Some developments that contributed to the increase in salaried work in Europe were:
- Factory growth
- Devaluation of agricultural and manual work
- Displacement from rural to urban areas
Industrialization in Europe was a process that began in the 18th century with the industrial revolution. This event was promoted by some social, economic and cultural aspects that allowed the overcrowding of the industry such as:
Factory growth: Factory owners increased the supply of products and people increased the demand for which it was necessary to found new factories and hire more salaried labor.
Devaluation of agricultural and manual work: With the development of machines, products produced manually were devalued because it was more profitable to manufacture large quantities of a single product with the help of machines than in the traditional way. This caused many artisans to be employed in the factories.
Displacement: When agricultural work stopped being profitable for many families, they had to emigrate to the big cities and work in industrial factories to survive.
Note: This question is incomplete because the options are missing. However, I can answer it based on my prior knowledge and general knowledge.
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Answer:
$625,000
Explanation:
According to the revenue recognition principle, revenues can only be recognized whenever the service has been performed and not when the cash has been received. Therefore, Zigma Company should report $625,000 for service revenue in the 2019 income statement. $10,400 should not come as revenue because the company did not provide any services or sell any products.
Answer:
ANatalie cashes her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account.
Natalie cashes her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account.
Answer:
8,478.76
Explanation:
This is a time value of money (TVM) question; an ordinary annuity.
Using a financial calculator, input the following to calculate the PV of the annuity;
Recurring quarterly payment = 600
Quarterly interest rate ; I = 6%/4 = 1.5%
Duration of annuity = 4*4 = 16
One time future cashflow; FV = 0
then compute a PV = $8478.76
Therefore, she must invest $8,478.76 today to meet the annuity payments
Answer:
The journal entry is made as follows;
Explanation:
Net Income $195,000
Salary of farmer ($80,000)
Net distributive income $115,000
Per partner share $115,000/2=$57,500
Income Summary Dr.$115,000
Farmer Capital Cr.$57,500
Taylor Capital Cr.$57,500