Answer:
$5, 200 bushels of wheat
Explanation:
From the diagram the price support was at $6 per bushel, however if the government removes the price support or if there was no price support, then the price of the wheat will be $5 for a bushel. And in order to maintain the price support, from the diagram below, it is expected that the government would have to purchase 200 bushels of wheat.
Answer: True
Explanation:
Current assets are the assets that a company had and which are expected to be either used or sold over the next year. Examples of current assets are cash, cash equivalents, stock inventory, accounts receivable, marketable securities, and other liquid assets.
It should be noted that when the sales of a from continue to grow, the current assets of such company also increases. An example is when there is an increase in the sales increase, this.will also have an impact on the firm's inventories as there will be an increase.
The American healing and reinvestment act of 2009 is a good instance of fiscal policy.
Fiscal policy is the usage of government spending and taxation to persuade the financial system. Governments commonly use economic coverage to sell strong and sustainable increase and decrease poverty.
The 2 major examples of expansionary fiscal policy are tax cuts and accelerated government spending. each of those policies is meant to increase aggregate demand even as contributing to deficits or drawing down financial surpluses.
Fiscal coverage refers to the tax and spending guidelines of the federal government. fiscal coverage choices are determined via Congress and the administration; the Fed performs no role in determining economic policy. fiscal coverage is the use of authorities' spending and taxation to influence the economic system. Governments generally use financial policy to sell sturdy and sustainable increases and reduce poverty.
Fiscal coverage is the means by using which the authorities adjust their spending and revenue to persuade the broader economic system. by way of adjusting the stage of spending and tax sales, the authorities can affect the economic system by using either growing or decreasing financial activity in the brief time period.
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Answer:
Dr cash $120,000
Cr Notes payable $120,000
Dr interest expense $2,400
Dr notes payable $30,000
Cr cash $32,400
Explanation:
The issuance of the notes payable of $120,000 means that White Corporation's cash inflow has increased by $120,000 while its corresponding loan obligation has also gone up by the same amount.
On 31 December 2018,White Corporation would need to repay $30,000 principal plus interest of $2,400 ($120,000*2%).The interest payment is debited to interest expense while $30,000 repayment is debited to notes payable and cash is credited with the total of $32,400
