Answer:
$309
Explanation:
The computation of the gross earning for the week is as follows:
Given that
Payment of $7.15 × 8 = $57.2 or payment of each unit produced whichever is greater
On monday
= 90 units × $0.60
= $54
But the greater is $57.2
On tuesday
= 114 units × $0.60
= $68.4
On Wednesday
= 82 units × $0.60
= $49.20
But the greater is $57.2
On thursday
= 112 units × $0.60
= $67.20
On friday
= 98 units × $0.60
= $58.80
Now the earnings for the last week is
= $57.20 + $68.4 + $57.20 + $67.20 + $58.80
= $308.80
= $309
Answer:
A. Telephone expense is debited $82; accounts payable is credited $82.
Explanation:
Mr. Peabody has incurred a debt of $82 on telephone expenses. His expenses have increased by $82, and his debts(liabilities) have also increased by $82.
An increase in expenses is recorded by debiting the relevant expense account. Mr. Peabody will debit the telephone expense account by $82.
Liabilities have increased by $82. An increase in liabilities is recorded by crediting the liabilities account. Mr. Peabody will complete this transaction by crediting the liabilities account by $82.
Answer:
a) When interest rates on U.S. government securities increases, then the Federal Reserve sells those securities in the open market in order to decrease the money supply. This is contractionary monetary policy of the Federal Reserve. As interest rates are indirectly affected by open market operations, the Federal Reserve sells securities on the open market to reduce the amount of money in circulation to combat rising inflation in the economy.
(b) The federal funds rate, the interest rates charged on the loans to individuals and firms and the rates of bank deposits will increase. As a result, the demand for bank deposits will increase and the demand for other debt securities will decrease. This in turn will increase the yield offered on these instruments.
Less than the bond interest payment
