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3 years ago

What is gross wages?

1 answer:

7 0

<span>When a person is hired or employed by the employer, the employer agrees to pay the employee a certain sum of money as his remuneration for his work. This sum includes the basic pay and other perks and allowances. The total amount an employee is entitled to receive is the gross pay. There will generally be a number of deductions like tax and insurance from the gross pay. What remains after the deductions is the net pay which the employee gets in his hands.</span>

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According to the classical dichotomy, when the money supply doubles, which of the following also doubles?

masha68 [24]

Answer: Option (C) is correct.

Explanation:

Correct option: The price level and nominal wages.

According to the classical dichotomy, nominal variables moves proportionately with the quantity of money whereas real variables remains unchanged.

A classical model that is based on the flexibility of prices and wages, conclude that any changes in money supply only affects the nominal variables whereas real variables remains constant. This theory results in the independence of the real variables from any changes in the money supply and nominal variables.

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3 years ago

A picking ticket is affixed to the inventory package sent to the customer and identifies the customer and the contents of the pa

Nady [450]

True ...
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3 years ago

When solar panels became popular in the market, Dabbanth, a company that manufactures and sells kitchenware, developed container

PtichkaEL [24]

Answer: Technological component.

Explanation:

In the question, Solar panels are widely accepted by the consumers in the market, therefore it is an important technological component, that influences buyers behavior.

Dabbanth company is aware of the wide customers acceptance of the solar panels, therefore they incorporate it into most of the kitchenwares they produce to draw buyers attention to their product.

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3 years ago

Uncollectible accounts are determined by the percent-of-sales method to be 22% of credit sales. How much is uncollectible-acc

dybincka [34]

Answer:

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

Explanation:

Uncollectible accounts are determined by the percent-of-sales method to be 22% of credit sales. How much is uncollectible-account expense for 2014?

Uncollectible Accounst will simply be 22% multiplied by the credit sales figure for the year.

Accounts Receivable.....26,000

Allowance for collectible account...1,500

Credit sales for 2014 ...$94,000

Cash Sales for 2014.....28,000

Collection from customers on account...100,000

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

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3 years ago

Handcrafts & Hobbies Store agrees to hire Iliana for one year at a salary of $600 per week. When Handcrafts & Hobbies ca

natta225 [31]

Answer:

The difference between the wages at the two jobs plus 150.00.

Explanation:

There was a contract of one year and as per Severance pay h and H has to pay this amount.

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3 years ago