Answer:
c. wages may stay at above-equilibrium levels for an extended period of time, thus keeping unemployment high.
Explanation:
Sticky wage theory -
According to this theory , the payment of the employees have a slow response for the change in the performance of the company or the economy .
From this theory , as the unemployment increases , the wages of the employed candidates tends to remain same or increases very slowly due to to decrease in the demand of the labor .
In this case , the wages are sticky - down , as they move up easily but get down with difficulty .
Answer:
The correct answer is B: $5,600
Explanation:
Giving the following information:
Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.
Double-declining balance method= Netbook value* (2/useful life in years)
Year 1:
Double-declining balance method= (40000-5000)*(2/10)= $7000
Year 2:
Double-declining balance method= (35000-7000)*0.20= $5,600
Answer:
income summary 550 debit
retained earnings 550 credit
--to close income sumary against RE--
Explanation:
To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.
Income Summary
<u> Debit Credit </u>
2,450
<u> 3,000 </u>
Balance 550
We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.
Answer:
The correct answer is: Goblal Outsourcing
Explanation:
Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's employees and staff.
Outsourcing can help businesses reduce labor costs significantly. The outside organizations typically set up different compensation structures with their employees than the outsourcing company, enabling them to complete the work for less money. In addition to cost savings, companies can employ an outsourcing strategy to better focus on the core aspects of the business.
Outsourcing can increase economic efficiency. When highly skilled people can outsource lower-value tasks and spend more time at high-value tasks, businesses tend to benefit.
It is crucial to maintain open and constant communication with the outside company. Control is key to success, so the quality of the product does not diminish.
When outsourcing to a foreign country, it is called international outsourcing or global outsourcing.
