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Question - Alama Trucking operates 7 days a week and pays its employees on a weekly basis. On October 26 employees are paid for the week ending October 26, while on November 2 they are paid for the week ending November 2. Alama Trucking's salary and wages expense for the week ending October 26 was $105,651.00. The accounting month-end for October is October 31.
How much will Alama Trucking accrue for salaries and wages for the last week of October in the October accounting period in order to accurately reflect these costs for the month.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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