Answer: aggregate demand; left; lower; lower; higher
Explanation:
If the economy is initially in equilibrium at full employment real GDP (QN), and a stock market crash reduces household wealth and lowers investor confidence, ceteris paribus, the (aggregate demand) curve will shift to the (left) resulting in a (lower) price level (P), (lower) output/real GDP level (Q), and (higher) unemployment level (U).
It should be noted that the crash in the stock market will lead to lesser funds in the economy and lessee funds with households and this will lead to reduction in the demand for goods which will shift the demand curve to the left.
aggregate demand; left; lower; lower; higher
Answer:
The list of items are as follows:
A. Mutual agency - Partnership
B. Original cost - Straight line method
C. Ten-column worksheet - merchandising corporation
D. A worksheet - organizing all of the data to update the accounts
E. Closely held corporation - corporation owned by a few persons or by a family
The principal balance plus interest and any applicable fees.
Answer:
A). Knowledge of engines, identifying and fixing problems, customer service skills, and the ability to use tools and technical equipment.
Explanation:
Facility and Mobile Equipment maintenance services primarily deal with the maintenance, mending, and servicing of the transportation expertise for cars or aircraft. Thus, the individuals working with such a company would possess a very deep and precise knowledge of the engines which assists them in upkeeping the machines without any flaw. They also deal with repairing and thus, they also possess the ability to identify and fix the problems which hinder the machine to work smoothly. Customer service skills are a must as then only they could interact with the customer to discuss the problems occurring in their machines and provide quality assistance to them. Proficiency in the use of tools and equipment aids them to fix the technical errors of aircraft or cars. Thus, option A is the correct answer.
The correct options are :
a. Utilities Expense 680
Accounts Payable 680
b. Accounts Payable 680
Utilities Expense 680
c. No journal entry is required.
d. Cash 680
Utilities Expense 680
e. Utilities Expense 680
Accounts Receivable 680
Answer:
a. Debit Utilities Expense $680
Credit Accounts Payable $680
Explanation:
Russel Co has received a utility bill for the current month but they intend to pay next month.
Since the expense is for this month it must be recognised now. So there will be a debit to the Utilities Expense account for $680.
The payment is not being made now but in the next month. This is an amount the business owes so it will be recorded as a credit to Accounts Payable of $680
Accounts payable is used to record monies that the business owes its creditors. Payments are due at a future date.