Answer: C
Explanation:
Wealth is the gradual gathering of profits, assets or income over a period of time. It is the gradual increase in ones assets over a sustained period.
Wealth creating transactions can be found both in contract enforcement and private property rights. The prosperity and economic development of a country can be attributed to the respect accorded to its citizens property rights.
Property rights gives room for entrepreneurship which can eventually lead to wealth accumulation. Contract enforcement also generate wealth for individuals.
Renting is is leasing the home monthly for a certain amount & buying is paying in full with mortgage to own the home
Because a lower interest rate means a lower cost of borrowing money. However policies cannot be applied to today's world, because policies never considered how to increase investment spending when there is so much debt on the consumer side and government side.
Answer:
See below
Explanation:
Ethtridge manufacturing company
Statement of cost of goods manufactured for the month ended, July 31
Work in process July 1
$316,400
Add: Cost of direct materials used in production
$1,150,000
Direct labor
$966,000
Total factory overhead
$490,500
Total manufacturing cost incurred
$2,606,500
Total manufacturing costs
$2,922,900
Less: Work in process July 31
($355,500)
Cost of goods manufactured
$2,567,400
