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3 years ago

For each of the following, journalize the necessary adjusting entry:

Business

1 answer:

Sergio [31]3 years ago

4 0

Answer:

A1) Salaries earned are $4,400 ($22,000 / 5) per day. So if the fiscal period ended on a Tuesday, the following records should be made:

Dr Salaries Expense 8,800
Cr Salaries Payable 8,800

A2) If the fiscal period ends on a Wednesday, the following records should be made:

Dr Salaries Expense 13,200
Cr Salaries Payable 13,200

B1) If the amount of insurance expired during the year is $5,300, the following record should be made:

Dr Insurance Expense 5,300

Cr Prepaid Insurance 5,300

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A Japanese investor can earn a 1 percent annual interest rate in Japan or about 4.1 percent per year in the United States. If th

Whitepunk [10]

Answer: 97.99

Explanation:

The one-year forward rate that an investor would be indifferent between the U.S. and Japanese investments will be:

= Spot rate × (1 + Japanese rate / 1 + U.S rate)

= 101 × (1 + 1% / 1 + 4.1%)

= 101 × [(1 + 0.01) / (1 + 0.041)]

= 101 × (1.01/1.041)

= 101 × 0.9702209

= 97.99

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2 years ago

Immigrant couples often abandon Breadwinner/Supportive Spouse strategies in favor of economic interdependence when they arrive i

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Answer:

they are adjusting to a new economic class

Explanation:

Economic interdependence refers to being dependent on your significant other to pull both of your economic resources together. Based on the information provided within the question it can be said that one of the main reasons for this is that they are adjusting to a new economic class . Moving to a new country requires sacrificing a lot and can be hard to find economic stability for a long time. Therefore couple both work and depend on each other economically.

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3 years ago

Hamilton believed that, together, his funding and assumption programs would A) gain the monetary and political support of the ri

ICE Princess25 [194]

Answer:

A) gain the monetary and political support of the rich for the federal government.

Explanation:

Hamilton theory was based on supporting the upper class of the citizens. This was to support government as the upper class would do business or great level, and that these citizens when will be given money for there business as debt to be paid back to government, will work harder and will help achieve the economy its targets.

This entire scheme/ strategy will help the federal government to gain success, and achieve a state of better financial viability in the entire economy.

With more opportunities and efforts the economy will better off automatically.

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2 years ago

For every decision you make, there is a trade off?

Ede4ka [16]

I’m confused about the question

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2 years ago

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American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota

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Answer:

Quota is preferred by the Chinese apparel manufacturers.

Explanation:

The reason is that the China has an competitive advantage of less costly workers and also that they are highly competitive in terms of prices. Usually the quality of American’s products are far much better in quality and technology. This means if the tariffs are imposed on Chinese products then their are huge revenue losses to Chinese apparel manufacturers. Whereas quota will enable them to sale their products to America which shows lower revenue losses.

So quota is far much better for Chinese manufacturer’s in case if America decides to use protectionist approach, I mean America decides to imposed trade barriers for Chinese companies to protect American companies.

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2 years ago

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