Answer:
(C) Debit Cash, credit Unearned Revenue.
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,000,000
To Unearned revenue A/c $2,000,000
(Being the receipt of cash is recorded)
Since the cash is received so we debited the cash account as it increases the current assets and credited the unearned revenue account as it is a current liability account so the same is to be credited
Answer:
Velocity of money = 4
Explanation:
Given:
Money supply M = 6,000
Price level P = 2
Real GDP Y = 12,000
Find:
Velocity of money
Computation:
Velocity of money = [Price level x Real GDP] / Money supply
Velocity of money = [P x Y] / M
Velocity of money = [12,000 x 2] / 6,000
Velocity of money = [24,000] / 6,000
Velocity of money = 24 / 6
Velocity of money = 4
Answer:
Covenant.
Explanation:
A covenant in business context refers to a formal debt agreement between a lender and a company that specific actions will or will not be undertaken.
D. He is trying to improve the employees speaking skills so there is less conflict
The driver was going 55 mph.
Two hours is not enough to change the first digit of 15951, therefore, 1 is the first and last digit of the new number. The fourth and second digits converted to 6 and the middle digit could either by 0, 1, 2, 3, …,9. Therefore, the driven miles will be 110, 210, 310, … respectively.
So in two hours, the car would have sped up at 55 mph, 105 mph, 155 mph, … respectively.