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3 years ago

Why are healthy individual finances important to the Economy in North America?

1 answer:

8 0

The answer to this question is if you were to get laid off your job you would cut back your spending which influences the economy and local businesses.
By doing this, you will always have some sort of safety net in case anything bad happened to your main source of income (such as getting cheated by your co-workers, bad economic conditions on nation-scale, your corporation is beaten up by the competitors, etc)

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If real GDP increased from $10 billion to $11 billion from the first quarter of 2016 to the first quarter of 2017, but had incre

Sphinxa [80]

Answer:

10%; 16%

Explanation:

Given that,

Real GDP in the first quarter of 2016 = $10 billion

Real GDP in the first quarter of 2017 = $11 billion

Increased from the fourth quarter of 2016 to the first quarter of 2017 = 4%

Growth rate from the first quarter of 2016 to first quarter of 2017:

= $\frac{GDP_{2017}-GDP_{2016} }{GDP_{2016}}\times 100$

= $\frac{11-10 }{10}}\times 100$

= 10%

Real GDP growth rate is as follows:

= 4% × 4

= 16%

3 0

3 years ago

Tano issues bonds with a par value of $180,000 on January 1, 2016. The bonds' annual contract rate is 8%, and interest is paid s

Sauron [17]

Answer:

The discount on the bonds issuance is $9,138.00

Explanation:

discount on bonds at issuance=bonds face value-bonds cash proceeds

bonds face value is $180,000

bonds cash proceeds =$170,862

Discount on bonds at issuance=$180,000-$170,862

Discount on bonds at issuance=$9,138.00

The necessary journal entries to record the bonds issuance are follows:

Dr Cash $170,862.00

Dr discount on bonds issue $9,138.00

Cr Bonds payable $180,000

The discount on the bonds would amortized over relevant years

5 0

3 years ago

Managerial accounting information for a company

Bad White [126]

Answer:

Correct answer is b. relates to subunits ot the entity and may be very detailed.

Explanation

Managerial accounting involves collecting, storing, analyzing, and reporting information about the operations, activities and finances of a business. These reports are generally used by the managers of a business, rather than by any external entities, such as shareholders or lenders. The purpose of this accounting is to facilitate manager from senior to line level to make informed decision.

So in order to run the business smoothly this information/accounting is required to be very detail and covering each and every aspect of the entity.

5 0

3 years ago

Match the departments with task that they perform in the fulfillment process. Sales Accounting Warehouse

maw [93]

Answer:

C. Prepares and sends the invoice

Explanation:

4 0

3 years ago

If you borrow money from a bank, you are the ____________. A. Creditor B. Lender C. Debtor D. Investor

wolverine [178]

If you borrow money from a bank, you are the ____________. 
C

5 0

3 years ago

Read 2 more answers