Economic Systems
Land is privately owned, and supply and demand dominate how a country functions and the “worth” of things and people
Capitalism
As of today 13% of workers are full-time remote, and 28% are hybrid
Remote Jobs
A journal entry is the act of keeping or making records of any transactions either economic or non-economic.
What is a Journal Entry
Begins by receiving money
Personal Financial Management
It is one of the four Ps of marketing, which are product, place, price, and promotion.
Product
To put that in perspective, to make ONE billion (not 200), one would have to work full-time, minimum wage ($7.50/hr) for 69,000 years
Criticism of Capitalism
A set of rules that explains what is and is not acceptable use of company-owned and company-operated equipment and networks
Acceptable Use Policy
The individual entries on a balance sheet are referred to as debits and credits.
Debits and Credits
Salary
Earned Income
For example, a computer repair does not exist until the technician performs the service on the equipment. Because services are inseparable from the provider, customers often think of the service and the service provider as one and the same.
Product Cont
One popular form is democratic socialism, which still maintains free markets, but imposes high taxes which are then used to provide an extensive social safety net and government services, like education and healthcare
Socialism, Democratic Socialism, Etc.
Most companies, (especially remote companies) use these remote servers to store and access data over the internet rather than just on a personal computer
Cloud Computing
Transactions are listed in an accounting journal that shows a company's DEBIT and CREDIT balances.
What is a Journal Entry
Payment for work and is usually calculated on an hourly, daily, or weekly basis
Wages
All products have certain elements that may be changed to meet customer needs. These elements can be organized into three categories
Product Elements
Some have also argued that higher taxes could drive away new businesses and innovative countries
Criticism of Socialism, Democratic Socialism, Etc.
The practice of examining material, such as online content, and blocking or deleting anything considered inappropriate. Employers are legally allowed to censor information that employees read on the Internet during work hours.
Ways Employers Prevent Dangerous Activity
Debits (often represented as DR) record incoming money
Debits and Credits
Ex: You work 45 hours one week getting paid $20 an hour. With overtime pay, how much do you get paid?
950
For example, a feature of a tablet computer as a good is the size of its display screen.
Features
Every person is provided the same living standard, in theory
Communism
A number used to identify an electronic device connected to the Internet
Internet Protocol Address (IP address)
In this entry, the personal account “Accounts Receivable” represents an individual customer. As the customer makes a purchase, their account is debited (increased), and the sales revenue account is credited.
Personal Account
A fixed (consistent) payment for work and is usually expressed as an annual figure. It is paid in periodic equal payments.
Salary
Technical support includes the people and resources available to help customers with any usage problems.
Usage