The government began to print more money. The increase in the ‘money supply’ which happens faster than the economic growth leads to inflation. When the government prints more money then it brings down the value of the money in the market.
Answer:
1. $550,000
Explanation:
1. It is given in the question that the stated interest rate and the market interest rate both are having the same rate, i.e, 12%.
Hence, the bonds are issued at the face value that is $550,000.
2. The Journal entries are as follows:
(i) On January 1,
Cash A/c Dr. $550,000
To bonds payable $550,000
(To record the bond issuance)
(ii) On December 31,
Interest Expense A/c Dr. $66,000
To cash A/c $66,000
(To record the first interest payment on December 31 assuming no interest has been accrued earlier in the year)
Workings:
Interest expense = $550,000 × 12%
= $66,000
Answer:
Change "achieved phenomenal success" to "improved customer satisfaction."
Explanation:
This is because it has to do with customers services and from an end customer’s point of view to evaluate current perspectives, emerging needs and preferences, and it's impact on business outcomes.
Answer:
1. Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?
a. 1, 2, 5, and 6 only.
2. More than 75% of the world's income is earned by what percentage of the world's population?
d. 5%.
Explanation:
The above options are the solutions to the questions asked. In terms of the world's income, 5% of the world's population earns 75% of the world's income.
Answer:
1,350 units; 918 units
Explanation:
Ending inventory:
= Beginning inventory + Units started - Units completed and transferred
= 750 + 9,500 - 8,900
= 1,350
Equivalent units of ending work in process for Materials:
= 100% complete × Ending inventory
= 100% × 1,350
= 1,350 units
Equivalent units of ending work in process for Conversion:
= 68% complete × Ending inventory
= 68% × 1,350
= 918 units
