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3 years ago

9

The adjusting entry to account for use of supplies consists of a: Multiple Choice debit to Supplies Expense and a credit to Supp

lies. debit to Supplies and a credit to Supplies Expense. debit to Supplies and a credit to Accumulated Depreciation. debit to Accumulated Depreciation and a credit to Supplies.

1 answer:

barxatty [35]3 years ago

3 0

Answer:

debit to Supplies Expense and a credit to Supplies

Explanation:

The adjusting entry to use the supplies is shown below:

Supplies expense Dr XXXXX

To Supplies XXXXX

(Being the supplies is adjusted)

For recording the adjusting journal entry, we debited the supplies expense and credited the supplies so that the proper posting could be done

Hence, the first option is correct

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All sources of income is also known as which of the following

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It is name nontaxiable

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Suppose the multiplier is 5 and the government increases its purchases by $15 billion. Also, suppose the AD curve would shift fr

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Answer:

A) 20 billion

Explanation:

Y = AD

= C + I + G

C = A + cY

A - Autonomous Consumption

c - MPC

Y = A + cY + I + G

Y - cY = A + I + G

Y(1 - c) = A + I + G

Y = (A + I + G)*1/(1 - c)

Taking derivative with respect to goverement purchase

dY/dG = 1/(1 - c)

( here d is represting del we are representing partial derivative.)

1/(1 - c) = Multiplier

dY = Multiplier*dG

= 5*15

= 75

75 = horizontal distance between AD1 & AD2

55 = horizontal distance between AD1 & AD3

Extent of crowding out = 75 - 55 = 20

Therefore, the Extent of crowding out is 20 billion.

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Answer:

The correct answer that fills the gaps are: constant ; increasing.

Explanation:

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The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

The objective of GDP per capita is to obtain data that somehow shows the level of wealth or well-being of that territory at a given time. It is often used as a measure of comparison between different countries, to show differences in economic conditions.

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Option "D" is the correct answer for the following.

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