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Over [174]
2 years ago
6

At the end of World War II many European countries were rebuilding and so were eager to buy capital goods and had rising incomes

. We would expect that the rebuilding increased aggregate demand in
Business
1 answer:
fenix001 [56]2 years ago
8 0

We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

<h3>What is aggregate demand?</h3>

Aggregate demand refers to the total demand for goods and services within an economy.

Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.

<h3>Answer Options:</h3>

a. Both the US and Europe

b. The US, but not Europe

c. Europe, but not the US

d. Neither the US nor Europe

Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

Learn more about aggregate demand at brainly.com/question/1490249

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ecord adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made
k0ka [10]

Answer: Please Refer to Explanation

Explanation:

Please see complete question attached to this answer.

A.

As the company has not paid the salary but they recognize it is an expense, it should be credited to Salaries payable from the salary expense account.

DR Salary Expense $ 18,500

CR Salary Payable $18,500

( To record Salary Expense incurred but not paid)

B.

As the company has not paid the interest but they recognize it is an expense, it should be credited to Interest Payable from the interest expense account until it is paid.

DR Interest Expense $400

CR Interest Payable $400

( To record interest expense on loan not paid )

C.

As the company has not paid the mortgage interest but they recognize it is an expense, it should be credited to mortgage payable from the mortgage account expense account

DR Mortgage Interest Expense $1,025

CR Mortgage Interest Payable $1,025

( To recording interest expense on mortgage not paid for the year).

3 0
3 years ago
Carissa Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its fir
marishachu [46]

Answer:

1. Carissa Communications' Statement of Retained Earnings for the year ended July 31, 2018:

Retained Earnings, July 31, 2017         $0

Net Income (Loss)                           6,845

Retained Earnings, July 31, 2018 $6,845

2. Carissa Communications' Classified Balance Sheet as of July 31, 2018:

Assets:

Current Assets:

Cash                                $ 3,500

Accounts Receivable         3,000

Merchandise Inventory      1,300

Total Current Assets       $7,800      $7,800

Long-term Assets:

Equipment, net                12,500    $12,500

Total Assets                                    $20,300

Liabilities + Equity:

Current Liabilities:

Accounts Payable             1,900  

Accrued Liabilities            5,855

Total Current Liabilities  $7,755      $7,755

Long-term Liabilities:

Notes Payable, long-term                  3,400

Total Liabilities                                  $11,155

Stockholders' Equity:

Common Stock                  2,300

Retained Earnings             6,845

Total Stockholders' Equity 9,145     $9,145

Total Liabilities +  Equity  $20,300

Explanation:

a) Data and Calculations:

1. Adjusted Trial Balance for its first year of business, which ended on July 31, 2018

Cash                                $ 3,500

Cost of Goods Sold       $ 18,400

Selling expenses                1,700  

Equipment, net                12,500

Accounts Payable                               1,900  

Accrued Liabilities                              5,855

Common Stock                                   2,300

Net Sales Revenue                          30,000

Notes Payable, long-term                  3,400

Accounts Receivable         3,000

Merchandise Inventory      1,300

Interest Expense                    55

Administrative Expense    3,000

Total                               $43,455   $43,455

2. Carissa Communications Income Statement Year Ended July 31, 2018  

Net Sales Revenue        $30,000

Cost of Goods Sold           18,400  

Gross Profit                        11,600

Operating Expenses  

Selling Expenses                 1,700  

Administrative Expenses   3,000

Total Operating Expenses 4,700  

Operating Income              6,900

Interest Expense                    (55)

Net Income (Loss)            $6,845

6 0
3 years ago
A mother wants to invest ​$12 comma 000.00 for her​ son's future education. She invests a portion of the money in a bank certifi
Dimas [21]

Answer:

A = $4000

Explanation:

given data:

total investment $12000

interest on CD= 4%

Interest on bond =7%

the portion invested in the CD is A

total portion invested as a bond = $12,000 - A

total portion earned on the CD = 0.04A.

The total interest gain on the bond = 0.07(12000 - A).  

equation for  the total interest earned is:

0.04A + 0.07(12000 - A) = 720

0.04A + 840 - 0.07A = 720

-0.03A = -120

A = $4000

8 0
3 years ago
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received
horrorfan [7]

Answer:

A) Isabel's after-tax cost for paying the bill in December = $19,000 - ($19,000 x 40%) = $19,000 - $7,600 = $11,400

B) Isabel's after-tax cost for paying the bill in January:

the cost before taxes = $19,000 - ($19,000 x 4%/12) = $19,000 - $63 = $18,937

after-tax cost = $18,937 - ($18,937 x 40%) = $18,937 - $7,575 = $11,362

C) January, since the cost of the debt is lower.

7 0
3 years ago
"Tiberend, Inc., sold $150,000 in inventory to Schilling Company during 2017 for $225,000. Schilling resold $105,000 of this mer
Mkey [24]

Answer:

$9900

Explanation:

Given:

  • Inventory value $150,000
  • Revenue: $225,000
  • Schilling resold: $105,000
  • Tiberend owns 25 percent

We need to find the gross profit and its ratio.

The gross profit = Revenue - Inventory value

= $225,000 - $150,000 = $75,000

The gross profit ratio = \frac{Gross profit}{Revenue} = \frac{75,000}{225,000} = \frac{1}{3} = 33.33%

Ending inventory with schilling resold

= Revenue - schilling resold

=  $225,000 - $105,000 = $120,000

Total unrealized profit: $120,000*25% = $30,000

So, Intra entity unrealized gross profit is  

= Total unrealized profit × Tiberend ownership  intra entity unrealized gross profit is

= $30,000  × 33%

= $9900

Hope it will find you well.

7 0
3 years ago
Read 2 more answers
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