Answer:
2021 understated by $3,060
2022 overstated by $3,060
Explanation:
<u>June 30, 2021</u>
DEBIT CREDIT
Note receivable $68,000
Sales $68,000
<u>Dec 31, 2021</u> (July 1, 2021 to Dec 31 2021)
DEBIT CREDIT
Interest receivable $3060
Interest Income $3060
Working = 68,000 x 9% x6/12 = $3060
<u>March 31, 2022</u>
DEBIT CREDIT
Cash 72,590
Interest receivable 3,060
Interest income 1,530
Note Receivable 68,000
Working = 68000 x 9% x 3/12 = 1,530
2021 income will be understated by $3,060 if adjusting entry is not prepared and revenue is not recognized
2022 income will be overstated by $3,060
Done all of these.Forced the growth of real wages to keep pace.Encouraged greater labor mobility.Caused some employers to use more part-time and temporary workers.
<h3>What has caused rising health care costs in the USA?</h3>
- Healthcare expenditures have increased as a result of rising premiums, greater deductibles and copays, and skyrocketing prescription drug costs.
- The Centers for Medicare & Medicaid Services1 estimate that by 2021, healthcare spending will have risen to $4.3 trillion. Because they have significant power over which medications are sold on the market, how they are promoted, and what prices they are charged, pharmaceutical corporations have a significant role in escalating health care expenditures.
- Pharmaceutical corporations promote both new medications and new diseases Due to greater health care costs, people have less money available for other purchases of products and services.
- High health care prices might make healthcare less accessible, drive customers bankrupt, and deplete retirement funds.
To learn more about U.S health care cost refer
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Answer:
Increased spending power.
Explanation:
At a lower price level, consumers are likely to have higher disposable income and therefore spend more.
Walmart and other foreign retailers in India will face problems related to
• Cultural differences.
• Governmental obstacles will also affect foreign companies to do business in India.
• There are lot of small business competitors that can also pose threat to Walmart and foreign companies.
• People in India, would prefer to buy products from smaller store rather than big shopping mall.
