Answer:
It helps giving you the ability to choose what you think is best for your business
Explanation:
Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).
What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.
Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?
That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.
Companies may try to lower their labor costs by laying off higher paid workers.
Typically the higher paid workers will be professionals who have worked their way up over time and tend to be older, while younger workers fresh out of school and looking for their first jobs will be more willing to take lower salaries.
Answer:
Date General Journal Debit Credit
Cash $15,400
Accumulated Depreciation $39,600
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $15,400 cash)
Cash $16,500
Accumulated Depreciation $39,600
Gain on sale $1,100
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $16,500 cash)
Cash $12,700
Accumulated Depreciation $39,600
Loss on sale $2,700
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $12,700 cash)
Answer:
The journal entry to record the contract on November 1, 2018 includes: credit to Accounts Receivable for $162000
Explanation:
Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. On November 1, 2018, Cullumber Farm had to pay $162,000 in advance to John Deere. John Deere recorded the cash receiving by the entry:
Debit Cash $162,000
Credit Accounts Receivable $162,000
The company did not record revenue because they did not sell the harvester. This was only the advance payment.
Answer:
<em>B: Machineries </em>
Lighting is not running,there seems to be an issue with the mechanical equipment and the chairs are too tight so there's no leg room.
<em>C: Methods </em>
The lack of adequate preparation and methods or processes results in delay of flight and also poor communication is the problem due to the lack of optimized or structured process.
<em>D: Man Power </em>
Scarcity is the reason why not enough ticket agents to issue tickets and manage the queue and also not enough traffic police to regulate and track the process.
