Answer:
1 Total premium % paid by Employees Premium paid by employees Premium paid by employer Employee medical insurance payable 7500 40% 3000 4500 Employee life insurance payable 4500
Explanation:
<span>According to the Keynesian framework, an increase in domestic investment may cause inflation, but not a recession.</span>
Answer:
total or effective demand for good or service
total quantity of output firm will produce
Answer: List price = $99.55
Trade Discount = 80%
Explanation:
Let the complement be represented by x
Trade discount will then be = 4x
Complement + Trade Discount = 100%
x + 4x = 100%
5x = 100%
x = 100%/5
x = 20%
Complement = 20%
Trade Discount = 4x = 4 × 20% = 80%
List price = Net price / Complement of trade discount.
= $19.99 / 20%
= $19.99 / 0.2
= $99.95
Answer:
a. Prior period adjustments.
Explanation:
"Retained earnings is the cumulative total of earnings that have yet to be paid to shareholders. These funds are also held in reserve to reinvest back into the company through purchases of fixed assets or to pay down debt."
Prior period adjustments in the beginning balance are key to calculate the retained earnings at the end of the period:
Retained Earnings = RE Beginning Balance + Net Income (or loss) – Dividends.
Therefore, prior period adjustments may either increase or decrease RE.
Reference: Morah, Chizoba. “Which Transactions Affect Retained Earnings?” Investopedia, Investopedia, 11 July 2019