Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $1,100
To Interest revenue $100
To Note receivable $1,000
(Being cash received in respect of note receivable, interest accrual is recorded)
The computation of accrued interest is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= 1,000 × 10%
= $100
The next guesses of the clerk should be less of red shells and more of white shells.
<h3><u>Decision about less of white and more red shells</u>:</h3>
Given that,
Red shell [r] costs = $0.75 each.
White shell [w] costs = $0.49 each.
Total of 8 shells = $4.70
The clerk guesses that the $4.96 for 4 red shells and 4 white shells is greater than the actual purchase.
Therefore,
The clerk should make use of less red shells, and more of white shells, because the unit costs of red shell is more than the white shell.
Learn more about equations, refer:
brainly.com/question/2574274
Answer: a. I, II and III are true
Explanation:
From the question, the statements that are true are:
I. 4% is the desired real rate of interest. II. 6% is the approximate nominal rate of interest required.
III. 2% is the expected inflation rate over the period.
4% is the desired real rate of interest because that's the rate at which the investor is willing to buy the goods in future.
2% is the expected inflation rate over the period because at that rate, there's expectation of future rise in price while 6% is the approximate nominal rate of interest required which is the addition of the 4% and the 2%.
Answer: E) May depend on some future event occurring. It is not a characteristic of known liabilities.
Explanation: Unknown or uncertain liabilities are those whose existence depends on the occurrence of a future event.
Known liabilities <u>are definitely determinable and measurable.</u>
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Answer:
Active monetary policy
d. is the strategic use of monetary policy to counteract macroeconomic expansions and contractions.
Explanation:
- The option a is not correct as when central banks purposefully choose to only stabilize money and prices levels through monetary policy, then this policy is called as passive monetary policy.
- The option b is not correct as it has effect on the economy but not in long run.
- The option c is not correct as when central banks take orders from the ruling party on how to conduct monetary policy then it is not an active monetary policy.
- The option e is not correct as when central bank use only fiscal policy to try to influence the economy can or can't be active monetary policy.
- The option d is correct as the active monetary policy is used to counter the changing economic conditions.
