An Employee of Macro

question 3

Multiple Choice

An employee of Macro.com Corporation is paid $5,000 a month, which she spends regularly throughout the month until she has a zero balance in her checking account at the end of the month.If the corporation changes to a semimonthly payroll schedule, how will the employee's average cash balance change? Assume she does not change her spending pattern when she is now paid twice a month.

• A)It changes from $5,000 to $2,500 per month.
• B)It changes from $2,500 to $1,250 per month.
• C)It changes from $1,250 to $625 per month.
• D)It changes from $500 to $250 per month.

---

Definitions:

The Who Concert

Specifically refers to any live performance by the legendary rock band The Who.

Love Parade

An electronic dance music festival and techno parade that originated in Berlin, Germany, in 1989 and was characterized by large crowds and a celebration of peace, love, and unity.

Collective Behavior

The actions, thoughts, and feelings of a group of people in situations where conventional rules of conduct are perceived to be less applicable.

Convergence Theory

A theory suggesting that collective action and group behavior emerge from individuals' converging towards a common viewpoint or action, driven by a shared interest or goal.