Answer and Explanation:
The journal entries are shown below:
1 Equipment $53,420
To Cash $53,420
(Being the equipment is purchased for cash is recorded)
The computation is given below:
= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost
= $49,500 + $3,650 + $100 + $60 + $110
= $53,420
2. Depreciation expense $9,614
To Accumulated Depreciation - Equipment $9,614
(Being the depreciation expense is recorded)
The computation is shown below:
= ($53,420 - $5,350) ÷ ( 5 years)
= $9,614
Answer:
This situation means that resources were not being efficiently used.
If society managed to produce 1 more unit of X with the same resources and technology, this means that some resources were idle in the past, which causes inefficiency.
This also means that the combination 3 units of X and 4 units of Y is a point inside the PPF. However, we do not know if the combination 4 units of X and 4 units of Y is a point inside the PPF, or on the PPF, because there could be some other combination that could be even more efficient (for example 5 units of both X and Y with the same resources and technology).
Answer:
either this is a stupid question or this isnt asked right hahaha, based on the basic info here, 51??
Explanation:
Large-denomination CDs are negotiable so that like a bond they can be resold in a secondary market before they mature.
- A lender is more likely to make long-term loans as opposed to short-term loans when interest rates are anticipated to rise in the future.
- Noninterest revenue, or off-balance sheet activity, can help banks raise their earnings. What impact do off-balance sheet activities like securities guarantees and backup credit lines have on the risk that the bank faces?
- Banks profit more when interest rates are higher by capitalizing on the discrepancy between the interest they pay to customers and the interest they may gain on investments.
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