Assume that the weekly payroll of Make minus Upper U minus Glow Tanning Salon is $ 390. December 31, end of the year, falls on Tuesday, and Make minus Upper U minus Glow will pay its employee on Friday for the full week. What adjusting entry will Make minus Upper U minus Glow make on Tuesday, December 31? (Use five days as a full workweek.) Date Accounts and Explanation Debit Credit A. Salaries Expense 156 Salaries Payable 156 B. Salaries Payable 390 Salaries Expense 390 C. Salaries Expense 156 Cash 156 D. No adjustment is needed because the company will pay the payroll on Friday.

Which of the following statements is true? a. financial investment refers to the creation and expansion of business enterprisesb. economic investment refers to the creation and expansion of business enterprisesc. economic investment refers to the purchase of assets such as stocks, bonds, and real estated. both economic and financial investment refer to the purchase of assets such as stocks, bonds, and real estate

In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies.answers: management policies

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale