Answer:
a. revenue (R), affecting owner's investment (I)
b. not affecting owner's equity (NOE)
c. expense (E) and affecting owner's investment (I)
Explanation:
Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.
Answer:
The correct answer is the option A: Is less likely to advocate expansionary fiscal policy when the economy is in a recessionary gap than Jones, who believes the economy is not self-regulating.
Explanation:
On the one hand, in the macroeconomics theory when it comes to terms of self-regulating it means that the economy does not need the intervention of the government in order to act properly and satisfy everyone in it.
On the other hand, when it comes to expansionary policy the term is most likely to belong to a situation in where the government does intervene in the economy and therefore that it will try to expand the taxes or other fiscal rates that will improve the collection of the state itself.
And that is why that if Smith believes in self-regulating economies then he will not be in favor of a expansionary fiscal policy in a recessionary gap because he will believe that the economy will fix itself in the right time.
For people who do not graduate from high school, their median yearly earnings are roughly $19,000 per annum.
<h3>What is the meaning of median
yearly earnings?</h3>
The median yearly earnings means the average amount earned per annum by a person.
The individual who do not graduate from high school is also called an high-school dropout, hence, the statistics shows that their median yearly earnings are roughly $19,000 per annum.
Read more about yearly earnings
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Answer:
a) Cost accounting: it is concerned with the provision and the use of accounting information to managers within the organisation to provide them with the basis to make informed decisions.
b) Public accounting: it is a specialised branch of accounting that keeps track of companies' financial transactions.
Explanation:
Cost accounting also known as managerial accounting is an accounting technique that's focused on the identification, measurement, analysis, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.
Basically, cost accounting systems is an accounting system that is used by an organization to report both monetary and nonmonetary information.
Public accounting is an accounting technique that's typically used for analyzing, summarizing and reporting of financial transactions such as sales costs, purchase costs, payables and receivables of organizations (companies) using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).
Answer:
1. 17.2%
2. 11.1%
Explanation:
In a research study carried out by Fama and French in 1992 titled "The Cross‐Section of Expected Stock Returns." Their findings showed that the stocks of firms within the highest decile of book-to-market ratios had an average annual return of 17.2%, while the stocks of firms within the lowest decile of book-to-market ratios had an average annual return of 11.1%
Hence, the correct answer to the question is: 17.2% and 11.1% respectively.