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3 years ago

How is it that people working in their own self-interest produce goods, services, and wealth for others?

Business

1 answer:

Brums [2.3K]3 years ago

8 0

Answer:

Explanation:

In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.

The way people can become wealthy by their own efforts is to sell what they produce to others. As the business grows, labor is hired to produce more. This is the 'invisible hand' concept that turns self-directed gain into social and economic benefits for all.

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Federal, state, and local buying units account for the greatest volume of purchases of any customer category in the united state

VLD [36.1K]

A is the answer to this question. Hope this helps!

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3 years ago

Lauren Clark works for a pottery shop. She works 40-hour weeks (5 days) and gets paid $25 per hour. If she exceeds her normal 40

lakkis [162]

Answer:

<u>Explanation:</u>

Remember, direct labor refers to the actual time spent on working such as using machinery, performing tasks that leads to the production of products or services. Indirect labor involves time activites that do not involve any production of products or services.

First, direct pay:

38 hours of work x $25 = $950

Indirect pay;

8 hours from the 46 hours she was paid (8 x $25) = $200
For 4 days she had 1.5 hours of overtime per day (4 x 1.5 x 37.5) = $225.

Total = <u>$425</u>

Note: by saying if she exceeds her normal 40 hours, she gets paid time and a half implies 1.5 * $25 ($37.5)

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3 years ago

Seasons Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion

Alekssandra [29.7K]

Answer:

Explanation:

total contract price is $ 18,600,000

season construction using percentage of completion method.

Amount of revenue & construction expense for the year ended december 31, 2020 will be

25% of $ 18,600,000 revenue = $ 4,650,000

25% of $ 18,750,000 total cost = $5,250,000

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4 years ago

Which of the following employees is most at risk of repetitive strain injury?

devlian [24]

Answer:

A. A shipping employee who performs the same lifting motion over and over.

Explanation:

6 0

3 years ago

Read 2 more answers

marguerite is an active participant in an employer-sponsored retirement plan, but her husband, frank, is not. their combined adj

kompoz [17]

The correct statement regarding the deductibility of the IRA contributions by Marguerite and Frank is D) Both Frank and Marguerite may deduct their IRA contributions.

<h3>What are IRA deductible contributions?</h3>

If you are an active participant in an employer-sponsored retirement (and your spouse is not covered by an employer retirement plan), the traditional IRA contributions are tax-deductible up to a maximum of <u>$6,000</u>.

If both joint filers are not covered by the employer retirement plan, their traditional IRA contributions are fully tax-deductible.

Adjusted Gross Income for 2022 = $230,000

IRA contribution = $6,000 each

Total IRA contributions = $12,000

Thus, the correct statement regarding the deductibility of the IRA contributions by Marguerite and Frank is <u>Option D</u>. Both may deduct their IRA contributions.

Learn more about IRA deductible contributions at brainly.com/question/9969005

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<h3>Question Completion with Answer Options:</h3>

A) Marguerite and Frank should open a Roth IRA instead.

B) Frank may deduct his IRA contribution, but Marguerite may not deduct hers.

C) Neither Marguerite nor Frank may deduct an IRA contribution.

D) Both Frank and Marguerite may deduct their IRA contributions.

5 0

2 years ago