A new accountant working for Metcalf Company records $800 Depreciation Expense on store equipment as follows:

In a labor market comprising many firms hiring many workers with identical skills, which of the following is correct?

serg [7]

Answer:

Individual firms and workers are wage takers because they cannot exert any control over the market wage rate.

Explanation:

Remember, a labor market shows the availability of employment and labor, in terms of their supply and demand.

This scenario occurs in a purely competitive labor market.

In this market there many qualified workers with identical skills; meaning the workers share similar skills while the demand for such skills is high because of their importance to firms.

4 0

3 years ago

Which of the following securities could NOT have any benefits for diversification with your investment portfolio? a.Treasury bil

Lesechka [4]

Answer:

d.All of these choices would reduce risk for your portfolio and therefore show at least some benefit to diversification

Explanation:

Which of the following securities could NOT have any benefits for diversification with your investment portfolio? All of these choices would reduce risk for your portfolio and therefore show at least some benefit to diversification

4 0

3 years ago

Problems with (or leakages from) the money creation process would include an increase in the reserve requirement. unwillingness

mart [117]

Answer:

The correct answer is unwillingness of borrowers to obtain loans from banks to invest in factories or expansion of the firm.

Explanation:

Solution

<em>Given that:</em>

Leakage problem occurs or happens within an economy when the money goes out of the economy, which leads to a loss in the economic value of goods and services, and also leads to loss in profits making.

This would lead to an unwillingness of borrower's to obtain loans from banks in the expansion of the firm or to invest in factories.

4 0

2 years ago

On January 1, 2018, Red Flash Photography had the following balances: Cash, $21,000; Supplies, $8,900; Land, $69,000; Deferred R

Nutka1998 [239]

Answer:

See explanation

Explanation:

Red Flash Photography

Journal Entries

1. Debit Cash $29,000

Credit Common Stock $29,000

(issuing common stock for cash that will increase the cash)

2. Debit Cash $44,000

Debit Accounts Receivable $39,000

Credit Service Revenue $83,000

(Provided services on account and cash)

3. Debit Salaries expense $32,000

Credit Cash $32,000

(Paid salaries to workers)

4. Debit Prepaid Rent $21,000

Credit Cash $21,000

(Paid rent in advance for cash)

5. Debit Supplies $31,000

Credit Accounts payable $31,000

(Purchase supplies on account means liability will increase)

6. Debit Dividends $2,900

Credit Cash $2,900

(Paid cash dividends to the shareholders)

7 0

3 years ago

A tragic flaw in a character is cause by

suter [353]

Tragic flaw is a literary device that can be defined as a trait in a character leading to his downfall, and the character is often the hero of the literary piece. This trait could be the lack of self-knowledge, lack of judgment, and often it is hubris (pride).

3 0

3 years ago