Answer:
Yank appreciates in relation to Sock
Explanation:
A contractionary monetary policy either results in increased interest rates in New Yorkland or reduced money supply or both.
Increased interest rated would mean that people would save more to take advantage of an increased saving rate. This would cause people to save money and thus reduce the supply of money. The law of demand and supply suggests that lesser supply would up the price that is it would appreciate. This is also true as people in Bostonia may also want to save in New Yorkland thus reducing the supply further as they demand more Yank.
Reducing the money supply any other way would mean as both countries are trade partners there will be demand for Yank but as supply is constricted, it would again appreciate.
Hope that helps.
Answer:
sales tax payable 1,200 debit
cash 1,200 credit
Explanation:
To record this entry we need to understand the sales tax is not an expense for the company as is charged into the invoice and paid by the customers.
The company is an intermediate agent between the customer and the government. The company's role is to collects the tax and pay to the government. We need to record the payment of 1,200 to the government thus, we write-off the sales tax payable and credit the cash give away to the IRS
Answer:durable goods are products that do not need to be purchased often, whereas non-durable goods are products that expire more quickly.
Explanation:
The purpose of insulation is to slow the rate of heat transfer.. in cold climates, it is intended to stop the flow of heat out of the building. In hot climates, it’s purpose is to slow the movement of heat into the building.
Answer:
The answer is: Probable and the amount of the loss can be reasonably estimated.
Explanation:
Losses should be recorded as soon as possible (conservatism principle) as long as they are probable and can be reasonably estimated. A loss doesn't have to occur to be recorded, that is why they are recorded as contingency losses. If the company finds it probable that a loss will happen but can't estimate it, then it can't record it as a contingency loss.
