Answer:
The journal entry for the following is shown below:
Explanation:
The journal entry for the salary which is paid on January 3 is as:
January 3
Salaries expense A/c..........................Dr $30,000
Cash A/c..............................................Cr $30,000
As the salary is paid worth $30,000, so the salary expense is decreasing and any decrease in expense is debited. Therefore, the salary expense account is debited. And it paid against the cash and the cash is going out of the business and any decrease in cash will be credited. Therefore, the cash account is credited.
Suppose that real GDP per capita in Italy is $36,000. If real GDP per capita is growing at a rate of 3. 6% per year. How many years will it take for real GDP per capita to reach $72,000?
The correct answer is 20 years.
What is GDP per capita?
GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.
In the given case, the real GDP of Italy will be doubled in 20 years which is determined by rule 72.
So, 20 years it will take for real GDP per capita to reach $72,000.
Learn more about GDP per capita here:
brainly.com/question/1383956
#SPJ4
Answer:
c. sell stop limit order.
Explanation:
In this case, a stop order would be issued by a client that instructs his/her broker to sell the stock if the price falls below $40.
But this is a stop limit order because the client has instructed specifically that he/she will not accept a stock price lower than $39.75. A stop limit order sets an specific price limit that the customer will be willing to accept.
Answer:
$27,000
Explanation:
To calculate the balance for the Allowance for Doubtful Accounts account, we first have to calculate the total estimated bad debts for the year = $1,500,000 x 2% = $30,000.
Then we need to add the bad debt that was written off during the year ($9,000) and subtract the balance for the same account at the beginning of the year ($12,000).
= $30,000 + $9,000 - $12,000 = $27,000
