Answer:
D. Salaries and Wages Expense 530
Advertising Expense 910
Cash 1440
Explanation:
Salaries and wages expense, and advertising expense, are expenses, therefore, when they increase, they are debited.
Cash is an asset account, when it decreases, as in this case, it is debited.
The entry would be:
Account Debit Credit
Salaries and Wages Expense 530
Advertising expense 910
Cash 1440
Answer:
Ending RE at year-end: 494,000
Explanation:
As this is the first-year of operation there is no beginning Retained Earnings.
Sales Revenue of 4,340,000
Cost of Goods Sold (1,936,000)
Wage Expense (876,000)
Insurance Expense (324,000)
Administrative Expense (414,000)
Utilities Expense (192,000)
Selling Expense <u> (42,000) </u>
Net Income 556,000
Dividends paid: (62,000)
Ending RE 494,000
Do know how to follow instructions and work as a team
Answer:
Suppose that you run the central bank of Fredonia. If you were concerned that monetary surprises may destabilize the economy, you would use Active/Passive monetary policy. If you believed that unexpected monetary policy could stimulate the economy, you would use Active/Passive monetary policy.
Explanation:
An active monetary policy regularly considers the current economic situation and comes up with policies to regulate it. Many countries use an active monetary policy.
In the US, the Federal Reserve’s Federal Open Market Committee, the group of people in charge of deciding these policies, meet 8 times a year to decide on policies that stabilize the economy.
By contrast, Passive monetary policy uses a standard set of rules to regulate the economy. These rules do not change in response to a change in the economy. For example there may be a rule for a 2% increase in interest rates for every 2% increase in Aggregate Output.
Answer: Option A
Explanation: In simple words, a virtual organisation refers to a group of separate individuals or entities working for a common goal by coordinating their activities via any medium like E- mail or cell phones etc.
In the given case, all the four individuals are working for cutting clients cost and are operating through electronic mediums.
Hence from the above we can conclude that the correct option is A.
