Answer:
What would the impact of these transactions be during May on
- (1) the balance of cash NO EFFECT, the account balance was not paid in May
- (2) cash-basis net income: NO EFFECT, the account balance was not paid in May
- (3) accrual-basis net income: DECREASE, even though the debt was not paid, the expense had already been recognized, therefore, the accrual-basis net income decreases
Being free of germs.
Definition:Relating to the conditions that affect hygiene and health, especially the supply of sewage facilities and clean drinking water.
Answer:
The correct answer is C. standard of living is ultimately determined by long-term growth.
Explanation:
The long-term path for economic growth is a fundamental issue of the study of the economy. The increase in the GDP of a country is usually considered as an increase in the standard of living of its inhabitants. Over long periods of time, even small annual growth rates, can have a significant effect. Thanks to its conjugation with other factors.
An annual growth rate of 2.5% would lead to GDP doubling over a period of 30 years. While an annual growth rate of 8%, it would lead to the same phenomenon in a period of only 10 years. Example: Some countries like Asian tigers. When a population increases to see improvements in living standards, GDP has to grow faster than that population. This analysis seeks to understand why there are very different rates of economic growth in some regions of the world.
Answer:
$15
Explanation:
The formula for calumniating compound interest is as below
A= P x ( 1 + r) ^1
For this case
A= Amount after one year
P = principal: $500
r= Interest rate 3% or 0.03
n = time in years: 1
A= $500 x ( 1 + 0.03) ^ 1
A = $500 x(1.03)
A= $500 x 1.03
A =$515
The interest missed is the future value - amount collected after one year.
=$515- $500
=$15
<span>Several multinational companies close their factories in the nation because of its changing economic climate.
Shifts left. The maximum production of the economy is lower because their are fewer factories.
A mass e-learning initiative makes education cheaper and accessible across the nation.
Shifts right. This makes education less expensive, freeing up public and private money for investment and other uses which can further increase output.
Government money is illegally taken by increasingly corrupt bureaucrats and politicians.
Shifts left. this money is taken out of the economy where it could otherwise be invested in factors of production.
New economic policies facilitate the signing of new international trade agreements.
Shifts right. Increased trade opens up markets to foreign imports/exports and investment, increasing the maximum capacity of the economy. </span>
