Question

Income vs. Assets: a. Wages earned vs. potential earnings b. Wages earned vs. intrinsic qualities such...

Income vs. Assets:

a.

Wages earned vs. potential earnings
b.

Wages earned vs. intrinsic qualities such as good looks or intelligence
c.

Wages earned by household members vs. stocks, cash and property
d.

Stocks, cash and property vs. wages earned by household members
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer to the question:

Option c: Wages earned by household members vs. stocks, cash and property.

Explanation: The income is the wage and salary earned by the person. It is the earning that a person earn at a particular point of time. On the other hand, asset is like a saving. Income is the earning at a particular point of time. And if we save or buy some bonds or keep it as cash then it will be known as the asset. Asset is what we already have at a particular point of time.

Hope, I solved your query. Give good feedback.

Comment, I'll get back to you ASAP.

Stay safe. Thank you.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
20. EARNED INCOME CREDIT: For Each of the following situations, compute the taxpayer's 2019 earned income...
20. EARNED INCOME CREDIT: For Each of the following situations, compute the taxpayer's 2019 earned income credit. a. Patty and Ron Barnett file a joint return, claiming their two sons, ages 3 and 5, as dependents. The Barnetts' AGI is $14,400, which consists entirely of Ron's wages. b. Joseph is a 25-year-old graduate.His gross income consists of $5,000 of wages and $80 in interest from a savings account. Joseph files as single and claims no dependents. c. Suzanne and Vernon...
Which of the following entries causes a decrease in assets and in net income? a. The...
Which of the following entries causes a decrease in assets and in net income? a. The entry to record the payment of utilities with cash b. The entry to record accrued wages payable c. The entry to record revenue earned but not yet received d. The entry to record the payment of cash for the purchase of a building
Jesus, age 14, is a dependent of his parents. During 2020, Jesus’ earned income from wages...
Jesus, age 14, is a dependent of his parents. During 2020, Jesus’ earned income from wages is $4,000 and Jesus received $3,000 of interest income. The parent's marginal rate is 24% and Jesus’ marginal rate is 10%. Jesus’ tax is (kiddie tax rules for 2020) A) $285. B) $377. C) $563. D) None of the above.
Which financial statement will each be found on? a. Current Assets b. Property, plant & equipment...
Which financial statement will each be found on? a. Current Assets b. Property, plant & equipment c. Current liabilities d. Long-term liabilities e. Stockholder's equity f. Balance sheet 1) Cash paid employees for salaries and wages 2) Cash collected from sales customers 3)Bonds Payable 4) Cash 5) Common Stock 6) Equipment 7) Prepaid Insurance 8) Inventory 9) Prepaid Rent 10) Retained Earnings 11) Salaries & Wages Expense 12) Sales
Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of...
Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Service as of September 30, 20Y6, the end of the current year, and its revenue and expenses for the year are listed below. The retained earnings were $150,000, and the common stock was $50,000 as of October 1, 20Y5, the beginning of the current year. Dividends of $10,000 were paid during the current year. Accounts payable $175,000 Accounts receivable 321,000 Cash 166,000...
1. Dividends would appear on Select one: a. Income Statement b. Statement of Retained Earnings c....
1. Dividends would appear on Select one: a. Income Statement b. Statement of Retained Earnings c. Balance Sheet Statement d. None of the above 2. If assets increase $80,000 during a given period and liabilities increase $30,000 during the same period, stockholders' equity must have:::If assets increase $80,000 during a given period and liabilities increase $30,000 during the same period, stockholders' equity must have: Select one: a. decreased $50,000 b. decreased $40,000 c. increased $50,000 d. increased $30,000 3. Salary...
Following are partially completed financial statements​ (income statement, statement of retained​ earnings, and balance​ sheet) for...
Following are partially completed financial statements​ (income statement, statement of retained​ earnings, and balance​ sheet) for Loving Corporation. Complete the financial statements. All amounts are in millions. Loving Corporation Income Statement Year Ended December 31, 2018 (millions) Net sales $186 Expenses 106 Net income (loss) $ a Loving Corporation Statement of Retained Earnings Year Ended December 31, 2018 (millions) Beginning retained earnings $72 Net income b Cash dividends declared (9) Ending retained earnings $ c Loving Corporation Balance Sheet December...
B&B Pharmaceutical had net income of $210 million and sales totaling $44,600 million. Its assets at...
B&B Pharmaceutical had net income of $210 million and sales totaling $44,600 million. Its assets at the end of the year totaled $2,000 million. Interest expense was $120 million and the income tax rate was 30 percent. What is B&Bs return on assets? A.   14.70% B.   16.20% C.   18.71% D.   12.06% B&B reported total assets at December 31 totaling $300,000. The following selected amounts were taken from its financial statements for its year ending December 31: Retained earnings (Fund Balance)...
New Millenium Company earned $2.3 million in net income last year. It took depreciation deductions of...
New Millenium Company earned $2.3 million in net income last year. It took depreciation deductions of $290,000 and made new investments in working capital and fixed assets of $96,000 and $360.000, respectively. A. What was New Millenniums Free cash flow last year. B. Suppose that the company's free cash flow is expected to grow at 4% per year forever. If investors require a return of 9% on Millennium stock, what is the present value of Millenium's Future free cash flows?...
Which of the following is a destroyer of potential wealth? a. Subsidies b. Price Controls c....
Which of the following is a destroyer of potential wealth? a. Subsidies b. Price Controls c. Taxes d. All of the above. If the results of an action are good or favorable, then the action must be good. This is the moral approach known as: a. consequentialism. b. deontology. c. virtue ethics. d. scripture ethics. Which of the following are examples of a price ceiling? Maximum Wages. Maximum Prices Both a. and b. None of the above. When a bad...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • 4. List and describe the THREE (3) necessary conditions for complete similarity between a model and...
    asked 11 minutes ago
  • In C++ Complete the template Integer Average program. // Calculate the average of several integers. #include...
    asked 16 minutes ago
  • A uniform rod is set up so that it can rotate about a perpendicular axis at...
    asked 18 minutes ago
  • To the TwoDArray, add a method called transpose() that generates the transpose of a 2D array...
    asked 39 minutes ago
  • How could your result from GC (retention time, percent area, etc.) be affected by these following...
    asked 49 minutes ago
  • QUESTION 17 What are the tasks in Logical Network Design phase? (Select five. ) Design a...
    asked 51 minutes ago
  • What is the temperature of N2 gas if the average speed (actually the root-mean-square speed) of...
    asked 1 hour ago
  • Question One: Basic security concepts and terminology                         (2 marks) Computer security is the protection of...
    asked 1 hour ago
  • In program P83.cpp, make the above changes, save the program as ex83.cpp, compile and run the...
    asked 1 hour ago
  • the determination of aspirin in commercial preparations experment explain why the FeCl3-KCl-HCl solution was ased as...
    asked 1 hour ago
  • Describe important events and influences in the life of Wolfgang Amadeus Mozart. What styles, genres, and...
    asked 1 hour ago
  • 3.12 Grade Statistics Write a python module "school.py" that prints school information (first 3 lines of...
    asked 1 hour ago