Answer:
Given that,
Value of promissory note = $11,700
Time period = 60 days
Interest rate = 14%
Interest revenue:
= Note value × Interest rate × Time period
= $11,700 × 0.14 × (60/360)
= $273
Therefore, the journal entry is as follows:
Accounts receivable A/c Dr. $11,973
To Interest revenue $273
To Notes receivable $11,700
(To record the dishonored note)
Answer:
knowledge and awareness, including accurate information about child development and appropriate expectations for children's behavior at every age. Such knowledge can help caregivers see their children in a positive light and promote their healthy development.
Explanation:
Answer:
Inflation rate= 0.03 = 3%
Explanation:
Giving the following information:
Nominal interest rate= 0.05
Real interest rate= 0.02
<u>To calculate the inflation rate, we need to use the following formula:</u>
Real interest rate= nominal interest rate - inflation rate
Inflation rate= nominal interest rate - real interest rate
Inflation rate= 0.05 - 0.02
Inflation rate= 0.03 = 3%
A decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
<h3>
What is crowding out?</h3>
- Crowding out is a phenomenon in economics that occurs when increased government participation in a sector of the market economy has a significant impact on the rest of the market, either on the supply or demand side of the market.
- One type that is commonly discussed is when expansionary fiscal policy reduces private-sector investment spending.
- Government spending is "crowding out" investment because it requires more loanable money, raising interest rates, and limiting investment spending.
- This fundamental study has been expanded to include numerous channels, which may result in little or no change in total output.
Therefore, a decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
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Answer:
workplace in New York City and delivered a summons to appear in court in Maryland. The lawsuit against her relates to property damage that occurred in a home sh rented in New Jersey, which