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4 years ago

14

The process of transferring the debit and credit information from the journal to individual accounts in the general ledger is ca

lled:_________

1 answer:

Dmitry_Shevchenko [17]4 years ago

6 0

Answer:

posting

Explanation:

this is following the principle of double entry which states that for every debit entry there must be a corresponding credit entry and vice versa.

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Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a

olga_2 [115]

She might want to open a Motel.

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3 years ago

Suppose $1 comma 500 is deposited in a bank account today (time 0), followed by $1 comma 500 deposits in years 2, 4, 6, an

Ymorist [56]

Answer:

$15,391.91

Explanation:

the first step is to find the present value of the cash flows. After the future value of the sum would be determined.

present value is the sum of discounted cash flows.

present value can be determined using a financial calculator

Cash flow in year 0 = $1500

Cash flow in year 1 = 0

Cash flow in year 2 = $1500

Cash flow in year 3 = 0

Cash flow in year 4 = $1500

Cash flow in year 5 = 0

Cash flow in year 6 = $1500

Cash flow in year 7 = 0

Cash flow in year 8 = $1500

I = 9%

PV = $5472.36

The formula for calculating future value:

FV = P (1 + r) n

FV = Future value

P = Present value

R = interest rate

N = number of years

$5472.36(1.09)^12 = $15,391.91

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

3 0

3 years ago

Under which type of policy does the government reduce its expenditures and increase tax rates? A. contractionary monetary policy

zloy xaker [14]

Answer:

B. contractionary fiscal policy

Explanation:

The government influences economic direction through fiscal policy measures of increasing or decreasing its expenditure and taxation. Therefore, fiscal policies involve the government's actions of adjusting its spending and taxation to achieve desired economic objectives.

Fiscal policies can either be contractionary or expansionary. Contractionary measures are applied to control rising inflation and moderate the rate of growth. These policies aim at reducing liquidity in the market, thereby achieving stable prices. A reduction in government spending and an increase in taxation reduces liquidity or money circulation.

4 0

3 years ago

Marcie conducted a study of the cost of breakfast cereal. She recorded the costs of several boxes of cereal. However, she neglec

tester [92]

Answer:

The advice is wrong. A sampling error only accounts for the difference in results based on the use of a sample rather than the entire population.

Explanation:

7 0

3 years ago

Onomics-CPB 2020

inessss [21]

Answer:

Cashiers - 3,550,500

Retail - 4,602,500

Office Clerks - 3,117,700

General Combine Foods - 3,452,200

Registered Nurses - 2,955,200

Explanation:

I just took it and got them right

3 0

3 years ago

Read 2 more answers