Answer:
See explanation
Explanation:
See the images to get the result.
Answer:
a. Decline
Explanation:
Whenever there is a reduction in the price level, this results in gains in the real money supply which eventually moves the LM curve to the right.
Hence, given that, the IS curve has a downward slope, the IS and LM curves will meet at a higher level of income and a lower interest rate.
Therefore, the correct answer, in this case, is Option A: DECLINE
Note LM means Liquidity and Money
While IS means Investment and Savings.
Answer:
b) $500 is recognized in year 1 and $8,500 in year 2.
Explanation:
The calculation is shown below:
Since the payment is received for 18 months of $9,000
So for one month, the payment is
= $9,000 ÷ 18 months
= $500
This $500 should be recognized in year 1 and the remaining amount i.e
= $9,000 - $500
= $8,500
This $8,500 should be recognized in year 2
Hence, b option is correct
Answer:
Spot market
Explanation:
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Answer:
Concord Corporation has outstanding accounts receivable totaling $1.29 million as of December 31 and sales on credit during the year of $6.30 million. There is also a debit balance of $6100 in the allowance for doubtful accounts. If the company estimates that 2% of its accounts receivable will be uncollectible, the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense will be $25800 - option B.
Explanation:
Estimated uncollectible = 2% of account receivables
Allowance account’s adjusted balance must be the same as estimated uncollectible balance.
Therefore, the adjusted Allowance for Doubtful Account = $1.29 millions x 2%
= $1.29*0.02
The adjusted Allowance for Doubtful Account = $ 0.0258 millions or $ 25,800.
Therefore, the correct answer is $ 25,800 - option B.