The adjusted trial balance of Sheri dan Company at December 31, 2022, includes the following accounts: Owner's Capital $16,000,
Owner's Drawings $7,700, Service Revenue $38,800, Salaries and Wages Expense $15,200, Insurance Expense $2,700, Rent Expense $3,100, Supplies Expense $1,200, and Depreciation Expense $1,200.
Prepare an income statement for the year.
Prepare an income statement for the year.
1 answer:
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Answer:
increase in, more, increase
Explanation:
Real business cycle theory states that the in any economy can be explained by the technological shocks and the changes in the productivity. All these changes in the technological growth affects the decisions of the firms on investment as well as workers or the labor supply.
Edward C. Prescott and Finn E. Kydland first gave the concept of real business cycle theory.
In the theory of real business cycle, the increase in consumption results from the major to borrow more from the banks, and it causes the supply of money to increase.
Answer:
<em>Approximately $22 billion</em>
Explanation:
<u>Future Value (FV)</u>
Given a present value (PV) of an investment, the annual interest rate r, the future value at time t years is given by
Care must be taken to properly express the time in years and the rate in yearly pertentage.
The estimated value of the Manhattan Island in 1626 was PV=$24. 386 years later, at a r=5.5% its value would be
The present value can be estimated in more than $22 billion