Answer:
$5,060
Explanation:
Borrowed caah $506,000
12-month note bearing interest at 5%.
Hence,
$506,000 x 6% x 2/12 = $5,060
Therefore in connection with the note, Universal Travel Inc. should report interest payable at December 31, 2021, in the amount $5,060
Answer:
Repetitive layout
Explanation:
In simple words, Product-oriented layouts can be understood as the model that is grouped around items with equivalent high low commodities or families. Consumer demand is strong enough to warrant the high investment in specialized equipment in such a design. The commodity is standardized or entering a life cycle period that justifies investments in advanced equipment.
Answer:an automatic stabilizer because it falls as income increases, slowing an economic expansion
Explanation:Unemployment Compensation are benefits provided by government to serve as a temporary income when one loses his or her job through no fault of him or her.
The money partly helps one pay expenses while looking for new job
Unemployment compensation is a fiscal policy used as an Automatic stabilizers to stabilise fluctuations in a nation's economic activity.
Similarly, Unemployment compensation payments, falls when the economy is in a phase of expansion since there are few unemployed people filing claims for compensation and rise when the economy is high in recession and high rate of unemployment IE when there are many people filing claims for compensation.
Answer:
The Journal entry will Increase cash and as well Increase Common stock
Explanation:
Based on the information given where we have Cash of the amount of $22,000 and Common Stock of the amount $22,000 on May 23 this means that the journal entry will Increase cash and as well Increase Common stock. And since cash is an asset this mean that it will increased by debit While Common stock will increased by Credit becauee Common stock is a Capital .
Answer:
Option A is correct because the level of saving in percentage for company A is 2% (5000/250000). Whereas the level of saving in the company B is 1.5% which is lower than the savings of company A. This will increase the standard of life in the long run because greater the savings the greater is the amount invested in Financial assets which will decline the interest rate as the funds for investment are in excess it will decline the demand for loans. This investment will earn its investor more which will change his standard of life.
Remember standard of living is measured by:
GDP per capita= Total GDP/ Total population
So if the GDP per person is higher it means his saving are lower. And if the level of saving are lower then the standard of living will decline because the money available for investment is lower in amount. This will not save him enough to maintain his standard of living.
So its true because the level of saving rate of company A is higher this means the standard of living in the near future will also increase with faster pace.