Answer:
c. supply of bicycles will shift to the left.
Explanation:
If the minimum wage is increased, the cost of hiring labour increases and this increases the cost of production. The increase in the cost of production makes producers reduce supply in a bid to cut down cost.
A reduction in supply leads to a leftward shift of the supply curve.
I hope my answer helps you
Answer:
Bureaucratic organization
Explanation:
A bureaucratic organization operates with a high degree of formality. Under this type of organization, decisions are made through an organized process and there are policies and procedures for everything. All employees understand their responsibilities. Prince&Princess Clothing is a bureaucratic organization.
Answer:
A. Dr Vacation pay Expenses $15,700
Cr Vacation pay payable $15,700
B. Dr Pension Expense $13,440
Cr Cash $13,440
Explanation:
a. Preparation of the journal entry to record the vacation pay
Dr Vacation pay Expenses $15,700
Cr Vacation pay payable $15,700
(Being to record Vacation pay accrued for the period )
b. Preparation of the Journal entry to record pension benefit
Dr Pension Expense $13,440
Cr Cash $13,440
(8%*$168,000)
(Being to record pension Contribution)
The possession of a credit thin file is a liability and not an asset because its does not allows lender to access your credit worthiness which makes it hard to obtain loans or credit.
<h3>What is a credit scores?</h3>
A credit score serves an a finacial tool that helpt to tells about someone's creditworthiness.
Normally, the higher the credit score, the higher the rate of repayment of credit.
Hence, these credit score are used by lenders to decide whether to borrow, extend or deny credit for a borrower.
However, having a thin file is not considerd an asset in credit scores because its does not let us know the willing borrower's repayment history of credit.
Read more about credit scores
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