A. 1% increase in the price of the good causes the supply curve to shift upward by 4 percent.
Answer:
August 2 Notes Receivable 8000 Dr
Accounts Receivable- Ryan 8000 Cr
October 30 Interest receivable 220 Dr
Interest Revenue 220 Cr
October 31 Cash 8220 Dr
Notes Receivable 8000 Cr
Interest Receivable 220 Cr
Explanation:
When we receive the Note against the Accounts Receivable, we will credit the Accounts Receivable to close the account of Ryan and create a new current asset account of Notes Receivable on August 2.
On October 30, 90 days period of Note is complete so we will record the interest that is receivable for us on this note.
- Interest Receivable = 8000 * 11% * 90/360 = $220
We record this as Interest Receivable as we have not received this and credit Interest revenue as it is our income.
On 31 October, when we receive cash it will be total of Notes payable and Interest so we will debit cash by 8220 and credit the Notes payable and interest receivable.
STEM: nanobiologist, statistician, automotive engineer.
Information Technology: database administrator, computer help desk technician, video game designer.
Arts, A/V Technology, and Communications: printing equipment operator, special effects artist, graphics illustrator.
Answers:
It won't be advisable to transform this executive agencies to independent agencies, because it will reduce the power of the president, and therefore reducing the ability of the president to carry on it's agenda.
ADVANTAGE OF THE TRANSFORMATION:
1) Their will discharge their duties without any political influence.
2) The president will not longer have strong influence on their decision.
3) Each head of the agency will have a specific time and duration for it plans to be achieved before the end of it's tenure.
DISADVANTAGE OF THE TRANSACTION:
1) It will develop fight for power and control in the decisions of the agency, between the president and the head of the agency.
2) it will take away harmony been seen between the president office and the agency.
3) it will reduce the power been invested in the president in carrying on a better administration.
Executive heads owe allegiance to the president, because their are appointed by the president, and can only be removed by the president. During appointment, the president usually appoints it's loyalist that is qualified to head the agency. This is why some of their heads resign, when their can no longer cope with the will of the president.
