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erastova [34]
8 months ago
5

under the income approach to gdp, the wages, salaries, and benefits paid by businesses and government fall under the category of

compensation of .
Business
1 answer:
Naddik [55]8 months ago
7 0

Under income method to GDP (gross domestic product), the wages, salaries, and benefits paid by businesses and government fall under the category of compensation of employees.

The total monetary or market worth of all of the finished goods and services manufactured inside a nation's borders during a certain time period is known as the gross domestic product (GDP). It serves as a thorough evaluation of the state of the economy in a specific nation as it is a wide indicator of total domestic production.

Even while GDP is frequently estimated on a yearly basis, it can also be calculated quarterly. For instance, the government of the United States produces an annual Gross domestic product estimate for the calendar year so each fiscal quarter. Each data set in this report is provided in real terms, which means that it has been corrected for price fluctuations and is thus net of inflation.

Learn more about gross domestic product (GDP) here:

brainly.com/question/16907223

#SPJ4

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Sophia is an architect and she is trying to decide whether to hire Jacob, a draftsman, to assist with her work. Sophia could hir
Brrunno [24]

Answer:

b. Jacob should be hired at the $20 per hour wage rate

<u>Options</u>

a. Sophia should do the drafting work herself because she has the lower opportunity cost

b. Jacob should be hired at the $20 per hour wage rate

c. Sophia should not hire Jacob because it would be faster for her to do the work herself

d. Jacob should be hired, but only if he is paid more than $30 per hour

Explanation:

Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars

Thus, making convinient to hire it as there is a profit of 30 dollars.

We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.

4 0
3 years ago
One of the elements of the Fraud Triangle focuses on how easy or hard it is for the internal control system to prevent any fraud
olga55 [171]

Answer: Opportunity

Explanation:

1. Opportunity - Given the fact that employees are granted access to very important documents, this might provide them the opportunity to commit theft. Employees who occupy top positions have access to classified information of the company which when manipulated can result to disastrous consequences. It now be holds on the employers of labour or the internal control system, to limit access to such information so as to make it hard for such fraud to be committed.

The procedures used by auditors to provide evidence are in two phases namely; the planning phase and execution phase.

1. The procedure for the planning phase is - Designing Appropriate Procedures : The evidence in this case could be a red flag noticed in the account records. The person who tried to commit the fraud could change figures in places that may not be noticeable.

2. The procedure for the execution phase involves - Implementing Appropriate Procedures : The evidence could be seen as an error. This error most likely results in wasteful spending.

8 0
2 years ago
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Co
Sunny_sXe [5.5K]

Answer:

d. Credit to the investment account for $9000.

Explanation:

Since Zach company owns 45% of the voting stock in the Tomas corporation and Tomas corporation uses an equity method in recording this investment and it reports a net loss of $20,000.

The Zach company's entry would be Credit to the investment account for $9000.

- Calculations: $20000 * 0.45 = 9000.

Hope this helps.

ThankYou.

6 0
3 years ago
Read 2 more answers
Explain the nature of mergers and acquisitions and the reasons why they may be used as a form of strategy development.
Drupady [299]

Answer:

Mergers and acquisitions consist of either joining two or more firms, or having one firm acquire another firm.

The rationale behind a merger or acquisiton is always strategic: a merger or an acquisition is carried out with the goal of improving the economic position and performance of the firms involved.

Some business strategies that can be implemented by a merger or acquisition are:

  • Horizontal integration: companies that sell similar products merge in order to join forces and expand their market reach.
  • Vertical integration: companies in the same industry, but that sell different products (for example, one company sells cars and the other sells bikes) merge in order to expand their market share.
  • Conglomerate formation: companies in different industries join in order to expand their markets even more.

3 0
3 years ago
A tax on the buyers of coffee will a. decrease the price of coffee paid by buyers, increase the net price of coffee received by
coldgirl [10]

Answer:

d. increase the price of coffee paid by buyers, decrease the net price of coffee received by sellers, and decrease the equilibrium quantity of coffee.

Explanation:

A tax is an amount levied by the government on a good or service.

A tax increases the price of the good.

Burden of tax is borne by consumers and producers depending on who has the greater price elasticity.

A tax would increase the amount paid by consumers for a cup of coffee and reduce the amount received by suppliers.

A tax would reduce the quantity demanded and supplied, so equilibrium quantity would fall

I hope my answer helps you

6 0
3 years ago
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