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storchak [24]
2 years ago
14

What was the major financial difference between post-World War II borrowers and borrowers after 1970

Business
1 answer:
lisov135 [29]2 years ago
5 0

Answer: Borrowers after 1970 had more debt due to lower paying jobs

Explanation:

After the second world war, the world underwent a period of economic growth especially in the United States. The government was spending massive amounts on the economy and companies were investing to take advantage of an economy with very high consumption.

This led to higher paying jobs for citizens who were able to borrow money knowing that they had the capacity to pay back.

This changed after 1970 because the jobs became less lucrative than before. People however kept borrowing even though they could not afford it as much leading to a general rise in consumer debt.

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2 years ago
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Problem 5-3A Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) [The following information applies to the ques
konstantin123 [22]

Answer:

JOURNAL ENTRIES related Accounts Receivables

2021

12 June Debit Accounts receivable $37,400 Credit Service Revenue $37,400

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2022

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Explanation:

2021

provision for bad debts beginning = $0

adjustment                                       = $6930

closing (15400 *0.45)                      =$6930

an increase in provision or allowance in doubtful debts is an expense

2022

Provision for bad debts opening $6930

Adjustment                                     $180

closing (15800*0.45)                     $7110

8 0
3 years ago
As a discipline, Governance is most closely related to:
Mnenie [13.5K]

Answer:

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Explanation:

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3 years ago
Helmers Corporation manufactures a single product. Variable costing net operating income last year was $74,000 and this year was
gogolik [260]

Answer:

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Explanation:

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= $74,000 + $0 - $27,600

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All other information which is given in the question is not relevant. Hence, ignored it

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3 years ago
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