Answer:
The correct answer here is option b.
Explanation:
When here is an increase in capital, the firm would like to produce more. So, the demand for labor would increase. Though the supply of labor would remain the same as it is not affected by the change in capital.
With the shift in the demand curve, the quantity of labor hired would increase as well. With no change in labor supply, the wage rate will increase as well.
Answer:
Debit to loss on sale of equipment of $20,000
Explanation:
Data provided in the question:
Selling cost of the equipment = $100,000
Cost of the equipment = $300,000
Accumulated depreciation of the equipment = $180,000
Now,
The book value of the equipment
= Cost of the equipment - Accumulated depreciation
= $300,000 - $180,000
= $120,000
Therefore,
Proceeds for selling
= Selling cost of the equipment - Book value of the equipment
= $100,000 - $120,000
= - $20,000
Here, the negative sign depicts a loss
Hence,
The company’s journal entry to record the sale of the equipment would include a Debit to loss on sale of equipment of $20,000
The company's journal entry would include a debit to Accumulated Depreciation, a debit to Loss on Sale of Equipment, and credits to Equipment and Cash.
The company would record the sale of the equipment with the following journal entry:
Debit: Accumulated Depreciation - $180,000
Debit: Loss on Sale of Equipment - (Sale Price - Book Value)
Credit: Equipment - $300,000
Credit: Cash - $100,000
The debit to Accumulated Depreciation reduces the accumulated depreciation on the balance sheet. The debit to Loss on Sale of Equipment records the difference between the sale price and the book value as a loss. The credit to Equipment removes the asset from the balance sheet. The credit to Cash reflects the cash received from the sale.
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Alejandro is probably applying the quantitative viewpoint.
The quantitative viewpoint is the one that lay emphasis on efficiency. This viewpoint means that the questions we form can be best answered with some analytical thinking.
There are different types of managers, however, quantitative viewpoint assumes workers are rational hence focuses on efficiency of workers.
Hence, Alejandro is probably applying the quantitativeviewpoint, which is the type of manager who completely focuses on efficiency, and assumes workers are rational.
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Alejandro is likely applying the Taylorism viewpoint in management, which focuses on work efficiency and views workers as rational beings. This theory, developed by Fredrick Taylor, is also known as scientific management and encourages task standardization to improve productivity.
Alejandro, who focuses on efficiency and assumes workers are rational, is likely applying the Taylorism viewpoint. This management theory, developed by Fredrick Taylor, is also known as scientific management or "stop-watch management."
Taylorism emphasizes the standardization of work tasks to improve efficiency, often at the loss of human interaction and collaborative work environments. Taylor's system sought to improve factory efficiency by reducing tasks to short, repetitive actions.
Therefore, managers who completely focus on efficiency, as Alejandro does, typically follow Taylor's principles of scientific management. This management style views workers as rational beings who are fundamentally driven by the need for efficiency and productivity in their roles.
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Answer:
brakes
Explanation:
because they brake
Answer:
Pakistan's GDP is 13.81 trillions of rupees.
Explanation:
GDP = C + I + G + NX
Here:
C = 10.50
I = 1.30
G= 2.80
NX = (1.30 - 2.09) = -0.79
GDP = 10.50 + 1.30 + 2.80 - 0.79
GDP = 13.81
Answer:
January 1, Year 1 Cash $56017.5 Dr
Discount on Bonds Payable $1732.5 Dr
Bonds Payable $57750 Cr
Explanation:
The value of bonds which are issued at par is denoted by 100. If the bonds are issued at anything above 100 denomination, this means that the bonds are issued at a premium and if the denoted figure is less than 100, like in this question it is 97, the bonds are issued at a discount.
The cash received on the issuance of this bond will be 97% of the face value of the bond and the 3% will be the discount on the issuance of these bonds.
Thus, the cash received is = 57750 * 97% = $56017.5
The discount on Bonds Payable = 57750 - 56017.5 = $1732.5
The journal entry to record the bond issuance and the receipt of cash would be:
Date Account title Debit Credit
Year 1 Cash $56,017.5
Discount on Bonds Payable $1, 732.5 Dr
Bonds Payable $57, 750 Cr
Since the bonds were issued at 97, this means they were issued at a discount. The discount on bonds payable is the difference between the face value and the issue price.
Issue Price = $57,750 x 97%
= $56,017.50
Bond Discount = $57,750 - $56,017.50
= $1,732.50
The journal entry to record the issuance of the bonds on January 1, Year 1, would include:
Debit Cash for the amount received ($56,017.50).
Debit Discount on Bonds Payable for the discount amount ($1,732.50).
Credit Bonds Payable for the face value of the bonds ($57,750).
This entry reflects the receipt of cash and the creation of a liability for the face value of the bonds. The discount account represents the additional interest expense that will be recognized over the life of the bonds.
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Answer:
b. $530
Explanation:
As provided retained earnings opening balance = $475
Add net income for the year = $130
Balance = $605
Further dividend is paid, which reduces the balance of retained earnings = $75
Balance after paying dividends = $605 - $75 = $530
All the other information provided in question relates to common stock and has no relevance on retained earnings balance.
Therefore, balance of retained earnings at the end of period = $530