<span>Salivary amylase in your saliva breaks down the starchy morsel as you chew. The starch breaks down into maltose that accounts for the sweet taste in your mouth.</span>
Answer: Macro
Explanation:
This is a macro distinction as the producers of soybean in America are concerned about the crop grown in South America as it will affect the overall price level of soybean in America. When the weather in South America is favorable and the crop produce is large, the supply curve for soybean will shift to the left driving down the overall price level of soybean in America.
Thus, because the concern here is about the overall produce and overall price level it is a macro distinction.
Answer:
b) 2 only
Explanation:
The Social Security Act set up the Old Age and Survivors Insurance Trust Fund (OASI), from which retired individuals receive their payments. These benefits are subject to taxes, and can be withheld if a debt is incurred or an over-payment occurs.
The correct answer would be the first option. A note receivable can be transferred to another party by endorsement. It is described as a current asset of an organization that claims a written promissory note from other organization. It is usually made up of the principal and the interest amount.
Answer:
Warranty Expense (Debit) $3,960
Warranty Liability (Credit) $3,960
Explanation:
The principle we apply while making entries for standard warranty is this:
The <u>estimated amount of warranty expense</u>, <em>which a company founds as a percentage of its sales from historical claims and data</em>, is taken as benchmark to accrue the warranty expense in the period when the sale is made <em>(matching principle) .</em>
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In our question, 4.5% is the estimated warranty expense.
The company then sets off the estimated warranty expense (Debit)
(<em>4.5% * $88,000 = $3,960</em>)
with the warranty liability (Credit) to entertain any claims in future.
