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Zolol [24]
3 years ago
15

Which of the following contributed to the financial crisis of 2008?

Business
1 answer:
yarga [219]3 years ago
5 0

All of the above given options contributed to the financial crisis of 2008.

Option D

<h3><u>Explanation:</u>  </h3>

The 2008 financial crisis has been cumulative of many factors which started in early 2000. Over the period of time from 2000-2008, the government sought to reduce federal funds rates increasing liquidity. The interest rates started increasing and the real estate market was at its saturation point, furthermore, there was also a subprime crisis in terms of loans and mortgages which negatively affected the market.

2008 recession was the climax of all the bad financial decisions that prevailed for many years prior. However, the recession was a global problem and many governments sought to reduce rates, purchased distressed assets and also sought to the nationalization of some financial institutions.

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For each of the users of accounting​ information, identify whether the user is an external decision maker​ (E) or an internal de
REY [17]

Answer:

Four of the concepts are external decision makers and the other four are internal decision makers.

Explanation:

a. customer E

b. pany manager I

c. Internal Revenue Service I

d. lender E

e. investor E

f. controller I

g. cost accountant I

h. SEC E

3 0
3 years ago
On December​1, Mountain and Meadow Tree Service prepaid $6,600 for six​ months' rent. Give the adjusting entry to record rent ex
DerKrebs [107]

Answer:

Mountain and Meadow Tree services prepaid rent $6,600 on December 1 for 6 months rent.

Note for asset and expense accounts when they increase you debit and when they reduce you credit.

The first entry

On December 1 : Debit Prepaid Rent account for $6,600

Narration: Prepaid rent for 6 months

Balance: $6,600

Since the rent is for 6 months, monthly payment will be= 6,600/6= $1,100

On December 31 post the following adjusting entries

December 31 : Debit Rent Expense $1,100

Narration: Rent for December

Balance: $1,100

December 31 : Credit Prepaid Rent $1,100

Narration: Rent for December

Balance: $5,500

6 0
4 years ago
The Route 66 Gift Shop, which records sales and sales tax separately, had sales on account of $1,500 and cash sales of $1,000. T
Romashka-Z-Leto [24]

Answer: D. Debit to Accounts Receivable of $1,620 and a debit to Cash of $1,080.

Explanation:

Route 66 Gift Shop records sales and sales tax separately so we would have to account for both of them in the amount recorded in the Journal Entry.

For the Accounts Receivables therefore the figure we would record is,

= 1,500 + 1500(0.08)

= $1,620

For the Cash Sales would be

= 1,000 + 1000(0.08)

= $1,080

Therefore option D is correct.

5 0
3 years ago
If _________ is constrained, we should __________ the staffing level to lower capacity.
Goryan [66]
 Capacity is constrained when demand exceeds supply and the flow rate is equal to process capacity. The capacity constraint<span> is a factor that prevents a business from achieving more output. </span><span>
If capacity is constrained, we should raise the staffing level to lower capacity.</span>
4 0
3 years ago
On January 1, 2017, the merchandise inventory of Glaus, Inc. was $1,600,000. During 2017 Glaus purchased $3,200,000 of merchandi
valentinak56 [21]

Answer: $1,800,000

Explanation:

The merchandise inventory of Glaus at December 31, 2017 will be:

Begining Inventory = $1,600,000

Add: Purchases = $3,200,000

Less: Cost of goods sold = $4,000,000

Add: Gross profit = 25% × $4,000,000 = $1,000,000

Ending Inventory = $1,800,000

The answer is $1,800,000.

8 0
3 years ago
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