Answer:
1. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.
Explanation:
The journal entry is shown below:
Note payable A/c Dr $7,238
Interest expense A/c Dr $7,000
To Cash A/c $14,238
(Being the first payment on the note is recorded)
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $100,000 × 7%
= $7,000
And, the remaining balance left is reported in the note payable account
<span>Exporting. Exporting means sending goods or services produced in one country to another country. This is usually carried out with the intention of boosting revenue. Alice, in this instance, is referred to as an exporter; Exporting has a direct influence on a country's economy including but not limited to improving untapped markets, lower unit cost, minimising the effects of seasonal fluctuations in sales and many more.</span>
Answer:
Decreases and the equilibrium quantity increases
Explanation:
If more children join Susie in the lemonade business, the supply of lemonade would increase. This is indicated by a rightward shift of the supply curve. Because supply has increased relative to demand , price would fall and equilibrium quantity would increase.
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Answer:
devotes more resources to research and development.
Explanation:
Economic growth is the rise in the GDP of a country.
A country can increase economic growth by :
- increasing labour productivity
- increasing capital
- increasing technological progress
- By devoting more resources to research and development
Answer:
The answer is "Option C"
Explanation:
Please find the complete question in the attached file.
Its market to economics remained constant, while the market demand increased because the supply increasing will cause amounts to decline but salaries to rise.
Its same reverse relationship refers to the market for products and services. As demand rises and supply continues to increase, its greater supply will result in higher balance prices or conversely. It supply-demand rising but dropping until a reasonable price is reached.
