Answer:
The question requires the answering party to pick all that apply as found in the attached.
A. The initial payment will be recorded as an increase to a Prepaid Insurance account.
B. Over time, the expired portion of the policy must be removed from the asset account as it has been used up and is no longer considered an asset.
C. As a portion of the policy expires, the expired portion will be removed and transferred to an expense account.
Explanation:
The initial payment will be recorded as increase to an asset account,prepaid insurance is a correct statement,pending when the insurance cost is cost,
Subsequently,the expired the portion of the prepayment would be removed from the account,hence point B is also correct.
Finally,when the expired portion is removed from prepaid insurance account,it is transferred to insurance expense account,point C is also on point.
Answer:
- Difference in scientific judgements
- A. Employers should not be restricted from outsourcing work to foreign nations.
Explanation:
The difference in opinion between these two is based on a difference between in scientific judgments because they believe that different things will happen in response to implementing a different form of taxes.
Regardless of what they think in the above regard, these economists are most likely to support the outsourcing of work if it is cheaper to do so because economists generally believe that the most efficient method of production should be undertaken.
Answer:
<u>D. $950; 425</u>
<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
<u>$950</u>
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)
Answer:
population shift
Explanation:
immigration, population growth: As the population grows or shrinks, the labor supply will tend to shift to the right or to the left. In a competitive labor market, the wage has two properties:
1. It adjusts to make supply and demand for labor equal.
2. It equals the value of the marginal product of labor.
It’s A because direct labor costs
