Competency-based pay is type of pay that is similar <span>to pay structures based on individual characteristics. This type pf pay refers to a plan that covers exempt employees.</span><span> According the competency-based pay approach employees are rewarded based on their skills, knowledge and experience they apply in the workplace, and not based on their position or job title. </span>
Explanation:
On the books of Shore Co
Cash A/c Dr $111,560
Sales discount A/c $2,240 ($11,2000 x 2%)
To Accounts receivable A/c $113,800 ($112,000 + $1,800)
(Being cash is received)
On the books of Blue star
Accounts payable A/c Dr $113,800 ($112,000 + $1,800)
To Merchandise inventory A/c $2,240 ($11,2000 x 2%)
To Cash A/c $111,560
(Being cash is paid)
Answer:
$6 unfavorable
Explanation:
The computation of the cost variance is shown below:
Cost variance = Standard cost - actual cost
where
Standard cost is
= $20 + 0.20 ×$26 + $40 × 0.20
= $20 + $5.2 + $8
= $33.2
And, the actual cost is $39.20
So the cost variance is
= $33.2 - $39.20
= $6 unfavorable
Since the actual cost is more than the actual cost which reflects the unfavorable variance
Answer
Investment equals B) $500
Explanation:
We first lay out the national income identity in this form:
Y-C-G = I + NX
Where:
Y-C-G = National Saving
I = Investment
NX = Net exports (when NX is posivite, the economy is running a trade surplus).
National Saving = Private Saving + Public Saving (Tax revenue minus Government spending ($400 - $300))
National Saving = $500 million + $ 100 million
National Saving = $600 million
Now we plug the amounts into the identity =
$ 600 million = I + $ 100 million
We rearrange terms
$600 million - $100 million = I
$500 million = I
So, Investment is $500 million
