Answer: It is deducted from the net income.
Explanation:
An increase in accounts receivable is a use of cash, therefore it must be accounted for when calculating the net income.
Answer: The Fed wanted to encourage banks to raise their prime interest rates, slowinggrowth in investment, consumption, and aggregate demand to a noninflationary pace.
Explanation:
Federal funds interest rate could be as interest rate banks charge themselves on overnight loans in order to meet reserve requirement. While prime interest are interest rates banks charge on loans to their most credit worthy customer. The Fed wanted to encourage banks to raise their prime interest rates, slowinggrowth in investment, consumption, and aggregate demand to a noninflationary pace.The tight money policy successfully raised the prime interest rate.
Answer:
c. 38,200 units
Explanation:
The movement in the inventory account will be due to sales and production. Sales reduces the inventory balance while production increases it.
Given
budgeted sales of 36,000 units,
target ending finished goods inventory of 4,000 units,
and beginning finished goods inventory of 1,800 units
Let the units to be produced be t
1800 + t - 36000 = 4000
t = 4000 + 36000 - 1800
t = 38,200
38,200 units should be produced next year.
Answer:
1. Journal:
October 1:
Debit Cash $30,000
Debit Building $200,000
Credit Common Stock $230,000
To record the receipt of cash and building for common stock.
2. T-accounts:
Cash Account
Date Description Debit Credit Balance
Oct. 1 Common Stock $30,000 $30,000
Building Account
Oct. 1 Common Stock $200,000 $200,000
Common Stock
Oct. 1 Cash $30,000 $30,000
Oct. 1 Building $200,000 $200,000
Explanation:
Journal entries show the accounts to be debited and credited respectively. They are the initial records of a business transaction. They can be used to post any transaction, make adjustments to the accounts, and close the accounts at the end of the accounting period.
Answer:
The first place to post the flyer will be <u>Children Day Care Centers
</u>
Second will be near <u>ponds, lakes</u> where people tend to go for swimming
Third will be at the <u>schools and hospitals</u>
Fourth will be at <u>indoor / swimming pool</u> for general public and professional swimmers
Explanation:
Children Day Care Centers:
Kids who attend day care centers, including diaper aged kids and people who take care of the day care kids are more like prone to infection. Especially, when parents of infected kids leave their kids in the day care where rest of the kids attend. Kids have weak immune system and they get easily affected by Cryptosporidium.
Ponds, Lakes, Indoor swimming pool
Backpackers, hikers & campers use the lakes and ponds for bathing, swimming etc., are exposed to Cryptosporidium infection as they end to consume unfiltered and untreated water
Schools and Hospitals
Kids, infants and pregnant women are more like to get seriously ill due to weak immune system which may lead to dehydration leading to diarrhea, as they tend to contact infected people.
