Answer:
D. Sales tax
Explanation:
This is because the person is burben with the tax
Answer:
Supplies Expense 12500
Explanation:
<em>Bravo Unlimited</em>
<em>Adjustment Entry</em>
Date Particulars Debit Credit
February 29 Supplies Expense 12500
Supplies Account 12500
( Opening bal+ purchases- Ending bal= Expense= 2000+ 12000- 1500= 12500
At the month end Supplies were used for $ 12500 and supplies on hand are $ 1500.
On 2nd Feb the supplies account totalled $ 14000 but $5000 supplies had been expensed so the total amount of supplies used up is calculated by (Opening bal+ purchases- Ending bal= Expense) the formula given above.
Answer:
When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.
Explanation:
When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.
Answer:
D) The discovery of oil reserves has resulted in a rightward shift of the long-run aggregate supply curve.
Explanation:
Since the discovery of oil, Almora's gross domestic product will start to grow (both nominal and real GDP). Since the aggregate supply exceeds the real GDP, it is reasonable to expect that the GDP will continue its expansion for several years. The only factor that can diminish economic expectations is that inflation increases so much that it will end up hurting the economy.
Having huge oil reserves doesn't mean that the standard of living has improved. Just look at Qatar, United Arab Emirates, Saudi Arabia, etc. The populations of these countries is either extremely rich or very poor. Or we can look at Venezuela and realize that everyone that doesn't work for the government is poor.
This scenario usually repeats in countries that rely only on natural resources.