages
then the average cost will be,
average cost = [tex]\frac{20000}{525}[/tex]
= 38.09
By dividing the total cost by the quantity of a good or service provided, the average cost, sometimes referred to as unit cost, is determined in economics. The average cost has a significant impact on how much firms charge for their products. Both fixed and variable costs are included in the overall cost of an enterprise. A metric that businesses can use to assess their profitability is the average cost. The average cost shows how a unit's manufacturing and sales costs and selling price relate to one another. The average cost shows how a unit's manufacturing and sales costs and selling price relate to one another. Businesses can better assess their long- and short-term profitability by using average costs.
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global pistons (gp) has common stock with a market value of million and debt with a value of million. investors expect a return on the stock and a return on the debt. assume perfect capital markets. a. suppose gp issues million of new stock to buy back the debt. what is the expected return of the stock after this transaction? b. suppose instead gp issues million of new debt to repurchase stock. i. if the risk of the debt does not change, what is the expected return of the stock after this transaction? ii. if the risk of the debt increases, would the expected return of the stock be higher or lower than when debt is issued to repurchase stock in part (i)?
Global pistons (GP) have common stock with a market value of a million and debt with a value of a million. investors expect a return on the stock and a return on the debt. assume perfect capital markets suppose gp issues million of new stock to buy back the debt.
A capital marketplace is referred to as a place in which savings and investments are accomplished between capital suppliers and those who're in want of capital. it's far, therefore, a place wherein various entities trade exceptional monetary devices. There are varieties of capital markets: primary market. Secondary marketplace.
A capital marketplace is an economic market in which long-time period debt (over a yr) or equity-backed securities are offered and sold, in contrast to a money market where quick-term debt is bought and offered.
Factors of a Capital market. character traders, industrial banks, financial establishments, insurance companies, commercial enterprise organizations, and retirement finances are a few huge providers of funds inside the market. traders offer cash proceeding to make capital gains while their funding grows with time.
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damon has an important interview coming up. he is reviewing various ways to send positive nonverbal messages. what tips should he follow?
He ought to heed the following advice.
Avoid chewing gum.Maintain a close ear.Make a real and impassioned pitch.Explain in detail.
Body language, arm movements, and facial expressions are examples of non-verbal cues. Without words, it is about to feel.Communication that occurs nonverbally is as as important as verbal communication, if not more so. Throughout the interview, the interviewer will keep an eye out for nonverbal cues.Damon needs to make a good impression on the interviewer, thus he must employ positive nonverbal cues. He needs to listen intently and sound eager and sincere in order to have a positive effect.He should never stand with his hands in his pockets, cross his arms, or chew gum because these actions are signs of disdain.To know more about Interview here
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if dividends of 74,800 were in arrears on preferred stock, what would be the balance reported for retained earnings
The balance reported for retained earnings would be $520000 i.e there would be no change in the retained earnings balance as the dividends were in arrears and not been declared,therefore we can not deduct arrears of dividend from retained earnings.
Balance reporting is a report through a financial institution to a customer, usually a company or agency, informing the patron of the balances in their debts. person clients can also request stability reviews, but balance reports for company and organizational customers are typically a whole lot greater complicated.
A balanced record is one that discusses all points of view of a specific tale and then leaves it to the readers to make up their minds.
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Arrange the following investments from lowest historical risk premium to highest historical risk premium.1. U.S. Treasury Bills2. Long-term corporate bonds3. Large-company stocks4. Small-company stocks
Following investments from lowest historical risk premium to highest historical risk premium is U.S. Treasury Bills, Long-term corporate bonds, Large-company stocks, Small-company stocks.
What are Treasury Bills?Treasury bills, often known as T-bills, are short-term debt securities issued by the Government of India and are now available in three tenors: 91 days, 182 days, and 364 days. T-bills are money market instruments. An investor is making a loan to the government when they purchase a Treasury Bill. The US government needs the funds to service its debt and cover ongoing costs like wages and military supplies. T-Bills can be purchased in denominations starting at $1,000 (the norm) and going as high as $5 million. Let's use an investor buying a $1,000 T-Bill with a $950 competitive bid as an example. The investor receives $1,000 when the T-Bill matures, earning $50 in interest on their original investment.
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which of the following is true? multiple choice forward contracts have no default risk. futures contracts require an initial margin requirement be paid. forward contracts are marked to market daily. forward contract buyers and sellers do not know who the counterparty is. futures contracts are only traded over the counter.
A true statement on forwards and futures is that B. futures contracts require an initial margin requirement be paid.
What are futures contracts ?A futures contract is a binding commitment to buy or sell a certain commodity asset, securities, or both at a defined price at a predetermined future date. For the purpose of facilitating trading on a futures exchange, futures contracts are standardized for both quality and quantity.
When purchasing a futures contract, the buyer assumes the responsibility for purchasing and receiving the underlying asset at the contract's expiration. The underlying asset must be available and delivered by the futures contract seller by the expiration date.
A margin would need to be paid on a futures contract called an initial margin requirement.
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2.what were the good steps/practices in implementation process for the mirabel roll-out and what steps/practices needed improvement?
Having the proper business processes in place to continuously drive progress toward your objective and adjust is essential for plan implementation.
What does a best practise procedure entail?A standard or set of recommendations recognised to result in positive results when followed are referred to as best practises. The best practises relate to the execution or configuration of a task.
What does "implementation process" mean?Process implementation is the strategic method for assisting a company to embrace new practises. Businesses introduce new procedures for a variety of reasons, including task simplification, productivity enhancement, error reduction, or business expansion.
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when prices are falling, economists say that there is a. deflation. b. inflation. c. a contraction. d. an expansion
Prices are falling, economists say that there is a deflation .
Economists take a look at the manufacturing and distribution of sources, items, and offerings through gathering and reading information, gaining knowledge of developments, and comparing economic issues.
A person with an economics diploma will find that they may be employable in many regions, irrespective of the precise industry that they'll paintings in. There is strong demand for graduates with understanding of economics throughout the worldwide hard work marketplace.
You are probable to require an undergraduate degree in economics or a related problem, which include facts, mathematics, enterprise research or finance and accounting. some employers may require you to hold a postgraduate grasp's degree in economics.
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A company has just finished brainstorming around fifty names for its new product line. What are the next two steps it needs to take in the name development process?.
Eliminate offensive names, then check for domain and social media accessibility.
How can a business or brand develop devoted customers who will keep utilizing its goods or services or make repeat purchases?build promos and loyalty programs that inspire consumer action. Features that may be seen or touched, such as design, symbols, and client touch points.
What are two factors that are frequently utilized to identify successful brands?Five standards must be met for a brand naming process to be successful: be specific to the business and/or product, communicate unmistakable benefits to key audiences, inspire employees and stakeholders, be long-lasting, and be applicable to all company communications.
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trio co. reported that maintenance and normal repair costs are expensed as incurred. if trio's current year machinery and equipment repair costs are $8,200, which accounts would be impacted to complete the journal entry? (check all that apply.)
-Credit Cash
- Debit Repairs expense
The journal entry is as follows
Repairs a/c DR. 8200
To Cash a/c 8200
The cash will be deducted and there will be addition in repairs expense account.
What is journal entry?
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Types of journal entry
Opening entries. Transfer entries.Closing entries. Adjusting entries. Compound entries.Reversing entriesread more about journal entry
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how do wage flexibility and downward wage rigidity affect the extent of unemployment in the economy when the demand for labor falls?
Wage flexibility and downward wage rigidity is Limited & Amplified.
Why is wage flexibility crucial?By keeping current positions during economic downturns and raising pay during economic expansions, wage flexibility helps to reduce unemployment. Therefore, a clear objective of public policy should be pay flexibility. By wage rigidity, we mean that wages only change on a yearly or longer period to reflect the marginal output of work. We define wage flexibility as the semi-annual or more frequent adjustment of wages to the marginal product of work.
What are the drawbacks of being a wage worker?Some employees may not like working for a pay since they might want the flexibility to change or omit shifts. Salaries for non-exempt workers may result in violations of the wage-and-hour laws. Employees that are FLSA non-exempt must be paid overtime, thus you must keep track of their working hours.
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