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Hoochie [10]
3 years ago
15

The journal entry to close revenue accounts includes

Business
1 answer:
Natasha_Volkova [10]3 years ago
3 0

Answer:

debiting the revenue accounts and crediting Cash.

d.

Explanation:

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The __________ rate tells you how much one unit of currency is worth when converted to another currency.
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the answer is A. exchange

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3 years ago
Suppose the fixed interest rate on a loan is​ 5.75% and the rate of inflation is expected to be​ 4.25%. The real interest rate i
Alex

Answer:

Lenders loose and borrowers gain

Explanation:

Whenever inflation increases the value of money falls and technically erodes interest rates (hence real interest rate falls although nominal rate stays the same)

In the scenario, if the inflation rate rises to 5.5%, then the real interest rate falls further from 1.5% to (5.75% - 5.5%) 0.25%, demonstrating that the lender is loosing further.

Contrarily, the borrower will technically be paying lesser interest to the lender because he will be paying lesser money in value to the lender both in terms of interest and principal

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3 years ago
The promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities,such as trade sho
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Answer: Sales promotion

Explanation:

Promotion includes all the techniques sellers use to motivate/persuade people to purchase their product or services.

Sales promotion is a part of the promotional mix that uses media and non-media outlets to improve product awareness, increase consumer demands and marketability. It helps in stimulating consumers' interest in a product.

Sales promotion programs are designed to enhance personal selling, advertising, public relations, and other promotional efforts.

Sales promotions can take place both within/inside and outside an organization. It helps to attract new customers, with old existing customers and ease competition.

3 0
3 years ago
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How do u write the abbreviation in full ??? Please help
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What’s the Acronym? (A acronym is like LOL, or OMG)
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3 years ago
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If the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potat
Anuta_ua [19.1K]

Answer:

A. The USA specializes in potatoes because of its comparative advantage in producing potatoes.

Explanation:

US         1 ton of potatoes or 0.5 tons of wheat = 2

Ireland  3 tons of potatoes or 2 tons of wheat = 1,5

8 0
3 years ago
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