Answer:
Macroeconomics is a very relevant subfield of economics because it studies economic matters at the aggregate level, that means things such as inflation, unemployment, economic growth, investment, saving, and many other economic phenomena that are very relevant for all countries, all governments, and essentially everybody around the world.
Macroeconomics is a contested field, with some points in agreement, but many others in dispute among economists. For this reason, the policy recommendations that are based on macroeconomic criteria are often very different, and frequently clash into political conflict.
Economic policy decisions never produce exactly the expected result, but they often give a satisfactory result (not always). For example, the monetary policy based on the principles of monetarism did manage to bring down inflation substantially ever since it began to be applied in the late 1970s.
Explanation:
The Journal entry is shown below:-
1. Supplies A/c Dr, $530
To supplies expenses $530
(Being supplies on hand is recorded)
2. Insurance Dr, $125
To Prepaid insurance $125
(Being Insurance for the month is recorded)
3. Depreciation Dr, $75
To Accumulated depreciation $75
(Being depreciation is recorded)
4. Unearned revenue Dr, $920
To service revenue $920
(Being unearned revenue is recorded)
5. Accounts receivable Dr, $330
To service revenue $330
(Being service accounts receivable is recorded)
6. Interest expenses Dr, $80
To Interest payable $80
(Being interest expense is recorded)
7. Salaries expense Dr, $1460
To Salary payable $1460
(Being salary expense is recorded)
Answer:
$952,853.88
Explanation:
The lump sum payment can be calculated using the present value of annuity formula which shall be calculated as follows:
Present value of annuity=R((1-(1+i)^-n)/i)=lump sum payment today
Where R=semi annual payment=$202,000
n=number of semi annual payments=4 since first payment is to be received today
i=interest rate=3%(6/2) in this case since the payments are semi annual.
Lump-sum payment=202,000+202,000((1-(1+3%)^-4)/3%)
=$952,853.88
