Answer:
Dr Loss on Impairment $15,520.00
Cr Maturity Debt Securities $15,520.00
Explanation:
Preparation of the journal entry to record the impairment.
Journal entry
Sep. 30
Dr Loss on Impairment $15,520.00
Cr Maturity Debt Securities $15,520.00
($38,500-$22,980=$15,520)
(To record the impairment)
<span>Endowment income is a critical part of the annual
budget of a university and colleges. Based on the given data, the estimated
value of the dollar would be $44.20; this will be the amount of the decline in
the total endowments held by these 10 university. With this, school administrators will be
expected to consider increased in tuition fee and fund raising efforts and implement cost reductions policy.</span>
Previous endowment x 0.77 = Current endowment
<span>Previous endowment = current endowment / 0.77 = $147.9 / 0.77 = $192.10</span>
<span>Reduction = $ 192.10 - $147.90 = $44.20</span>
Answer:
d. $1,000
Explanation:
GDP = Consumption Expenditure + Domestic Private Investment + Government Expenditure + Net Exports ( Exports - Imports)
GDP = ( durable goods in 2018 + non- durable goods in 2018+ services in 2018) + ( Purchase of Machines + Change in inventories ) + ( Paid salaries of soldiers and police officers + expenditure on building missiles and highways) + Net exports ( Exports - imports )
GDP = ( $200 + $200 + $100 ) + ( $200 + ( $500 - $400 )) + ( $200 + $100 ) + ( $400 - $500 )
GDP = $1,000
Hence, the total GDP for 2018 is $1,000.