Explanation:
December 31, 2016: To record accrued wages for one day (10 workers × $145) = $1,450.
January 4, 2017: To record accrued and current wages.
Wages expense = 10 workers × 3 days × $145 = $4,350
Cash = 10 workers × 4 days × $145 = $5,800.
See attached photo.
Answer: D. The amount saved will equal the amount borrowed
Explanation: The loanable funds market Is the market where borrowing happens.
The loanable fund market is subject to the amount of savings and the amount of borrowing available at any point in time which must be at equilibrium.
It is at the state of equilibrium in the loanable funds market that the amount of money saved must be equal to the amount borrowed. This will give rise to the interest rates adjusting itself.
Answer:
c. If the CPI is 156.25 in 2007, then 2005 is the base year.
Explanation:
The formula to compute the consumer price index is shown below:
= (Cost of goods basket in 2007 ÷ Cost of goods basket in 2005) × base year
= ($168.75 ÷ $108) × 100
= 156.25
Since the CPI in 2007 is 156.25 so the base year is 2005.
We simply divide the 2007 basket cost by the 2005 basket cost so that the CPI can come.
Answer: Nepotism
Explanation: Nepotism is an act of granting special privileges to one's friends and family especially during
recruitment or any other opportunity. It entails using one's power to secure juicy opportunities for one's relatives, especially when they are not qualified for such opportunity. Nepotism is also an act of partiality in order to favour one's friends or relative or candidate over others.
The word "nepotism" is an Italian word and it advanced from the Italian word for nephew. It originated in the mid 17th century when popes and other religious leaders were in the habit of displaying favouritism towards their family members at the expenses of others.
Types of nepotism.
• Nepotism at work place or employment nepotism.
• Political nepotism.
• Organizational nepotism.
Manufacturing overhead includes all manufacturing costs EXCLUDING raw materials and direct labor. These are both considered variable costs since they will change with the number of units produced.