Answer:
C) Debit Office supplies, $500; credit Accounts payable, $500
Explanation:
The journal entry is as follows:
Office supplies A/c Dr $500
To Account payable A/c $500
(Being the office supplies are purchase on credit is recorded)
Since the office supplies are purchased so we debited the office supplies that increase the assets and credited the account payable as it purchase on credit basis plus the liabilities are also increased
Answer:
The correct option is option D which is When 2006 is chosen as the base year, the inflation rate is 50 percent in 2007.
Explanation:
For the fixed basket, the price is 2006 is given as
Basket Price =$3*10+$5*6=$30+$30=$60
Now the price of basket in 2007 is given as
Basket Price=$5.40*10+$6*6=$54+$36=$90
Now as the inflation rate is given as
Price in 2007/Price in 2006=$90/$60=1.5
this indicates that the prices have become 1.5 times or have increase 50% Thus the inflation rate is 50%
Answer:
Infrastructure
Explanation:
Infrastructure is a term used to describe a country's basic physical systems of transportation, communication, building, and power distribution. These physical systems are capital intensive investments. They are vital for a countries economic development and prosperity of its population. However, they do not affect the rate of population growth.
Population growth is affected by the increase or decrease of people in a country. The issues that lead to the addition or reduction of people include births, deaths, and migrations.
Fertility rate measures the number of births per 1000 women, while life expectancy indicates the average years a person is expected to live. Net migration shows the number of people that have moved into a country. These three factors contribute to population growth. Infrastructure is the odd one because it has nothing to do with people's overall tally.
A beneficiary receives only the death benefit earnings in which settlement option Interest option.
An interest rate option is a financial derivative that allows the holder to profit from changes in interest rates. Interest rate options allow investors to speculate about interest rate trends. It is similar to stock options and can be either a put or a call.
Interest rate call options are derivatives in which the holder has the right to receive interest payments based on a floating rate and then pay interest payments based on a fixed rate. Interest Rate Option Fee
This is the daily fee for certain index interest rate options that are guaranteed to remain unchanged for managed index interest rate options and passive index interest rate options.
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Answer:
b. five cents (today's CPI / 1962 CPI)
Explanation:
CPI stands for Consumer Price Index
The normal formula to compute the CPI is shown below:
Consumer price index = (Product price in current year) ÷ (Product price in base year) × 100
In the given situation, the formula would be
= five cents × (today's CPI ÷ 1962 CPI)
Since we have to compute the today CPI so we multiplied the five cents
