Answer:
B) calculate the number of years required for real GDP to double
Explanation:
The rule of 70 calculates the amount of time it takes for an investment to double.
Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.
It is calculated as 70 / annual rate of economic growth.
I hope my answer helps you.
Answer:
Explanation:
The reversing entries are shown below:
a. Salary and wages Payable A/c Dr $4,380
To Salary and wages Expense A/c $4,380
(Being reversing entry passed)
b. Salary and wages Expense A/c Dr $7,560
To Cash A/c $7,560
(Being reversing entry passed)
c. Salary and wages Payable A/c Dr $4,380
Salary and wages Expense A/c Dr $3,180
To Cash A/c $7,560
(Being reversing entry passed and the difference is debited to the Salary and wages Expense Account)
Answer:
a. $1,375
b. $1,240
Explanation:
FIFO method
FIFO assumes that the inventory to arrive first will be sold first. Inventory values depend on earlier purchases
Inventory = 185 x $5 + 75 x $6
= $1,375
LIFO method
LIFO assumes that the inventory to arrive last will be sold first. Inventory values depend on recent purchases
Inventory = 130 x $7 + 55 x $6
= $1,240
Answer: D. . Ted and Lisa are clients, and Steven is a customer. The listing agent must disclose to Steven that he/she represents Ted and Lisa and explain customer relationships.
Explanation:
The options to the question are:
A. Ted and Lisa are customers, and Steven is a client. The listing agent must disclose to Steven that Ted and Lisa are customers.
B. Ted and Lisa are clients, as is Steven. The listing agent must disclose to Steven that Ted and Lisa are also clients.
C. Ted and Lisa are customers, and Steven is a client. The listing agent must disclose to Steven that he/she represents Ted and Lisa and explain customer relationships
D. Ted and Lisa are clients, and Steven is a customer. The listing agent must disclose to Steven that he/she represents Ted and Lisa and explain customer relationship
From the question, we are informed that Ted and Lisa are selling their home and have signed a listing agreement and that Steven visits Ted and Lisa's open house, and he is interested in purchasing their home.
The above scenario shows that Steven is a customer while Ted and Lisa are the clients. Steven is a customer as he is the one that wants to buy the house.
The listing agent must then disclose to Steven that he/she represents Ted and Lisa and explain customer relationships.
Answer:
$27000
Explanation:
Given: Beginning Cash balance $14,000
Cash flows provided by operating activities 12,000
Cash flows used by investing activities 8,000
Cash flows provided by financing activities 9,000
Now, calculating the ending cash balance:
Ending cash balance is calculated by subtracting cash outflow from cash inflow.
∴ Ending cash balance= 
Ending cash balance= 
∴ Ending cash balance for December 31, 2019 is $27000.
