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Anni [7]
2 years ago
10

Features of wealth definition 10

Business
1 answer:
Kay [80]2 years ago
5 0
<h2><em>Features of wealth :-</em> </h2>

<h3>The following are the characteristics of wealth: </h3>
  • <em><u>Increased stress on wealth</u></em>: This definition presented considerable value to the nature of money in the economy. According to some economists, the economic success of any country depends on the accumulation of wealth.
<h3 />
  • <em><u>Examining the Nature of Money:</u></em> According to this definition, economics is also divided with the investigation of the circumstances that led to the creation of wealth.
  • <em><u>Research on the Nature of Wealth:</u></em> According to this definition the wealth of a nation consists only of physical products.
  • <em><u>Economic Man: </u></em>This theory states that an economic man converges on his personal goal, that is to earn money
<h3> </h3><h2>Hope it helps.......</h2><h2>STAY SAFE, STAY HEALTHY AND BLESSED.</h2><h2>HAVE A GOOD DAY</h2><h2>THANK YOU</h2><h3>#Jennifer</h3>
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If accrued salaries were recorded on December 31 with a credit to Salaries Payable, the entry to record payment of these wages o
nikdorinn [45]

Answer:

c. A debit to Salaries Payable and a credit to Cash.

Explanation:

As on December 31, entry to record the expense of Salaries which is accrued and not paid is

Salary A/c Dr.                

  To Salaries Payable

Now on the closing date, of previous year there is a liability outstanding of Salary Payable.

In the next year on 5th January the salary outstanding in opening balance sheet is paid.

For this, the payment will be made and accordingly, cash will be reduced.

Accordingly liability will be reduced for this, liability will be debited.

Therefore, correct option is

c. A debit to Salaries Payable and a credit to Cash.

6 0
3 years ago
An organization has a standing order with a supplier. the organization has ordered the same product in the same quantity monthly
evablogger [386]

Answer:

Modified Rebuy.

Explanation:

Modified Rebuy can be defined as the desires of a buyer to re-purchase or reorder the products previously bought but with certain modifications either in prices, products, suppliers, or terms. The buyer may modify the current purchasing terms because he may not be satisfied with the supplier or may have some new requirements.

In the given case, the modification in supplier has been made by the organization to get a better price. Thus this is an example of modified rebuy.

So, the correct answer is modified rebuy.

7 0
2 years ago
Which of the following falls outside of the classification of business expenditures that fall into the category of variable cost
yuradex [85]

The option that falls outside of the classification of business expenditures that fall into the category of variable costs is option C. costs of research and development. Read below about costs of research and development.

<h3>What is a costs of research and development?</h3>

These are costs taken to develop new products or processes that may or may not result in commercially viable items. The general rule is that research and development costs are to be expensed immediately when the costs are incurred.

Therefore, the correct answer is as given above.

learn more about costs of research and development: brainly.com/question/18685415

#SPJ1

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In a purchases-payables computer system, a purchase order is created after which document has been processed?
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In a purchases-payables computer system, a purchase order is created after which document has been processed?
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