<span>After thorough
researching, a trade deficit is determined by measuring the difference between
a nation’s inflation rate and its unemployment rate. The correct
answer to the following given statement or question above is with the letter E
which is the inflation rate and unemployment rate.</span>
Answer: See explanation
Explanation:
The necessary closing entries from the available information at December 31 will be calculated thus:
1. Dec 31
Dr Services Revenue $13000
Cr Income Summary $13000
2. Dec 31
Dr Income Summary $10000
Cr Wages expense $8400
Cr Rent expense $1600
3. Dec 31
Dr Income Summary = $13000 - $10000 = $3000
Cr D. Mai, Capital $3000
4. Dec 31
Dr D. Mai, Capital $800
Cr D. Mai, Withdrawals $800
Answer:
En contabilidad, se denomina asiento contable al conjunto de anotaciones o apuntes contables que se hacen en el libro diario de contabilidad, que se realizan con la finalidad de registrar un hecho económico que provoca una modificación cuantitativa o cualitativa en la composición del patrimonio de una empresa.
Answer:
The correct answer is option A.
Explanation:
Normal goods have positive income elasticity, so when there is an increase in the income of the consumer, the quantity demanded of the normal goods will increase.
On the other hand, the inferior goods have a negative income elasticity. So when the income of the consumer increases the demand for inferior goods decline. This is because as income increases, the consumers will prefer normal goods.
Answer:
$2070.-
Explanation:
The LIFO method is the short for: the last in, first out.
Is used to place an accounting value of the inventory, it operates under the assumption that the last item of inventory purchased or maked is the first to be sold, (except in agricultural products)
