Answer:
not sure about the answer
Explanation:
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Answer:
See explanation
Explanation:
If Blossom Company received on December 13 (Assuming perpetual inventory system was used), the journal entry to record the receipt -
Debit Cash $466,970
Debit Sales Discount $9,530
Credit Accounts receivable $476,500
Giving 2% discount to the customer after the sales return and allowances because the customer paid the amount within the terms 2/10, n/30.
As the customer failed to pay on December 13 and paid on January 2, the company did not receive the sales discount. And the following journal entry will be required -
Debit Cash $476,500
Credit Accounts receivable $476,500
After deducting the sales returns, Blossom company will receive the payment.
Answer:
a $1 rise in government spending will raise both total spending and Real GDP (assuming prices are constant) by $2.70.
Explanation:
The tax multiplier is generally used to show the multiple at which there is either a decrease or an increase in gross domestic product when there is either an increase or decrease in tax. Therefore, if the tax multiplier is equivalent to '$n' and assuming there is no change in price, there will be an increase of '$n' on the GDP and total spending for every dollar increase in the spending of government.
Answer:
a. Long
b. $375.00
Explanation:
a. If interest rates decrease over the period of investment, Treasury bond prices will increase. Thus, Dudley Savings Bank should take a long position in the futures contracts on the Treasury bonds. As T-bond prices go up, so will T-bond futures prices.
b. Given a long position:
Net profit = Sale price of futures − Purchase price of futures
= $107,687.50 − $107,312.50 = $375.00
Purchase price of futures = 107 − 100 = 107 10/32% × $100,000 = $107,312.50
Sale price of futures = 107 − 220 = 107 22/32% × $100,000 = $107,687.50
Explanation: