All the following are benefits of attending a community college except that

With respect to how economists study the economy, which of the following statements is most accurate? a) Economists study the pa

vampirchik [111]

Answer:

Option (c) is correct.

Explanation:

Economists refers to the people who are doing research, analyzing data and measure the qualitative activities in terms of money.

For research perspective, one should have proper knowledge about the research problem that he or she need to address in his or her research. Then he should collect the reliable and accurate data for the analysis. Data is very important for a particular research study.

Once the data is ready to analyze then the economists run the data and interpret the results.

5 0

3 years ago

Rauch Incorporated leases a piece of equipment to Donahue Corporation on January 1, 2017. The lease agreement called for annual

Likurg_2 [28]

Answer:

PART-1)

Fair value of leased asset to lessor = 25,000

Minus: PV of un-guaranteed residual value $8,250 X 0.82270 = 6,787

Amount to be recovered through lease payments = 18,213

Four periodic lease payments ($18,213 /3.72325) = 4,892

PART-2)

01/01/2017

Debit: Cash = 4,892

Credit: Unearned Lease Revenue = 4,892

12/31/2017

Debit: Unearned Lease Revenue = 4,892

Credit: Lease Revenue = 4,892

12/31/2017

Debit: Depreciation Expense = 3,333

Credit: Accumulated Depreciation – Equipment = 3,333

6 0

3 years ago

If Pratt Company issues 5,000 shares of $5 par value common stock for $210,000, the accounta. Common Stock will be credited for

antiseptic1488 [7]

Answer:

d. Cash will be debited for $210,000.

Explanation:

The journal entry for the issue of shares is shown below:

Cash A/c Dr $210,000

To common stock (5,000 shares × $5) = $25,000

To Paid-in Capital in Excess of Par Value $185,000

(Being issue of shares recorded)

So, the cash account is debited whereas the common stock and paid-in capital should be credited

And, the remaining balance should be transferred to the Paid-in Capital in Excess of Par Value

5 0

3 years ago

The denominator in the fixed asset turnover ratio is

jonny [76]

The denominator of the fixed asset turnover ratio is AVERAGE FIXED ASSET.
The fixed assert turnover ratio refers to the ratio of sales to the value of fixed asset of a company. The ratio is very important in evaluating how a company is using its fixed assets to generate sales.
Mathematically, fixed asset turnover ratio = Net sales / Average fixed assets.
The numerator is net sales while the denominator is average fixed asset.

4 0

3 years ago

Suppose that Scoobania, which has full employment, can obtain 1 unit of capital goods by sacrificing 2 units of consumer goods d

Leviafan [203]

Answer:

The correct answer is option c.

Explanation:

An economy named Scoobania is operating on full employment level. The production possibility curve of this economy is such that it can produce 1 unit of capital goods by sacrificing 2 units of consumer goods.

This means that the opportunity cost of one unit of capital goods is 2 units of consumer goods. However, through international trade this economy can obtain 1 unit of capital goods for 1 unit of consumer goods.

This implies that the economy will be able to consume more of both capital goods as well as consumer goods. This indicates that Scoobania will be able to consume at a point beyond its production possibility curve.

3 0

4 years ago