Answer:
d. Line 3
Explanation:
Generally, the liabilities are classified as current and long term based on their duration, on the date of issue of notes payable the liability is long as the period is of 1 year, whereas generally notes payable are not for 1 year and are termed as short term i.e. current liabilities.
But, on 31 Dec 2017 the period to pay the notes payable and the interest thereon is just of 7 months left, therefore on the balance sheet date both the liabilities will be considered and clarified as Current Liabilities.
Therefore, correct option is
d. Line 3
Answer: a. Debit Retained Earnings $6.600: credit Common Dividends Payable $6.600
Explanation:
The Dividends to be paid are;
= dividend * common stock outstanding
= 0.5 * 13,200
= $6,600
When dividends are simply declared, the Retained earnings will be debited by the dividend amount because dividends come from Retained earnings.
The dividends will be credited to a liability account to show that the company owes its shareholders some dividends. The liability account is called the Common Dividends Payable account.
Answer:
Firstline Managers
Explanation:
Firstline Managers have the responsibility of supervising and coordinating the activities of employees. This position make up the frontline managers and it is at this level that managerial experience is first acquired. They are not primarily involved in planning, rather they supervise the daily operations of workers in the organization. Positions with designations such as; <em>Supervisor, Head of Department, and Office Manager are examples of Firstline Managers</em>.
An organization typically has three types of Managers namely, the Top Managers, The Middle Managers, and the Firstline Mangers, in order of superiority. The Top Managers are more involved in planning and setting goals for the organization while the Middle Managers allocate resources, report to the Top Managers, and also supervise the Firstline Managers.
Answer:
4. Your house - MONEY IS THE MOST LIQUID ASSET THAT CAN EXIST
2. The funds in a savings account - MOST SAVINGS ACCOUNTS ALLOW THEIR CLIENTS A CERTAIN NUMBER OF WITHDRAWALS OR ELECTRONIC TRANSFERS PER MONTH, SO MONEY AT A SAVINGS ACCOUNT IS ALSO VERY LIQUID.
1. A bond issued by a publicly traded company - THE COMPLETE PROCESS OF SELLING A BOND MAY TAKE FROM ONE FULL DAY TO A FEW DAYS, SINCE FIRST YOUR TRADER MUST SELL THE BOND AND THEN THEY MUST TRANSFER THE MONEY TO YOUR ACCOUNT. STILL BONDS ARE LIQUID ASSETS.
4. Your house - SELLING A HOUSE IS A LONG PROCESS THAT CAN TAKE A FEW DAYS (AT BEST) TO SEVERAL MONTHS, SO A HOUSE IS NOT A VERY LIQUID ASSET.
Answer and Explanation:
In order to close the inflationary gap, the government should have to reduce the spending
The multiplier is
= 1 ÷ MPS
= 1 ÷ (1 ÷ 5)
= 5
Now the government spending would be reduced by
= $200 billion ÷ 5
= $40 billion