Answer:
The answer is given below.
Explanation:
The effect of this tax cut would be a resultant shift in the IS curve to the right, resulting in higher interest rates, currency appreciation, and bigger current account deficits. The tax cut would encourage consumers to spend more and, thereby increasing planned expenditure. The tax cut raises both income and the interest rate.
Answer:
Debit Petty cash $200 and credit cash $200
Explanation:
Accountants evaluate business activities and put them in record using journal entries such as debit-credit rules as a guide. Normally, an accountant will use specific journals for numerous journal entries of the same type – like sales journals, cash journals and purchases journals. Businesses which are large usually use specialized journals, while businesses which are smaller tend to only use a general journal that has all transactions. Recording journal entries is only the first step in the accounting.
Answer:
B. No, Yes
Explanation:
There are no indicators that the customer in Contract A has obtained control of the products; therefore, revenue should not yet be recognized for Contract A. The customer in Contract B has received legal title to the product, thus, the significant risks and rewards of ownership have transferred to the customer in Contract B. Contract B appears to be a bill-and-hold sale because the customer is not able to take delivery until their new stores are ready to receive the inventory and Festi has clearly set aside the product associated with Contract B.
Answer:
Explanation:
A. Take a loan from Bank One at 5.5% and save the money in Bank Enn at 6%.
B. Bank One would experience a surge in the demand for loans, while Bank Enn would receive a
surge in deposits.
C. Bank One would increase the interest rate, and/or Bank Enn would decrease its rate.
Answer:
$1,730
Explanation:
Currently, the job order contains the following costs:
- Direct materials $480
- Direct labor $150
- Manufacturing overhead $600 (or $4 per $1 of direct labor)
Since the manufacturing process still requires $100 more of direct labor, it should also require $400 more of overhead costs. So the total cost of the job order will be:
($480 + $150 + $600) + ($100 + $400) = $1,730