Answer: The nation must have a mechanism capable of attracting savings and channeling them into wealth-creating projects. Option C.
Explanation: With higher savings in an economy, a country can be involved in financing higher levels of investment that will boost productivity over the longer term.
Starving the economy of savings and investments can lead to future bottlenecks and shortages.
The Harrod-Domar model of economic growth suggests that, the level of savings is a key factor in determining economic growth rates.
What this basically means is that the level of investment in an economy is limited to the level of savings in that economy.
Therefore a country must strive to attract higher savings in order to create projects that will, in return, create wealth for the country.
Answer:
7%
Explanation:
Interest income if Curtis invested
250,000 x 9% = 22,500
After tax interest income = 22,500 - (22,500 x 24%)
= 17,100
After tax rate of return = 17,100/250000
0.068
Approximately 7%
Answer:
debit to Sales allowance of $50
Explanation:
When some defect in a product is revealed or notified by the buyer, the seller usually grants the customer an allowance which is termed as sales allowance.
It is usually allowed when the customer agrees to keep the product instead of returning the defective product which would constitute sales returns.
Following journal entry is recorded for recording sales allowance
Sales Allowance A/C Dr. $ 50
To Accounts Receivable $50
(Being allowance for defects recorded)
Sales allowance is deducted from gross sales before the customer makes payment.
For me ,I will not taking cash advance on my credit card
Answer:
I used an excel spreadsheet because there is not enough room here.
Explanation:
