The Five Basic Elements of a Paragraph:
1. Unity
2. Development
3. Audience
4. Organization
5. Topic Sentence
Answer: A. Spelling
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Answer:
4%
Explanation:
If the real gross domestic product for the year grew by 2%
The inflation rate also grew by 2%
Then nominal GDP rate can be calculated as follows
= Real GDP + inflation rate
= 2% + 2%
= 4%
Hence the nominal gross domestic product grew by 4%
Answer:
A).price will fall and quantity will fall
Explanation:
A reduction in demand causes the demand curve to shift to the left. The demand for a good may decrease due to a fall in incomes( assuming a normal good), a rise in the price of a substitute commodity, increases in the price of a compliment product, or changes in customer preferences.
Reduction in demand means a product is less desirable in the market. Its price will fall as sellers try to woe buyers to purchase it. The quantity supplied will also decline as few customers will be willing to buy the product.
To record the retirement of bonds we have to debit the bond payable account with $435,376, debit the interest account with $22,914, and credit the cash account with $458,290.
The retirement of the bond takes place when they are required to be redeemed before they mature. In other words, if the company wants to buy back its bonds before the period of the bond is over. Sometimes the company will also have to pay the interest amount that is due on the bond to the bond-holder.
The bondholders are creditors of the company. These are the people to have loaned money to the company and who the company has to pay back either at maturity or when the company wants. This should be specified to the bondholder before issuing him the bond. The transaction that will be written to record the transaction will be:
Bonds Payable a/c Dr. 435,376
Interest a/c Dr. 22,914
To cash a/c 458,290.
(Being the bonds retired and interest amount paid)
Learn more about the retirement of bonds here:
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