This type of compensation system is called job-based pay.
This model of compensation determines <u>how much the employee would get paid according to the tasks that the employee has to do</u>. Pay raise in this type of compensation model would be determined by work tenure.
An alternative to this model is called <em>knowledge-based compensation</em> or <em>person-based pay.</em> In this approach, the individual receives compensation based on the skills and knowledge that person has to do the job. Thus, the more competent you are in the type of tasks you need to do, the higher the pay you will receive.
Answer:
No. Account Titles & Explanation Debit Credit
1.
Cash $38,000
Barry Capital Account $38,000
2.
No Entry Requires as Employee are only Hired there id no financial transaction involved in hiring the employees only.
3.
Prepaid Rent $10,800
Cash $10,800
4.
Wages Expense $500
Cash $500
5.
Cash $2,900
Revenue $2,900
Explanation:
1. Cash paid is the capital contribution in the business so cash account will be debited and capital account will be credit as per their nature.
2. Hired an employee does not need any transaction as there is no financial involvement in just hiring an employee.
3. Prepaid expense is actually an asset for us as we paid expenses in advance which is not incurred yet. It will be recognized as expense with passage of time.
4. Payment to worker is an expenses against a credit to cash as wage is paid in cash.
5. Revenue earned should be recorded and also received so cash will be debited for the receipt from sales and revenue shold be debited due to its nature of account.
Answer:
Unsubsidized Loans
Explanation:
The kind of loan required the person in order to make the loan payments when attending the school is the Unsubsidized Loans, which is also known as the Unsubsidized Stafford Loans, it is that kind of loan which is for the federal student and borrowed by the Direct Loans program which offer graduate, professional and undergraduate students a fixed , low interest rate and also the flexible repayment terms.
Answer:
A. doesn't lose any sales when it raises its price
Explanation:
- As monopoly is ruled by one set of prices and they are price makers thus even f the prices rise the price will be set above the marginal cost to maximize the profits. Thus a monopoly does not lose its market share as it acts as a single dominating factor in the supply and trade of the goods and services. And it stipulates the financial dealing through a single seller.
Answer:
b). 72.458 %
a). 24, 213
Explanation:
1). The second option i.e. 72.458% correctly measures the variance percentage brought in the dependent variable(regressed the quantity demanded) by manipulating the independent variable(price elasticity). The first option is wrong as it shows R multiple which is rather the coefficient. The third and the last options are incorrect as they display the intercept employed to determine the quantity and the key error of calculating the standard deviation.
2). The predicted quantity demanded would be 24,213 if the price is fixed at $7.00.
It can be calculated using the formula;
Quantity demanded = Intercept + (Adjusted R squared * Price coefficient)
∵ Quantity Demanded = 56,400.50 + (7 X -4,598.2)
= 24,213
