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3 years ago

The most immediate impact of rising inflation is

2 answers:

8 0

The most immediate impact of rising inflation is higher prices. Inflation makes the prices of commodity to rise, the same commodity will be bought with an increase price during inflation.

algol133 years ago

4 0

The correct answer is B. Higher prices

Explanation:

Inflation is an economic phenomenon that implies an increase in prices of basic products and services, this occurs due to multiple factors that include more demand than supply and increased prices in production. Additionally, inflation has multiple effects because the increase in prices leads individuals to buy fewer products and services which is negative for the economy, and also it decreases the capability of the individual to preserve a certain lifestyle. According to this, the most important and immediate impact of rising inflation is higher prices.

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Electrodo Co. purchased land for $55,000 with $20,000 paid in cash and $35,000 in notes payable. What effect does this transacti

Archy [21]

Answer:

(c). Net increase in assets of $35,000 and a net increase in liabilities of $35,000

Explanation:

Accrual basis of accounting attempts to record transactions as and when they arise and not on the basis of when money is actually received or paid. Once a liability is certain, such a liability is provided for immediately.

The journal entry for purchase of Land partly by cash and partly for issuing a notes payable would be:

Land Dr. $55,000

To Cash $20,000

To Notes Payable $35,000

(Being land purchased by payment of $20,000 in cash and a note being issued against the balance amount)

Land and cash are assets whereas Notes Payable is a liability.

So, the effect of the above transaction would be:

Net increase of $35,000 ( $ 55,000 - $ 20,000) as debit in fixed assets account increases their balance whereas cash being a real account, the rule being debit what comes in, credit what goes out. So credit in cash account would reduce the cash balance by $ 20,000.

Notes Payable account which is to be paid in future is a liability which shall increase the liabilities by $ 35,000.

So, the correct answer is (c), Net increase in assets of $35,000 and a net increase in liabilities of $35,000.

5 0

3 years ago

Archie Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life, with a

k0ka [10]

Answer: $10,000 and $25,000

Explanation:

DEPRECIATION FOR 2022.

Straight line method of depreciation means it depreciates by the same amount every year. You can calculate by

(Cost - Residual Value) / useful life.

=($45,000 - $5,000) / 4

= $10,000.

Each year the framing machine reduces by $10,000 meaning in 2022 the depreciation will be $10,000.

BOOK VALUE AT DECEMBER 31, 2022

We've established that every year the value drops by $10,000.

On December 31, 2021, it dropped by $10,000.

On December 31, 2022, it dropped by another $10,000.

Adding that together gives you 10,000 + 10,000 = $20,000.

$20,000 is the total depreciation at the end of 2022.

Subtract that figure from the cost,

=$45,000-$20,000

=$25,000.

BOOK VALUE ON DECEMBER 31, 2022 is $25,000.

8 0

3 years ago

The purpose of a financial intermediary is to help channel funds

Triss [41]

Answer:

a. from one banks to another

Explanation:

3 0

3 years ago

QUESTION 1 The country Grupindor recently experienced a drastic increase in inflation. This led to the depreciation in the value

yawa3891 [41]

Answer:

Option d (economy of the country) is the appropriate answer.

Explanation:

Along with many other things, the economy of such a given country is regulated by its society, rules, history, as well as geography, and then it develops out of requirement.
This example better shows the operational effects of the country's economy although inflation continues threatening the position due to certain external causes and leading to a decrease in present value.

Some other options offered aren't relevant to the situation described. For the aforementioned to be the right answer.

5 0

3 years ago

Celina is the manager at the local supermarket. New employee schedules are posted each week. When employees are unable to work t

rosijanka [135]

Answer:

b) wiki

Explanation:

because emails only have one template, and can usually only go from one person to the other without overcomplicating.

firewalls are for protecting websites and private information.

blogs are usually for one person to post, and won't be as efficient and easy.

wikis are the best option because you can find various websites with templates for specific needs, especially for the workplace

5 0

2 years ago