Answer:
The accrued interest payable to be reported on December 31, 2014 will be $240 and option a is the correct answer.
Explanation:
The interest rate given on the notes payable is the annual rate. Following the accrual basis of accounting, the revenues and expenses for a period should be matched and recorded in their respective periods. Thus, the interest relating to the period from October to December will be recorded as an expense on 31 December 2014 and debited to interest expense and credited to interest payable as the interest will be paid at maturity.
The interest expense for the 3 month period from October to December is,
Interest expense = 16000 * 0.06 * 3/12 = $240
The entry will be,
31 Dec 2014 Interest expense $240 Dr
Interest Payable $240 Cr
Answer:
The correct answer is number "3": maximize the joint welfare, irrespective of the right of ownership.
Explanation:
Externalities are the side effects of the economy: pollution, noise, unequal distribution, immigration, and resource exploitation are a few examples. the Coase Theorem is a legal and economic theory that looks for economic efficiency in front of externalities like the one described above. In pursuing a Coase solution for externalities that could lead to a socially efficient outcome, increasing the numbers of welfare so enough less favored people and immigrants can have a roof to sleep under might be a good option.
Answer:
Yes, C is right! "increased sales for domestic producers"
Explanation:
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Answer:
E. factor income
Explanation:
Factor income is the return from the sale of factors of production, such as land, labor, and capital used in manufacturing and delivering the goods and services that businesses offer to consumers. Therefore, E is the correct answer.
The trade deficit is the difference between imports and export. So, "C" cannot be the choice.
The balance of international payments is the economic activity and transactions between the resident country and the rest of the world. So, it cannot be the answer.