Answer:
b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
Explanation:
The expense shall be recognized in the accounts of Colleen's employer at September 30, in respect of the salary earned by Colleen Mooney for the last week of September.
The following adjusting entry shall be recorded in Colleen's employer accounts:
Debit Credit
Salaries and Wages Expense 400
Salaries and Wages Payable 400
Based on above journal entry, the answer shall be b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
Consumers often face a trade-ooff between Wants and Needs
Answer and Explanation:
1. At 0fficial exchange rate:
100 * 0.5 = $50
what I want to buy would be purchased at $50
at market exchange rate:
0.25 x 100 = $25
products bought from this place are not a good deal as I am paying more than the market exchange rate.
2. at equilibrium exchange rate:
100 x 0.25% = $25
the price is $25
3. from answers 1 and 2, I will not want demand Stan's rupees. the products are costly to get.
4. Stan's currency is obviously overvalued. the people from this country now has increased purchasing power so they can purchase goods in dollars, therefore they would be supplying their currency.
5. They will have to buy up the surplus of rupees so that they can easily keep up with maintaining the rupee at half a dollar.
Answer:
I believe it's...
A) Watching your favorite TV show on a Saturday evening.
and
F) Free riding on a group project.
Explanation:
Coordination problems are problems that result in multiple outcomes, so the one facing the problem(s) must act carefully.
Answer:
It is True that Bertrand and Mullainathan create fictitious housing applications in the article.
<u>Explanation:</u>
Yes, fictitious housing applications were created by Bertrand and Mullainathan. They were NBER Faculty research fellows. They experimented and send resumes with fictitious housing.
Bertrand and Mullainathan wanted to find discrimination against African-Americans. So they mention in their resumes fictitious details regarding housing like a wealthier neighborhood with the more white population. Such resumes received more calls as compared to resumes where the housing of African-Americans was not wealthier.