Answer:
Explanation:
Depends on the sample size.
Lots of people, median
Few probably neither is very helpful, but I'll pick the mean.
You need a single word answer? I'll pick median.
The process of developing or being developed.
Answer:
$2.41
Explanation:
1 January-September 30 84,180*9/12=63,135
1 October-31 December (84,180+30,000)*3/12=28,545
Weighted average of common stocks outstanding =91,680
Earning per share (EPS)=Net Income/Weighted average common stocks
EPS=$221,062/91,680
EPS=2.41
Answer:
C
Explanation:
In this question, we are looking at what would be the later effect of the Congress taking steps to make sure that there is an increase in the amount of returns on savings for example, say the amount of interest rate on saved money is increased.
What will happen in this case is that the equilibrium interest rate would be lower while the equilibrium quantity of loanable funds will be higher. What he meant by the equilibrium interest rate is that it is the interest rate at which the amount of money demanded is equal to the amount of money supplied.
Due to the legislation by congress, it is expected that more money would be supplied in terms of bank deposits as people would want to make a higher profit off the legislation. The effect of this is that the equilibrium interest rate will be lower as its balance would have been upset my the availability of more deposits and less demand.
We also say that the equilibrium level of loanable funds will be higher. This is because there would be more money present in the vaults of the bank as savings have been encouraged and people are expected to fill the bank with more money. This thus means the bank has more money to throw around via loans as there is an increase in the amount of savings. This surely would drive up the equilibrium quantity of loanable funds
Answer:
Transactions Account Debited Account Credited
a. Recorded jobs completed on 2 11
account and sent Invoices to
customers
b. Received an invoice for truck 15 8
expense to be paid in February
c. Paid utilities expense. 14 1
d. Received cash from customers on 1 2
account.
e. Paid employee wages. 12 1
S/n Transaction no Journal entry
a. Accounts receivable a/c Dr
To fees earned a/c Cr
b. Truck expense a/c Dr
To accounts payable a/c Cr
c. Utilities a/c Dr
To cash a/c Cr
d. Cash a/c Dr
To accounts receivable a/c Cr
e. Wages Expenses Dr
To Account Payable a/c Cr
