Answer:
a. $39,400
b. $157,600
c. $6,304
Explanation:
a. Down payment
Bank requires 20% down payment
= 20% * 197,000
= $39,400
b. Mortgage amount
= Price of house - down payment
= 197,000 - 39,400
= $157,600
c. Amount at 4 points:
= Mortgage * 4%
= 157,600 * 4%
= $6,304
Answer: D- the outlook for accountant jobs is better than for advertising sales agent jobs
Answer:
Fixed assets and equipment
Explanation:
Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.
It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.
Assets can be categorized as :
1. Current
2. Fixed
3. Tangible
4. Intangible assets.
In accounting, there are several standard methods of computing depreciation expense:
1. Fixed percentage
2. Straight line
3. Declining balance methods.
Answer:
C. short-run aggregate supply curve leftward
Explanation:
When the cost of production or inputs of production increase the short run supply curve shifts left because the producers are now willing to sell less at the same price because it is more expensive for them to produce, so at every price the production decreases because of which the supply curve shifts left. The long run supply curve isn't affected by an increase in costs of resources because it is the potential of the economy and an increase in costs of does not change the potential of the economy.
