Answer:
Date Account Titles Debit Credit
Oct 01 8% Note Receivables $35,000
Land $30,000
Gain on sale $5,000
(To record the sale of the land)
Dec 31 Interest receivable $700
Interest Revenue $700
(35,000*8%*3/12)
(To record Interest Revenue on Note for 3 month recognized)
Answer:
The answer is: E) None of the above
Explanation:
Using an excel spreadsheet and the RATE function, we can calculate the monthly interest rate of renting the TV:
=RATE(36,-60,1000)
= 4.94% monthly interest rate
Then we multiply the monthly interest rate by twelve to get the APR:
APR = 4.94% x 12 = 59.3%
The prevention focus in capturing motivation to be able to
maintain the homeostasis in which is in context or in lined with the regulatory
focus theory that is focused on the behavior of the consumers of who orient
themselves through focus such as promotion of prevention.
Answer:
Economic profit for the year is
Explanation:
The accounting profit will be Revenue - expenses (150,000-35,000) $ 115,000. However this problem requires us to calculate economic profit. Economic profit is different from accounting profit. While calculating it opportunity costs also become part of expenses as implicit costs. Detail calculation is given below.
Economic profit = 150,000 -35,000-20,000 = $ 95,000
Gross domestic product tracks economic growth by measuring all goods and services option B: produced by an economy.
<h3>
What is Gross domestic product?</h3>
Gross Domestic Product is refers to as the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.
Moreover, the term GDP does not include Intermediate goods and services because it is only concerned with the New and Current production.
Therefore, correct option is B.
Learn more about Gross domestic product, refer to the link:
brainly.com/question/14290457
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