Batch reconciliation is the process of preparing a batch report from a point-of-sale terminal.
This process involves comparing the transactions that have been recorded in the point-of-sale terminal with the corresponding transactions in the company's accounting records.
The batch report will include the total number of transactions, the total amount of each transaction, and any discrepancies that may exist between the two records.
This process is necessary to ensure accuracy in the company's financial records and to ensure that all transactions are properly accounted for.
Batch reconciliation also helps to detect any potential fraud or errors that may have occurred during the transaction processing.
By reconciling the transactions in a timely manner, companies can ensure that their financial records are accurate and up to date.
To know more about transactions,
https://brainly.com/question/1016861
#SPJ4
lewis & price corporation paid $700 in dividends and $320 in interest this past year. common stock remained constant at $6,800 and retained earnings increased by $180. what is the net income for the year?
This past year, Lewis & Price Corporation distributed $700 in dividends and $320 in interest. Retained profits climbed by $180 while common stock stayed at $6,800. $520 is the net income for the entire year.
The entire amount of money you make over the course of a year after taking certain deductions from your gross income is known as your annual net income. You must be careful to exclude certain expenses from your total gross revenue before analyzing your yearly net income.
Total revenues less total expenses equals net income. Investors may gauge Net Income, also known as Net Profit, by looking at how much Total Revenue surpasses Total Expenses.
Net-income = Dividends paid + Change in retained earnings
= 700 + (-180)
Net income = $520
Learn more about net income Visit: brainly.com/question/28390284
#SPJ4
(2) _____ is the federal branch responsible for creating guidelines and monitoring workplace safety.
WPS
USPS
FCC
OSHA
OSHA (Occupational Safety and Health Administration) is the federal branch responsible for creating guidelines and monitoring workplace safety.
OSHA is part of the United States Department of Labor and is tasked with ensuring that employers provide a safe and healthy work environment for their employees. OSHA sets standards for workplace safety, conducts monitoring inspections, and provides training and education to help employers and employees understand and comply with these standards. OSHA's mission is to prevent work-related injuries, illnesses, and deaths by promoting and enforcing safe and healthy working conditions. The agency also encourages employers to create economy and maintain effective safety and health programs to reduce the risk of workplace accidents and injuries.
Learn more about economy here
brainly.com/question/2421251
#SPJ4
What inventory method results in a cost of ending inventory that is close to the current cost of replacing the inventory?
The FIFO inventory approach yields an inventory ending cost that is quite close to the inventory replacement cost at the time. For first in, first out, use FIFO.
Replacement cost is the price required to replace an existing asset with one that is comparable and available at the current market rate.
The asset's pre-damaged status is used to determine the replacement cost if the asset has already suffered damage. The LCM method takes into account potential long-term changes in a good's value. If the price at which the inventory may be sold dips below the net realizable value of the item, resulting in a loss, the loss can be recorded using the LCM approach in this scenario.
To know more about FIFO visit: brainly.com/question/6352710
#SPJ1
Which of the following is a disadvantage of a market economy?
A. It sustains a high degree of uncertainty.
B. It restricts personal freedom.
C. It discourages creativity and new ideas for doing things.
D. It does not allocate resources as efficiently as other types of economies.
In a market economy, there can be a high degree of uncertainty due to competition and fluctuations in production. Although market economies are typically associated with economic freedom and innovation, and, contrary to the options presented, are often considered efficient in resource allocation.
Explanation:An element of a Market Economy can indeed create a high degree of uncertainty. Since decisions about production and prices are made by businesses based on the demand and supply, nobody can predict with certainty what decision a business might take next. This can lead to increased competition, production fluctuations and often to individuals and businesses taking high risks, which ultimately increases uncertainty.
So, the disadvantages of a market economy include it sustaining a high degree of uncertainty (option A). The market economy does not necessarily restrict personal freedom (option B), in fact, it's usually associated with a high degree of personal and economic freedom. Nor does it discourage creativity and new ideas (option C), as competition within a market economy often encourages innovation. Lastly, it is in fact usually considered to efficiently allocate resources through the forces of supply and demand (option D).
Learn more about Market Economy here:https://brainly.com/question/33084757
the duty of business to contribute to the well-being of society
The concept is Social responsibility. It is the duty of companies to contribute to the good of society.
Social responsibility means that in addition to maximizing shareholder value, companies must also act in a way that benefits society. Socially responsible companies should pursue policies that promote the well-being of society and the environment while reducing negative impacts on them.
Social Responsibility serves as a platform for businesses and consumers to positively impact local and global communities.
companies that implement a social responsibility approach in accordance with their values have the opportunity to increase the loyalty and loyalty of their customers. Its advantages include:
increased sales and customer retention.operating cost savings.best financial results.increased ability to attract talent and retain staff.To know more about the Social Responsibility,
brainly.com/question/28610755
#SPJ4
Classify each activity involving common property as neglect, overuse, or neither.
The challenges of providing the non executable goods is
a) In a national park, all wildfires are immediately put out is Neither neglect nor overuse.
b) Logging removes timber faster than it can grow back is Overuse.
This can create a dilemma for park authorities who need to finance the maintenance and upkeep of the park. If people can use the park for free, it may be challenging to generate the necessary funds to keep the park clean, safe, and attractive. This may result in neglect, which can lead to the degradation of the park's facilities and amenities.
a) In a national park, all wildfires are immediately put out.
In this example, park authorities are actively managing the park by putting out any wildfires. Since the authorities are taking proactive steps to manage the park, it is neither neglected nor overused.
b) Logging removes timber faster than it can grow back.
In this example, logging is being carried out at a rate faster than the timber can grow back. Overuse is occurring in this case, which can have severe consequences for the forest's long-term sustainability.
To know more about non executable goods here
https://brainly.com/question/24111855
#SPJ4
Complete Question:
What are the challenges of providing nonexcludable goods? Classify each activity involving common property as neglect, overuse, or neither. Drag each item on the left to its matching item on the right. Note that every item may not have a match, while some items may have more than one match.
a) In a national park, all wildfires are immediately put out.
b) Logging removes timber faster than it can grow back.
What is ISFJ weakness?
ISFJ weakness is when they encounter conflict or confrontation or receive criticism.
Also, they may feel overwhelmed by constant interruptions or a sense that there is too much going on at once. Conflict tends to turn ISFJs off. They may find arguments and confrontations to be extremely unpleasant, especially if they feel that their principles or ideals are being questioned.
A big no-no is interrupting, cutting somebody off, or providing your viewpoint before they have finished giving theirs. ISFJs frequently need to talk about their feelings and emotions in order to better understand what is happening on within because they are Extraverted Feeling (Fe) types.
Read more about weakness at
https://brainly.com/question/29721555
#SPJ4
As part of their application for a loan to buy lakeside farm, a property they hope to develop as a bed-and-breakfast operation, the prospective owners have projected: monthly fixed cost (loan payment, taxes, insurance, maintenance) $6000 variable cost per occupied room per night $ 20 revenue per occupied room per night $ 75 a. Write the expression for the total cost per month. Assume 30 days per month b. Write the expression for total revenue per month. C. If there are 12 guest rooms available, can they break even? what percentage of rooms would need to be occupied, on average, to break even?.
a. Expression for total cost per month: Total cost = fixed cost + (variable cost per room per night x number of occupied rooms x number of nights)
Total cost = $6000 + ($20 x 12 x 30) = $18,600
b. Expression for total revenue per month: Total revenue = revenue per occupied room per night x number of occupied rooms x number of nights
Total revenue = $75 x 12 x 30 = $27,000
c. To break even, total revenue should be equal to total cost.
So, $27,000 = $18,600 + (variable cost per room per night x number of occupied rooms x number of nights). $8,400 = ($20 x 12 x 30 x number of occupied rooms). Number of occupied rooms = 17.5
So, they would need to occupy 146% of the available rooms to break even, which is not possible. Therefore, they cannot break even with the given number of rooms and costs.
You can read more about variable costs at https://brainly.com/question/13896920#:
#SPJ4
Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year:
Machine-hours 75,000
Fixed manufacturing overhead cost $795,000
Variable manufacturing overhead per computer-hour $1.40
During the year, a glut furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year:
Machine-hours 60,000
Manufacturing overhead cost $850,000
Inventories at year-end:
Raw materials $30,000
Work in process (includes overhead applied of 36,000) $100,000
Finished goods (includes overhead applied of 180,000) $500,000
Cost of goods sold (includes overhead applied of 504,000) $1,400,000
Required:
1. Compute the company's predetermined overhead rate.
2. Compute the underapplied or overapplied overhead.
3, Assume that the company closes any underapplied or overapplied overhead directly to Cost of Goods Sold. Prepare the appropriate journal entry.
The assessment results are provided in accordance with the question.
What is a manufacturing instance?Production of autos, chemicals, textiles, consumer electronics, furnishing, heavy equipment, petroleum-based products, ships, steel, tools, and castings are a few of the most prominent industrial sectors.
(1) The following formula can be used to get the predetermined overhead cost:
Total overheads expense / Total machine hours equals the predetermined rate of overhead.
Using the estimates made at the start of the year:
($795,000 + (75,000 x $1.40)) / 75,000 is the overhead allocation rate.
$904,500 divided by 75,000 is the overhead rate rate.
$12.06 is the pre - determined overhead price per machine-hour.
(2) Overhead applied = Actual associated with manufacturing a product cost - (Actual machine hours x Pre - determined overhead rate) - The difference between actual manufacturing overheads ($850,00) and (60,000 x $12.06) is $723,600.
$723,600 less $850,000 is $126,400 in excessive overhead.
(3) Debit: $126,400 in cost of goods sold.
Credit: $126,400 Manufacturer Overhead
This transaction would reduce the Manufactured Overhead account and raise Cost of Products Sold by the proportion of the excess overhead.
To know more about manufacturing visit:
https://brainly.com/question/13740503
#SPJ4
What is the drum in a theory of constraints system?
The physical limitation of the plant, such as the work center, machine, or operation that prevents the system as a whole from producing more, is represented by the drum as the rate at which it can operate.
Explain about the theory of constraints?A Theory of Constraints is a process for determining the most significant constraint (i.e., limiting factor) that prevents the accomplishment of a goal and then methodically removing that limitation until it is no longer the constraint.
The restriction is regularly alluded to as an bottleneck in manufacturing.Its Theory of Constraints employs a methodical strategy for development. It postulates that any complex system, including industrial processes, is made up of a number of interconnected activities, each of which has an impact on the system as a whole.Thus, the physical limitation of the plant, such as the work center, machine, or operation that prevents the system as a whole from producing more, is represented by the drum as the rate at which it can operate.
To know more about the theory of constraints, here
https://brainly.com/question/15562036
#SPJ4
What Does 'PMO' Mean?
PMO stands for "Project Management Office." A PMO is a group or department within a business or organization that is responsible for defining and maintaining the standards of project management within the organization.
The PMO oversees the management of projects, programs, and portfolios, and provides support, guidance, and oversight to project managers and teams. The PMO also plays a key role in ensuring that projects are completed on time, within budget, and to the satisfaction of stakeholders.
Overall, the PMO is an important component of effective project management and helps organizations to achieve their strategic goals and objectives.
For more about PMO:
https://brainly.com/question/18914992
#SPJ11
where is the lapeer recreation center?
Lapeer Recreation Center is located at 880 S Saginaw St, Lapeer, Michigan, 48446, USA.
The City of Lapeer Community Center is designed to offer year-round recreational, social, cultural, physical fitness, and educational activities to people of the Lapeer area of all ages. The Community Center will improve the community's quality of life through its amenities and programmes. The Community Center provides a variety of programmes for kids, adults, and elders.
The 6.9-acre, 55,000-square-foot facility was built in 1995 and includes a six-lane indoor competition/leisure pool with a zero entry slide, a gymnasium with seven baskets, weight and fitness equipment (new in 2013), meeting and group fitness rooms, a track, two racquetball courts, a child care area, a cycling studio, locker room facilities, and the administrative offices of the Park & Recreation department.
Read more about recreation center at
https://brainly.com/question/12083723
#SPJ4
What is the historical cost principle?
The historical cost principle is an accounting principle that requires companies to record their assets at their original cost.
This principle helps ensure that financial statements accurately reflect the value of the company's assets and the cost of acquiring them. It also provides a consistent and objective measure of the company's financial performance over time.
While the historical cost principle is widely accepted in accounting, there are some limitations to its application. For example, it does not take into account changes in the value of assets over time, and it may not reflect the true economic value of an asset at a particular point in time. As a result, some companies may use other methods of accounting, such as fair value accounting, in certain circumstances.
Learn more about historical cost principle
brainly.com/question/29350407
#SPJ4
How do you write a professional bio about yourself?
If you work in a profession where it is appropriate, you should include your name and title in your professional bio.
You must provide your name and the title of your present position in the first sentence of your brief bio. Say, "Sarah Hayes is the Senior Marketing Director for Blooming Street Creative," as the first sentence of your bio. You might put your most recent title or your college major if you are actively looking for work.
Include significant professional positions and accomplishments in your biography. Include your interests, passions, and the way you apply your values to your work. a description of your background as a worker, businessperson, or professional.
Read more about professional bio at
https://brainly.com/question/30397118
#SPJ4
________ entails a sense of purpose for the firm that is higher than simply making a profit by selling products and services.
Corporate social responsibility
Conscious marketing
Triple bottom line
Marketing analytics
The four Ps
Conscious marketing entails a sense of purpose for the firm that is higher than simply making a profit by selling products and services. Thus, option B is correct.
What is firm?A firm is one that has the aim to earn the maximum amount of profit. This will help firm enlarge their business and have funds when there is a need.
Conscious marketing is the one process in which the only aim is not to make a profit for the firm but much more. This will ensure that the organization will have environmental, ethical as well as physiological well-being.
Therefore, option B is correct.
Learn more about firm, here:
https://brainly.com/question/29482295
#SPJ1
What are three ways he can verbally communicate better by
phone?
There are three ways he can verbally communicate better by phone are:
Speak slowly and clearlyListen activelyPatient now is listeningWhat is communication?
The term communication refers to the exchange of thoughts, ideas, and messages that are shared between two or more people. Without language, a person can survive, but without communication, no one can survive. Communication is divided into two categories, such as interpersonal and intrapersonal.
According to the communication was the developed on the verbally communicate better by phone are:
Speak slowly and clearlyListen activelyRemoved the barrier.The sender, receiver, and message are the important element.
As a result, the significance of the communication are the aforementioned.
Learn more about on communication, here:
https://brainly.com/question/22558440
#SPJ1
what is the most common source of funding for entrepreneurs?
Loans. For small and medium-sized firms, loans are the most popular type of funding. If you want individualised service or a payback plan that is unique, all lenders provide various benefits. It's a good idea to compare lenders.
What are the four typical sources of funding?Family and friends, equity providers, debt providers, and institutional investors are the four groups into which the common sources of funding employed in developing economies can be divided.
It makes sense to compare lenders to pick one that best suits your requirements.
How can business owners acquire capital?Different sources of funding are used by entrepreneurs to launch their businesses. When starting out, they frequently spend their own funds. In the early stages of a firm, family and friends may offer some financial assistance. Then they might bring on partners who have a lot of capital and can assist in supporting the company financially.
To know more about entrepreneurs visit:
https://brainly.com/question/28184199
#SPJ1
What economic doctrine guided Congress and presidents in the Gilded Age, causing them to oppose government regulation of business ?A. laissez-faireB. build a society of small farms as well as industrialize.C. wheatD. Abilene, Kansas
The economic doctrine that guided Congress and presidents in the Gilded Age, causing them to oppose government regulation of business is: A. laissez-faire.
What was importance of laissez-faire during Gilded Age?Laissez-faire merged the principles of limited government and the free market with some Social Darwinist ideas. Liberals believed that competition was necessary for progress by applying Charles Darwin's theory of evolution to human institutions.
Any measures that interfered with complete freedom (defined as the freedom to buy and sell your labor and property in any way you chose) were antithetical to natural selection and hampered civilization's progress.
During the Gilded Age, this belief that laissez-faire capitalism produced the best results for society clashed with reformers' and labor unions' efforts to limit big business's influence.
Read more about laissez-faire
brainly.com/question/17259480
#SPJ1
where we can find umms hr connections
UMMS HR connections can be found on the University of Maryland Medical System's human resources website. You can access this website by going to the following link: https://www.umms.org/hr. Once you are on the website, you can navigate to the connections section to find resources related to benefits, payroll, and other HR-related topics. It is important to note that you may need to log in with your UMMS credentials to access certain parts of the website.
The University of Maryland Medical System (UMMS) is a non-profit health system that serves the state of Maryland and the surrounding region. UMMS includes 13 hospitals, including the University of Maryland Medical Center (UMMC) in downtown Baltimore, as well as numerous outpatient clinics, primary care practices, and specialty care centers.
UMMS offers a full range of medical services, from routine primary care to complex specialty care, including cancer, neurology, cardiology, orthopedics, and transplant services. The system also includes a Level 1 trauma center, the R Adams Cowley Shock Trauma Center at UMMC, which is one of the busiest trauma centers in the country.
To know more about University of Maryland Medical System here:
https://brainly.com/question/18182972
#SPJ11
Which of the following groups would benefit the most from receiving subsidies?
A. Governments
B. International organizations such as the WTO
C. Domestic producers
D. Importers
E. Foreign competitors
The following groups would benefit the most from receiving subsidies Domestic producers.
Who gains the most when receiving subsidies?The primary beneficiaries of subsidies are importers, whose level of global competitiveness is raised as a result of these subsidies. By reducing import competition, import quotas and voluntary export restraints (VERs) both help domestic producers.
Who are the main recipients of subsidies in most nations?In most nations, agriculture is one of the sectors that receives the highest subsidies.
Which of the following groups stands to gain the most from tariff implementation?domestic manufacturers. Reason: This is due to the fact that when tariffs are imposed, imported goods become prohibitively expensive in comparison to domestic ones, causing country people to begin buying goods from home producers.
To Know more about Domestic producers.
https://brainly.com/question/13795785
#SPJ4
the function of business that acquires and manages funds within a firm is
The function of a business that acquires and manages funds within a firm is called financial management.
Financial management is the process of making decisions about how to raise and allocate financial resources to achieve the firm's goals and objectives. This involves a range of activities such as budgeting, forecasting, risk management, investment planning, and cash management.
Financial management is a crucial part of the overall management of a business, as it determines the financial health and stability of the firm. It is responsible for ensuring that the firm has sufficient financial resources to support its operations, pay its debts, and achieve its goals.
Financial management also plays a key role in determining the appropriate mix of debt and equity financing, as well as the optimal structure of the firm's balance sheet. Financial managers must have a strong understanding of financial markets, financial instruments, and investment strategies, as well as the ability to analyze financial data and make informed decisions.
To learn more about financial management
https://brainly.com/question/6659707
#SPJ4
how does debt create financial risk and instability?
Debt create financial risk and instability in ways which include: risk of default, credit card score damage and limited financial flexibility
How debt creates financial riskDebt creates financial risk and instability in a variety of ways among which includes the following:
Debt increases the risk of default, which would result in the debtor being unable to make the payments back.
Defaulting on a loan can have serious consequences, including credit score damage, affect one’s ability to obtain future financing, and even result in legal action.
Also, carrying too much debt can limit one’s financial flexibility and make it more difficult to fund unexpected expenses, leaving them in a precarious financial position.
Lastly, large amounts of debt can be difficult to service, as it may require a large portion of one's income to repay it; this can limit their ability to save, invest, or make other financial decisions.
Learn more about financial risk at: https://brainly.com/question/30008683
#SPJ1
The price of peanut butter rises from $1 per jar to $2 per jar. The quantity of grape jelly consumed falls from 6 million jars per year to 2 million jars. What is the arc cross-price elasticity of demand?
The arc cross-price elasticity of demand is -1,5.
Demand in economics refers to a consumer's readiness to pay a particular price for goods and services as well as their desire to buy them. Demand for a good or service typically declines when its price goes up. The amount needed will rise when a product's price drops, in a similar manner.
Consumers and businesses are quite familiar with the idea of demand because it makes sense and happens organically throughout the course of almost any day. For instance, when a product's pricing is low, shoppers who are keeping an eye on it will buy more of it. When costs increase, such as during a change in season, consumers may buy less or even nothing at all.
Here you can learn more about demand in the link brainly.com/question/29703449
#SPJ4
How long does it take to complete the online application process?
The length of time it takes to complete an online application process can depend on the application and the applicant's level of familiarity with the process. Some online applications can be completed in a few minutes, while others may take an hour or more.
Factors that can affect the time required to complete an online application include the length and complexity of the application, the amount of information required, the applicant's computer skills and typing speed, and whether the applicant has all the necessary information and documentation readily available.
If you are unsure how long an online application will take, it is a good idea to carefully review the instructions and requirements before starting, gather all necessary information and documentation in advance, and allow yourself enough time to complete the application thoroughly and accurately.
For more such questions on online applications.
https://brainly.com/question/30046934
#SPJ4
is it illegal to tell employees not to discuss wages
In the United States, it is generally illegal for employers to prohibit employees from discussing their wages or other terms and conditions of employment with each other.
Such prohibitions violate the National Labor Relations Act (NLRA), which gives employees the right to engage in "concerted activities for the purpose of collective bargaining or other mutual aid or protection." Discussing wages and other terms and conditions of employment is considered a protected concerted activity under the NLRA. Employers cannot retaliate against employees for discussing wages or other terms and conditions of employment, and they cannot require employees to sign agreements that prohibit them from discussing such matters. Employers that violate the NLRA can face legal action, including fines and other penalties. It is important to note that some states and localities may have their own laws that offer greater protections for employees regarding the right to discuss their wages and other terms and conditions of employment. Employers should familiarize themselves with the relevant laws in their area to ensure compliance.
To know more about employees laws:
https://brainly.com/question/4316039
#SPJ4
Does the recognition of an expense does not depend on the payment of cash?
True False
True, is the right answer. The payment of cash is not necessary for the acknowledgment of an expense. Regardless of when the payment is made.
Expenses are recorded when they are incurred, which is often when the products or services are purchased or used. Regardless of when the accompanying cash flows occur, expenses are recorded when they are incurred and revenues are recorded when they are collected under accrual accounting, the most popular type of accounting. By matching the expenses with the revenues they were generated from, regardless of the timing of the linked cash flows, this method assures that the financial statements accurately reflect the company's financial position and performance. The inflows and outflows of cash or cash equivalents (such as highly liquid investments) that a business produces or utilises in its operations are referred to as cash flows. Cash inflows are the amount of money the business receives, whilst cash outflows are the amount of money the business spends. Operating cash flows, investment cash flows, and financing cash flows are the three basic categories of cash flows in accounting. Cash received from clients and money paid to suppliers are examples of operating cash flows, which are cash flows produced or consumed in the regular course of a business' operations. Cash used to buy or sell long-term assets is an example of an investment cash flow. Investing cash flows are any cash flows that are produced or utilised in investing activities.
Learn more about Payment of cash here:
https://brainly.com/question/1114543
#SPJ4
why do marketers tend to target educated consumers?
Marketers tend to target educated consumers because they tend to be more affluent and have higher disposable incomes, which makes them more likely to purchase premium products and services.
Additionally, educated consumers are often more likely to be informed and have greater exposure to marketing messages, which makes them more receptive to brand messages and easier to reach through advertising.
Moreover, educated consumers tend to have different values and lifestyle choices, and are often interested in products that align with their values, such as environmentally-friendly products, or products that promote healthy living. They are also more likely to be early adopters of new technologies, which can make them valuable customers for tech companies looking to market their products.
In short, targeting educated consumers can be seen as a way for marketers to reach consumers who are more likely to make purchasing decisions based on factors beyond simply the price of a product.
To know more about marketers here
https://brainly.com/question/15483550
#SPJ4
simon gave a speech about the benefits of working for the postal service. he mentioned that three of his relatives were mailmen and suggested that the audience members should consider becoming postmen. what mistakes did simon make?
By applying gender-specific labels, he was being exclusionary rather than inclusive, and he wasn't paying attention to current gender attitudes and behaviors.
The postal service is what?The postal system is an institution that, almost always under the control of a government or quasi-government organization, enables anyone to send a letter, packet, or parcel to any addressee, whether that addressee is domestic or international, with the expectation that it will be delivered in accordance with some established standards of regularity, speed, and security.
A reasonably straightforward cost structure based on weight and, in some countries, needed service speed is used for the service's upfront payment by the sender. The addressee is typically not required to make payment when prepayment is made using postage stamps, franking machine impressions, or printed notification of postage paid.
Learn more about postal services with the help of the given link:
brainly.com/question/30031684
#SPJ1
Your wage multiplied by the number of hours you worked is definition of what?
Your gross compensation is defined as the product of your wage and the number of hours worked. The whole amount of money you make before any deductions or taxes.
is referred to as your gross pay. It includes your normal income or earnings, as well as any overtime compensation, bonuses, or commissions you may receive. For example, if you are paid $20 per hour and work 40 hours per week, your weekly gross salary is $800. (20 x 40). If you worked an extra 10 hours of overtime and were paid $30 per hour, your weekly gross compensation would be $1,100 (20 x 40 + 30 x 10). Taxes, social security, and other deductions may be made from your gross salary. The whole amount of money you make before any deductions or taxes.
learn more about wage here:
https://brainly.com/question/13847060
#SPJ4
what are the major determinants of price elasticity of demand?
The major determinants of price elasticity of demand includes Availability of Substitutes, Necessity of the Good, Proportion of Income Spent,Time Horizon, Habits and Addictions
The following factors play a significant role in price elasticity of demand: A item or service's demand will be more elastic in terms of price the more alternatives there are for it. Food and medication are examples of necessities that frequently exhibit inelastic demand, or desire that will not change even when costs rise. Luxury items, however, have more elastic demand because buyers are more inclined to cut back on their consumption as costs rise. The demand for an item or service will be more price-elastic if it makes up a significant amount of the consumer's budget.
The demand will be more elastic to price the longer the time period.
Habits and Dependencies: The demand for a commodity or service will be less price-elastic if it is addictive or habit-forming.
For such more questions on price elasticity :
brainly.com/question/13565779
#SPJ4