Answer:
Dr Raw materials $81, 000
Cr Accounts payable $81,000
Explanation:
Preparation of the journal entry to record the purchase of raw materials for Gullett Corporation
Since we were told that the Corporation already had the amount of $32,000 of raw materials on hand in which they later purchased an additional amount of $81,000 of the raw materials this means we are going to record the Journal entry by Debiting Raw materials with the amount of $81, 000 which is the additional amount of the raw materials purchased and to Credit Accounts payable with the same amount of $81,000.
Dr Raw materials $81, 000
Cr Accounts payable $81,000
(To record purchase of raw materials)
Answer:
Note: The full question is attached below as picture
Business Cycle Dating Committee and the National Activity Index are two methods used to monitor the phases of the business cycle <em>established by the Federal Reserve Bank of Chicago.</em>
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National Activity Index: uses a weighted average of over 80 economic indicators to identity business cycle trends.
Business Cycle Dating: uses updated or revised information to determine phases of the business cycle .
Business Cycle Dating: identifies recessions with a considerable lag making it less useful for designing policy.
National Activity Index: does a good job in identifying recessions in the current time frame.
Neither Business Cycle Dating Committee nor the National Activity Index: compiles the financial statements of publicly traded companies.
Because if everyone went and had the same job no one else would know how to do the other jobs causing our entire economy to fail and entire city’s failing too.
Answer:
True, but it rarely works well.
Explanation:
The most recent and largest failure by the International Monetary Fund (IMF) has just happened in Argentina, where the government received over $50 billion in loans that it is unable to pay. The IMF has never been successful in any country where it has helped to develop a new economic plan. Ironically, some Nobel prize winners (including Joseph Stiglitz) tell countries to do exactly the opposite to what the IMF tells them to do, and that has worked much better.
On the other hand, the World Bank has had some limited success in South American countries like Bolivia and Uruguay, specially with helping to develop new industries or expand existing ones. In Bolivia it helped to develop a new agricultural plan that improved the economy of the Santa Cruz region a lot, and it is one of its major economic successes. In Uruguay it financed new projects related to paper businesses that increased the nations GDP by almost 10%.
This is the reason why the IMF has such a bad rep while the World Bank is still seen as a valid option for financing large investment projects.
