Answer: Because they are hard and you definitely need something to show them that you know what you are doing especially in finance bc you are managing people’s money and could go to jail if you don't know the codes and laws and you could really hurt someone financially
Explanation:
Answer:
Net income in cash = -$17,000
Net income of accounting= $ 198,000
Explanation:
$123,000 service provided for cash
-$140,000 Expenses paid in Cash
= -$17,000 Net income in cash
$240,000 Services provided on account
-$42,000 Expenses on account
=$198.000 Net Income of accounting
Answer: A country where minimum wage is set at 1% of median wage.
Explanation:
The minimum wage is the lowest income that employers can pay their employees.
The median wage is the midpoint of wages earned by workers in the society. Workers who earn median wage implies that half of the workers in the economy earn more than them and the remaining half less than them.
From the portions given, unemployment will mostly occur in a country where minimum wage is set at 1% of the median age. For example let's assume the median age is $10 per hour in the United States. This implies that minimum wage will be $0.1. Nobody will really want to work for an amount which is so low which in turn, leads to great unemployment.
Answer:
Comparative advantage.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation." Also, the principle of comparative advantage states that, nations (countries) can become better off than their contemporaries through the process of specializing in what they know how to produce or do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).
In general, individuals and nations should specialize in producing those goods for which they have a comparative advantage.
Answer:
Option B
Explanation:
In simple words, The given case is related to the conclusion made by the court in the famous case of Vokes versus Arthur MurrayLinks, in which the jury in the court rules that, a determination of a party carrying better information about a subject matter may be treated as a matter of fact even though it would be treated as an opinion if the parties were speaking for deal on equal conditions.
