Explanation:
These two policies are combined in numerous ways to influence a country's economic situation.
Fiscal policy, together with monetary policy handled by central banks, is the primary means through which governments influence a country's economy. The two primary elements of fiscal policy are income taxes and government expenditures.
I believe that it will take Marcus 8 months to save 2,500 since he already has 1,300 if you subtract that from 2,500 you get 1,200 and 150 x 8 = 1,200
Answer:
Unearned Revenue $500
To Service Revenue $500
(Being the revenue earned is recorded)
Explanation:
The journal entry to record the revenue earned is shown below:
Unearned Revenue $500
To Service Revenue $500
(Being the revenue earned is recorded)
For recording this given transaction, we debited the unearned revenue and credited the service revenue so that the correct posting could be done
Plus, we ignored the advance received amount as it is not relevant
In macroeconomics, excludability means that sellers can restrict people who do not pay for the product from obtaining its benefits.
Such as, if you want to see a concert at a venue, but you did not purchase tickets if the concert is held inside you are not able to go in and watch the show. You must pay for the good or service you are wanting in order to have access to it.
