Owner's equity at the beginning of the year is
Assets-liabilities
60,000−17,000=43,000
Owner's equity at the end of the year is
Beginning balance+revenues-expenses+additional investment-withdrawal amount
43,000+48,000−36,000
+8,000−9,000
=54,000
Owner's equity changed by
ending balance-beginning balance
54,000−43,000=11,000. ..answer
On July 15, there is pending 6000 on the cash account.
Then on July 20, Cajon Co. returns the merchandise of 1000, so the pending cash decreases and now it is only 5000.
Afterwards, on July 24, Cajon paid for the merchandise. Since the credit terms is 2/10, 2 percent discount will be given if they paid within 10 days. So 5000 multiplied by . 02 = 100. 5000 - 100 = $4900 is the amount of cash received.
Answer:
a) The federal funds rate has a higher interest rate than the discount rate to encourage borrowing
Explanation:
The Feds fund rate is the rate at which banks borrow from each other usually overnight, while the discount rate is the interest rate charged by the Fed to commercial banks for borrowing directly from the Fed.
These borrowings help the commercial banks meet up their liquidity requirements.
The discount rate is higher than the Fed funds rate. This is to encourage banks to borrow from each other instead of borrowing directly from the Federal Reserve.
The Fed fund rate also tends to affect the prime lending rate (rate at which banks lend money to their clients).
So the statement - The federal funds rate has a higher interest rate than the discount rate to encourage borrowing. Is not correct
Answer:
instrumentality
Explanation:
It is related to Vroom expectancy motivation theory, which assumes that behaviour result from conscious choices among alternatives, it purpose is to maximize pleasure and to minimize pain. Vroom used the variables Expectancy, Instrumentality and Valence in order to set his theory.
Expectancy: Related to the belief that increased effort means that the performance also increase. For example: if you work harder then you have better results.
Instrumentality: Belief that if a person perform well then he or she would receive a valued outcome. It sets the degree to which a first level outcome has to lead to a second level outcome. For example: If you do a good job, then it has something for you on it.
Valence: Represents the importance that the individual place has upon expected outcome. For it to be positive, the person should prefer attaining the outcome to not attaining it. For example: If what motivates you is money, then you are not going to value offers such as additional time off.
Answer:
B. value of the country's exports minus the value of its imports
Explanation:
That is the definition of net exports in economics: the value of a nation's total exported goods and services minus the value of all imported goods and services (NX = EX - IM)
Net exports could be positive or negative, depending on whether exports are larger or smaller than imports
It is seen frequently in talking about GDP, with the national income of an open economy being the sum of Governemnt Spending, Consumption, Investment and Net Export (Y = G + C + I + EX - IM)
