Answer:
This is a short and direct template I used to get my job, and it works pretty well.
Explanation:
Capital is a way of having land and labor to be involved for
production. In the given scenario above, the catapult and rock would be a
capital since it is needed to be made by people in order to gain something or
it is used for production.
Answer:
C) credit Sales Tax Payable for $21
Explanation:
Based on the information given In the same transaction, they must also CREDIT SALES TAX PAYABLE FOR $21 Calculated as:
First step is to calculate the sales tax element
Sales tax element = $371*6/106
Sales tax element= $21
Now let calculate what the Price exclusive of sales tax would be
Price exclusive of sales tax=$371-$21
Price exclusive of sales tax= $350
The correct journal entry should be:
Dr Cash $371
Cr Sales revenue $350
($371-$21)
Cr Sales tax payable $21
The correct answer is the second option (there is a difference in performance). The Equal Pay Act of 1963 was passed to ensure that employers would not discriminate based on gender. This means that employers cannot pay men more than women, just for being men (and vice versa). Essentially, the law ensures equal pay for equal work. However, it also notes that equal pay does not apply if the payment system correlates to the quantity of work. Since the women in this example are producing more output, then it is legal for them to be paid more for their larger quantity (and not simply because they are women).
