The adjusting journal entry for accrued salaries at year-end:
To record the accrued salaries at year-end, Salaries Expense account is debited and Salaries Payable account is credited with the amount of accrued salaries. The adjusting journal entry for accrued salaries at year-end that amounted to $1,000 shall be as follows:
Salaries Expense Debit $1,000
Salaries Payable Credit $1,000
Answer:
A. position power
Explanation:
The person working in the company or organisation , having high position power , plays a very important role .
As the person has got the right to recruit any employees , depending to his or her abilities ,
The person can reward as well as punish the for any good or faulty performance .
Hence , from the given scenario of the question ,
The correct option is A. position power .
Answer: The quantity of labor increases, and the effect on the wage rate is indeterminate.
Explanation:
The supply of people who can make bicycles has increased at the same time the demand for bicycles has increased. The supply curve would therefore shift to the right and so would the demand curve for labor. They will intersect at a new point where the quantity of labor has now increased.
Unfortunately, the effect on the wag rate would be indeterminate because the wage rate might just stay the same on account of the supply increasing along with the demand instead of either of them increasing unilaterally. When tis happens, the change is said to be indeterminate.
Answer:
B) issue a complaint stating that the business is in violation of the law.
Explanation:
The Robinson-Patman Act prohibits seller from practicing price discrimination, that means that they sell their products to different buyers at different prices. This law applies only to the sale of goods, and the goods sold to the different buyers must be similar and the buyers must also be in similar conditions. E.g. it is not illegal to sell at different prices if one buyer is located next to the factory while the other is located 3,000 miles away, in this case the cost of transportation accounts for the difference in price.
Also, price discrimination must result in injury to the buyer, which means that there business is being harmed because their direct competitors receive the product at a lower price. E.g. if a seller charges Walmart a lower price than it charges Target, Target will be forced to sell at a higher price which may result in lower sales.
Finally, since this is a federal law, it generally applies to interstate commerce. Domestic commerce is covered by state laws and state entities.
