Answer:
$108,937.50
Explanation:
Data provided in the question
Time period = 15 months ago
Sale value of the property = $105,000
Per month rate = 0.25%
So by considering the above information, the adjusted price of the comparable property without compounding is
= Sale value of the property × (1 + (per month rate × time period))
= $105,000 × 1.0375
= $108,937.50
Answer:
The ending debit balance in the Cash account is $25,000
Explanation:
The amount of cash Travis received in the month=Cash sales for the month=$12,000
The amount of cash Travis paid in the month = Cash paid for current-period purchases + Cash paid for amounts due from last month = $5,000 + $6,000 = $11,000
The ending Cash account balance = The beginning cash balance + Cash received in the month - Cash paid in the month = $24,000 + $12,000 - $11,000 = $25,000
The ending debit balance in the Cash account is $25,000
Answer:
From the historical references, we can say that the two leading command economies of the world, China and the Soviet Union both made the transition to the mixed economy.
Explanation:
A command economy refers to the economic system where all significant facets of the economy and economic production are controlled by the Government. In the command economy, it is the government that makes the decision of what to produce, how to produce, and how to distribute the manufactured products and services within the economy. It establishes a very dominant government which restricts the rights of its citizen to seek economic goals. It inevitably creates an environment in which governments will expand their influence over certain aspects of human life. Most command economies, including the Soviet Union, started making the transition to a mixed economy from the 1980s onward. This entailed a privatization process and price deregulation.
Inflation I'm pretty sure, hope it helps ;)
Answer:
False
Explanation:
The trial balance is prepared at the end of a counting period after all the accounts have been closed. The trial balance captures all the debits on one side and credits on the other. If the trial balance does not balance, it signifies errors in the general ledger. A balanced trial balance does not guarantee the absence of errors.
In preparing a trial balance, accountants usually follow the order of accounts as they follow each other as per the general ledger. It is not a requirement that either debits or credits come first.