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3 years ago

Which of the following statements are examples of labor except:

Business

1 answer:

Dmitry [639]3 years ago

7 0

Answer:

C) a group of church members gather clothes for a clothing drive for the poor in their community.

Explanation:

The stated example is and example of voluntary work, which by most statutes does not count as labor. Although volunteering is technically work, it does not count as labor as volunteers are not paid for what they do. Instead, they do it for an ethical purpose which is not related to getting money. Therefore, volunteers do not coun as the working labor force.

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Your friend currently works as an accountant in a public accounting firm in a small town called stillwater in minnesota. he is o

charle [14.2K]

12,000 is the right one

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3 years ago

If real GDP is $200 billion, full employment GDP is $500 billion, and the marginal propensity to consume is 0.75, then Congress

Anuta_ua [19.1K]

Answer:

The answer is: decrease taxes by $100 billion.

Explanation:

If the real GD is $200 billion, which represents only 40% of full employment GDP, then the government should try to increase consumer spending either by decreasing taxes or increasing government spending, or a combination of both.

In this case, I chose the tax decrease since government have budget limitations and they can only decrease taxes by so much before hitting a deficit. Additionally, when you have a large tax reduction, usually government spending either stays the same or decreases.

If the government decreases taxes by $100 billion, the marginal propensity to consume shall result in a $75 billion increase in consumption. According to the Keynesian Multiplier theory, that $75 billion should generate additional production, creating a virtuous cycle that should increase the real GDP in a larger proportion.

3 0

3 years ago

A local government operates on a calendar-year basis. Prepare journal entries to record the following transactions and events fo

sergeinik [125]

Answer:

Feb. 1 DR Cash $400,000

CR Tax anticipation notes $400,000

Dec 31 DR Expenditures - Interest $3,666.67

CR Accrued Interest Payable $3,666.67

Working

February to December = 11 months

Interest = 400,000 * 1.0% * 11/12 months = $3,666.67

April 1 DR Investments $100,000

CR Cash $100,000

Sept. 30 DR Cash $50,200

CR Investments $50,000

Interest Income $200

Working

Interest Income = 50,000 * 0.8% * 6/12 months

= $200

3 0

2 years ago

The most common method used by burglars to gain forceful entry into safes is

german

trying to pull the safe open seems like a viable answer

7 0

2 years ago

A company allocates overhead at a rate of 160% of direct labor cost. Actual overhead cost for the current period is $1,020,000,

murzikaleks [220]

Answer:

(A) $180,000 (B) A journal entry was prepared for over- or under applied overhead to cost of goods sold.

Explanation:

Solution

Now,

Let us recall from the statement from the example as follows:

A company gives an overhead at =1 60% rate

The actual overhead cost for the present period is =1020,000

Direct cost of labor = $525,000

Then,

(a) For the under applied overhead using T account we have the following:

The direct labor cost overhead = 525,000 * 160% (allocated overhead)

=$ 840,000

Thus

The Under applied overhead becomes,

Under applied overhead =The actual overhead - applied overhead

In other words we deduct the actual overhead for applied overhead

=$1020,000 - $840,000 = $180,000

(B) A Journal entry is carried out for the close over or under applied overhead.

Date Particulars Debit Credit

Cost of goods sold A/c $180,000

Manufacturing overheads $180,000

5 0

3 years ago