Answer:
d. gives the total actual overhead costs at a given point in time.
Explanation:
The overhead control all those expenses which are not directly related to the product. It is indirectly related i.e indirect material, indirect labor, etc
The debit balance in overhead control account shows the actual amount of the overhead cost for the given period of time.
The debit side of the overhead is equal to the actual overhead cost.
Answer:
The elasticity of labor is elastic (low elastic).
Explanation:
The given situation or condition, the rise in minimum wage will lead to decrease the employment for the person who earns lower than new minimum wage shows that the labor demand is elastic or elasticity for the labor is low because the increase in the minimum wage lead discourages to the producer to hire unskilled labor. Therefore, employment will decrease with an increase in the minimum wage.
The answer to the following question is d services
Answer: The nation must have a mechanism capable of attracting savings and channeling them into wealth-creating projects. Option C.
Explanation: With higher savings in an economy, a country can be involved in financing higher levels of investment that will boost productivity over the longer term.
Starving the economy of savings and investments can lead to future bottlenecks and shortages.
The Harrod-Domar model of economic growth suggests that, the level of savings is a key factor in determining economic growth rates.
What this basically means is that the level of investment in an economy is limited to the level of savings in that economy.
Therefore a country must strive to attract higher savings in order to create projects that will, in return, create wealth for the country.
Answer:
Please find the detailed answer as follows:
Explanation:
a) The cost of obtaining an MBA degree for someone who is employed in a business position normally is a deductible education expense. But if the reason for taking course is to qualify her for a new trade or business then the expense will not be deductible or disallowed.
Reasons Deductible or Nondeductible
- It is to maintain or improve existing skills required in her present job. Deductible
- It is to meet the minimum educational standards for qualification in her existing job. Deductible
- It is to qualify her for a new trade or business. Nondeductible
.
- It is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status. Deductible.
b) $4,000 will be allowed as deduction for qualified tuition under § 222. Except for this amount of tuition portion, Jamie must itemize to claim the deduction and it will also be subject to the 2% of AGI limitation.