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3 years ago

Which factor that affects income is within a worker's control?

Business

1 answer:

Paul [167]3 years ago

7 0

Answer: Education.

Explanation: Economic downturn, politics and technology change are factors that affect income that is not within a workers control. The workers can’t single handedly control economic downturn , politics of the nation is another factor that is not within the jurisdiction of the workers which can affect the income, lastly technological change is completely out of the workers control, they have no power over it.

However, Education is the only only factor that can affect workers income that is within the workers control, in a nutshell , a worker willing to get improvement in his or her income is expected to seek more knowledge (education) to improve his skills and he can command more income as a result.

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e Arlington Motor Pool Internal Service Fund had the following transactions and events during January 2018. Using the "Additiona

Akimi4 [234]

Answer:

Journal Entries

1) Debit Salaries Expense $6,667 Credit Bank $6,667

2) Debit Fuel and Maintenance expense $600, Credit Bank $600

3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount

4) Debit Insurance Expense $amount Credit Bank $amount

5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount

6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount

Explanation:

The Question is incomplete but i will do the typical journal entries to the transactions without figures.

1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667

4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.

4 0

3 years ago

2. List and explain the components of the money supply

meriva

Answer:

Currency such as notes and coins with the people.

Demand deposits with the banks such as savings and current account.

Time deposit with the bank such as Fixed deposit and recurring deposit.

4 0

3 years ago

20 points A trading business will use the________ account to track its inflow of goods.

d1i1m1o1n [39]

The current account is used to mark the inflow and outflow of goods and services

5 0

3 years ago

Read 2 more answers

The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of

Bas_tet [7]

Answer:

1. Cash balance according to bank statement $370,000

Cash balance according to company’s records $370,000

2. a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

3. $370,000

Explanation:

1. Preparation of a bank reconciliation

AMERICAN MEDICAL COMPANY

Bank Reconciliation

April 30

Cash balance according to bank statement $388,600

Add: Deposit of April 30, Not recorded by bank $42,500

Add: Bank Error in Charging check as $420 instead of $240 [$420 - $240] $180

Deduct: Outstanding Checks $61,280

Adjusted balance $370,000

Cash balance according to company’s records $334,985

Add: Note and Interest Collected by bank $42,000

Deduct: Error in Recording Check [$7,600 - $760] $6,840

Deduct: Bank Service Charges $145

Adjusted balance $370,000

2. Preparation of Journal entries.

Journal entries

a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co [$7,600 - $760] $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

($6,840+$145)

3. Based on the information given If a balance sheet is prepared for American Medical Co. on April 30, the amount that should be reported as cash will be $370,000

8 0

3 years ago

Automakers began rewarding dealers with financial incentives long before dealership customers started getting them, too. Recipie

frozen [14]

Answer:

Spiff

Explanation:

Spiff: It is an financial incentive paid by manufacturer or employer to the salesperson for directly selling it´s product., sometime it is paid on achieving sales target by salesperson. It encourage seller to make more sales. Spiff stand for Sales performance Incentive Fund and it is paid quicker than commission.

In the given case, Automaker is paying spiff to dealers to encourage sales of it´s own brand over a competitor's product sold at the same store.

8 0

3 years ago