The increase in aggregate demand causes price expectations to rise.
An economy is a place of manufacturing, distribution, and alternate, in addition to intake of goods and offerings. In standard, it is described as a social domain that emphasizes the practices, discourses, and fabric expressions related to the production, use, and management of scarce resources.
Expenditure is the act or technique of expending.
Aggregate demand or a home's very last demand is the whole call for the very last items and offerings in a financial system at a given time. It is regularly referred to as effective demand, even though at other times this time period is outstanding. this is the call for the gross domestic made from a country.
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Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.
<h3>What is Peer mentoring?</h3>
Peer mentoring refers to a one-on-one relationship or experienced within a group. It is a relationship between people who are at the same career stage or age.
The peer mentoring is specifically more effective in expanding the professional network. Peer mentoring involves learning by reaching out to more experienced individuals in an organization.
Hence, Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.
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Answer:
<em>Computation of the interest expense using the equation as shown below:
</em>
Interest expense for year 1 = Notes payable * Interest rate
= $100,000 * 10%
= $7,000
Notes payable reduction in Year 1 = $14,238 - $7,000
= $7,238
General journal entry
Item Debit Credit
<em>Notes payable $7,745</em>
Interest expense $6,493
Cash $14,238
Workings
Interest expense = ($100,000 - $7,238) * 7%
= $92,762 * 7%
=$6,493
Answer:
The balance in Eve's prepaid insurance account as of December 2021 is $18000 as shown below.
Explanation:
The balance of prepaid insurance would be the balance left after 12 months expense has taken from both amounts
Liability policy $36000*6/18=$12000
Crop damage policy $12000*12/24=$6000
Balance of prepaid insurance $18,000
The balance of $18000 would be left in the prepaid insurance account,whereas the balance damage crop policy account would be enough for the coming year, there is a need for 6 months insurance policy payment in respect of liability policy in the year 2022