Answer: The quality and design of calculators improved dramatically from 2014 to 2016.
A new, safe method of memory enhancement became available for purchase.
As the price of textbooks increased, more and more students turned to the used-book market or chose not to buy textbooks at all, instead using the copies on reserve in the library.
Explanation: If textbook price increases , it might overstate the inflation in cost of going to college.
A new safe memory enhancement will be costly because of it's superior quality and technological progress.
Similarly , new calculator will also be improved and superior.
<em><u>Thus, the survey will reflect higher prices,</u></em>
<em><u></u></em>
Answer:
Dr Interest Expense $805.44
Cr Cash $756
Cr Discount amortization $49.44
Explanation:
Preparation of the journal entries to correctly records the 2019 interest expense
Based on the information given the journal entries to correctly records the 2019 interest expense will be :
Dr Interest Expense $805.44
($10,068 * .08)
Cr Cash $756
($10,800 * .07)
Cr Discount amortization $49.44
($805.44-$756)
(To record Interest Expense)
The difference in the level of consumption of a consumption smoother and a hand-to-mouth consumer based on anticipated increase in income.
- If there is an anticipated rise in income, a consumption smoother will exhibit <u>increase</u> in consumption, and a hand-to-mouth consumer will exhibit <u>no change</u> in consumption.
- Consumption smoothing can be defined as a process of achieving a balance between expenses on today's needs and saving for tomorrow (future). It is used to regulate spending and saving during different phases of life <em>(increase or decrease in income.</em>
- Hand-to-mouth consumer is a consumer who spends all his income on consumption. He doesn't save because he earns low income.
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