Answer: c) developing new technologies.
Explanation:
The Long Run Aggregate Supply (LRAS) curve can only change if the productivity in the Economy changes. One of the ways this can happen is through the use of newer better technology.
The better technology will make production more efficient by producing more goods at a lesser cost which lead to an increase in the GDP potential of the country which is a shift in the LRAS.
Answer:
Accounts receivables -under-the-Hill 11,700 debit
credit card fees expense 300 debit
sales revenues 12,000 credit
Explanation:
The credit card fee is considered an expense
$12,000 x 0.025 = 300
We will debit our accounts receivables for the difference between the 12,000 billed and the fee charged for Under-the-Hill credit car:
12,000 - 300 0 11,700
Answer:
C. a long-term loan from a bank
Explanation:
A loan or credit facility is suitable when a person is unable to pay in cash or by check. Lenders such as banks and credit unions offer credit facilities to their customers. These institutions charge interest on loans advanced.
When planning for a capital intensive purchase, a long term bank loan is suitable. Banks can extend credit facilities for huge amounts of money. The monthly repayments and interest rates for a long-term loan are usually low, making it affordable to many borrowers.
Answer:
The closing balance from the excel sheet is $5,000.00
Explanation:
Solution
Given that:
The loan balance required l for each month can be computed as follows:
The loan balance = additional cash needed – cash used to retire debt + loan balance from previous month
Now
By applying the excel formula to perform this task is stated as follows:
D34 = SUM(D31-D33,C34)
The same formula is used to get the values for E34 to I34.
Kindly find an attached copy of the updated excel sheet after applying above formula which is a part of the solution is as follows:
