Answer:
Explanation:
Journal Entry is the way to record transactions, i.e business transactions into the record of account which is called Journal Book. It involves the identification of those account present in the transaction,know the type of account, then with accounting rule, record the transaction.
CHECK THE ATTACHMENT FOR THE PREPARED JOURNAL
Answer:
Dina's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. INCREASES EXPORTS (X) AND INCREASES THE GDP
Charles buys a sweater made in Guatemala. INCREASES IMPORTS (M) AND REDUCES THE GDP
Charles's employer upgrades all of its computer systems using U.S.-made parts. INCREASES INVESTMENT (I) AND INCREASES THE GDP
The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. INCREASES GOVERNMENT EXPENSES (G) AND INCREASES THE GDP
Dina gets a new refrigerator made in the United States. INCREASES CONSUMPTION (C) AND INCREASES THE GDP
Answer:
A. The government should implement subsidies as they would help domestic businesses be able to afford to lower the prices of their goods and thus become more competitive.
Explanation:
The government adoption of subsidies in order to support domestic telecommunication is the most effective solution in the long run. Domestic firms will be able to compete with lower prices as the cost and expenses structure would have a lighter burden over revenue.
Answer:
$7,000 is the amount of revenue in year 1
Explanation:
The amount received from the customer is $24,000,which is payment for work to be performed over 24-month period i.e 2 years
In year 1,the work would be performed from June -December,hence 7-month worth of revenue should be recognized in year 1 as follows
revenue recognition in year=$24,000*7/24=$7,000
The amount of revenue attributable to year 1 on the income statement is $7,000
Ummm, Government does not fund nonprofits.
