Answer:
True
Explanation:
Gross wage is the pay before adjusting for taxes and other deductions. The term gross means before deductions. For example, when calculating profits, gross profits means the earnings before deducting expenses.
Net wages contrast gross wages. While gross wages do not include deductions, net wages is the income after adjusting for all deductions. Calculating the gross wage will include involves adding basic pay and other earnings such as commissions, allowances, and bonuses.
Answer:
c. $16,930
Explanation:
We determiantes teh rates per activity first:
![\left[\begin{array}{ccccc}$Activity&$Driver&$cost&$Total&$Rate\\$Machinning&$Machine Hours&50,350&21,340&2.36\\$Filling&$Orders&28,940&1,066&27.15\\Other&&21,410&0&0\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%24Activity%26%24Driver%26%24cost%26%24Total%26%24Rate%5C%5C%24Machinning%26%24Machine%20Hours%2650%2C350%2621%2C340%262.36%5C%5C%24Filling%26%24Orders%2628%2C940%261%2C066%2627.15%5C%5COther%26%2621%2C410%260%260%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Now, we apply this rate into the product:
5,540 machine hours x 2.36 activity rate = 13.074,4
142 orders x 27.15 activity rate = 3.855,3
Total: 16.929,7
we round for the nearest dollar $16,930
Answer:
b. A debit to Deferred Inflows: Property Taxes; and a credit to Revenues Control.
Explanation:
In accrual accounting revenues and expenses are not recognised till they are earned or incurred.
Deferred revenue is the income for goods that have not been delivered yet. For example if a business made sales of books worth $500 but have not delivered the goods to the buyer, the income realised is credited to deferred income. When the books have been delivered the income can now be recognised and moved to revenue account.
So in the scenario given the property taxes have not been collected yet and Soni's recorded as Deferred inflow from the previous year. When the taxes are collected we debit Deferred Inflow- Property taxes and credit Revenue Control.
Based on a historical perspective the one argument made for the construction of the Panama Canal is that "<u>it would allow ships to move swiftly from the Atlantic and the pacific in the event of a war."</u>
<h3>The Construction of Panama Canal.</h3>
The construction of the Panama canal was done in 1914 and covers about 82 km of waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean and splits up North and South America.
The Panama Canal construction was essential for the political economy of the United States it cuts across the Isthmus of Panama which serves as a conduit for maritime trade.
There are various reasons or arguments for the construction of the Panama canal.
<h3>The reasons for building the Panama canal are</h3>
- It would prevent warfare among competing countries
- It would lessen the distance, cost, and time it took for ships to carry cargo between the Atlantic and the Pacific Oceans
- It would eliminate the danger of earthquakes in Nicaragua.
Hence, in this case, it is concluded that the correct answer is "<u>it would allow ships to move swiftly from the Atlantic and the pacific in the event of a war."</u>
Learn more about Panama Canal here: brainly.com/question/26573102
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<span>The equilibrium price will go down and equilibrium quantity will be indeterminate.
Bumper crop refers to a situation when a certain type of crop exeprience sudden bump in productivity. If at that exact time more people become allergic to this crop, the crop would be overly stocked in the warehouse and the owner would most likely sell it at lower price.</span>
