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deff fn [24]
3 years ago
9

How are wages and salaries different from interest and rent income

Business
1 answer:
Lynna [10]3 years ago
5 0

Answer:

How are wages and salaries different from interest and rent income? It is not earned through actual labor. ... Direct - consumers pay the taxes directly to the government. Indirect - consumers are charged on goods or services and the taxes are sent to the government.

Explanation:

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A customer places an order on January 1, 2019. Fifteen days later, that order is received by the manufacturing department. Twent
denis-greek [22]

Answer: 75 days

Explanation:

The total customer-response time (CRT), will be calculated as:

Order received by the manufacturing department = 15 days

Add: Order put into production = 20 days

Add: Processing time = 25 days

Add: Shipping Time = 15 days

Total customer response time = 75 days

6 0
3 years ago
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She ha
avanturin [10]
House is worth 275- 195= 80k equity.  Car is 12k-7500= 4.5k equity plus 3k investments plus 2700 in the bank minues 1500 credit card debit= 88,700
8 0
3 years ago
Read 2 more answers
If a local diner can sell 50 burgers per day at a price of $5 each, but must reduce the menu price to $4.95 to sell one more bur
wolverine [178]

Answer:

$2.45

Explanation:

The formula to compute the marginal revenue is shown below:

Marginal revenue = Change in total revenue ÷ Change in number of quantity sold

where,

Change in total revenue would be

50 burgers × $5 = $250

51 burgers × $4.95 = $252.45

So, the change in total revenue is

= $252.45 - $250

= $2.45

And, the change in number of quantity sold is

= 51 burgers - 50 burgers

= 1

So, the marginal revenue is

= $2.45 ÷ 1

= $2.45

4 0
3 years ago
Zen Arcade paid the weekly payroll on January 2 by debiting Salaries and Wages Expense for $47,000. The accountant preparing the
hram777 [196]

Answer:

Salaries and wages payable...................Dr                    $20,000

                                      Salaries and wages expense                  $20,000

Explanation:

As per accrual system, an expense is incurred when it is accrued irrespective of when it is paid. So, $20,000 was accrued in December 31, salary and wages expenses would have been debited then amounting to $20,000.

In order to rectify the mistake of double counting, the entry passed by the accountant would be reversed to nullify the effect.

Adjusting Journal entry:

Particulars                                            Debit              Credit

Salaries and wages payable               $20,000

                 Salaries and wages expense                    $20,000

(Being double counting of salaries and

wages expense rectified)

4 0
3 years ago
Ben and Chris combined their love of football with a business venture. They purchased a small portable cart and began selling fo
wolverine [178]

Answer: Option C

Explanation: Environmental circumstances refers to the threats and opportunities that arise from political and economical unstability. These are highly fluctuating factors and can affect the business highly.

In the given case, the business of Ben and Chris slowed down due to the economic breakdown in the country. These factors are inescapable and affect all the businesses in the economy.

Thus, from the above we can conclude that the correct option is C.

4 0
3 years ago
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