Describe how a manager who derives satisfaction from both income and shriking allocates a 10-hour day between these activities when paid an annual fixed salary of $90,000
What is the time spent working?
What is the time spent shirking?
Income is the amount received by an individual in exchange for providing products and amenities. Business income is calculated by deducting total expenses from total revenue. It is also referred to as earnings.
Answer and Explanation:
It is given that a manager has 10 hours a day and receives satisfaction through both the activities, working as well as shrinking.
The manager has a fixed salary of $ 90,000. Thus he spends 10 hours on shrinking and 0 hours on working.
|Time spent working||0 hour|
|Time spent shrinking||10 hours.|
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from Accounting 101: Financial AccountingChapter 8 / Lesson 5