Answer:
A. debit to Interest Receivable of $1,000
Explanation:
The journal entry is given below;
Interest Receivables ($100,000 × 6% × 2 ÷ 12) $1,000.00
To Interest Revenue $1,000.00
(being the interest earned but not received is recorded)
Here the interest receivable is debited as it increased the assets and credited the interest revenue as it also increased the revenue
Answer: -1.26%
Explanation:
We can solve for this using the following formula.
Return on Stock Market = Down figure of Index / ( Close figure of Index - down figure of Index)
So calculating we have,
Return on Stock Market = -98.34 / ( 7,447.50 - (-98.34))
Return on Stock Market = -98.34 / 7,545.84
Return on Stock Market = - 0.0126
Return on Stock Market = -1.26%
Answer:
January 1, 2016:
Dr Accumulated Depreciation account 12,000
Cr Cash account 12,000
Explanation:
The accumulated depreciation account is a contra asset account used to record all the incurred depreciation expense since the asset (or assets) was being used or put into service.
Since the repairs extended the life cycle of the asset, then its accumulated depreciation decreases.
If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result there will be an increase in quantity supplied.
In economics, quantity supplied represents the number of goods or services that a supplier produces and sells at a given market price. Supply is different from the actual supply (that is, total supply). This is because price changes affect how much suppliers actually put into the market.
A quantity supplied is the quantity of a product that a retailer intends to sell at a specific price, called the delivery quantity. A time period is also usually specified when describing shipping quantities. Example: If the price of an orange is 65 cents, he has a supply of 300 per week.
Learn more about the quantity supplied here: brainly.com/question/28072862
#SPJ4
Answer:
Scarce resources.
Explanation:
A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.
Hence, a proper allocation of scarce resources would improve the standards of living in a country.
