Answer:
C. debit Salary Expense, $8000; credit Salaries Payable, $8000
Explanation:
When Salaries are payable or accrued, the following journal entry is passed:
Salaries Expense A/C Dr.
To Salaries Payable A/C
(Being salaries payable recorded)
The effect of the above transaction being, salary expense being debited and salaries payable or outstanding liability being created.
On the date of payment, the journal entry would be:
Salaries Payable A/C Dr.
To Cash A/C
(Being salaries paid in cash recorded)
In the given case, 2 days salaries i.e $8000 have accrued. The entry to be passed on Tuesday would be as under:
Salaries Expense A/C Dr. $8000
To Salaries Payable A/C $8000
(Being salaries payable recorded)
Answer:
on the 5th year: $34, 898
the total 5 years: $128,775.78
Explanation:
add 18% of 18,000 to 18,000
then add 18% of that sum to the sum
and so on
20 I think that is not my strong suit though
Answer:
C. private property rights
Explanation:
A fundamental difference with socialism under which property rights are violate or denied. If individuals cannot own what they achieve they don't have the incentives to improve the manufacturing process (patents), discover new materials(right of use) or offer their factor in the market (rent their capital, land or offer his workforce) Leaving a society with lower output as time passes becasue there is no innovation. Without property right we are back into grow rate of the medieval period on which the lord ownerd the land and the indivudual nothing.
Yes, if the teen is educated on computers and the assembly of them.
No, if they are not educated about computers