Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.
Explanation:
Answer:
a) I used an excel spreadsheet since there is not enough room here.
b) $69,000
c) $14,500
d) $14,000
f) $57,800
g) $59,500
Answer: The correct option therefore is > upward sloping
Explanation:
When resources are limited in quantity, the cost of production would increase. Hence, in the long run, the supply curve will be upward sloping.
Answer:
D. Date Accounts and Explanation Debit Credit Interest Expense 21,385 Discount on Bonds Payable 235 Cash 21,150
Explanation:
The journal entry is shown below:
Interest expense $21,385
To Discount on bond payable $235
To Cash $21,150
(Being the interest expense is recorded)
The computation is given below:
The interest expense is
= $470,000 ÷ 100 × 91 × 10% ÷ 12 months × 6 months
= $21,385
The cash is
= $470,000 × 9% ÷ 12 months × 6 months
= $21,150
And, the remaining balance is credited to discount on note payable
We simply debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining amount is credited to discount on bond payable
Answer:
Option (C) is correct.
Explanation:
Productivity of labor refers to the term which is used by the firms for knowing the efficiency of the labor employed into the production of the output.
Productivity is determined by dividing the output of the firm by the inputs used in the production of the goods and services.
Productivity = (Output ÷ Input)
If the productivity of the labor is not achieved as per the company requirement then there is a fall in the labor employment.
