Answer:
The information in the schedules can be found on this link:
https://www.google.ch/search?q=%22production+function+and+demand+for+labor+schedules%22&hl=en&tbm=isch&source=iu&ictx=1&fir=Q9NxFXsgg-TLAM%253A%252C3Ii2VLpJgT9QqM%252C_&vet=1&usg=AI4_-kT1RugPPWJXULztRybSitHwqJnmQg&sa=X&ved=2ahUKEwjV-vf__eXmAhUDvVkKHYsSDh8Q9QEwCHoECAoQDA#imgrc=_&vet=1
There is a federal agency in the legislative branch of the US Government that makes economic information available, that agency is <em>"The Congressional Budget Office"</em>, which inspects and breaks down the distribution of income in the country and how it changes over time.
The <em>GDP</em> is the value of goods and services produced in a year; the production function is the relationship between GDP and labor, where <em>labor supply</em> is wage rate and labor hours at such wage rates and the combination of wage rates and labour hours determines the <em>labor demand</em>. With the info provided in the example, the real wage rate would be <em>$2 an hour</em>.
Answer:
C. Estimated Warranty Payable for $15,900
Explanation:
The journal entry is shown below:
Warranty expense $15,900
To Estimated warranty liability $15,900
(Being the warranty expense is recorded)
The computation is shown below:
= Monthly sales × estimated given percentage
= $530,000 × 3%
= $15,900
We simply debited the warranty expense as it increases the expenditure and credited the liabilities as it also increases the liabilities account
In the product markets of the circular flow model, households provide <u>Consumption Spending (or Revenues) </u>to the business sector in exchange for goods and services.
Consumer spending is the total amount of the money spent by people and families in an economy on finished goods and services for their own use and enjoyment. All private purchases of durable, nondurable, and service products are included in modern measurements of consumer spending.
To help estimate and plan investment and policy decisions, investors, corporations, and regulators regularly monitor published statistics and reports on consumer spending.
To know more about consumer spending, click here:-
brainly.com/question/14809763
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