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3 years ago

1.1.11 Advise SM on the negative impact of the socio economic issues identified in QUESTION 1.1.10 (6 )

1 answer:

8 0

A social-economic issue is simply a factor that can be classified as having a social and economic bearing or having an economic impact on members of society.

<h3>What are examples of Social Economic Factors?</h3>

Please note that the information on the question is incomplete hence the general answer.

Examples of social-economic factors are:

Employment
Safety
Income levels
Education etc.

One negative social-economic factor based on the above is unemployment. This is the condition wherein more and more people who are willing to work are unable to find gainful employment.

The negative impact of this on the economy is that if people are unwilling to buy household goods and pay for household services, soon those providing those services will be unable to operate their businesses.

This condition is what leads to a recession if not properly checked by the government. One way the government can decrease unemployment is by increasing the money supply.

Learn more about social-economic factors at:
brainly.com/question/359649

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Penny Lane and Associates purchased a generator on January 1, 2015, for $6,300. The generator was estimated to have a five-year

s2008m [1.1K]

Answer:

The depreciation expense recorded in 2017 will be $930

Explanation:

Cost of the generator = $6,300

Initial useful life = 5 years

initial salvage value = $600

Revised useful life = 6 years

Revised salvage value = $300

Now,

Initial Annual depreciation = [ Cost - Initial salvage value ] ÷ Initial useful life

= [ $6,300 - $600 ] ÷ 5

= $1,140

Therefore,

accumulated depreciation till the end of 2016

= 2 × $1,140

= $2,280

Therefore,

Book value for the year 2017

= Cost - accumulated depreciation till the end of 2016

= $6,300 - $2,280

= $4,020

Therefore,

The revised annual depreciation

= [ Book value for 2017 - Revised salvage value ] ÷ Remaining useful life

= [ $4,020 - $300 ] ÷ (6 - 2)

= $930

Hence,

the depreciation expense recorded in 2017 will be $930

7 0

3 years ago

A city mandates that all businesses who sell goods and services to the city must pay at least a living wage to their workers tha

ankoles [38]

Answer:

c. Higher-skilled workers are readily available at the higher wage.

Explanation:

the government decree would make the cost of hiring low skilled labour higher. As, a result there would be a reduction in the quantity demanded of low skilled labour.

if High skilled workers are readily available at the higher wage this would lead to a greater decrease in employment of low-skilled workers. Employers would ask themselves why pay the same high wages high skilled labour earns to low skilled labour when high skilled labour can be hired at the same price since most likely higher skilled workers would carry out the tasks better than lower skilled labour ?

4 0

3 years ago

Sheridan Company received $135000 in cash and a used computer with a fair value of $318000 from Carla Vista Co. for Sheridan Com

sammy [17]

Answer:

The gain that Sheridan should recognize on this exchange is $135000

Explanation:

Where Exchange Transaction lacks commercial substance, the asset that is acquired is measured at the <em>Carrying Amount or Undepreciated Cost </em> of the asset given up.

The gain will then include an <em>further consideration acquired</em> on the exchange of an asset.

<u>Entries to record the exchange are as follows :</u>

Cash $135000 (debit)

New Asset at undepreciated cost $420300 (debit)

Cost of Old asset given up $420300 (credit)

Gain on exchange $135000 (credit)

Conclusion :

The gain that Sheridan should recognize on this exchange is $135000

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3 years ago

If your lifestyle budget is $50000 a year selecting a career earning $75,000 will most likely allow you to meet your lifestyle g

NARA [144]

From what is said the answer is true. that leaves 25000 over your lifestyle budget

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3 years ago

An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a s

Ivenika [448]

An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a salary of $50,000 per year represent the presence of social <u>inequality </u>within society.

<h3>What is inequality?</h3>

Inequality can be defined as the way in which income or wealth are not distributed equally in a society as some people earn more than others.

Hence, their is the presence of social inequality within a society if a investment banker earn $1 million a year, a food service worker makes minimum wage, and a teacher earn $50,000 per year.

Learn more about inequality here:brainly.com/question/24143597

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2 years ago

1.1.11 Advise SM on the negative impact of the socio economic issues identified in QUESTION 1.1.10 (6 )​

1.1.11 Advise SM on the negative impact of the socio economic issues identified in QUESTION 1.1.10 (6 )