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1 year ago

A movement along the phillips curve shows that the unemployment rate and inflation rate are.

1 answer:

3 0

The Phillips curve relates the rate of inflation with the rate of unemployment. The Phillips curve argues that unemployment and inflation are inversely related: as levels of unemployment decrease, inflation increases. The relationship, however, is not linear.

What is the relationship between inflation and unemployment shown by the Phillips curve?

The Phillips curve states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa. The Phillips curve was a concept used to guide macroeconomic policy in the 20th century, but was called into question by the stagflation of the 1970's.

Phillips curve :

graphic representation of the economic relationship between the rate of unemployment (or the rate of change of unemployment) and the rate of change of money wages. Named for economist A. William Phillips, it indicates that wages tend to rise faster when unemployment is low.

Inflation rates :

inflation, in economics, collective increases in the supply of money, in money incomes, or in prices. Inflation is generally thought of as an inordinate rise in the general level of prices.

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The following transactions were completed by the company.

dybincka [34]

Answer:

The impact of each transaction on individual items of the accounting equation:

A. The company completed consulting work for a client and immediately collected $6,200 cash earned.

Assets (Cash + $6,200) = Liabilities + Equity (Retained Earnings + $6,200)

B. The company completed commission work for a client and sent a bill for $4,700 to be received within 30 days.

Assets (Accounts Receivable + $4,700) = Liabilities + Equity (Retained Earnings + $4,700)

C. The company paid an assistant $1,750 cash as wages for the period.

Assets (Cash -$1,750) = Liabilities + Equity (Retained Earnings -$1,750)

D. The company collected $2,350 cash as a partial payment for the amount owed by the client in transaction b.

Assets (Cash +$2,350 and Accounts Receivable -$2,350) = Liabilities + Equity

E. The company paid $840 cash for this period's cleaning services.

Assets (Cash -$840) = Liabilities + Equity (Retained Earnings -$840)

Explanation:

The accounting equation is that assets are always equal to liabilities and equity before and after every business transaction. It is an important principle of accounting and the fulcrum of the double-entry system of accounting. It establishes the two sides to every transaction. It can be used to show the impact of daily business transactions on the assets, liabilities, and stockholders' equity.

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3 years ago

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to

Nataly_w [17]

Answer:

1) a. An analysis of WTI's insurance policies shows that $3,864 of coverage has expired.

Dr Insurance expense 3,864

Cr Prepaid insurance 3,864

b. An inventory count shows that teaching supplies costing $3,349 are available at year-end 2015.

Dr Teaching supplies expense 6,722

Cr Teaching supplies 6,722

c. Annual depreciation on the equipment is $15,458.

Dr Depreciation expense 15,458

Cr Accumulated depreciation: equipment 15,458

d. Annual depreciation on the professional library is $7,729.

Dr Depreciation expense 7,729

Cr Accumulated depreciation: professional library 7,729

e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,900, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2016.

Dr Unearned training fees 5,800

Cr Training fees earned 5,800

f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $4,700 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)

Dr Accounts receivable 11,750

Cr Tuition fees earned 11,750

g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.

Dr Salaries expense 400

Cr Salaries payable 400

h. The balance in the Prepaid Rent account represents rent for December.

Dr Rent expense 2,015

Cr Prepaid rent 2,015

2) Wells Technical Institute (WTI)

Adjusted Trial Balance

For the year ended December 31, 2015

Debit Credit

Cash $26,189

Accounts receivable $11,750

Prepaid rent $0

Teaching supplies $3,349

Prepaid insurance $11,246

Professional library $30,217

Accumulated depreciation: $16,795

Professional library

Equipment $70,500

Accumulated depreciation: $31,575

Equipment

Accounts payable $32,840

Salaries payable $400

Unearned training fees $8,700

Common stock $12,812

Retained earnings $51,250

Dividends $40,291

Tuition fees earned $114,490

Training fees earned $44,075

Depreciation expense: $7,729

Professional library

Depreciation expense: $15,458

Equipment

Salaries expense $48,750

Insurance expense $3,864

Rent expense $24,180

Teaching supplies expense $6,722

Advertising expense $7,051

Utilities expense $5,641

Totals $312,937 $312,937

4 0

3 years ago

The world is facing greater and greater pollution, along with the depletion of natural resources. Every person in every country

Crank

Answer:

Implementing sustainable strategies is the solution

Explanation:

We are damaging our planet with the hazardous activities like emission harmful gases in atmosphere, depleting the ozone layer which is really alarming for the health of humans. We can prevent it by implement sustainable strategies in the organization like we can reduce the waste product, we can reduce the usage of natural resources and find their substitutes as well.

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3 years ago

Assume that Zambia has a domestic investment of $1500 billion, private domestic savings of $3000 billion, and a government defic

nexus9112 [7]

Answer:

$1,500

Explanation:

Domestic investment = $1500 billion

Private domestic savings = $3000 billion

Government deficit = $2000 billion

Rise in government spending = $1000 billion

Now,

Trade deficit =

Domestic investment - Private domestic saving - Government savings

also,

Total Government deficits = $2,000 + $1000

= $3,000

and,

Government savings = - Government deficits

= - $3,000

Now we know government deficit is 3000 billion and if spending increases further 1000 billion, the government deficit will be 4000 billion

thus,

Trade deficit = $1,500 - $3,000 - (- $3,000)

= $1,500

4 0

3 years ago

When the bicycle manufacturer Trek determined that some consumers use bikes for green transportation whereas others use them for

Afina-wow [57]

Answer:

Core customer values

Explanation:

Core customer value refers to the central value which induces customer purchases i.e what the buyer is buying the product for.

The marketer would first think of the core problem i.e what customer wants from the product, to serve what purpose does a consumer purchase a product. For example, buying a television will have it's core value as entertainment.

In the given case the manufacturer is determining the purpose of purchases of consumers as a combination of transportation as well as hobbies. This is an assessment of core customer values by the manufacturer.

5 0

3 years ago