The equilibrium interest rate is approximately 19.5%. If the overall money supply increases to $300 billion, the new equilibrium interest rate would be approximately 18.5%.
a. The demand for central bank money can be calculated by using the equation M = $Y(0.8 - 4i), where M represents the demand for money, Y represents nominal income, and i represents the interest rate.
Given that nominal income Y is $5 trillion, we can substitute this value into the equation:
M = $5 trillion * (0.8 - 4i)
b. To find the equilibrium interest rate, we set the demand for central bank money equal to the supply of central bank money. In this case, the supply of central bank money is given as the monetary base, which is $100 billion.
Equating the demand for central bank money to the supply, we have:
$5 trillion * (0.8 - 4i) = $100 billion
Simplifying the equation, we divide both sides by $5 trillion:
0.8 - 4i = $100 billion / $5 trillion
0.8 - 4i = 0.02
Now, solve for i:
-4i = 0.02 - 0.8
-4i = -0.78
i = (-0.78) / (-4)
i ≈ 0.195 or approximately 19.5%
c. The overall supply of money is the sum of the monetary base and the amount of money created through the money multiplier. The money multiplier is the inverse of the reserve ratio, which is given as 0.1.
Overall supply of money = Monetary base * Money multiplier
Money multiplier = 1 / Reserve ratio = 1 / 0.1 = 10
Overall supply of money = $100 billion * 10 = $1 trillion
To determine if the overall supply of money is equal to the overall demand for money at the interest rate found in (b), we substitute the interest rate i = 0.195 into the demand equation M = $Y(0.8 - 4i) and compare it to the overall supply of money.
Overall demand for money = $5 trillion * (0.8 - 4 * 0.195)
Overall demand for money ≈ $2.92 trillion
Since the overall supply of money ($1 trillion) is less than the overall demand for money ($2.92 trillion), there is a money shortage.
d. If central bank money is increased to $300 billion, the new overall supply of money would be:
New overall supply of money = $300 billion * 10 = $3 trillion
e. If the overall money supply increases to $300 billion, we can use the same equation as in part (c) to find the new equilibrium interest rate. We substitute the new overall supply of money into the demand equation and solve for i.
New overall demand for money = $5 trillion * (0.8 - 4 * i)
$300 billion = $5 trillion * (0.8 - 4 * i)
Simplifying the equation and solving for i:
0.06 = 0.8 - 4 * i
4 * i = 0.8 - 0.06
4 * i = 0.74
i = 0.74 / 4
i ≈ 0.185 or approximately 18.5%
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Cowboy Company's sales employees earn a total of $60,000 per month and are paid on the last working day of the month. Each employee's wages are subject to FICA Social Security taxes of 6.2% and Medicare taxes of 1.45% on all wages. Withholding for each employee also includes federal income tax of 12% and monthly medical insurance premiums of $3,300 for the employees. The employer payroll taxes for Cowboy Company include FICA taxes, federal unemployment taxes of 0.6% of the first $7,000 paid each employee, and state unemployment taxes of 5.4% of the first $7,000 paid to each employee. Prepare the journal entry to record the employer's payroll taxes at January 31 for Cowboy Company. (Assume that none of the employees have reached the unemployment limit of $7,000.) Prepare the journal entry to record the employer's payroll taxes at January 31 for Cowboy Company. (Assume that none of the employees have reached the unemployment limit of $7,000.)
The journal entry to record the employer's payroll taxes at January 31 for Cowboy Company is given below.
How to depict the journal entryDate: January 31, 2023
Record the FICA Social Security taxes:
Debit: Payroll tax expense (an expense account)
Credit: FICA Social Security taxes payable (a liability account)
Record the Medicare taxes:
Debit: Payroll tax expense (an expense account)
Credit: Medicare taxes payable (a liability account)
Record the federal unemployment taxes:
Debit: Payroll tax expense (an expense account)
Credit: Federal unemployment taxes payable (a liability account)
Record the state unemployment taxes:
Debit: Payroll tax expense (an expense account)
Credit: State unemployment taxes payable (a liability account)
Once you have the specific amounts for each tax, you can determine the debit and credit values for the journal entries.
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Can someone please help me!
Answer:
The awnser is the Nature of Business
Answer:
nature of business that's
3.6.2 Teut (COT): The Pret la foi
Question 1 of 25
2 Points
Which of the following has the lowest housing prices and the smallest
population density?
O A. Inner-city neighborhoods
B. Rural areas
O C. Suburban developments
O D. High-rise apartments
The correct answer is B. Rural areas
Explanation:
High population densities, as well as high housing prices, are mainly found in cities or nearby areas as most jobs and industries are located in these areas. This increases not only the number of people that live in these zones but also the price of housing as the prices of properties are higher due to a higher demand. This means, zones such as inner-city neighborhoods, suburbs, and similar are highly populated and the house prices are high.
On the other hand, nowadays rural areas have a small population density because most people are not interested in living in rural areas as it would take more time to get to cities where jobs and major industries are. Similarly, the housing prices are lower because the demand or number of people interested in buying properties is lower, which makes general housing prices lower.
1) Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December and posted to the company’s ledger accounts:
5) Purchased $500 of supplies on account to be used in January
1.1) Acquired $3,800 cash from the issue of common stock to its stockholders
2.2) Provided services on account for $3,300
3.3) Paid $1,900 cash for land
4.4) Owed $1,400 of salaries expenses to employees for work done in December that will be paid during January
5.6) Collected $1,700 from customers
What is the total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1?
A) $6,900
B) $9,000
C) $5,200
D) $3,500
The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000
Nelson Company Adjusted trial balance at December 31, Year 1
Debit side
Cash $3,600
($3,800+$1,700-$1,900)
Account Receiveble $1,600
($3,300-$1,700)
Supplies $500
Land $1,900
Salaries expenses $1,400
Total debit balance $9,000
Credit side
Account payable $500
Salaries payable $1,400
Common stock $3,800
Service revenue $3,300
Total Credit balance $9,000
Inconclusion The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000
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Outline ways in which the productivity of land can be improved
getting better rest, meditation, exercise, hydration, mental focus exercises like military box breathing, and good nutrition just to name a few. it depends on the caause of lack of productivity.
if you cant focus well, a fidget toy may help. if your sluggish, better rest may help. and if your depressed meditation may help. i hope THIS helped!
When a company declares a small stock dividend and the stock is trading at a price above par, the declaration will increase:__________ A. total liabilities. B stockholders' equity. C. the number of shares outstanding does increase. D. paid-in capital does increase.
When a company declares a small stock dividend and the stock is trading at a price above par, the declaration will increase stockholders' equity.
This is because a stock dividend is essentially a distribution of additional shares of the company's stock to its shareholders. The number of shares outstanding does increase, but this does not directly affect either total liabilities or paid-in capital. The increase in stockholders' equity occurs because the company is essentially taking some of its retained earnings (which are part of stockholders' equity) and using them to issue additional shares of stock. The stockholders' equity account is therefore increased by the amount of the distribution.
It's worth noting that the increase in stockholders' equity resulting from a stock dividend is not the same as an increase in retained earnings resulting from a cash dividend. When a cash dividend is paid, the retained earnings account is reduced by the amount of the distribution, while the cash account (an asset account) is reduced by the same amount. In the case of a stock dividend, however, there is no change in cash; the retained earnings account is simply reduced and the stockholders' equity account is increased.
In summary, the declaration of a small stock dividend when the stock is trading above par will increase stockholders' equity, but will not directly affect total liabilities or paid-in capital.
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which of the following is not a reason to use the simplified format for your business message? group of answer choices you do not know the name of the person that will be reading your message. the message is going to a group of people you want to emphasize the name of the person receiving the message.
The simplified format for a business message is designed to be clear and concise, which can be beneficial in many situations. However, there are certain cases where this format may not be appropriate.
For example, if you want to emphasize the importance of the recipient, using a more formal or detailed format may be more appropriate. Additionally, if you know the name of the person who will be reading the message, it can be helpful to include it in the greeting or opening sentence to add a personal touch.
On the other hand, if you do not know the name of the recipient or the business message is going to a group of people, the simplified format can still be effective in delivering your message clearly and efficiently.
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A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarships, but still needs to pay for
most of the tuition herself. Which of these options may be available to help her pay for her education? Select all that apply.
A. mortgage loan
B. Perkins loan
C. private loan
D. Stafford loan
E. payday loan
E business loan
Answer:
C and D
Explanation:
My expertise is sucking d1ck #Po4n⭐4life
Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and __________ targeting strategies.
Targeting strategy refers to the process by which the marketer divides its market into distinct groups of consumers who have different needs, characteristics.
Micromarketing is the targeting strategy that attempts to capture a large share of a small market or niches. Micromarketing is the opposite of mass marketing, which focuses on the entire market. Undifferentiated marketing is the strategy that targets the entire market with one product or service.
This strategy relies on the assumption that all customers have the same needs and preferences and hence the company can offer the same product or service to all customers. Differentiated marketing is the strategy that targets multiple segments with different products or services.
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insurance, credit, and technology adoption: field experimental evidence from malawi. journal of development economics
In the study titled "Insurance, Credit, and Technology Adoption: Field Experimental Evidence from Malawi," the researchers investigate the relationship between insurance, credit, and technology adoption in the context of rural Malawi.
The study employs field experiments to gather empirical evidence and shed light on how these factors influence farmers' decision-making and agricultural practices.
The researchers examine the impact of providing insurance and credit services on farmers' willingness to adopt new technologies in their agricultural activities. Overall, the study emphasizes the importance of insurance and credit in facilitating technology adoption among farmers in rural Malawi. By addressing the financial constraints and risks associated with adopting new technologies, these interventions have the potential to improve agricultural productivity, enhance farmers' resilience, and contribute to poverty reduction in the region.
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A product’s value depends both on its utility and its scarcity.
True or false
Answer:
true
Explanation:
Consider the following balance sheets of two banks. These two banks have equal amounts of assets but are leveraged differently. Assume that there is no regulatory capital requirement. Balance Sheet of Arch Bank Assets Liabilities
In comparison to the Arch Bank, the Producer Bank has a greater leverage ratio. By dividing the bank's total assets by its entire equity, the leverage ratio is determined.
Leverage for Arch Bank is calculated as $100,000 / $20,000 = 5. Leverage for Producer Bank is calculated as $100,000 / $5,000 = 20. When the combined assets of the two banks grow by 20%, their new assets will total $120,000. Their increased capital will be equal to their increased assets because their liabilities won't change. The capital will rise by $20,000 multiplied by 20%, or $4,000, for Arch Bank. Capital for Producer Bank will rise by $5,000 multiplied by 20% for a $1,000 increase. As a result, when assets are increasing in value and liabilities remain constant, a larger leverage ratio results in a lesser percentage rise in capital. The new equity will be: If the asset value drops by 5% to $95,000, then The new equity for Arch Bank will be $15,000, a drop of $5,000.The new equity for Producer Bank will be $0, which represents a reduction of $5,000.Therefore, when asset values are declining, a higher leverage ratio equals a larger percentage drop in capital. Since its equity has been eliminated in the second scenario, Producer Bank is in danger of going bankrupt. In contrast, Arch Bank still has $15,000 in equity.
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Consider the following balance sheets of two banks. These two banks have equal amounts of assets but are leveraged differently. Assume that there is no regulatory capital requirement. Balance Sheet of Arch Bank Assets Liabilities Assets ,Liabilities Long-term assets $100,000 Short-term borrowing $80,000 Shareholders' equity 20,000 ,Total $100,000 Total $100,000 Balance Sheet of Producer Bank: Long-term assets $100,000 Short-term borrowing $95,000 Shareholders' equity 5,000 Total $100,000 Total $100,000 Which bank has a higher leverage ratio? a. Producer Bank b. Consumer Bank Suppose both banks' assets increase by 20% to $120,000. Assume that the liabilities of both banks remain the same. Consumer Bank's capital increases by __________, and Producer Bank's capital increases by __________. Therefore, if the value of assets is rising and liabilities do not change, a higher leverage ratio results in a __________ percentage increase in capital.Now suppose all the items in the balance sheets of both banks return to their initial values. Suddenly, banks realize that loans they made are riskier than they thought, and the total value of their assets declines by 5% to $95,000. Again, assume that the liabilities of both banks remain the same. Consumer Bank's capital decreases by __________, and Producer Bank's capital decreases by __________. Therefore, if the value of assets is falling, a higher leverage ratio means a __________ percentage decrease in capital. Under this second scenario, which bank is closer to insolvency?
nathan has $300 to open a checking account. he wants an account with the lowest fees. he plans on using the atm machine, and his employer offers direct deposit.
The checking account which would be best for Nathan is direct deposit account.
The direct deposit refers to the deposit of funds in a bank account electronically than than through a physical, paper check. This deposit requires the use of an electronic network which allows deposits to take place between banks.
So the checking account which would be best for Nathan is direct deposit account. As direct deposit is free of charge in general, in order to receive any payments. Thus, most of the social security benefits are paid by direct deposit.
Hence, through a direct deposit, a payment is made directly into a payee's account.
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financial managers emphasize the goal of maximizing the market price of stock because:
Financial managers emphasize the goal of maximizing the market price of stock because it is a key measure of a company's success in generating value for shareholders.
To achieve this goal, financial managers must focus on creating and delivering high-quality content that resonates with investors and drives demand for the company's stock. This can include a range of activities, from producing engaging marketing materials to providing timely and accurate financial reports that demonstrate the company's strong performance. Ultimately, by loading their content with relevant information and insights, financial managers can help to ensure that investors have the information they need to make informed investment decisions, which can ultimately lead to higher market prices and increased shareholder value.
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Business Ethics Nine-point Checklist Questions
You own a business in the United States that you have determined needs to move out of the country in order to survive. Choose one of the companies below to complete your quiz.
As you prepare to leave, you need to identify those who are helped (individuals in the new country) and those who are hurt. Next, you need to define your ethical responsibilities to all your shareholders (the individuals in the US).
Choose one of these companies as your company to answer the Business Ethics Checklist.
Apple
IBM
Cisco Systems
Nike
Wal-Mart
What are the facts? Who is affected? Is there an ethical problem? Is it simply right vs. wrong? Is this an ethical dilemma: Right vs. wrong? What resolution principles might be applied? What are your options? Is there a third way? Reflect on why you think this is the best decision? PLEASE SOMEONE HELP ASAP!!!!!!!
YOULL GET 100 POINTS!!!!
The business Ethics Nine-Point Checklist aids in making ethical decisions. The one for Wal-Mart is as follows:
The background: I'm leaving and I have to identify those who have helped and those who have hurt.The facts? I will be leaving and I have to ensure that my absence does not hurt the company.Who is affected? The company as a whole will be affected if I don't put proper succession plans in placeIs there an ethical problem? Yes. My responsibility within the company is to ensure that the company continues to exist and function legally and separately from my person so that other stakeholders (staff and investors) are not put at a disadvantage.Dilemma? The dilemma only exists if the solution to my absence is such a difficult one. The conflict is between my personal interests and that of the company.What resolution principles may be applied? Succession planning and change management is crucial in this case.Is there a third way? Yes. The third way would be to reexamine the reason why I want to leave in the first place and see if there is a possible solution to thatWhat is the best decision? This would be dependent on a lot of subjective factors.What is ethics?Ethics, often known as moral philosophy, is a philosophical field that "involves systematizing, defending, and advocating conceptions of good and bad action." The field of ethics, like aesthetics, is concerned with considerations of worth; together, these subjects compose the branch of philosophy known as axiology.
The Fundamental Ethics Principles The four ethical principles are beneficence, nonmaleficence, autonomy, and justice.
Ethics is what motivates us to speak the truth, honor our promises, and assist those in need. On a daily level, an ethical framework underpins our lives, assisting us in making decisions that have a good influence and directing us away from unjust consequences.
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what famous car company commissioned rivera to paint 2 murals in detroit
The famous car company that commissioned Rivera to paint two murals in Detroit is the Ford Motor Company. The Detroit Industry Murals is a collection of frescoes painted by the Mexican painter Diego Rivera, which was commissioned by the Ford Motor Company in 1932.
The murals depict the automobile industry and labor force of the city of Detroit, Michigan. The Detroit Industry Murals consist of 27 frescoes painted on the walls of the courtyard of the Detroit Institute of Arts. Rivera completed the murals in 1933 and they are considered to be his greatest work in the United States. Diego Rivera was a Mexican artist who is famous for his murals that depict political and social issues. He was invited to paint two murals by the Ford Motor Company in Detroit, Michigan, in 1932.
The murals were painted on the walls of the courtyard of the Detroit Institute of Arts. Rivera's Detroit Industry Murals are a celebration of the automobile industry and labor force of the city of Detroit. The murals are considered to be Rivera's greatest work in the United States and are now part of the permanent collection of the Detroit Institute of Arts.
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according to goldstein (2014), the doctrine of federal trust maintains that...
According to Goldstein (2014), the doctrine of federal trust maintains that the United States government has a fiduciary responsibility to protect and manage certain resources and lands on behalf of Native American tribes and other indigenous communities.
This includes land set aside for reservations, natural resources such as oil and gas, and cultural artifacts. The federal trust relationship is rooted in historical treaties and agreements between the government and indigenous groups, and is intended to ensure the preservation of their rights, interests, and sovereignty. However, the implementation of this doctrine has been a source of ongoing controversy and conflict, particularly in cases where the government has failed to uphold its obligations or has pursued policies that undermine tribal sovereignty and self-determination.
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12. One of the benefits of developing a business plan for a new start-up is:
(1 Point)
I shows 91actly how much profit the business will make
it makes sure that the bank will lend all the capital needed
it means that the business start up has no risk of failure
it assists in organising the resources needed for the new business
Answer:
it assists in organising the resources needed for the new business
Explanation:
A business plan details the mission and objectives of an entity. It explains the nature of business the entity will engage in, the target market, the resources it requires, and the projected revenues and expenses.
A business plan is useful when soliciting resources. Although a business plan does not guarantee a hundred percent financing, It shows how much resources will be required and how they shall be used. This helps the founders to know what is required at what stage and make the necessary arrangements.
You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to the loan
Answer:
Explanation:
The answer is A hope it helps
Answer:
A. The number of years between adjustments in the interest rate
Explanation:
Took the class
A commercial building would be classified as a(n)
part.
piece of equipment.
installation.
supply.
Answer:
installation.
Explanation:
A commercial building would be classified as an installation.
Answer:
supply
Explanation:
because from there supply willl be done
One of the easiest methods of diversifying away firm-specific risks is to: Multiple Choice build a portfolio with 40 to 55 individual stocks. buy only stocks with a beta of 1.0. purchase stocks that plot above the security market line. purchase the shares of an index fund.
Answer:
Option D. purchase the shares of a Index fund.
Explanation:
The reason is that the index funds are itself a mutual fund investment and they follow preset rules which helps an ordinary investor to understand those rules easily. Furthermore, they are already a diversified investment, hence investing in the shares of mutual fund makes the investment risk diversified investment.
Your older sister is planning on saving money by paying her bills, spending money on fun, and then saving whatever is leftover. Why is this not the best option for saving her money?
Answer:
spend money on bills first then food then save the leftover money for later
a roth ira may be better for you than a traditional ira if you are saving for your first home or retirement at age 59.5, as the can be made tax free and without penalty. quizlet
A Roth IRA may be better for you than a traditional IRA if you are saving for your first home or retirement at age 59.5.
Here's why:
1. Tax-free withdrawals: With a Roth IRA, your contributions are made with after-tax dollars, meaning you've already paid taxes on the money you put in. This is different from a traditional IRA, where contributions are made with pre-tax dollars. When you withdraw funds from a Roth IRA, including earnings, after age 59.5, the withdrawals are tax-free. This can be beneficial if you expect your tax rate to be higher in retirement.
2. No early withdrawal penalty for certain purposes: Another advantage of a Roth IRA is that you can withdraw your contributions at any time without penalty. This is different from a traditional IRA, where early withdrawals (before age 59.5) are generally subject to a 10% penalty. For a Roth IRA, you can withdraw your contributions penalty-free for specific purposes, such as buying your first home. However, any earnings you withdraw before age 59.5 may be subject to both income tax and a 10% penalty.
3. Flexibility: A Roth IRA offers more flexibility in terms of contributions. You can contribute to a Roth IRA at any age, as long as you have earned income and your income falls within certain limits. This allows you to continue saving for your first home or retirement even after age 59.5.
In summary, a Roth IRA may be a better option if you are saving for your first home or retirement at age 59.5. It offers tax-free withdrawals, no early withdrawal penalty for certain purposes, and flexibility in contributions. However, it's important to consider your financial situation and consult with a financial advisor to determine which type of IRA is best for you.
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Please review alimony in Chapter 8 of the book.
A. Discuss the implications and your personal opinions of the Tax Cuts and Job Acts which changed tax deductions for alimony awards made before and after January 1, 2019. Those new rules are:
1. Alimony payments are no longer deductible by the payer for income tax purposes.
2. Recipients of alimony payments are no longer taxable income.
B. Define the differences between temporary alimony, rehabilitative alimony, and restitutional alimony.
The review for the given alimony in each case (temporary alimony, rehabilitative alimony, and restitutional alimony) is mentioned.
A. The Tax Cuts and Job Act was passed in 2017 and it significantly changed the tax deductions for alimony awards made before and after January 1, 2019. The new rules are as follows:Alimony payments are no longer deductible by the payer for income tax purposes. Recipients of alimony payments are no longer required to include them in their taxable income.
Recipients, on the other hand, would have to include alimony payments as taxable income, which often resulted in higher taxes. This meant that divorcing couples could often negotiate higher alimony payments because the payer could afford to pay more due to the tax deduction. With the new rules, this is no longer the case.
Recipients, on the other hand, no longer have to include alimony payments in their taxable income, which may result in lower taxes. Overall, the new rules may result in lower alimony payments for recipients and higher taxes for payers.
B. Temporary alimony is paid to a spouse during the separation period. It is intended to provide financial support until the divorce is finalized.
Rehabilitative alimony is paid to a spouse who needs time to acquire the skills necessary to become self-sufficient. This type of alimony may be used to pay for education or job training.
Restitutional alimony is intended to repay a spouse for expenses incurred during the marriage, such as medical bills or other debts.
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Often, an objection is simply a request for
A. a discount
B. a different salesperson
C. more time
D. more information
Answer:
C. and D.
Explanation:
An Objection is when a certain something strongly disagrees with a reasoning But that reasoning can be very challanging to be dealt with. an expression or feeling of disapproval or opposition; a reason for disagreeing.
what objects are necessary for the formation of shadows ?
Answer:
The following three things are required for a shadow to form:
a source of light.
an opaque object.
a screen or surface behind the object.
Albinson Company paid $96,000 for a two-year insurance policy on October 1 and recorded the $96,000 as a debit to Prepaid Insurance and a credit to Cash. What adjusting entry should Albinson make on December 31, the end of the accounting period (no previous adjustment has been made)
Answer:
Debit Insurance expense $12,000
Credit Prepaid Insurance $12,000
Explanation:
When insurance is paid in advance, the entries required are
Debit Prepaid Insurance
Credit Cash account
As time elapses and the insurance expires,
Debit Insurance expense
Credit Prepaid Insurance
Monthly insurance expense
= 1/24 * $96,000
= $4,000
Between October 1 and December 31 is 3 months
Total insurance expense = 3 * $4,000
= $12,000
gaylord rockies resort & convention center north gaylord rockies boulevard aurora co
Rocky Mountain Arsenal National Wildlife Refuge and Aurora Sports Park are both within a 15-minute drive of the suburban Gaylord Rockies Resort & Convention Center.
The Denver Zoo is 15.9 miles (25.6 km) and the Anschutz Medical Campus is 10.5 miles (16.9 km) away from this 4.5-star hotel. Stay in one of the 1387 rooms with flat-screen TVs at this hotel. Entertainment is provided by cable programming, and wired and wireless Internet connection are chargeable extras. Hair dryers and bathrobes are provided in the private bathrooms, which have bathtubs or showers. Phones, safes, and desks are all examples of conveniences. Rocky Mountain Arsenal National Wildlife Refuge and Aurora Sports Park are both within a 15-minute drive of the Gaylord Rockies Resort & Convention Center, which is situated in Aurora's suburbs. This 4.5-star inn is 10.5 miles (16.9 kilometres).
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What increases your total loan balance Interest Accrual Interest capitalism Both interest accrual interest capitalism None of the above
Answer:
Both interest accrual and interest capitalism
Explanation:
The total loan balance increases due to "Both interest accrual and interest capitalism"
This is because INTEREST ACCRUAL on a loan is capitalized, which implies that it will be added to the principal balance, therefore increasing the total loan balance.
Similarly, the INTEREST CAPITALISM occurred when a loan repayment period is missed, therefore, the amount missed is capitalized which in turn increases the total loan balance.
Answer: both
Explanation:
what important technology has done the most