Answer:
$510,000.00
Explanation:
Since the historical cost principle states that business must account and record most assets at their purchase or acquisition price which means the data put into record on the balance sheet would reflect amount paid for asset.
That is why it is $510000.
I think that’s a extremely awkward way of telling you he thinks you’re cute
Answer:
The answer is A.
Explanation:
If a person's wealth is in cash, price level changes in the economy will definitely affect the his monetary wealth.
Price level changes arise as a result of inflation. Increase in general price level in the economy will reduce the purchasing power of the cash. For example, a good that used to sell for $2, it now goes for $5.
And if there is decrease in general price level, the purchasing power of the cash will increase.
Answer:
The given system of payment is Piece-rate system.
Explanation:
Piece rate system is the one in which employee is paid according to the per creation he does. Worker is paid by each output he produces irrespective oft he time. This output can be that of a clay pot or a piece of writing.
Oliver pays his workers according to the output they produce. If they produce more than 25 watches, he gives them additional money.
This system is beneficial for both workers and employers. Employers may come up with attractive schemes to pay to employees and they motivated to work more.
