Answer:
A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions
B) Bank rules can be copied, edited, or deleted
C) You can automatically add transactions to the register using Bank Rules
Explanation:
Bank rules help in the creation of transactions that are imported from the bank feed automatically.
The three statements regarding Bank Rules that are true are:
A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions
B) Bank rules can be copied, edited, or deleted
C) You can automatically add transactions to the register using Bank Rules
Answer:
Letter C is correct
Explanation:
Passive trading strategy is correct. In the case of an investor-friendly market, the valuation of an investment fund will be ascertained and thus the value of capital gains will be higher. Therefore when investing in an EFTD which is an investment fund that uses benchmarks where the gains are equal to or greater than the index. The investor has the possibility for a specialist to identify and track the best time in the market to make purchases and sales.
Answer:
Pedigo Corporation
Journal Entries
Debit Credit
Amortization Expense - Patent $10,000
Patents (Working 1) $10,000
<em>To record amortization of Patents on December 31, 2020</em>
Explanation:
Working 1:
Amortization expense = Patent cost x 1/5 year x 8/12 months
= $75,000 x 1/5 x 8/12
= $10,000
Note that no entry is made to to amortize Goodwill worth $150,000. This is because Goodwill has an indefinite life. As only entries to record amortization are required, there is no other entry on December 31, 2020.
Answer: D. Increase M1 to reduce unemployment but adding to inflation, or decrease M1 to reduce the inflation while adding to unemployment.
Explanation:
M1 is the money which consist of coins and physical currency, travelers checks, demand deposits, etc. M1 is the most liquid part of money supply due to the fact that it is made up of the currencies and the assets that can be changed to cash quickly.
From the question, we are told that agricultural output is a large part of Econland's GDP and that a bad weather resulted in a shock to Econland's economy. The best way to address the situation is to increase M1 to reduce unemployment but adding to inflation, or decrease M1 to reduce the inflation while adding to unemployment.
When money supply is increased, there will be more money in circulation which will bring about increase in demand and employers will employ more people due to this. It should also be noted that due to more money in circulation, there will be inflation which means rise in the prices of goods and services.
Therefore, the government has to choose between increasing M1 to reduce unemployment but adding to inflation, or decrease M1 to reduce the inflation while adding to unemployment.
The interest earned compounded annually at $80.14
$1000 x (1.07)^2=1144.90 after 2 years
1144.90 x 0.07 = 80.14
A technique of calculating and adding interest to funding or mortgage as soon as a year, in preference to for any other period: if you borrow $100,000 at five% hobby compounded annually, after the first yr you'll owe $five,250 on a principal of $a hundred and five,000.
It's far to be mentioned that the above-given system is the general components while the major is compounded n quantity of instances in a yr. If the given most important is compounded annually, the quantity after the term at percentage fee of interest, r, is given as A = P(1 + r/a hundred)t, and C.I. could be P(1 + r/100)t - P.
That stated, annual hobby is commonly at a higher rate because of compounding. in place of paying out monthly, the sum invested has twelve months of increase. But if you are able to get the equal price of interest for month-to-month payments, as you can for annual bills, then take it.
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