Answer:
The amount after 2 years will be $460590
Explanation:
The payment which is done 2 year from today = $200000
The payment which is done one year from today = $150000
Rate of interest = 3 %
So the amount after 1 year
The amount which is done today = $100000
So amount after 2 years
So total amount after 2 years = $106090+$154500+$200000 = $460590
<u>Answer: </u>Higher spending than taxing results in a deficit, which contributes to more debt.
<u>Explanation:</u>
Here the red bar is referred to the debt and the blue bar is referred to the spending. When the government spending is more it decreases the government revenue and creates a deficit in the funds. When there is deficit it means the government borrows funds for spending which increases the debts.
Government spending to improve the status of the economy in the country. It Invests is various activities for growth and development purpose. Only on collecting high taxes the revenue of the government will increase. When taxes collected are low the government revenue is also low.
<span>C)<span>Specialization leads to interdependence.</span></span>
Answer:
The journal entry is shown below.
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Journal entry
Jul.4 Cash A/c Dr $147
Card charges A/c Dr. $3
To Sales revenue A/c $150
(Being card transaction is recorded)
Computation:
Cash = $150 - 2% × $150 = $147
Card charges = $150 × 2% = $3
