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Arturiano [62]
2 years ago
13

A surplus of labor is synonymous with which of the following?

Business
1 answer:
gregori [183]2 years ago
7 0
The correct answer is letter B. Unemployment is synonymous with surplus of labor. This concept was used by Karl Marx when he critiqued political economy. Surplus of labor is ;abor that is performed in excess of the labor necessary. That purpose the purpose of producing the means of livelihood of the worker.

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Depreciation on the company’s wind turbine equipment for the year is $6,200. The Prepaid Insurance account for the solar panels
GrogVix [38]

Answer & Explanation:

depreciation expense                  6,200  debit

  accumulated depreciation wind turbine   6,200 credit

to record depreciation expense

insurance expense       2,000 debit

        prepaid insurance                      2,000 credit

to record expired insurance

unearned revenue 2,200 debit

                service revenue    2,200 credit

to record service paid in advance

wages expense 2,400 debit

   wages payable     2,400 credit

to record accrued wages for the period

interest receivable 520 debit

    interest revenue          520 credit

to record interest earned for the period.

8 0
3 years ago
Borasco Corp. owns land with a fair market value of $200,000. Borasco purchased the land 10 years ago for $65,000 and owes a lia
sleet_krkn [62]

Answer:

$65,000

Explanation:

Borasco was the person who purchased the land for $65,000 in which the land was later transferred to Alvo. Therefore no gain or loss is been recognized in this liquidation because it subsidiary is been liquidated by the parent which is why the basis of land is said to be carryover basis of $65,000 at the end of the transaction.

5 0
3 years ago
Which of the following describes the expected outcome of expansionary monetary policy in the short run?
Vaselesa [24]

Answer:

The correct answer is letter "A": higher employment, higher output, and a higher price level.

Explanation:

Expansionary policy is a macroeconomic concept that focuses on expanding the economy to counteract cyclical downturns. Expansionary policies can be used through monetary policy to expand the money supply or to increase government expending and tax cuts to stimulate the economy. Under this scenario, interest rates are lower and aggregate demand increases. In that case, employment, output, and price level will be higher. Though, the latter is dangerous since it could lead to high inflation.

7 0
3 years ago
Raven Company has a target of earning $71,200 pre-tax income. The contribution margin ratio is 16%. What amount of dollar sales
Jlenok [28]

Answer:

$685,000  

Explanation:

First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:

contribution margin ratio=contibution margin/sales revenue

contribution margin ratio=16%

contribution margin required=pretax income+fixed costs

contribution margin required=$71,200+$38,400=$109,600  

16%=$109,600/sales revenue

16%*sales revenue=$109,600

sales revenue=$109,600/16%

sales revenue=$685,000  

6 0
2 years ago
What is salary system?
Murljashka [212]

Answer:

Salary systems – also referred to as compensation plans or pay structure – are a collection of steps, policies and practices employers use to pay employees for their work. Salary systems consist of more than producing a weekly, biweekly or bimonthly paycheck.

Explanation:

4 0
2 years ago
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