Answer:
= the IS curve shifts right and the
economy moves along the LM curve
Explanation:
= the IS curve shifts right and the
economy moves along the LM curve= the IS curve shifts right and the
economy moves along the LM curve= the IS curve shifts right and the
economy moves along the LM curve
Answer:
The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost
Explanation:
Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.
The manufacturing business that smith used to illustrate the effects of division labor is the pin-making industry. Adam Smith is a Scottish economist which he was know for his book "An Inquiry into the Nature and Causes of the Wealth of Nations" was was until now used as a primary reference in economic studies.
Answer:
Explanation:
a) loss from selling the assets = Total liabilities - amount not sufficient to pay for creditors = 78000 - 28000 = 50000
Loss = Assets - loss from selling the assets = 126000 - 50000 = 76000
B) allocation of loss
Turner = 76000 * 10% = 7600
Roth = 76000 * 40 % = 30400
Lowe = 76000 * 50 = 38000
C) partners capital after allocating above loss
Turner capital = 2500 - 7600 = -5100
Roth = 14000 - 30400 = -16400
Lowe = 31500 - 38000 = -6500
Contribution from partners required to pay 28000 debt
:
Turner = 28000 * 10% = 2800
Roth =. 28000 * 40% = 11200
Lowe = 28000 * 50% = 14000
Answer:
The new mean annual salary (including the bonus and raise) for the employees is $37790.
Explanation:
new salary Y = $4000 + 1.09X
new mean annual salary E(Y) = $4000 + 0.09*E(X)
= $4000 + 1.09*31000
= $37790
Therefore, The new mean annual salary (including the bonus and raise) for the employees is $37790.
