<u>Given:</u>
Wages payable at the beginning of the year = $1500
Wages payable at the end of the year = $5000
Salaries and wages expense as per the income statement = $112400
<u>To find:</u>
Cash paid for salaries and wages
<u>Solution:</u>
The calculation of the cash paid for salaries and wages is as follows,
Wages payable at the end of the year-Wages payable at the beginning of the year = 
Cash paid = 
Therefore, the cash paid for salaries and wages during the year is $1,08,900.
Wages and salaries are paid by the organization or management to the workers or the employees in return for the work done by them for the company.
Answer:
The decrease in spending will cause the aggregate demand curve to shift to the left.
Explanation:
The aggregate demand in an economy comprises of consumption spending, private investment, government purchases, and net exports. If the spending on the Afghanistan war is considered a government purchase, a decrease in this spending will cause the aggregate demand to decline.
This decline in aggregate demand will cause the aggregate demand curve to move to the left. This will cause the price level to decline.
Answer:
(a) 0.667 (b) The Lerner index helps in estimating of the market power of a firm. it measures the percentage markup that a firm is able to charge.
The conditions where this market power last in the long-run are; the pricing power, Factor mobility, Barrier to entry or exist.
Explanation:
Solution
Given that:
(A) The Lerner index is computed below:
Lerner index = (P-MC)/P
Thus,
($15-$5.00)/$15
=10/15
= 0.667
(B) The Lerner index assist in measuring of the market power of a firm. it measures the percentage markup that a firm is able to charge.
Index spans from a low value (0) to a higher value of (1)
When a firm has a higher value of index, it is able to charge over it;s marginal cost and thus has a greater monopoly power
Other conditions where market power last in the long run is as follows:
- The pricing power
- Factor mobility
- Barrier to entry or exist
Answer:
The correct answer is (D)
Explanation:
Alpha Testing is characterised as a kind of programming testing performed to recognise bugs before clearing the item to genuine clients or general society. It is a sort of acknowledgement testing. Phil is as of now dealing with the main period of alpha testing where the principal testing is finished by in-house designers.The goal is to perform the tasks that a typical user might execute.
Answer: All of the above
Explanation:
The options include:
a. Face-to-face
b. Telephone
c. Electronic mail
d. All of the above
Since the manager manager has a message for Bob, any of the communication channels given here can be used.
There is no preferred communication channel here. The manager may decided to tell Bob the message face to face when he sees him. Also, he can call him on the telephone or send an email to him.
Therefore, the correct option is All of the above.
