Why is the pass-through from changes in exchange rates to changes in the prices of products not one-for-one?
What will be an ideal response?
Answer: Imperfect pass-through ultimately reflects imperfections in the competitiveness of goods markets. If markets were perfectly competitive, pass-through would be full.
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Treasury stock is a company's own stock that has been reacquired and retired
a. true b. false
A company shows a balance in Salaries Payable of $38,000 at the end of the month. The next payroll amounting to $48,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries?
A. Debit Salaries Expense for 10,000, debit Salaries Payable for 38,000 and credit Cash for 48,000 B. debit Salaries Expense for 48,000 and credit Cash for 48,000 C. debit Salaries Expense for 10,000 and credit Cash for 10,000 D. debit Salaries Expenses for 48,000 and credit Salaries Payable for 48,000