All categories

2 years ago

What is an economic system

2 answers:

6 0

An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area

PtichkaEL [24]2 years ago

5 0

An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.

You might be interested in

When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and _____?

charle [14.2K]

When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability

3 0

2 years ago

Athena Company provides employee health insurance that costs $15,100 per month. In addition, the company contributes an amount e

weqwewe [10]

Answer:

Debit to Employee Benefits Expense $21,140

Explanation:

Preparation of Athena Company entry to record the accrued benefits for the month

Using this formula

Accrued Expenses = Gross salary ×Percentage of the amount contributed+ Insurance cost

Let plug in the formula

Accrued Expenses= $151,000 × 0.04

= $6,040 + $15,100

= $21,140

Debit to Employee Benefits Expense $21,140.

Therefore the entry to record the accrued benefits for the month would include a: Debit to Employee Benefits Expense $21,140.

5 0

3 years ago

Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not

Butoxors [25]

Esmeralda's promise is not enforceable because society does not want gifts cheapened by making them legally enforceable because society does not want gifts cheapened by making them legally enforceable.

A legally enforceable contract means that you can keep the promise of the other party. If the other party fails or refuses to meet its obligations, the contract can be fulfilled in accordance with the law.

A non-enforceable contract or transaction is valid but not enforced by the court. Unenforceable is typically used in conflict with void (or void ab initio) and voidable. If the parties implement the agreement, it is valid, otherwise, the court will not enforce them.

Learn more about legally enforceable here:brainly.com/question/7306383

#SPJ1

8 0

1 year ago

Hardigree Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.3 hours per u

djyliett [7]

Answer:

4,140 U

Explanation:

According to the scenario, calculation of the given data are as follows,

Actual Hours = 2,820 hours

Standard rate = $23 per hour

Standard direct labor hour = 0.3 hours

We can calculate labor efficiency variance by using following formula,

Labor Efficiency Variance = Actual hours standard cost - Standard cost

Where, Actual hours standard Cost = Actual hours × Standard rate

= 2,820 × 23

= 64,860

Standard Cost (8,800 units) = Standard hours (8,800 units) × Standard rate

= (8,800 × 0.3) × 23

= 60,720

Hence, by putting the value in the formula, we get

Labor Efficiency Variance = 64,860 - 60,720

= 4,140 U

8 0

2 years ago

Select the items the describe possible problems with being unemployed and not earning income.

Leya [2.2K]

The answers are.:

3 0

2 years ago