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3 years ago

True or False: Wages in the auto manufacturing industry would be greater than those in the aircraft manufacturing industry.

Business

1 answer:

miss Akunina [59]3 years ago

3 0

Answer:

The statement is: False.

Explanation:

Wages in one industry or another will depend on the labor demand and the specialization required for the job. Auto manufacturing technician job positions are demanded in higher quantities than aircraft manufacturing mechanics. The reason is that aircraft traffic is not even close to the automobile traffic level. Thus, <em>as more auto technicians are requested, their wages tend to be lower</em>. Besides, <em>as fewer aircraft technicians are requested, their wages tend to be higher</em>.

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g The "monetary base" is simply: a. the total of all currency in circulation, outside banks b. the total vault cash held among a

Zanzabum

Answer:

e. the total of currency in circulation, plus depository institution reserves and vault cash

Explanation:

Monetary base is a concept in money supply that measures highly liquid assets in an economy.

It includes all cash that is in circulation in the economy and those deposits that are held as reserves by the central bank from commercial banks. Cash in bank vaults are also included because they are readily available to the economy.

For example if there is $200 million in circulation and there is $13 billion in the central bank as reserves from commercial banks, the total monetary base is $13.2 billion

6 0

3 years ago

Morrow Inc. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has

Black_prince [1.1K]

Answer:

$9,400

Explanation:

The computation of ending balance in the Allowance for Doubtful Accounts account is shown below:-

The ending balance in the Allowance for Doubtful Accounts account = Net credit sales × Bad debt losses + Unadjusted credit balance

= $190,000 × 3% + $3,700

= $5,700 +$3,700

= $9,400

Therefore for computing the ending balance in the Allowance for Doubtful Accounts account we simply applied the above formula.

7 0

3 years ago

Esquire Company needs to acquire a molding machine to be used in its manufacturing process. Two types of machines that would be

In-s [12.5K]

Answer: Machine B because it has the lower Present Value

Explanation:

<h2>Machine A</h2>

= Present Value of income - Present Value of Costs

Present value of Income;

Sold for $5,000 after 10 years.

= 5,000/ (1 + 8%)^10

= $2,315.97

Present Value of Costs;

Purchased for $48,000.

Maintenance of $1,000 per year for years.

Present value of maintenance= 1,000 * Present value factor of annuity, 10 years, 8%

= 1,000 * 6.7101

= $6,710.10

Machine A Present Value

= 2,315.97 - 6,710.10 - 48,000

= ‭-$52,394

<h2>Machine B</h2>

No salvage value.

Present Value of costs

Purchased for $40,000.

Present value of maintenance = (4,000 / (1 + 8%)^3) + (5,000 / ( 1 + 8)^6) + (6,000 / ( 1 + 8%)^8)

= -$9,567.79

Present Value = -40,000 - 9,567.79

= -$49,568

5 0

3 years ago

During 2018, Jerry is a self-employed therapist, and his net earned income is $187,600 from his practice. Jerry's SEP Plan, a de

DerKrebs [107]

Answer:

$55,000

Explanation:

A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees

As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.

We can then calculate as follow:

1. Jerry's contribution calculation = 25% × $187,600 = 46,900.

2. Maximum allowable = $55,000.

Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.

3 0

3 years ago

The following transactions apply to Ozark Sales for 2018: The business was started when the company received $49,500 from the is

Oksana_A [137]

Answer: a. Dr Interest expense $341.67

Cr Accrued Interest Liability $341.67.

b. Total Amount of Current Liabilities = $72741.67

Explanation:

Accrued Interest on notes Payable

The Note was issued on 1 September 2018, note Payable is $20500 interest interest will be incurred from the Month of September to February because the Note will be settled on 1 March 2019, How ever The year ended on the 31st of December (current financial period) which means Ozark Sales Company incurred interest for 4 months in the current year (1 September to 31 December 2018).

Interest Calculation

Note Payable Amount = $20500

Interest rate (R) = 5% per annum

Period (Number of months) = 4 months (September to December 2018)

Accrued Interest expense = $20500 x 5/100 x 4/12

Accrued Interest expense = $341.6666667 = $341.67

Journal Entry

Dr Interest expense $341.67

Cr Accrued Interest Liability $341.67.

Current Liabilities

Ozark Sales current liabilities include Purchased equipment inventory, Accrued Interest expense incurred on the Notes Payable and the Notes Payable amount. Ozark Sales Made a Payment of $125100, this payment was made to settle some of the total current liabilities.

The total Current Liabilities (The Balance) on 31 December 2018 will include all transactions mentioned about and the payment of $125100 will be subtracted. The Balance will the amount that will be reflected in the Balance sheet for Current Assets

Purchased Equipment inventory = $177 000

Notes Payable = $20500

Accrued Interest Liability = $ 341.67

Accounts Payable Payment = $125100

Total Amount of Current Liabilities = $177 000 + $20500 + $341.67 - $125100

Total Amount of Current Liabilities = $72741.67

7 0

3 years ago