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3 years ago

What is meant by an ‘economic boom’?

2 answers:

8 0

The Economic boom of the 1920s saw rapid growth in GDP, production levels and living standards. The growth was fuelled by new technologies and production processes such as the assembly line. The economic growth also caused an unprecedented rise in stock market values – share prices increased much more than GDP.

Sergio [31]3 years ago

7 0

Marked by productivity increases, sales increases, wage increases and rising demand. economic boom may be accompanied by a period of inflation

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What is one difference between fixed-rate mortgages and variable-rate mortgages?

satela [25.4K]

The correct answer should be B. The interest rate may change depending on the condition of the economy.

Fixed-rate mortgages keep the same rates as they were declared at the time of the contract signing, which can either be great for the person or the bank depending on the economy fluctuations. Variable-rate mortgages change based on the economy which means that the conditions are always kept to a certain standard.

6 0

3 years ago

If you had to pay for your “wants” on your own, how does that affect your ability to acquire them?

Alisiya [41]

Answer:

yes

Explanation:

If you have to buy it yourself you will have the risk of losing hard earned money, so you end up conteplating weather you really want it.

4 0

2 years ago

To remodel a restaurant, Two Brothers Pizza signs a 250-day note with proceeds of $63,159.72 and a maturity value of $68,000. Fi

ser-zykov [4K]

The annual percentage rate is 11.19%.

Annual percentage rate is the yearly interest generated on the loan granted to borrowers or paid to investors.

The formulae for APR is (Maturity Value / Net Proceed - 1) * (365 / Period of Note).,

Given data

Net Proceed = $63,159.72

Maturity Value = $68,000

Period of Note = 250 days

APR = ($68,000 / $63,159.72 - 1) * (365 / 250)

APR = 0.076636 * 1.46

APR = 0.1119

APR = 11.19%

Therefore, the annual percentage rate is 11.19%.

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8 0

2 years ago

Skysong Company purchased an electric wax melter on April 30, 2020, by trading in its old gas model and paying the balance in ca

adell [148]

Answer:

(a) has commercial substance

Electric wax melter 5,720 (debit)

Accumulated depreciation :old gas model 6,930 (debit)

Old gas model : cost 12,320 (credit)

Profit on exchange of old gas model 320 (credit)

Electric wax melter 11,000 (debit)

Cash 11,000 (debit)

(b) lacks commercial substance

Electric wax melter 5,390 (debit)

Accumulated depreciation :old gas model 6,930 (debit)

Old gas model : cost 12,320 (credit)

Electric wax melter 11,000 (debit)

Cash 11,000 (debit)

Explanation:

In terms of IAS 16, if an exchange of non-monetary item has commercial substance the Asset Acquired is measured at the Fair Value of Asset Given up or Fair Value of Asset Acquired.

However if an exchange of non-monetary item lacks commercial substance the Asset Acquired is measured at Carrying Amount of Asset Given up and there would no be any gain or loss on the exhange of asset given up.

(a) has commercial substance

Electric wax melter 5,720 (debit)

Accumulated depreciation :old gas model 6,930 (debit)

Old gas model : cost 12,320 (credit)

Profit on exchange of old gas model 320 (credit)

Electric wax melter 11,000 (debit)

Cash 11,000 (debit)

(b) lacks commercial substance

Electric wax melter 5,390 (debit)

Accumulated depreciation :old gas model 6,930 (debit)

Old gas model : cost 12,320 (credit)

Electric wax melter 11,000 (debit)

Cash 11,000 (debit)

5 0

3 years ago

Assume that the accounts receivable (in millions) were $1,308 at the beginning of

IRISSAK [1]

Answer:

hhhhhhhhhhhhhhhhggggggg

6 0

3 years ago