Answer:
Date Account Title Debit Credit
12/31/2019 Notes Payable $4,500
Interest expense $20,881
Cash $25,381
<u>Working </u>
Interest expense = 5% * 90,000
= $4,500
Notes payable = 25,381 - 4,500
= $20,881
This is the principal repayment amount.
Accounting information system integration is the process of standardizing the procedure for recording transactions and disseminating financial information. <span />
Answer:
The answer is: Variable inflation is associated with high transaction costs
Explanation:
Inflation happens when the general prices in an economy rise, so the currency loses purchasing power.
When inflation rises too much (a little inflation, i.e. 1-2% is good) then both businesses and the general public will tend to have less money on their accounts and try to invest on assets that yield them a return. But when they need their money, they have to go through a series of financial transactions from non liquid assets (e.g. bonds, etc.) to liquid accounts (e.g. check account) or vice-versa.
An activity measure focused on the number of items produced in the production process is called a(n) <u>Output</u> measure. Output; activity focused on measuring number of items produced in a production process in a firm is known as output measurement.
More about output measure:
When we talk about output measurement in production another contradictory term which comes to our mind is outcome measurement.
Output measurement:
Measures of an organization's output what it generates during production. For a health department, an example of this may be the quantity of homes that have had their lead paint examined. Or the number of people trained as part of a training programme
Outcome measurement:
Measures related to what the organization aims to achieve. These are sometimes divided into short-term, medium-term and long-term measures.
Know more about Output measurement here:
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Answer:
The answer is: remain the same
Explanation:
The marginal utility of a good or service is how much better we feel when consuming an extra unit of that good or service. For example if we are very thirsty, the marginal utility of consuming a can of Coke is very large, but once our thirst is quenched, an extra can of Coke will not provide use with that much satisfaction as before.
If the price of a substitute good increases, the marginal utility of the good whose price didn't change, will remain the same.
Let's go back to the Coke example. An extra can of Coke will give me 5 more satisfaction units (I'm assuming I can measure satisfaction) and an extra slice of pizza will give me 7 more units of satisfaction. If the price of Coke increases from 50 cents to $1, its marginal utility will decrease. I will buy more pizza because the satisfaction I get from drinking Coke is now smaller.
