Answer:
If exports are greater than the imports, then the economy is said to have a trade surplus.
Had to look for the options and here is my answer:
The skill level that deals with an ability to do a certain task efficiently and effectively is what we call CONCEPTS AND UNDERSTANDING. When we say the task is done effectively, this means that the goal is met; and efficiently, if the goal has provided the best quality.
Here is the answer choice to the question
a. the real rate of interest on your loan is 14%.
b. the real rate of interest on your loan was previously 10% and is now 35%.
c. the real rate of interest on your loan is now –2%.
d. you will pay the lender back exactly $9,500.
e. you will pay the lender back exactly $10,700
Answer:
C. the real interest rate on your loan is now -2%
Explanation:
The real interest rate of can be gotten by subtracting the nominal interest rate from the inflation rate from nominal interest rate
Inflation rate = 7%
Nominal interest rate= 5%
= 5 percent - 7 percent
= -2%
The real interest rate can be defined as the rate of interest an investor, saver or lender is going to receive after they have allowed for inflation.
Answer:
The correct answer is letter "B": Office Supplies, debit; Accounts Payable, credit.
Explanation:
Accounts Payable is the amount of the company's total invoices currently waiting to be paid. These invoices are from vendors of products and services that were recently delivered. They are usually due in 15, 30 or 45 days after the company receives the vendors' invoice. The purchase of equipment, machinery, and office supplies are typically credited to this account.
Thus, <em>the acquisition of office supplies must be debited to the office supplies account and credited to accounts payable</em>.
