Answer: b
Explanation: i just did it on my test and got B
Answer:
The correct answer is the option D: real GDP and the price level.
Explanation:
To begin with, the <em>"model of aggregate demand and aggregate supply"</em> is the name given to an economy model created by John Keynes many years ago and whose main purpose is to show in a graphic the existing relationship established by Keynes between the price level and the production level. Therefore that, as it is known, the GDP comprehends the production level in this model and it is used in order to try to predict the possible effects that some external factors may have in both the real GDP and the price level.
Answer:
Debit Advertising expense $916.67
Credit Prepaid Advertising $916.67
Being entries to recognize advertising expense incurred for 5 months.
Explanation:
When an amount is paid in advance, the entries posted are
Debit Prepaid Advertising
Credit Cash account (with the amount prepaid)
As the expense is incurred, entries required would be
Debit Advertising expense
Credit Prepaid Advertising (with the amount incurred)
Expense incurred in 5 months
= 5/6 × $1100
= $916.67
Hence the entries required will be
Debit Advertising expense $916.67
Credit Prepaid Advertising $916.67
Being entries to recognize advertising expense incurred for 5 months.
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Answer:
the amount of cash paid is $1,568
Explanation:
The computation of the amount of cash paid is shown below:
= (purchased value - returned goods) × (1 - discount rate)
= ($1,800 - $200) × (1 - 0.02)
= $1,600 × 0.98
= $1,568
hence, the amount of cash paid is $1,568
We simply applied the above formula so that the correct value could come
And, the same is to be considered
