Answer:
salaries expense 800 debit
cash 800 credit
Explanation:
The 800 will be a salaries paid to the accountant.
It will have to post:
salaries expense 800 debit
cash 800 credit
The new time Jhon receive a paycheck this amount will be subtracted from his salaries to compensate.
<h2>
Both situations are examples of an economic problem.</h2>
Explanation:
Let us understand the term "economic problem"
Though the expectation of the people are endless, the "resources available" to satisfy the need is limited. This causes the "economic problem".
A student trying to decide how to spend his weekly allowance:
The need of student may be endless but still he is in a position to decide only based on the amount which he has to spend. He needs to prioritize the needs and then spend accordingly.
A country choosing to sacrifice some privacy to gain more security:
Under a compelled situation, the country has to sacrifice the privacy and then have to gain security. The loss due to negotiation of privacy is for sure and this leads to economic problem.
Open market operations involve buying and selling securities to influence the money supply. The correct answer is C.
Answer:
B. False
Explanation:
a) Data and Calculations:
The gross income from rent = $7,000
Rental expenses = $4,900
Net income from rent = $2,100
b) Rental expenses are business expenses. They are not part of itemized deductions. They are usually subtracted before arriving at the adjusted gross income (AGI) from which itemized deductions are then made. Therefore, there is no requirement to itemize the rental expenses.
The term value chain means we include the supply chain in our analysis and management with B) the downstream portion of the chain and distribution, such as marketing.
