The entry made at the end of the accounting period to record wages incurred but unpaid is Accrued expenses, An expense that is recorded on the books before it has been paid is referred to as an accumulated expense, also known as accrued liabilities.
The accounting period in which the expense is incurred is used to record it. Accrued expenses are listed as current liabilities on a company's balance sheet since they represent a company's obligation to make future cash payments. An estimated expense may not match the supplier's invoice, which will arrive at a later time.
According to the accrual method of accounting, costs are recorded as incurred rather than as paid when they are actually incurred.
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Having a job and a car are benefits of the free market system..
Answer:
5.06%
Explanation:
Given that,
Working-age population = 400 million
Workers employed = 300 million
Workers unemployed = 16 million
workers are not available for work = 64 million
workers are available for work but are discouraged = 12 million
workers are available for work but are not currently seeking work due to transportation = 8 million
Total labor force = Workers employed + Workers unemployed
= 300 million + 16 million
= 316 million
= 5.06%
Answer:
price floor
Explanation:
A price ceiling is a limit that is established by the government that determines the highest price that can be charged for a product or service.
A price floor is a control that is established by the government that determines the lowest price for a product or service.
According to this, the answer is that the minimum wage is an example of a price floor because it determines the minimum amount that a company can pay to a worker.
The other options are not right because a price ceiling establishes the highest price for a product and price door and price wall are not price controls.
