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dedylja [7]
3 years ago
12

Hide or show questions Progress:10/40 items Roman Industries' plant operates five days per week with a daily payroll of $6,000.

Employees are paid every Saturday for the workweek just completed (Monday through Friday). The last day of the month is Wednesday, March 31. What is the amount of Wages Expense recorded on the next payday, Saturday, April 3
Business
1 answer:
Stels [109]3 years ago
4 0

Answer:

$12,000

Explanation:

Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3

Wages Expense =$6,000*2days

Wages Expense = $12,000

Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 will be $12,000

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Answer:

b. an increase in the capital stock, but not an increase in the price level.

Explanation:

In order to understand both short-run economic fluctuations and how the economy movement from short to long run, we need the aggregate supply and aggregate demand model.

An increase in the capital stock, but not an increase in the price level would shift the long-run aggregate supply curve right.

The long-run aggregate supply curve would shift rightward when immigration from foreign countries rises or technology improves.

When the price level rises, the wealth effect and the interest-rate effect provide incentives for consumers to spend less. The price level of goods and services in an economy influences the exchange rate, imports and exports

7 0
4 years ago
Four problems associated with money​
UNO [17]

Answer:

Hmm.

Explanation:

<em>Problems making ends meet</em>

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<em>Making poor purchasing and investing decisions. </em>

<em>Being unable to enjoy money.</em>

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<em>(Source; USATODAY.com)</em>

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3 0
3 years ago
A and b are substitute goods, but a and c are complementary goods. if the cost of producing a decreases, then the demand for
Scrat [10]
<span>A and b are substitute goods, but a and c are complementary goods. If the cost of producing a decreases, then the demand for B will decrease and the demand for C will increase. The demand changes due to price and substitutes. If something is a direct substitute of something else and the demand for the item is the same and one is cheaper, the demand for the cheaper, same item will remain constant. </span>
6 0
4 years ago
1 Think of a relevant example in your own life of how a change in the market including information, preferences, technology, pri
makkiz [27]

A relevant example in my own life of how a change in the market in terms of information, technology and others has shifted the demand of a good is when I and some others knew that one can work easily from home through the use of a laptop and as such, the demand for laptops became very high as well as affordable internet subscription plan.

<h3>What is shift in demand?</h3>

A shift in demand connote when at any given price, the quantity demanded of a product or services is said to be different than it was before then and as such, shift in demand can happen due to income increase.

Therefore, a relevant example in my own life of how a change in the market in terms of information, technology and others has shifted the demand of a good is when I and some others knew that one can work easily from home through the use of a laptop and as such, the demand for laptops became very high as well as affordable internet subscription plan.

Learn more about  shift in demand from

brainly.com/question/6345825

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8 0
2 years ago
Suppose the U.S. economy is initially at long run equilibrium, when there is an unexpected large increase in the price of steel
dimulka [17.4K]

Answer:

The price hike in the price of steel would cause an inflationary push in the U.S. economy, because steel is a input to the production processes of many firms.

In this scenario, the fed would lower the money supply in order to stop the inflationary push from continuing. To do so, the fed would sell government securities.

8 0
3 years ago
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