Answer:
b. debit to Vacation Pay Expense for $16,400.
Explanation:
current month's accrued = total current's vacaction cost/12
= $196,800/12
= $16,900
Adjusting journal entry will be:
Dr Cr
vacation pay expenses $19,600
to vacation payable $16,900
Therefore, The journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a debit to Vacation Pay Expense for $16,400.
Answer:
The firm's expected rate of return is 9.9%
Explanation:
Please see attachment .
Answer:
The correlation would stay the same, because chainging the measure from thousands of dollars to simply dollars only modifies the nominal values of tuition.
For example, instead of having tuition cost 300 thousand dollars, now it costs 300,000 dollars. The real value, that is to say, the real cost, is the same, and the correlation between applicants and the cost of tuition depends on the real value, not on the nominal value.
Answer:
Real GDP decreases by $100 billion because of the multiplier effect
The new level of GDP will be $200 billion
Explanation:
In an economy, there are no exports and no taxes.
The marginal propensity to consume is 0.9.
The real GDP is $300 billion.
There is a decrease in investment of $10 billion.
This $10 billion decrease in the investment will cause the real GDP to decrease by more than $10 billion. This happens because of the working of the multiplier.
Because of a proportionate change in the investment, the multiplier will cause the GDP to change by more than proportionate.
Multiplier
=
=
= 10
ΔGDP
= Multiplier × ΔI
= 10 × $10 billion
= $100 billion
So a $10 decrease in the investment will cause the real GDP to decrease by $100 billion.
The new level of real GDP will be
= $300 billion - $100 billion
= $200 billion
Answer:
A
Explanation:
he would be better suited for the position going off his degree