Answer and Explanation:
The journal entry is shown below:
Cash Dr $98,800
Finance charge Dr ($120,000 × 1%) $1,200
To Liability - Financing Arrangement $100,000
(being receipts of cash is recorded)
Here cash and finance charge is debited as it increased the assets and expenses and liability is credited as it also increased the liabilities. Also, the cash & expenses contains normal debit balance and liabilities contains normal credit balance
Expansionary monetary policy shifts AD to the right.
<h3>
What is Expansionary monetary policy?</h3>
- Expansionary policy, often known as loose monetary policy, expands the availability of money and credit in order to stimulate economic growth.
- During difficult economic circumstances, a central bank may use expansionary monetary policy to reduce unemployment and stimulate growth.
<h3>Impacts on GDP, unemployment, and inflation by the increase of supply of money:</h3>
- The Federal Reserve begins to grow the money supply at an increasing rate.
- The impact on GDP, unemployment, and inflation would be significant.
- AD is shifted to the right by expansionary monetary policy.
Therefore, expansionary monetary policy shifts AD to the right.
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Answer:
Capital is an important factor of production because it's what allows labor and land to be purchased.
Explanation:
capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery.
$400,000 equity will be the coverage provided for the account.
<h3>What is a joint account?</h3>
A joint account is just another saving account, but the difference is that it is shared between two people, i.e, two people are the owner of that account this is generally shared between two partners or a spouse.
The maximum bandwidth for a joint account is $500,000; but, a margin account only covers the equity, thus the debit balance is deducted from the market value. from deducting the market value of $1 million from the debit balance of $600,00 to leave $400,000 equity.
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Answer:
When an item is purchased ,money is exchanged for the to.......
Explanation:
When an item is purchased ,money is exchanged for the to.......
