Answer:
She lost $754.05.
Explanation:
Giving the following information:
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.
<u>The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.</u>
<u></u>
Increase in salary= 52,000*1.025= $53,300
Inflation effect= 52,000/(1-0.038)= $54,054.05
To maintain her purchasing power, now, she needs to earn $54,054.05.
She lost $754.05.
The total amount of money being transferred into and out of a business
Answer:
Dr Interest expense $33,500
Cr Discount on bonds payable $1,100
Cr Cash $32,400
Explanation:
Discount on bonds payable=$540,000-$529,000=$11,000
Amortization of discount=discount on bonds issue/period of the bond
period to maturity of the bond is 5 years *2 =10 since the bond pays interest semi-annually
Amortization =$11,000/10=$1,100
Semi-annual interest=$540,000*12%/2=$32,400
the bond semi-annual interest expense=discount amortization+interest payment
the bond semi-annual interest expense=$32,400+$1,100=$33,500
Answer:
A- Gill, a credit customer
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.
Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.
This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.
Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.
Answer:
agriculture
Explanation:
because they study plants/geology
