Answer:
deferred revenue
Explanation:
Deferred revenue refers to payments received in advance for services which have not yet been performed or goods which have not yet been delivered.
Answer:
Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.
Wage Labor Demanded Labor Supplied
$12.50 375,000 625,000
This will result in a surplus of labor (625,000 higher than 375,000)
Which of the following statements are true?
- Binding minimum wages cause structural unemployment. As with all price floors, a deadweight loss results, because the quantity supplied is much greater than the quantity demanded. In this case, the price of labor is the wage, and the deadweight loss = structural unemployment
-
In the absence of price controls, a surplus puts downward pressure on wages until they fall to the equilibrium.
Since a labor surplus exists, the price of labor should start to decrease in order to match the equilibrium price.
-
If the minimum wage is set at $12.50, the market will not reach equilibrium. The quantity supplied of labor is much greater than the quantity demanded for labor resulting in a surplus.
Answer:
c. Debit to Cash and a credit to Merchandise Inventory
Explanation:
When a buyer returns goods these are return outwards,
The correct entries to record them would be to debit cash as goods have been returned and credit the merchandise purchased so,
Debit cash account with the amount of goods returned
Credit Merchandise inventory with the amount of goods returned.
Hope that helps.
Answer:
A. Raphael spend $800
B.$800
C.VALUE ADDED
Explanation:
A. The amount of $800 is the amount that would be included in the expenditure method reason been that Rapheal used the amount of $800 to pay for a new high-definition television (HDTV) as well as its installation
B. The total contribution to GDP which is measured by the expenditure method, is the amount of $800 calculated as :
The Stages of Production; The Sale Value - The Cost of Intermediate Goods = VALUE ADDED
The Home Station $50 - $0 = $50
Firedog $650 -$50 =$600
Better Buy $800- $650=$150
TOTAL $800
($50+$600+$150)
C.The contribution to GDP that you found using the expenditure approach corresponds to the sum of the VALUE ADDED at each stage of production
Answer:
C. Take corrective action.
Explanation:
According to the information given to us in the question, we can say that Jimmy's supervisor is taking corrective action when he gives Jimmy suggestions to improve his efficiency. We can determine this because Jimmy has been lacking in productivity and by giving him pointers on how to improve his productivity Jimmy's manager is taking action towards solving a problem.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
