ECO 365 - Week 2 Discussion Question Answers DQ 1: Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income? The concept of derived demand occurs when the demand of product exists due to demand of another product. In this case‚ demand of a labor is a form of derived demand‚ because the amount of labor hired will
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Exercises and Problems –W2 E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011. 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery truck. 4. Paid $17‚500 for parking lots and driveways on new plant site. 5. Paid $250 to have company name and advertising slogan
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relating to industry‚ years of education‚ and gender for each worker. A) Which of the 12 variables are qualitative and which are quantitative? 1) Annual wage in dollars 2) Industry (1 = Manufacturing‚ 2 = Construction‚ 0 = Other) 3) Occupation (1 = Mgmt.‚ 2 = Sales‚ 3 = Clerical‚ 4 = Service‚ 5 = Prof.‚ 0 = Other) 4) Years of education 5) Southern resident (1 = Yes‚ 0 = No) 6) Non-white (1 = Yes‚ 0 = No)
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Wiley Plus Wk 2 Ex & Prob ACC/291 August 6‚ 2012 Wiley Plus Wk. 2 Ex & Prob E8 – 3 Date | Account Titles and Explanation | Debit | Credit | 31 – Dec. | Bad Debts Expense Accounts receivable-Fell | 1‚400 | 1‚400 | | | | | 31 – Dec. | Bad Debts Expense (840‚000 – 30000)*1% Allowance for Doubtful accounts | 8‚100 | 8‚100 | | | | | 31 – Dec. | Bad Debts Expense Allowance for Doubtful Accounts (120‚000*10%)-2100 | 9‚900 | 9‚900 | | | | | 31 – Dec.
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negative impact on the bottom- line of the organization. Another alternative will be to keep the original dates of the conference and move it to a different city. Time constraint could make this alternative challenging. The conference is in two weeks therefore moving the
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..................................................................................... 8 Appendix A: Firewall Concept and Responsibility (Figure 1).............................................. 8 Appendix B: SWOT Analysis Example (Figure 2)................................................................. 9
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Responsibility Essay‚ due in Week Five‚ which includes the following: • Define what personal responsibility means to you. • Explain the relationship between personal responsibility and college success. • Include a preliminary plan to practice personal responsibility in your education. This week‚ using the Center for Writing Excellence resources‚ provide the thesis statement and informal outline for your Personal Responsibility Essay assignment‚ due in Week Five. Thesis Statement:
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counseling and life/career coaching 2. What heading are the Health Tools and Health Challenges found under? The Health Tools and Health Challenges are found under the Thriving heading. 3. Where is the Assess Your Health tool located? The Assess Your Health tool is located in Health Tools under the Thriving heading. 4. What are the five categories on the Live Healthy Page? The five categories on the Live Healthy Page are 1: How healthy are you? 2: Lifestyle Change. 3: Physical Fitness
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the period in which the sale was made. There are three essential accounting features to the allowance method: 1. Uncollected debt for accounts receivable are matched against revenues within the same accounting period in which they are recorded. 2. Estimated uncollected debt are debited to bad debts expense and credited to Allowance for Doubtful Accounts via an adjusting entry at the end of each period. 3. Allowance for Doubtful Accounts are actually debited and credited to accounts receivable
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company uses a perpetual inventory system. During September‚ the following transactions occurred. Sept. 6 Purchased 80 calculators at $20 each from DeVito Co. for cash. 9 Paid freight of $80 on calculators purchased from DeVito Co. 10 Returned 2 calculators to DeVito Co. for $42 credit (including freight) because they did not meet specifications. 12 Sold 26 calculators costing $21 (including freight) for $31 each to Mega Book Store‚ terms n/30. 14 Granted credit of $31 to Mega Book Store
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