Answer:
In economics, capital refers to buildings and machines used in the production process.
The correct answer is B
Explanation:
In economics, capital is the totality of machines, tools, equipment and raw materials used in the production process.
Answer:
- The nations
Created regulations that prevent the firms to do something that harmful for the households. This made people in the households able to safely buy their products without worrying much about the materials that is used by the firms.
The nations also create regulations that prevent the firms to conduct malicious/dishonest marketing practices.
- The firms.
Created product that can be consumed by the customers.
These products will be use by the household to fulfill both their basic needs and tertiary needs.
After obtaining a profit, the firms will pay a percentage of their profits to the nations. The nations will use it to fund government programs.
- The household
The household provides the labors that is ued by the firm. They also use the wage of their labors to purchase products that is produced by the firm. A percentage of their wages also taken as taxes for the household.
Answer:
$1,323
Explanation:
The computation of the gross pay for the employees is shown below;
Gross pay = ( Hours worked × Hourly rate ) + (Hours worked - excess worked hours) × Hourly rate × half yearly basis
= (46 hours × $27 ) + (46 hours - 40 hours) × $27 × 0.50
= $1,323
We simply applied the above formula to determine the gross pay for the employee without deducting any kind of taxes given in the question.
Answer:
The answer is: Salaries and Wages Payable
Explanation:
The accrual principle states that transactions must be recorded on the periods when they occur, and not necessarily when cash flows are associated with them.
This is basic and fundamental for recording expenses, they have to be recorded when they actually happen, not when they are paid for. For example, your company buys a new supplies this month but pays for them with a check due in 45 days. This operation must be recorded today, not in 45 days.