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3 years ago

8

A company received a bill for newspaper advertising services received, $400. The bill will be paid in 10 days. How would the tra

nsaction be recorded today

1 answer:

Aleksandr-060686 [28]3 years ago

6 0

Debit Advertising expense $400, credit accounts payable 400.

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Assume the following economic indicators: interest rates on loans are historically low, gasoline prices are low, unemployment ra

DIA [1.3K]

Answer:

Te answer is: The demand for new cars will rise, so the demand for auto loans will also rise, increasing the labor demand in companies that offer auto loans.

Explanation:

When the price of a good or service decreases, the quantity demanded for that good or service will increase.

Interest rates can be considered as the price of a loan, so when interest rates fall, the quantity demanded for loans will increase. This factor plus an increase in car sales, low gasoline prices and low unemployment are the perfect conditions for the auto loan industry to flourish.

When any industry is expected to do so well, their demand for labor is also expected to increase.

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3 years ago

Galaxy, a construction company, buys a particular brand of tiles manufactured by Tiles and Floors, an eco-friendly tile manufact

Olegator [25]

Answer:

a. Resources

Explanation:

Due to the close down of Tiles and Floors, the resource which are eco friendly tiles needed by the construction company isn't available. Therefore, galaxy is currently facing a resource constraint.

I hope my answer helps you

3 0

2 years ago

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during

murzikaleks [220]

Answer:

$3,283

Explanation:

Calculation for the overhead cost be added to Job W at year-end

Using this formula

Overhead cost =(Overhead cost / Direct Labor) *Job W Direct Labor

Overhead cost=($6,365 / $9,500) *$4,900

Overhead cost=0.67*$4,900

Overhead cost=$3,283

Therefore the overhead cost be added to Job W at year-end is $3,283

4 0

2 years ago

If $1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amou

Naddika [18.5K]

Answer:

The rate is greater than 8%

Explanation:

Given

$\small I = 1,000 \left (\left (1+\frac{r}{100} \right )^{n}-1 \right )$

<em>Missing part of question</em>

$I =210$

$n =2$

Required

Is r > 1

We have:

$\small I = 1,000 \left (\left (1+\frac{r}{100} \right )^{n}-1 \right )$

Substitute values for r and I

$210 = 1,000 \left (\left (1+\frac{r}{100} \right )^{2}-1 \right )$

Divide both sides by 1000

$0.210 = \left (\left (1+\frac{r}{100} \right )^{2}-1 \right )$

Add 1 to both sides

$1.210 = (1+\frac{r}{100} \right ))^{2}$

Take square roots of both sides

$\sqrt{1.210} = 1+\frac{r}{100}$

$1.1 = 1+\frac{r}{100}$

Subtract 1 from both sides

$0.1 = \frac{r}{100}$

Multiply both sides by 100

$r = 10$

$10 > 8$

<em></em>

<em>Hence, the rate is greater than 8%</em>

7 0

3 years ago

7. Farmer sells flour to a baker for RM2. The baker uses the flour to make bread, which is sold for RM3. What is the total contr

erica [24]

Answer: RM3

Explanation:

Gross domestic product has to do with the monetary value of the goods that are produced in a particular economy. In this case, the total contribution will be RM3 since it's the final amount that the bread is sold.

It should be noted that RM2 in this case is the intermediate good and should therefore bit be included so that there won't be an overstatement of the GDP and to prevent double counting.

8 0

3 years ago