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3 years ago

A decline in interest rates is expected to __________.

2 answers:

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A decline in interest rates is expected to put the economy in recession. This is because with less interest comes less money earned and less spending as a result.

Fiesta28 [93]3 years ago

3 0

Explanation:

There are two types of interest rates in the economy. The first one is the rate of interest that banks or financial institutions give to the people for keeping their money with the bank for a specified period of time. The second one is the rate of interest which people have to pay for the loan they borrowed from the banks or financial institutions. There is a huge difference in both of the interest rates. If you are asking about the interest rate which banks pay to the people, then with the decrease of that interest rate, people will less likely to put their money in banks and thus the circulation of money will increase in the economy and the inflation would in turn increase. But if you talk about the interest that people have to pay on borrowing loans, then the decline in such interest rate will encourage people to take more loans and grow their businesses or anything they want. This would increase the economic activity in the country and thus economy will grow.

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Which phrase best completes the diagram?

igomit [66]

Low gross domestic product

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3 years ago

At January 1, 2018, Transit Developments owed First City Bank Group $600,000, under an 11% note with three years remaining to ma

VashaNatasha [74]

Answer:

interest payable 66,000

note payable 384,000

Land 325,000

Gain on disposal 125,000

Explanation:

600,000 x 11% = 66,000 interest payable

the land is being used to settle the note along with the accrued interest at the time:

the accounting of Transit developments record the land at cost: 325,000

as the market valuye is 450,000 so a gain for 125,000 will be recognize.

450,000 market value - 66,000 interest payable: 384,000 payment on the note principal

the entry will write-off the interest payable, decrease the note by that amount and recognize the land gain on disposal

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3 years ago

Iona wrote her will. The following year, she wrote another will that expressly revoked the earlier will.Later, while cleaning ho

snow_lady [41]

Answer and Explanation:

In the given case, the second will would be destroyed non-intentionally by the testatrix that represent the person who writes the will. Also the second will would have be intended to revoke the first will

In addition to this, Testatrix intends the second will to be value also at the same time she dont want the first will to be probated

So the second will would be upheld because of testamentary motive.

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3 years ago

Evaluate the extent to which Wal-Mart's previous revenue policy was consistent with the revenue recognition principle.

Kipish [7]

Answer:

Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle. It used to recognize revenue when performance obligations have not been met.

Explanation:

In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions. Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment. Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.

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3 years ago

New cuisine café files a suit in a state court against olive oil inc., alleging a breach of contract. the case proceeds to trial

7nadin3 [17]

Answer:

The answer is A copy of the record on appeal.

Explanation:

NC files a suit in state court against OV, alleging a breach of contract and renders the judgment. If the NC decided to appeal to a state appellate court attorney must file a copy of the record on appeal with prescribed period. Record on appeal contains two parts the legal file and the transcript. The record must be filled in the court within a time period of 90 days.

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3 years ago