Answer:
No the given statement is not correct.
Explanation:
Federal Government does not determine the pay structure for any occupation. Each occupation determine its own salary structure. For example, the doctors would determine their own fee that they would charge to the patients, schools will determine their fee that they would charge from students, lawyers determine their own fee, and the examples are countless. Government sometimes only sets the minimum level of wage that must be paid to a worker. For example government can put a base at 10 dollars wage rate that has to be given to the worker working for you. So you must give the worker at least $10, but you can give him $15 or $20, as much as you like and as much as he charges you, but you can't give him less than 10 dollars
Answer: 554 units
Explanation:
The formula to calculate the optimal average number of units in the inventory will be calculated as:
= EOQ/2
EOQ is the economic order quantity and this will be:
= √(2 × Annual demand × Ordering cost / Carrying cost
= √(2 × 202,801 × 9.33)/3.08
= ✓1228658.5
= 1108.5
Therefore, the optimal average number of units in the inventory will be:
= EOQ/2
= 1108.5/2
= 554.25
= 554 units approximately
The country Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are starting to rise throughout the economy. The government of Lilliput should raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.
Answer:
Explanation:
The accounting equation is shown below:
Total assets = Total liabilities + Shareholder's equity
In the given transaction, the office equipment was purchased for $3,000 and it is paid immediately which means the balance of office equipment is increased and the cash balance is decreased.
It gives a positive impact on office equipment under fixed assets and a negative impact on the cash balance under the current assets.
