All categories

3 years ago

What does the credit balance in the accumulated depreciation account represent?

1 answer:

3 0

The credit balance in the accumulated depreciation account represent: <span> the amount of depreciation taken in past years
In accounting, we must reduce the value every year we held an asset in order to show the true amount of the total asset values. This occurence is called a depreciation. If the amount of depreciation is add-up for several years, this account is called accumulated depreciation
</span>

You might be interested in

Other things being equal, a ________ supply of workers tends to put ________ pressure on real wages.

Sav [38]

The answer is, larger; downward.

Other things being equal, a larger supply of workers tends to put downward pressure on real wages.

<h3>How do wage increases affect the demand for and supply of labor?</h3>

The quantity of work required will alter in response to changes in pay or salary.
Employers will want to hire fewer workers if the pay rate rises.
There will be a reduction in the amount of labor requested and an upward shift in the demand curve.

<h3>What causes wage increase?</h3>

There are several reasons why employers may decide to raise salaries.
An increase in the minimum wage is the most frequent justification for wage increases.
The minimum wage can be raised by both the federal and state governments.
Companies that manufacture consumer items are also renowned for giving their employees small pay raises.

<h3>How does wage increase affect supply?</h3>

The aggregate supply curve shifts inward when the money wage rate increases, which results in a decrease in supply at all price levels.
The aggregate supply curve shifts outward as the money wage rate declines, increasing the quantity supplied at any price level.

Learn more about real wages here:

brainly.com/question/1622389

#SPJ4

8 0

2 years ago

A sporting goods manufacturer budgets production of 57,000 pairs of ski boots in the first quarter and 48,000 pairs in the secon

umka2103 [35]

Answer:

Cost of purchase for first quarter = $766,500

Explanation:

Total production of current quarter = 57,000 pairs

Raw material required for above = 57,000 X 2 kg per pair = 114,000 kg

Less: Opening inventory of raw material 28,500 kg = 114,000 - 28,500 = 85,500 kg required for quarter 1

Also provided that closing inventory shall be 25% of total raw material required for next quarter.

Raw material required in second quarter = 48,000 pairs X 2 kg each = 96,000 kg

25% of above = 96,000 X 25% = 24,000 kg

Total raw material to be purchased in current quarter that is first quarter = 85,500 kg + 24,000 kg = 109,500 kg

Rate not provided assumed to be same as of opening inventory that is $7 per kg, therefore cost of purchase for first quarter = 109,500 kg X $7 = $766,500

3 0

3 years ago

Read 2 more answers

Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for th

julsineya [31]

Answer:

$274,400

Explanation:

Data provided in the question:

Annual income of Tim and Tammy = $56,000

Net worth of Tim and Tammy = $150,000

Now,

Using the easy method

Step 1;

Multiply the annual gross income by 70%

⇒ $56,000 × 0.70

⇒ $39,200

Step 2 :

Multiply the above result with 7

⇒ $39,200 × 7

⇒ $274,400

therefore,

we get the amount of life insurance as $274,400

8 0

3 years ago

does the social responsibility and social efficiency of a company weigh into your decision when buying a product

polet [3.4K]

Answer:

yes very much so

Explanation:

I would not want to associate my self with or support any company that doesn't have any concern for the environment in which operates in. Even if it's social efficiency is high.

6 0

3 years ago

Any attempt to verify outcomes and compare them standards can be considered a(an) _______activity, althoughmany smaller firms do

otez555 [7]

B. auditing is your word

3 0

3 years ago