This 18th-century economist is Adam Smith who is hailed the Father of Economics. In his 1776 book "An Inquiry Into the Nature and Causes of the Wealth of Nations" Smith argues that society benefits in a free economy in which individuals are motivated by their own self-interest which unintentionally benefits society as a whole. Smith's aim using the term moreover was to attack the mercantilist system which was prevalent during his time.
Answer:
The Completed lost of Library is
Explanation: $1224880
Solution
Given that:
Amount Period Average expenditure
Accumulated
expenditure Jan 1 735000 9/9 735000
Feb. 28 99000 7/9 77000
Apr. 30 189000 5/9 105000
Jul. 1 45000 3/9 15000
Sept. 30 73000 0 0
Average Accumulated
expenditure 1141000 932000
Interest to be capitalized = 932000*12%*9/12= $83880
The Completed lost of Library = 1141000+83880= $1224880
Answer:
Ending cash balance = $13,000
Explanation:
<em>A cash budget is statement that shows the estimated cash receipts and the estimated cash payments for a forth coming accounting period. In addition, it provides information about the expected cash balance for the period to which it relates.</em>
With help of a cash budget, a business can plan ahead for the usage of its surplus funds and how to finance its deficit cash position
Ending cash balance = Beginning cash balance + cash receipts - cash payment
= 3,000 + 50,000 - 40,000
Ending cash balance = $13,000
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