A Company Pays Wages Every Two Weeks

question 83

Multiple Choice

A company pays wages every two weeks.Wages amount to $100 a day.On March 31,the company pays wages for the two weeks ending March 24.At the end of the month,the related adjusting journal entry will include a

• A)debit to Retained Earnings for $700 and a credit to Cash for $700.
• B)debit to Wage Expense for $700 and a credit to Wages Payable for $700.
• C)debit to Wages Payable for $700 and a credit to Cash for $700.
• D)debit to Retained Earnings for $700 and a credit to Wages Payable for $700.

Understand the environmental impacts of industrial and technological activities.

Identify the role of significant scientific discoveries and inventions in shaping modern society.

Acknowledge the tension between technological progress and environmental sustainability.

Recognize the influence of corporations and governments on technological development.

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Definitions:

Elastic Demand

A situation where the quantity demanded of a product is highly sensitive to changes in its price.

Price Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in its price.

Golf Courses

Large areas of land designed for the sport of golf, featuring 9 or 18 holes where players aim to hit balls into each hole with the fewest number of strokes.

Movie Theaters

Entities or venues that specialize in the commercial showing of films to the public for entertainment.