Answer: One that decreases taxes and increases spending
Explanation: got it wrong
Based on the information given the real rate of interest is:2%.
<h3>Real rate of interest</h3>
Using this formula
Real rate of interest=Nominal interest rate-Inflation rate-
Where:
Inflation rate=5%
Nominal interest rate=7%
Let plug in the formula
Real rate of interest=7%-5%
Real rate of interest=2%
Inconclusion the real rate of interest is:2%.
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Answer:
The answer can include both C and D. Description below.
Explanation:
We make the following records.
The treasury stock was reissued at a premium of 5184 - 4556 = $628
Since treasury stock is credit account by nature we debit to reduce it by the Amount of $4,566
$628 is to be credited to the paid in capital as this is premium received in excess of par value of the stock. Since there is no mention of premium or paid in capital account we may credit the Excess of Par/Common.
Hope that helps.
Answer:
Cash $33,000
To Deferred rent revenue $33,000
(Being cash is recorded)
Explanation:
The Journal entry is shown below:-
January 1, 2018
Cash $33,000
To Deferred rent revenue $33,000
(Being cash is recorded)
For recording the Tabitha record on January 1, 2018, we simply debited the amount of cash and credited the deferred revenue as the payment is received.
