Answer:
In 2017
Net Income and Retained Earning are overstated by $100,000
Expenses and Payables are understated by $100,000.
In 2018
Inventory, Net Income and Retained Earning are understated by $57,000
Expenses are overstates by $57,000
Explanation:
Accrued Salaries is Recorded as follow
Dr. Salaries Expense
Cr. Salaries Payament
Non recording of this entry will result in understatement of Expenses and Payables by $100,000 over statement of Net income and retained earning by the same amount.
Treatment of Office supplies of $57,000 as expense will overstate the expenses and understate the the inventory, Net income and Retained Earning.
Answer: 6.48%
Explanation:
This can be solved using the Quantity theory of money;
MV = PY
When dealing with changes, formula changes to;
% change in Money Supply + %change in velocity = %change in price + %change in real GDP
Velocity has been stable so will be zero.
change in money supply = 3.70% + 2.78%
= 6.48%
Answer:
After food enters your stomach, the stomach muscles mix the food and liquid with digestive juices. The stomach slowly empties its contents, called chyme, into your small intestine. Small intestine.
Explanation:
Answer: The correct answer is "d. there will be no shifts of the curves, but the real interest rate rises.".
Explanation: If there is a shortage of loanable funds, then: there will be no shifts of the curves, but the real interest rate rises.
this causes as the interest rate rises to equilibrium the amount offered of loanable funds increases and the quantity demanded of loanable funds decreases
Answer:
Export of labor-intensive products
Heavy investment in building a world-class infrastructure to attract foreign investment
Explanation:
The population of China is the highest in the world, hence they concluded that they needed to use their number to their own advantage by adopting a labor-intensive production technique which enables them to export their products as well as ensuring a higher percentage of the populace is gainfully employed, little wonders how China products are available the world over.
Also, they provided world class infrastructures which serve as incentives for foreign direct investment, for instance Apple moved its main factory to China due to the cheaper and available workforce coupled with the state of the art technological infrastructural development achieved by the Chinese people.
