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2 years ago

If the consumer price index was 170 in one year and 180 in the next year, then the rate of inflation is approximately:

Business

2 answers:

aliina [53]2 years ago

8 0

Well the answer is quite easy just count From 170 to 180 and that leaves u with 10 so ur answer is ten

9966 [12]2 years ago

4 0

The answer is 5.9 percent

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Which Of the following is the most important academic skill that you would need in a scientific career?

Svetlanka [38]

Research skills

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3 years ago

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The balance in the prepaid insurance account before adjustment at the end of the year is $27,000. Journalize the adjusting entry

Radda [10]

Answer:

(A) Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

(B) Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

Explanation:

Prepaid insurance account before adjustment = $27,000

(A) the amount of insurance expired during the year is $20,250

To account for the expired amount,

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

(B) the amount of unexpired insurance applicable to future periods is $6,750

Amount expired = $27,000 - $6,750

= $20,250

To account for the expired amount such that the amount of unexpired insurance applicable to future periods is $6,750,

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

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3 years ago

A company has advance subscription sales totaling $45,000 for the upcoming year when four quarterly journals will mailed to cust

riadik2000 [5.3K]

Answer:

Debit Unearned Revenue $11,250

Credit Sales $11,250

Explanation:

B. It is an income for the company. Prepaid subscription is an expense for the company. Therefore, it is incorrect.

C. It is contradictory as the company already recorded the first quarter transaction. Therefore, Unearned revenue should be debit. So, it is also incorrect.

D. According to the revenue recognition, revenue is recognized when they are earned. Therefore, the company acquired the cash when the company received last year. So, it is incorrect.

E. Again, cash cannot be credit. Therefore, it is incorrect.

A is the correct answer. As, when the company received the payment, unearned revenue was credit. As the income is now recorded for the first quarter, $(45,000/4) = $11,250 of unearned revenue becomes earned. So, it is debit. Since it is a sale of a company, the sale becomes credit.

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3 years ago

Bailey Company's flexible budget cost formula for indirect materials, a variable cost, is $0.60 per unit of output. If the compa

kolezko [41]

Answer:

$4,600

Explanation:

Standard rate = $0.60

Unit produced = 9,000

Favorable spending variance = $800

Material spending variance = [Standard rate - Actual rate) * Unit produced

Material spending variance = [Standard rate*Unit produced - Actual rate*Unit produced

$800 = [$0.6*9000) - Actual cost

Actual cost = [$0.6*9000) - $800

Actual cost = $5,400 - $800

Actual cost = $4,600

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2 years ago

A bank has agreed to lend you $53,000 for a home loan. The loan will be fully amortized over 39 years at 13.50%, with .44 points

Natali [406]

Answer:

the actuarial rate is $599.44

Explanation:

The computation of the actuarial rate is given below:

= $53000 × 1.13% × (1+1.13%)^468) ÷ ((1 + 1.13%)^468 - 1)

= $599.44

The 1.13% comes from

= 13.50% ÷ 12

= 1.13%

And, the 468 comes from

= 39 × 12

= 468

Therefore the actuarial rate is $599.44

The same is to be relevant

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