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12345 [234]
3 years ago
14

Assume that a $300 payment for rent expense was incorrectly debited to repair expense and correctly credited to cash. the journa

l entry was posted. what would be the correcting entry?
Business
1 answer:
elena-s [515]3 years ago
3 0
$300debited to rent expense .it was fixed so you now start over and debit stain
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represents the total change in aggregate demand. If government purchases increased by​ $50 billion, then the distance from point
MariettaO [177]

Answer:

The shift from AD1 to AD2 represents the total change in aggregate demand. If government purchases increased by​ $50 billion, then the distance from point A to point B​ would be greater than $50 billion.

Explanation:

Basically, aggregate demand can suffer two types of movements: displacements or changes in the slope. We are assuming a straight slope, but we could well analyze the case of an aggregate demand that is not straight.

DISPLACEMENTS

They are produced by changes in autonomous consumption.  Changes in autonomous consumption may be due to changes in:

- Income distribution

- Access to credit

- Expectations

- Population changes

- Changes in relative prices between goods that belong to autonomous consumption (some foods) and goods that do not belong to autonomous consumption

CHANGES IN THE PENDING

They are produced by changes in the marginal rate to be consumed.  Changes in the marginal rate to be consumed may occur due to:

- Changes in the utility function: they can change the preference for savings.

- Changes in income distribution

- Changes in the interest rate

7 0
3 years ago
Read 2 more answers
Businesses can legally employ only those workers who a. Were born in the United States b. Have immigrated to the United States b
MariettaO [177]

Only workers who can demonstrate documentation of eligibility to work in the United States (US) are allowed to work<u> legally </u>in the United States, option (C) is the correct answer.

<h3>Who can be legally employed?</h3>

A country should not employ (and it is unlawful to do so / informal company) someone who is not legally permitted to work in the United States (US), an illegal immigrant is an example).

However, if you have a Visa, <u><em>you can </em></u>work in the United States without being a US citizen.

In either situation, the only stipulation is that the company wants you and that you are willing to accept the <u>compensation</u> they are providing.

For more information about legal employment, refer below

brainly.com/question/19586370?referrer=searchResults

4 0
2 years ago
You plan to invest $600 in your savings account this year and then you intend to increase the amount that you invest by 3% each
koban [17]

Answer:

The correct answer is $20,211.84.

Explanation:

According to the scenario, the given data are as follows:

Payments (PMT) = $600

Interest rate = 7%

Growth rate = 3%

Time = 16 yeras

So, future value of growing annuity can be calculated by using following formula :

FV of growing annuity = Payment × ((1+ interest rate)^n - (1 + Growth rate)^n) / (Interest rate - Growth rate)

= 600 × ((1.07)^16 - 1.03^16) / (.07 - .03)

= 600 × ( 2.95216374857 - 1.6047064391 ) / (0.04)

= 600 × 33.6864

= $20,211.84

Hence, the correct answer is $20,211.84.

7 0
3 years ago
An executive of a large steel company put the blame for lower net income for a recent fiscal period on the ""shift in product mi
rodikova [14]

Answer:

A business can improve its average contribution ratio and its overall profitability, by shifting its sales mix to include more products with high contribution margin ratios.

In this case American steel company shift in product mix is due to a higher proportion of export sales. This shift caused to decline net income of the company. This is because the contribution margin ratio on export sales may lower than the other product mix. So, the shift of product mix to low contribution sales will cause to decline the net income.

3 0
3 years ago
Development lp is a limited partnership that invests in residential real estate projects. Its limited partners include more than
FrozenT [24]

Ethan loses his limited liability if he participates in the firm’s management.

<h3>Who is a Limited Partner?</h3>

A limited partner can be described as a part-owner of a limited partnership business who does not involve in the management of the partnership business.

The liability for the company's debts of a limited partner is limited to the amount invested in the business.

Limited partners are frequently referred to as "silent partners."

A limited partner is different from a general partner.

A general partner refers to a partner that is in charge of the day-to-day operations of the company, takes investment decisions on behalf of the company, and has unlimited liability for the company's debts and liabilities.

Therefore, Ethan will lose his limited liability if he participates in the firm’s management as he has become a general partner.

Learn more about limited partnership here: brainly.com/question/9244934.

8 0
2 years ago
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