Answers
A nominal partner is one who allows the use of his / her name by a firm but does not contribute to its capital.
What affects nominal income?Nominal income growth adjusts immediately by the amount of increase in the money growth rate. Given an unchanged potential rate of growth of output, the long-run inflation rate will also rise in step with the higher money supply growth rate.Real income is simply the amount of money an individual has after adjusting for inflation. It is the buying power of the amount of money an individual has. It is also called real wage. It is calculated by dividing nominal income by price level.Real income = Nominal income/Price levelReal income indicates the well being of an individual or entity better than nominal income as it gives the real measure of the amount of goods and services that can be purchased with the income.National income is referred to as the total monetary value of all services and goods that are produced by a nation during a period of time. In other words, it is the sum of all the factor income that is generated during a production year. National income serves as an indicator of the nation's economic activity.
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Related Questions
10. Ahron Company makes 8,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: An outside supplier has offered to sell the company all of the units it needs. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $161,600 per year. If the part were purchased from the outside supplier, $7.50 of the fixed manufacturing overhead cost being applied to the part would be eliminated. What is the maximum amount the company should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying all 8,000 units required each year
Answers
Answer:
$62
Explanation:
The computation of the maximum amount that should be willing to pay per unit is as follows:
The Relevant costs for decision making is
= Avoidable Costs + Opportunity Costs
where,
Total Avoidable Cost = Total Units Needed × ( Direct Materials + Direct Labor + Variable Manufacturing Overhead + Avoidable Fixed Manufacturing Overhead )
= 8,000 × ($14.90 + $17.50 + $1.90 + $7.50)
= $334,400.
And, the Total Opportunity Costs of Making is $161,600.
Now
Total Relevant Costs is
= $334,400 + $161,600
= $496,000.
So, the maximum per unit would be
= $496,000 ÷ 8,000
= $62
On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?
Answers
The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14
How to find the gain recognized?First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land
= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500
= 109, 500 / 255, 500
= 42. 857 %
The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021
= 42. 857 % x $ 65, 000
= $27, 857 . 14
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Which qualities do security guards need?
Answers
Security guards need a variety of qualities to be effective in their roles. Some of the most important qualities include:
Alertness: Security guards must be vigilant and alert at all times, constantly scanning their surroundings for potential security threats.
Attention to detail: They need to pay attention to details such as suspicious behavior, unusual noises, and anything out of the ordinary that could be a security risk.
Physical fitness: Security guards may need to be able to physically intervene in situations, so they should be in good physical shape and able to handle potentially dangerous situations.
Good communication skills: They need to be able to communicate clearly and effectively with colleagues and the public, including de-escalating confrontations and providing clear instructions in emergency situations.
Professionalism: Security guards must be professional in their demeanor and appearance, as they are often the first point of contact for visitors to a facility.
Problem-solving skills: They must be able to think quickly and creatively to solve problems that arise, such as determining the best way to handle an emergency situation.
Honesty and integrity: Security guards must be trustworthy and honest, as they are responsible for protecting valuable assets and property.
Overall, security guards need to be alert, detail-oriented, physically fit, good communicators, professional, problem solvers, and possess honesty and integrity to be effective in their roles.
The Card Shoppe needs to maintain 21 percent of its sales in net working capital. Currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. What amount should be included in the project analysis for net working capital in Year 4 of the project
Answers
Answer:
$13,650
Explanation:
The computation of net working capital recovery is shown below:-
Net working capital recovery = (Sales in the 4th year of the project - Sales before the project) × Sales percentage
= ($414,000 - $349,000) × 21%
= ($414,000 - $349,000) × 0.21
= $65,000 × 0.21
= $13,650
Therefore for computing the net working capital recovery we simply applied the above formula.
A stadium is considering an offer from Mass Insurance to change the name to Mass Stadium. The company is offering to pay $1,000,000 per year. If the stadium already receives $250,000 from music promotions and accepts this offer, how much will it receive in sponsorship rights each year in total?
Answers
Answer:
b) 1,250,000
Explanation:
1,000,000+ 250,000 = 1,250,000
According to the company data, it will receive in sponsorship rights each year in total is $ 1,250,000.
What do you mean by the sponsorship?The act of monetarily or by the giving of goods or services supporting an occasion, activity, person, or organization is known as sponsoring something (or someone). The sponsor is the person or entity that offers the support; it functions similarly to a benefactor.
An organization sponsors an event when it offers financial support in exchange for marketing benefits. Sponsorships may involve a financial payment in exchange for property or a barter transaction including goods or services.
A brand or affiliation with a firm is promoted in exchange for corporate financial assistance from an organization, person, or activity, which is known as sponsorship. Of sure, sponsorship can raise your brand's value.
Here,
Company pay = $ 1,000,000
Advance amount = $ 250,000
Total sponsorship = $ 1,000,000 + $ 250,000 = $ 1,250,000
Therefore, according to the company data, it will receive in sponsorship rights each year in total is $ 1,250,000.
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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What is the collection of direct, non-advertising messages a company presents to the public about itself, its brand, and its products? A. Sales promotions B. Market research C. Direct marketing D. Public relations Please select the best answer from the choices provided A B C D
Answers
Answer:
Is a D. Public relations
Piedmont Company purchased merchandise on account from a supplier for $45000, terms 1/10, n/30. Piedmont Company returned $7000 of the merchandise and received full credit.If Piedmont Company pays the invoice within the discount period, what is the amount of cash required for the payment
Answers
Answer:
$33,500
Explanation:
The Cash Required for Payment to Supplier is The Purchases Price less Credit Allowance and Cash Discount granted since Piedmont Company pays the invoice within the discount period.
If Piedmont Company had paid invoice out of the discount period we would only deduct the Credit Allowance from the Purchase Price.
Cash Required for Payment Calculation :
Purchase Price $45,000
Less Credit Allowance ($7,000)
Less Cash Discount $45,000 x 10% ($4,500)
Cash Required for Payment $33,500
What is the 4 MAJOR
ELEMENTS OF A TORT
What is 4 major elements of a tort
What is the 4 major elements of a tort
Answers
Answer:
- The presence of a duty. We all have a duty to take steps to prevent injury from occurring to other people.
- The breach of a duty. The defendant must have failed to live up to his duty to prevent injury from occurring to you.
- An injury. You were injured.
- The injury resulted from the breach.
Explanation:
Hope this helps.
A contingent liability is:
Answers
Answer:
In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit.
Explanation:
These liabilities are not recorded in a company's accounts and shown in a type of balance sheet when both probable and reasonably estimable as 'contingency' or 'worst case' financial outcome. The likelihood of loss is described as probable, reasonably possible, or remote. The ability to estimate a loss is described as known, reasonably estimable, or not reasonably estimable. It may or may not occur.
Hope this helps!!!
What is the general relationship between risk and return?
Answers
The future gain or loss of income from a capital investment is referred to by what term
Answers
The future gain or loss of income from a capital investment is referred to as the "return on investment" (ROI). It is a measure of the profitability of an investment and is typically expressed as a percentage of the initial investment. ROI takes into account both the amount of money gained or lost and the time frame over which the investment was held. A positive ROI indicates that the investment generated more money than was initially invested, while a negative ROI indicates that the investment lost money. ROI is an important metric used in finance and investment analysis to evaluate the success of an investment and to compare different investment opportunities.
Item 17 A certain cell phone plan charges a fee of $1 for each international call made plus $0. 02 for each second of talk time for the international call. A business owner tracked the time and cost for each of the calls made by the employees when they traveled internationally for business. What is the appropriate value of the correlation between time and cost for the international calls?
Answers
The appropriate value of the correlation between time and cost for the international calls is 1.
Explanation:
The correlation coefficient (r) measures the strength and direction of the linear relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation, 1 indicates a perfect positive correlation, and 0 indicates no correlation.
In this case, the cost of an international call is directly proportional to the time of the call. This means that as the time of the call increases, the cost also increases at a constant rate. Therefore, the correlation between time and cost for the international calls is 1, indicating a perfect positive correlation.
Here's the formula for the cost of an international call:
Cost = $1 + ($0.02 × time)
The $1 is a fixed fee for each call, and the $0.02 is the rate for each second of talk time. So, for each additional second of talk time, the cost increases by $0.02. This shows a direct relationship between time and cost, resulting in a correlation of 1.
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(214) 1. Distinguish between technical efficiency and allocative efficiency. Use the two concepts of efficiency to compare a perfect market structure with a monopoly.
Answers
Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.
Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.
When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.
In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.
Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.
Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.
The production of 0d submarines and 0a hospitals..
A) Increases the available resources
b) is productively efficient given the available resources
c) is productively impossible given the available resources
d) is productively ineffient given the available resources.
Answers
The production of 0d submarines and 0a hospitals is productively in effient given the available resources. The answer is OPTION D.
When a company isn't producing at its lowest possible cost per unit, it exhibits inefficient production. The average cost of production, or unit cost, is calculated by dividing all production costs by the quantity of units produced. An economy might produce a lot of boots with low manufacturing costs.
If they were all for the left foot, it would be allocatively inefficient because no one would profit from this. When a different resource allocation may boost output of any good by even one unit while maintaining the same level of other products, that resource allocation may be deemed inefficient.
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Which of the following is NOT a typical characteristic of a Minstrel
A. wandering, versatile entertainers
B. sometimes members f aristocracy and royalty
C. musicians of the fringe society
D. descriptive accounts; music not notated
Answers
Answer:
B
Explanation:
A parking lot charges $2 per hour for the first 4 hours, then $3 per hour after that. Which equation(s) describes the total cost y as a function of the hours x?
Answers
Answer:
there are no options but i would say it’s probably close to y= 8 + 3x
is the creation of real or perceived differences in goods or services.
Answers
Answer:product differentiation
Explanation:
If I had invested in Auto Zone in January, 1998, when the market quote was 30.25, 100 shares would have cost me ______________. If there was a commission fee back then of $75, the total cost of this investment would have been _______________.
Answers
Answer:
if I had invested in Auto Zone in January, 1998, when the market quote was 30.25, 100 shares would have cost me $3,025. If there was a commission fee back then of $75, the total cost of this investment would have been $3,100
Explanation:
In January , 1998. the quote per share was $30.25
The cost for 100 shares will be
=$30.25 x 100
=$3,025
Total cost including commision
=$3,025 + 75
=$3,100
Which best describes how consumers may benefit from specialization?
Consumers can only purchase high-quality goods.
Consumers have more price options.
O Consumers receive more sale offers.
O Consumers find products at lower prices.
Answers
In specialization a company have produced the product at different price levels. Consumers have more price options.
What is consumer?A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.
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Digital marketing Company in pune
Answers
Brainmine It has more than 50 highly qualified designers and provides its services globally. The top digital marketing agency in Pune has been named as Brainmine. Branding, SEO, SMO, PPC, PR, Web design, and other end-to-end services are provided by an award-winning digital marketing firm in India to help businesses develop.
Digital marketing, often known as online marketing, is the promotion of companies utilizing the internet and other digital communication channels to reach potential clients.
As a marketing channel, this encompasses text and multimedia messaging in addition to email, social media, and web-based advertising.
Digital marketing, a subset of marketing provided , is the practice of promoting goods and services using the Internet and other online-based digital technologies including desktop and mobile devices.
The way brands and companies utilize technology for marketing has altered as a result of its growth in the 1990s and 2000s.
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your question is probably incomplete the correct question is
Which is the no 1 Digital marketing Company in pune ?
Which of the following statements is true about an accounting code of
ethics?
A. It defines professional conduct in the accounting industry.
B. It is always one hundred pages long at the very least.
C. It covers five categories of general accounting principles.
D. It covers the responsibilities that clients have to their accountants
Answers
The statement about an accounting code of ethics is it defines the professional conduct in the accounting industry. Hence, the correct option is A.
What is accounting?Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic organization such as businesses and corporations.
Professionalism in accounting require adhering to national and international accounting standards, such as Generally Accepted Accounting Principles, or GAAP, in the United States of America and standards set by the International Accounting Standards Board, or IASB.
The principle of professional behavior force an obligation on professional accountants to observe with relevant laws and regulations and avoid any action that may bring discredit to the profession.
Therefore, the statement about an accounting code of ethics is it defines the professional conduct in the accounting industry. Hence, the correct option is A.
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The following is an extract of Webee Ltd.’s balance sheet. What is its current ratio?
Particulars $
Cash 5,000
Accounts Receivable 5,000
Inventory 10,000
Prepayments 4,000
Long term Assets 100,000
Accounts Payable 2,000
Notes payable within 10 months 2,000
Wages Payable 4,000
Long term Liabilities 16,000
Stockholder's Equity 100,000
a. 2:1
b. 3:1
c. 6:1
d. 4:1
Answers
The current ratio of Webee Ltd is b. 3:1.The current ratio of Webee Ltd can be calculated by dividing its current assets by its current liabilities. Given that we have the company's balance sheet, we can easily find the current ratio.
Current assets are: Cash + Accounts Receivable + Inventory + Prepayments = $5,000 + $5,000 + $10,000 + $4,000 = $24,000Current liabilities are:
Accounts Payable + Notes payable within 10 months + Wages Payable = $2,000 + $2,000 + $4,000 = $8,000Now that we have both figures, we can calculate the current ratio as follows:
Current Ratio = Current Assets / Current Liabilities = $24,000 / $8,000 = 3:1.Therefore, the current ratio of Webee Ltd is b. 3:1.
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e United States and China each produce steel and toys.
The following are the production possibility schedules for each nation.
Answer the questions below based on the PPF schedules.
China
A
B
C
D
E
Steel
8
6
4
2
0
Toys
0
10
20
30
40
United States
A
B
C
D
E
Steel
16
12
8
4
0
Toys
0
12
24
36
48
Which country has absolute advantage in the production of steel?
Which country has absolute advantage in the production of toys?
Which country has comparative advantage in the production of toys?
Which country has comparative advantage in the production of steel?
If the two countries specialize and trade with each other, which country will import steel?
Answers
The purpose of all auditing procedures is to gather sufficient appropriate evidence for an auditor to form an opinion regarding the financial statements taken as a whole. In the table below, identify and describe means or techniques of gathering audit evidence used to evaluate a client's inventory balance.
Answers
Auditing procedures for evaluating a client's inventory balance typically involve the following techniques: Physical inventory observation, Inspection of documents, Confirmation with third parties, Analytical procedures and Test counts and cut-off testing.
1. Physical inventory observation: The auditor physically counts the inventory items to verify the existence and condition of the items, ensuring the reported quantities match with the actual items in stock.
2. Inspection of documents: The auditor reviews relevant documentation, such as purchase orders, invoices, and shipping records, to verify the accuracy of the inventory records.
3. Confirmation with third parties: If the client's inventory is held by third parties, such as warehouses, the auditor may request confirmations from these parties to verify the inventory's existence and quantity.
4. Analytical procedures: The auditor may analyze financial data related to inventory, such as inventory turnover ratios and gross profit margins, to identify any discrepancies or unusual trends that could indicate misstatement or mismanagement of inventory.
5. Test counts and cut-off testing: The auditor selects a sample of inventory items and performs test counts to ensure the accuracy of the client's inventory records. Cut-off testing involves verifying that transactions occurring near the end of the accounting period are recorded in the correct period. By utilizing these auditing techniques, auditors can gather sufficient appropriate evidence to form an opinion regarding the client's inventory balance in their financial statements.
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i'll give brainliest!!! Which descriptions offer examples of Governance workers? Check all that apply.
Tia writes and votes on federal legislation.
Herman prepares and oversees responses to earthquakes.
Isaiah performs basic office tasks for a court of law.
Willis makes sure that people and businesses pay their taxes.
Valerie analyzes public opinions and voting results.
Chong maintains weapons and armored vehicles for the US Army.
Answers
Answer:
A, B, and E
Explanation:
Answer:
A,B,E
Explanation:
on edg 2020 your welcome luv<3
UNEVEN CASH FLOW STREAM
Find the present values of the following cash flow streams at an 8% discount rate. Round your answers to the nearest cent.
0 1 2 3 4 5
Stream A $0 $100 $400 $400 $400 $300
Stream B $0 $300 $400 $400 $400 $100
Stream A $
Stream B $
What are the PVs of the streams at 0%, compounded annually?Stream A $ Stream B $
Answers
Answer:
Present Value
Stream A $1,251.247
Stream B $1,300.316
Explanation:
The present value of a future sum is the amount that would be invested today at the prevailing interest rate to have the sum
Stream A
(100 × 1.08^9-1) + (400× 1.08^-2) + (400× 1.08^-3) + (400× 1.08^-4) + (300× 1.08^-5) = $1,251.247
Stream B
(300 × 1.08^9-1) + (400× 1.08^-2) + (400× 1.08^-3) + (400× 1.08^-4) + (100× 1.08^-5) = $1,300.316
Present Value
Stream A $1,251.247
Stream B $1,300.316
Aracel Engineering completed the following transactions in the month of June. Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $7,400, and $75,000 of drafting equipment to launch the company. The company purchased land worth $52,000 for an office by paying $8,200 cash and signing a long-term note payable for $43,800. The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b. The company paid $4,000 cash for the premium on an 18-month insurance policy. The company completed and delivered a set of plans for a client and collected $8,600 cash. The company purchased $21,000 of additional drafting equipment by paying $11,700 cash and signing a long-term note payable for $9,300. The company completed $13,500 of engineering services for a client. This amount is to be received in 30 days. The company purchased $1,950 of additional office equipment on credit. The company completed engineering services for $24,000 on credit. The company received a bill for rent of equipment that was used on a recently completed job. The $1,481 rent cost must be paid within 30 days. The company collected $9,000 cash in partial payment from the client described in transaction g. The company paid $1,800 cash for wages to a drafting assistant. The company paid $1,950 cash to settle the account payable created in transaction h. The company paid $1,000 cash for minor maintenance of its drafting equipment. Jenna Aracel withdrew $10,710 cash from the company for personal use. The company paid $2,200 cash for wages to a drafting assistant. The company paid $2,900 cash for advertisements on the Web during June.
Answers
The preparation of the general journal entries for Aracel Engineering in June is as follows:
General Journal:Account Titles (Code) Debit CreditCash (101) $200,000
Office Equipment (163) $7,400
Drafting Equipment (164) $75,000
J. Aracel, Capital (301) $282,400
To record the owner's investment in the company.Land (172) $52,000
Cash (101) $8,200
Notes Payable (250) $43,800
To record the purchase of land.Building (170) $57,000
Cash (101) $57,000
To record the purchasing of the building for cash.Prepaid Insurance (108) $4,000
Cash (101) $4,000
To record prepayment for insurance.Cash (101) $8,600
Engineering Fees Earned (402) $8,600
To record engineering fees earned.Drafting Equipment (164) $21,000
Cash (101) $11,700
Notes Payable (250) $9,300
To record the purchase of drafting equipment.Accounts Receivable (106) $13,500
Engineering Fees Earned (402) $13,500
To record engineering services rendered on account.Office Equipment (163) $1,950
Accounts Payable (201) $1,950
To record the purchase of office equipment.Accounts Receivable (106) $24,000
Engineering Fees Earned (402) $24,000
To record engineering services rendered on account.Equipment Rental
Expense (602) $1,481
Accounts Payable (201) $1,481
To record the accrued rental expenses.Wages Expense (601) $1,800
Cash (101) $1,800
To record the payment of wages.Accounts Payable (201) $1,950
Cash (101) $1,950
To record payment on account.Repairs Expense (604) $1,000
Cash (101) $1,000
To record payment for minor equipment repairs.J. Aracel, Withdrawals (302) $10,710
Cash (101) $10,710
To record the withdrawal of cash by the owner.Wages Expense (601) $2,200
Cash (101) $2,200
To record the payment of wages.Advertising Expense (603) $2,900
Cash (101) $2,900
To record the payment for advertising expenses.Transaction Analysis:Cash (101) $200,000 Office Equipment (163) $7,400 Drafting Equipment (164) $75,000 J. Aracel, Capital (301) $282,400
Land (172) $52,000 Cash (101) $8,200 Notes Payable (250) $43,800
Building (170) $57,000 Cash (101) $57,000
Prepaid Insurance (108) $4,000 Cash (101) $4,000
Cash (101) $8,600 Engineering Fees Earned (402) $8,600
Drafting Equipment (164) $21,000 Cash (101) $11,700 Notes Payable (250) $9,300
Accounts Receivable (106) $13,500 Engineering Fees Earned (402) $13,500
Office Equipment (163) $1,950 Accounts Payable (201) $1,950
Accounts Receivable (106) $24,000 Engineering Fees Earned (402) $24,000
Equipment Rental Expense (602) $1,481 Accounts Payable (201) $1,481
Wages Expense (601) $1,800 Cash (101) $1,800
Accounts Payable (201) $1,950 Cash (101) $1,950
Repairs Expense (604) $1,000 Cash (101) $1,000
J. Aracel, Withdrawals (302) $10,710 Cash (101) $10,710
Wages Expense (601) $2,200 Cash (101) $2,200
Advertising Expense (603) $2,900 Cash (101) $2,900
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Question Completion:Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604).
The rate of unemployment when the economy is not in recession, meaning it is producing full-potential GDP, is called the natural rate of unemployment (u*). If the rate of unemployment is below this, the economy is experiencing BLANK cyclical unemployment.
Fill in the Blank:
Negative or Positive?
Answers
Answer:negative
Explanation:
I just got it right
describe the cycle that dictates the economic ups and down of the hotel industry
Answers
The terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
Business cycle refers to the cyclical upswings and downswings of a business in its output, employment, income, sales etc
The 4 stages of business cycle includes:
expansionpeakcontractiontrough/recession.In conclusion, the terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
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