Answer:
Debt Salaries payable is $8800
Credit Salaries expense is $8800
Explanation:
given data
earn unpaid and unrecorded salaries = $8,800
paid = $22,000
to find out
journal entry to reverse the effect
solution
here journal entry to reverse the effect January 1 journal entry to reverse the effect of the December 31 salary expense accrual is as
particular debt credit
Salaries payable $8800
Salaries expense $8800
as here unpaid salaries of December is paid in January
The people that is part of the labor force is option D: an auto mechanic
The best example of frictional unemployment is option D: a company moving to another state, leaving its workforce without jobs
The ways that the economy is affected when the unemployment rate goes up are option B and C:
- Sales tax rates go down.
- Less money is spent on investments.
The most likely result of incomes not rising as quickly as inflation is option B: The unemployment rate rises as more people look for jobs.
The way the standard of living in the United States generally changed over the past 100 years is option B: It has gotten much better.
<h3>What do the terms "labor force" and "work force" mean?</h3>
The labor force is the whole population that is actively seeking employment. It is measured in terms of the number of days and is independent of wage rates. The workforce is the total number of people who are really employed.
Short-term unemployment includes frictional unemployment. When someone actively seeks a job or a new career, they are said to be in a frictional state of unemployment. Unemployment that is only intermittent isn't always a terrible thing. In fact, since it's voluntary, frictional unemployment may be a sign of a strong economy.
Hence, the term "workforce" or "labor force" refers to the group of people who are either employed or unemployed and an auto mechanic is a good example of it.
Learn more about labor force from
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Answer:
Net income will be $352,500 more if the company continues with Luxury watches only.
Explanation:
Since the company discontinues Sporty watches operation, the company's variable cost is decreasing. However, the fixed expenses remain same as the company will use the space for producing Luxury watches. The effect of operating income will be as follows:
Westfall Watch
Income Statement (Contribution Margin approach)
Particulars $
Sales Revenue [$400,000+(400,000 x 250%)] 1,400,000
Less: Variable expenses
[$255,000 + ($255,000 x 250%)] (892,500)
Contribution Margin 507,500
Less: Fixed Cost (80,000)
Net Income 427,500
Therefore, the net income will be $427,500 which is $(427,500 - 75,000) = $352,500 more.
<u>Answer:</u>
Laborers must feel good in the spaces they work in. Inability to give satisfactory working conditions makes pressure and lack of concern, which thus will <em>influence profitability and conduct.</em>
<u>Explanation:</u>
A sound working environment condition is perfect with regards to keeping up a positive result in a distressing climate.
A sound working environment condition improves efficiency and decreases costs identified with <em>non-appearance, turnover, laborers' remuneration, and restorative cases.</em>
The correct answer is management control.
It is one of the three types of the nature of decisions, along with operational control (executing tasks), and strategic planning (long range goals and policies). Management control has to do with allocating resources appropriately so that goals can be met in the future.
