Answer:
The correct answer is:
13.77% (C)
Explanation:
what we are asked to calculate effectively in this question is the average of the growth rates in the four years. And the average or mean growth rate is the sum of the growth rates divided by the number of years. It is calculated as follows;
average growth rate = sum of growth rates from 2006 to 2009 ÷ number of years
Average growth rate = (0.5196 + 0.0213 + 0.0485 + (-0.0387)) ÷ 4
= 0.5507 ÷ 4 = 0.13765.
Next we have to convert 0.13765 to percentage.
0.13765 = = 13.77%
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
Answer:
A) Debit Accounts Receivable, $225; credit Fees Earned, $225
Explanation:
Willis owes Jefferson $225 (= 15 hours x $15 per hour).
The accounts receivable is debited because it represents money owed to Jefferson. Since it is an asset account and it increases, it should be debited.
Fees earned is a revenue account and since it increases, it should be credited.
Answer and Explanation:
The journal entry is shown below:
Overhead $4,700
Cost of goods sold $4,700
(Being overapplied overhead is closed)
Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense