Answer:
As the interest rate rises, the cost of a given investment project <u>rises </u>and businesses invest <u>less</u>.
Explanation:
The rise in interests will ultimately cause less economic growth. As the interest rate increases, the cost of a project will increase eventually. Even the products that would be used for the project will be subjected to interest hence, the project will become very costly.
People will eventually invest less because they wouldn't be able to pay the interests. Some people might take loans from banks to invest but ultimately they should have a probability of making enough money from the project to return the loan.
To track the long-term liability for his new pickup truck Pierre has to set up a long-term liability account register.
A long-term liability account register lists transactions related to debts that are due in more than one year like a mortgage. . Long-term liabilities are also known as non-current liabilities You can use a long-term liability account register to track and manage transactions that affect your long-term liability account.
In a long-term liability account register Debt ratios (such as solvency ratios) compare liabilities to assets. The ratios may be modified to compare the total assets to long-term liabilities only.
This ratio is called long-term debt to assets. Long-term debt compared to total equity provides insight relating to a financing structure and financial leverage. Long-term debt compared to current liabilities also provides insight regarding the debt structure.
TO learn more about long-term liability account register here
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18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process 200 event-goers per event.
Explanation:
The given is,
Madge is the manager at sports arena
3,500 patrons per event
Ticket takers can process 200 event-goers per event
Step: 1
Let, x - No. of ticket takers
Formula to calculate ticket takers,
Substitute the values,
= 17.5
x ≅ 18 ticket takers
Madge should hire 18 ticket takers.
Result:
18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process 200 event-goers per event.
I believe it’s false
when interest rates are low, the economy grows and inflation increases. Conversely, when interest rates are high, the economy slows and inflation decreases.
Adjusting entry for Insurance Expense:
In the given case, the insurance was purchased on July 1 of the same year for one year of insurance coverage, with coverage beginning on that date. It means the Insurance expense for the current year shall be calculated for the period (July 1 to Dec. 31) =6 Months
The Total amount paid for one year was $6,000. So the amount of expense for the current year shall be 6000*6/12 = $3,000
Hence the adjustment entry shall be made for $3,000 Insurance expense. We shall debit Insurance expense and Credit the Prepaid Insurance. The
Adjusting Journal entry as on Dec. 31 shall be as follows:
Insurance Expense Debit $3,000
Prepaid Insurance Credit $3,000