Given:
April 1 - <span>Griffith publishing company received $1,548 from Santa Fe, inc. for 36-month subscriptions.
</span><span>
1,548 / 36 months = 43 per month.
Assuming that the amount is paid in cash.
Debit Credit
April 1:
Cash 1,548
Unearned Revenue 1,548
April 30:
Unearned Revenue 43
Revenue Fees 43
May 31:
Unearned Revenue 43
Revenue Fees 43
June 30:
Unearned Revenue 43
Revenue Fees 43
</span>July 31
Unearned Revenue 43
Revenue Fees 43
August 31:
Unearned Revenue 43
Revenue Fees 43
September 30:
Unearned Revenue 43
Revenue Fees 4<span>3
</span>
October 31:
Unearned Revenue 43
Revenue Fees 43
November 30:
Unearned Revenue 43
Revenue Fees 43
December 31:
Unearned Revenue 43
Revenue Fees 4<span>3
</span>
Book Value of Unearned Revenue is: 1,548 - (43*9) = 1,548 - 387 = 1,161
Since it is a monthly subscription, the unearned revenue must always have an adjusting entry at the end of the month because Griffith company has already earned some of the prepaid fees.
Answer:
(a) What is the amount by which Carla Bank's liabilities have changed?
Carla Bank's liabilities increased by $15,000 (bank deposits are liabilities).
(b) Calculate the change in required reserves for Carla Bank.
Carla Bank's reserves must increase by $15,000 x 5% = $750
(c) What is the dollar value of the maximum amount of new loans Carla Bank can initially make because of Christopher's deposit?
Carla Bank can loan $15,000 x 95% = $14,250
(d) Based on the central bank's open-market purchase of bonds, calculate the maximum amount by which the money supply can change throughout the banking system.
Money multiplier = 1 / 5% = 20
The money supply has the potential to increase by $15,000 x 20 = $300,000
(e) How will the change in the money supply in part (d) affect aggregate demand in the short run? Explain.
Aggregate demand will increase since the total money supply increases. This should also help to decrease the interest rates and foster investment.
Answer:
b) ERP
Explanation:
Enterprise Resource Planning is a business management software that allows an organization to use a system of integrated applications to manage the business and automate many office functions related to technology. A typical example of an ERP is SAP ERP.
A because scarcity in economics mean having limited resources and unlimited wants, meaning there’s never enough resources to satisfy the needs that every individual wants
Answer:
B. Will change both their jobs and careers
Explanation:
Internet made it really easy for people to access information , including new educations. Due to the abundant of information that the people can use, acquiring new skills and connections that required to change jobs became much Easier.
According to the data that recorded by the government, around 51% of modern workers change their jobs within 1-5 years period and around 30% workers change their careers every 12 months.
