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3 years ago

The curve that shows how much gdp is demanded at various price levels is called:

1 answer:

7 0

Aggregate demand curve is the curve that shows how much gdp is demanded at various price levels.

When talking about aggregate demand curves, they show the total demand for a good or service in an economy at any given time. They are broken down into items that are fully completed final eructs and it bases this off of a variable amount of prices the product/service could be sold out.

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The statement of owner's equity: Multiple Choice

QveST [7]

Answer:

E. Reports how equity changes over a period of time.

Explanation:

Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.

And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.

There is no statement prepared to show any change in owner's equity at a point.

Statement reporting cash flows is called cash flow statement.

Therefore, correct option is:

Statement E

5 0

3 years ago

Gladiator USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes firs

Harrizon [31]

Answer:

DR Cash............................................$96,450

DR Notes receivable........................$546,550

CR Sales revenue...................................................$643,000

(To record sales)

DR Warranty expense .............................$32,150

CR Warranty liability.................................................$32,150

(To record Warranty Expense)

DR Warranty liability.................................$20,000

CR Cash......................................................................$20,000

(To record Warranty Claim Payments)

Explanation:

Cash = 15% * $643,000

= $96,450

Notes Receivable = 643,000 - 96,450

= $546,550

Warranty Expense = 5% x $643,000

= $32,150

7 0

3 years ago

Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services

Aleonysh [2.5K]

Answer:

$18,000

Explanation:

To find the Sales Revenue we simply add the $12,000 cash received immediately, and the $30,000 received as partial payment, totalling $42,000.

Then, we simply complete the proposed income statement:

Income Statement for the Month Ended in March 31

Sales Revenue $42,000

Rent Expense $9,600

Wage Expense $14,400

Net Income $18,000

Net Income is equal to Revenue - expenses.

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2 years ago

You deposit $1,500 in a bank where you have a savings account. The bank

skad [1K]

Interest rate risk

Interest rate risk is the risk that arises for fixed-rate investments from fluctuating interest rates. How much interest rate risk a fixed-rate investment has depends on how sensitive its price is to interest rate changes in the market.

8 0

3 years ago

If net exports is negative, it must be the case that _____. rev: 04_09_2018 Multiple Choice the value of goods, services, and re

Anton [14]

Answer:

more goods are being imported than exported

Explanation:

Net export = export - import

when net export is negative it means that import exceeds import. this is known as a trade deficit

5 0

3 years ago