The most reliable evidence that an economy is in the Expansion phase of the business cycle are a rising GDP and a declining unemployment rate.
In terms of the economy, an expansion is a time when a country's overall economic productivity is rising.
The bulk of business entities begin to generate enough profit from their operations at this point. Their capital reserve increased as a result of this. As a result, they frequently spend in various areas of their companies to boost productivity. (such, spending money on new technology or employing more people).
The entire consumption, investments, government spending, and net export of a nation are added to determine its GDP. These all tend to rise in value amid economic expansion. The overall GDP will consequently grow.
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1. Nikita creates an FSA ID
2. Nikita fills out the FAFSA online.
3. Colleges ask Nikita to verify the information in the FAFSA
4. Nikita rechecks the information she provided and makes a few corrections.
5. In about two weeks, Nikita receives a document called Student Aid Report (SAR)
6. Nikita receives financial aid award letters from various colleges.
Answer: A)the collection of things a person has done
Explanation: just answered it EDGE 2021
Purchase of a security by the bank will decrease the reserves in the banking and as a result the monetary base will also decrease.
<u>Explanation:</u>
The federal reserve system is the central bank of the United States of America. It has certain measures under it's control to manage the supply of money in the economy.
One of those measures is the purchase and the selling of the securities. If the security is purchased by the bank from the Federal reserve system, it will decrease the money reserve in the banks. As a result of this the monetary base will decrease in the country also.
Answer:
![\left[\begin{array}{ccc}$Account&$DEBIT&$CREDIT\\$Cash&37,600&-\\$Prepaid insurance&4,600&\\$Office supplies&890&-\\$office equipment&12,900&\\$accouts payable&-&12,900\\$Capital Account&&18,000\\$drawins&3,370&\\$Sales revenue&&36,000\\$Rent expense&7,540&\\$Total&66,900&66,900\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%24Account%26%24DEBIT%26%24CREDIT%5C%5C%24Cash%2637%2C600%26-%5C%5C%24Prepaid%20insurance%264%2C600%26%5C%5C%24Office%20supplies%26890%26-%5C%5C%24office%20equipment%2612%2C900%26%5C%5C%24accouts%20payable%26-%2612%2C900%5C%5C%24Capital%20Account%26%2618%2C000%5C%5C%24drawins%263%2C370%26%5C%5C%24Sales%20revenue%26%2636%2C000%5C%5C%24Rent%20expense%267%2C540%26%5C%5C%24Total%2666%2C900%2666%2C900%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We must do ledger for each accounts, most of them only got one transaction so we just post them directly.
For cash we must do it as there are several transaction:
CASH
<u>DEBIT CREDIT</u>
18,000
(7,540)
(4,600)
(890)
36,000
<u> (3,370)</u>
37,600
Assets and expenses goes into debit column
Liabilities, equity and revenues into credit column
