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3 years ago

Choose two occupations one that pays high wages and one that pays low wages. explain the reasons of the differences

Business

1 answer:

KengaRu [80]3 years ago

4 0

Choose two occupations one that pays high wages and one that pays low wages. explain the reasons of the differences

Two occupations that pay entirely different wage are a lawyer and a housekeeper. One of the major reasons that there is a difference in the pay, is the requirements to obtain the job are vastly different. A lawyer requires years of school, passing standardized tests and more just to be qualified to apply for the position. A housekeeper can gain experience while working on the job without certifications.

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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3

Alenkasestr [34]

Answer:

ending inventory using FIFO = $11,700

ending inventory using LIFO = $7,500

ending inventory using average method = $9,435

Explanation:

date item units price total

Jan. 1 beginning inv. 2,500 $5 $12,500

Feb. 17 purchase 3,300 $6 $19,800

July 21 purchase 3,000 $7 $21,000

Nov. 23 purchase 1,200 $8 $9,600

total 10,000 $62,900

Dec. 31 ending inv. 1,500

ending inventory using FIFO = (1,200 x $8) + (300 x $7) = $11,700

ending inventory using LIFO = 1,500 x $5 = $7,500

ending inventory using average cost = 1,500 x $6.29 = $9,435

5 0

3 years ago

Suppose 17 pesos can be exchanged for $1. A Mexican businessman is interested in buying a home in Texas. If the price of the hom

Anni [7]

Answer:

Total cost in pesos= $3,400,000

Explanation:

Giving the following information:

One dollar= $17 pesos

Total cost of the house= $200,000 dollars

<u>To calculate the total cost in Mexican pesos, we need to multiply the exchange rate by the total cost in dollars.</u>

Total cost in pesos= 200,000*17

Total cost in pesos= $3,400,000

4 0

3 years ago

On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid

andreev551 [17]

Answer:

$570

Explanation:

The computation of the interest deduction is shown below:

= Interest paid × number of months ÷ (total number of months in a year)

= $3,420 × 2 months ÷ 12 months

= $570

The interest which is deducted in year 0 under the cash method of accounting is $570

And, the two months is calculated from the November 1 to December 31

We simply apply the interest paid formula.

4 0

3 years ago

LO 6.3What are the primary differences between traditional and activity-based costing?

gtnhenbr [62]

Answer:

Difference between traditional costing method and activity based costing method is mentioned as follows:-

Traditional costing method is the technique in which products are implemented with indirect cost according to overhead rate whereas activity based costing relatively assign cost to product according to their activity in consumption.

Traditional costing has easy implementation at low cost but activity based costing is costly and complex.

Accuracy of traditional costing is low as compared with activity based costing

7 0

4 years ago

2. Visit the Web site for a different well-known company, and find the section that lists the company's values. Then answer the

Tom [10]

Answer:

Target delivery outstanding value and exceptional guest experience.

Explanation:

Shoppers getting the best deals.

3 0

4 years ago