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3 years ago

Journalize the following transactions:______.

Business

1 answer:

andrew-mc [135]3 years ago

5 0

Answer & Explanation:

Cash ac dr 15000

to Capital ac 15000

Car ac dr 8200

to Cash ac 8200

Purchase ac dr 500

to creditor ac 500

Debtor ac dr 1800

to Sale ac 1800

Advertisement ac dr 200

to Cash ac 200

Cash ac dr 780

to Debtor ac 780

Creditor ac dr 300

to Cash ac 300

Dividend ac dr 500

to Cash ac 500

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Which of the following items are included in official U.S. GDP statistics? Instructions: In order to receive full credit, you mu

elena-14-01-66 [18.8K]

Answer:

Included in GDP

Money spent to clean up a toxic waste site in Ohio.

Andre paying Ted for a haircut in Chicago

Revenue generated by legal medical marijuana sales in California.

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Items not included in the calculation off GDP includes:

1. services not rendered to oneself

2. Activities not reported to the government

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

Money spent to clean up a toxic waste site in Ohio is part of government spending and it would be added in GDP

Andre paying Ted for a haircut in Chicago is part of consumption spending and it would be added as part of GDP

Revenue generated by legal medical marijuana sales in California is part of consumption spending and it would be added as part of GDP

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2 years ago

On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each Jun

Vinvika [58]

Answer:

Interest expense = $20,000

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest. </em>

The annual installment is computed as follows:

Annual installment= Loan amount/annuity factor

Annual installment is already given as = 37,258 (already given)

Interest payment = interest rate × Loan balance at the beginning of the year

DATA

Interest rate = 8%

Loan balance at the beginning of the year = $250,000

Interest expense = 8%× 250,000 = $20000

Principal paid = Annual installment - Interest = 37,258-20,000 = 17,258 <em>(this is not required but to explain the concept)</em>

Interest expense = $20,000

3 0

3 years ago

Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $5

snow_tiger [21]

Answer:

2041 shares

Explanation:

Maximum amount for investment = $ 50 000 / 70 % = $ 71428.571

maximum number of shares = $ 71428.571 / $ 35 = 2040.812 approx 2041 shares

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3 years ago

Consider two people who are currently out of work. Tim would like to work but he is not looking for work because there have been

stira [4]

Answer: C. both Tim and Bev to be marginally attached workers

Explanation: The Bureau of Labor Statistics considers both Tim and Bev as marginally attached workers.

Usually, marginally attached workers refers to individuals who are not actively seeking for a job or employment at a particular point in time,which is the case of both Tim and Bev. However, for an individual to be classed as a marginally attached worker, He or she must be willing and able to work and worked or sought for a job at any point within the last twelve months. Bev has searched for a job within the last year and Tim's environment has very few openings to accommodate employees.

8 0

3 years ago

Read 2 more answers

Malaki ran 9,656 meters on Monday and 4,687 meters on Tuesday. How many more meters did she run on Monday than on Tuesday?

Marina86 [1]

Answer: 4969 meters

Explanation: Here's what you do: 9,656 - 4,687 = 4969

3 0

2 years ago