Answer:
The answer is $4,800
Explanation:
200 shares was sold short at $60 per share with initial margin of 60 percent.
200 shares x $60 per share x (1 - 0.6)
=$12,009 x 0.4
$4,800
The initial investment is therefore, $4,800(four thousand and eight hundred dollars)
Answer:
Increase in government purchases will have a larger impact om real gross domestic.products.
Explanation:
Consumers' behaviors are unpredictable and they also have a choice between spending the increase in their disposable income due to the decrease in personal taxes and saving.
Consumers can choose to save this increase rather than spending it. And when it is saved it has little impact real gross domestic product.
Whereas if it is government, increase government purchases has direct impact on real gross domestic product. Its multiplier's effect is larger than that of the consumers'
Answer:
In this instance, Erica is planning to buy a(n) ________ product:
D) shopping
Explanation:
The answer is shopping products because these are goods that people don't buy constantly and because of that they tend to analyze the alternatives that exist to choose the right one considering things like cost, brands and features. In this case, Erica is buying a washing machine and plans to spend time and effort gathering information and making product comparisons which aligns with the definition of shopping products.
Answer:
- Prove that no mistakes were made.
- Prove the equality of the permanent account balances that are carried forward into the next accounting period.
Explanation:
The post-closing trial balance is the process of organizing all the balance sheet accounts whose final balance was more than $0. The idea is to verify that the debit accounts and the credit accounts are equal. In order to do so, one can simply sum all debits and all credits, and later substract, and the result should be zero.
If the result is not zero, mistakes were made and the accounts have to be reviewed.
Temporary accounts such as expenses and revenue, are not taken into account in this process.
Answer:
January 1, 2021, vehicle purchased on credit
Dr Vehicles 50,000
Cr Notes payable 50,000
January 31, 2021, first installment
Dr Notes payable 578.64
Dr Interest expense 250
Cr Cash 828.64
Interest expense = $50,000 x 6% x 1/12 = $250
February 28, 2021, second installment
Dr Notes payable 579.89
Dr Interest expense 248.75
Cr Cash 828.64
Interest expense = $49,750 x 6% x 1/12 = $248.75
Generally loans are made on a 360 day year basis, that means that the monthly interest expense is always calculated as 1/12 of the annual interest charge.