Answer:
The correct interpretation of the given problem is outlined in the following portion of the explanation.
Explanation:
On 2019,
Company purchased = $540,000
Life useful = 5 years
(1)...
On year 2019,
On putting the values, we get
⇒ 
⇒ 
Journal - Dr $108,000 in depreciation A/c.
(2)...
Assets A/c Dr $ 92,880, To reassess surplus $92,880
Now,
On putting the values, we get
⇒ 
⇒ 
(Gained revaluation)
(3)...
On year 2020,
On putting values,
⇒ 
⇒ 
Journal - Depreciation A/c Dr. $131,220
.
(4)...
Surplus revaluation: Dr $39,312
On putting values,
⇒ 
⇒ 
(Loss revaluation)
The flexible budget performance report directs management's attention to areas where:corrective action can help control operations.
<h3>What is flexible budget performance report?</h3>
Flexible budget performance report can be defined as the type of report that enables the management of a company to determine the difference between quantity variance and price variances.
Flexible budget performance report is important for companies as it draw their attention to areas were they need to take corrective action that will lead to efficiency.
Inconclusion it directs management's attention to areas where:corrective action can help control operations.
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When using the indirect method, adding an increase in an account such as Wages and Salaries Payable to net income eliminates the effect of recording Wages and Salary Expense that <u>according </u>this period.
<h3>What is
net income?</h3>
Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement.
- Revenues less costs, taxes, and interest equal net income (NI).
- NI is used to compute earnings per share.
- Because costs can be concealed via accounting techniques or revenues can be artificially overstated, investors should carefully examine the data used to calculate NI.
- In addition, after deducting taxes and deductions from gross income, NI is a person's total income or pre-tax income.
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Answer:
b. increase government expenditures or decrease the money supply
<em>Explanation:</em>
<em>If the government wanted to stabilize output, there are a couple of levers they could pull. These are fiscal policies and monetary policies, fiscal policy, is all about changing how much we spend, if government has more money to spend, they can better negotiate and also decide how money is spent to a degree. So, the theory is if the government spends more, that would increase total output. The second lever to pull is messing with the money supply, monetary policy, If maybe there's more money out there, lower interest rates, it might increase output however because we are dealing with the price of imported oil decreasing the money supply would be the move to make because by decreasing the money supply we can make our currency more valuable, it's important to remember that the price of imported oil would not be affected by domestic monetary policies. If the money supply were increased our currency would devalue which would be counterproductive because a weaker currency means we pay more for imports. </em>
Answer:
The “sphere” in lithosphere, atmosphere, and hydrosphere means envelop. The atmosphere, therefore, consists of gases that envelop the Earth. The hydrosphere defines the water that covers 71% of the Earth's surface. The lithosphere refers to the rocks of the Earth's surface and upper mantle, or the depth of the plates.
Explanation:
