According to the quote by Alice Rivlin, if you have a rudimentary working knowledge of economic concepts, you will be, Division of labor is a characteristic.
Division of labour, is the separation of a work manner into some of the duties, with each mission accomplished with the aid of a separate character or institution of humans. Its miles are most often carried out to systems of mass production and is one of the fundamental organizing standards of the assembly line.
A totally basic instance of a division of labor can be seen in food gathering. In early societies, guys would be the hunters, and girls and kids might put together the food and acquire berries. The concept changed in that it became a very simple department of labor to enable the quality use of different skill units.
The division of exertions will increase production and makes it greener by means of dividing the separate duties of creating an item among different people and thereby simplifying the job anybody should perform.
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Answer:
Explanation:
Principal Payment $160
Her Employee help to add $80
Total principal is (160+80)= $240
At a rate of 0.45
For a time of 35years
We will compound her amount
Using compound interest formula
A=P(1+r/n)^nt
Where,
P = principal amount = $240
r = annual rate of interest =0.45
t = number of years the amount invested =35years
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year=12months
Therefore,
A=P(1+r/n)^nt
A=240(1+0.43/12)^35×12
A=240(1+0.03583)^420
A=240(1.03583)^420
A=240×2.641
A=$633.814
The amount is approximately $633.814
P - principle of the loan
FC - finance change or total interest
N - number of months the loan is force
FC = ($1,000 x .06 x 1)
FC = $60
Finance charge is $60.
Answer:
c.credit to Wages Payable for $6,300.
Explanation:
The journal entry to record the wages expense is shown below;
Wages expense dr ($10,500 × 3 ÷ 5) $6,300
To Wages payable $6,300
(being the wages expense is recorded)
Here the wages expense is debited as it increased the expense and credited the wages payable as it increased the liabilities
