Chat with our AI personalities
A farmer works for 365 and a quarter day
on average, about $2 a day, which is £1.33. basically, not a lot!!
Fixed capital is something that is need for long term ...working capital is the capital or funds for managing and carrying out day to day operations. Apart from this a important point to note is that usually fixed assets or long term assets of the company are bought from fixed capital. Buying short term current assets from funds for long term would be illogical.
$0.05 was the hourly wage in 1924. so the average salary was $832.00, that's working a 40 hour week.
it was .01cents per day.