Answer: b. supply of cell phones to decrease; the price of cell phones would increase and the quantity of cell phones traded would fall.
Explanation:
An economic boom is when there's rapid economic expansion which brings about increase in the gross domestic product, higher inflation and lower unemployment.
If economic boom drives up wages for the sales representatives who work for cell phone companies, this will bring about a reduction in the supply of cellphones by the supplier and since there's a decrease, the prices of the available cellphones will increase because there'll be higher demand for lower.goods which invariably shoot up the price and also, the number of cell phones that are being traded will reduce.
Answer:
A1) Salaries earned are $4,400 ($22,000 / 5) per day. So if the fiscal period ended on a Tuesday, the following records should be made:
- Dr Salaries Expense
8,800
-
Cr Salaries Payable
8,800
A2) If the fiscal period ends on a Wednesday, the following records should be made:
- Dr Salaries Expense
13,200
-
Cr Salaries Payable
13,200
B1) If the amount of insurance expired during the year is $5,300, the following record should be made:
Dr Insurance Expense 5,300
Cr Prepaid Insurance 5,300
Because small business actually do more and got more stuff going on
I belive the answer is D.
hope this helps!
Answer:
Interest revenue = $56
Explanation:
Interest on note receivable calculation:
Note receivable amount × Interest rate × Numbers of period
Given,
Note rwceivable amount = $2100
Interest rate = 8%
Number of period = 6 month
Putting the values into the formula we can get
Interest on note receivable calculation =$2100 × 8% × (6/12)
= $168 × (6/12)
Interest for the notes Receivable for 6 months = $84
The note receivable will be matured on March 1 2022. But we have to calculate the interest for 2021. Therefore Middleton Corp. Will report interest revenue = $84 × (4/6)
= $56
