Answer:
Cash account for $10,100
Explanation:
The journal entry is shown below:
Cash Dr $10,100
To Note receivable $10,000
To Interest revenue $100
(Being the receipt of the payment is recorded)
The computation of the interest revenue is
= $10,000 × 6% × 60 days ÷ 360 days
= $100
For recording this entry we debited the cash account and credited the note receivable and the interest revenue account
We assume the 360 days in a year
I believe that it is GOVERNMENT and PROPORTIONAL. money is directly sent to the governmnet and it is proportional because it is the same percentage not the same amount. if it was the same amount for every person it would be regressive and if it was progressive it would be more for people who make more money.
Answer:
Upward pressure
Explanation:
A country's current account represents its balance of payments in international transactions. The main components of the account include goods and services, net international transfers, and investments. A deficit in the current account implies that a country's imports exceed exports; in other words, the country is a net importer.
A trade deficit implies that local business and citizens are using the local currency to make payments for foreign goods, services, and investments. The local currency has to be converted to the exporting country's currency to facilitate the transaction. The more a country imports, the more it supplies its currency to the currency exchange market.
A decrease in trade deficit means the country has decreased its imports. The supply of its currency in the currency has been reduced, which leads to the currency appreciating in value.
The answer to your question is : D. All of the above
Hope this helps
A sociologist might say that this is an example of how economic action is <u>embedded in</u> social relationships.
<u>Explanation:</u>
