Answer:
though borrowing loans
Explanation:
one can borrow a loan from the bank and start a business
Answer: affect aggregate demand directly.
Explanation:
Monetarists believe that money supply is very important in determining the economic growth of an economy and this is why they advocate for monetary authorities to get involved in the monetary system in order to guide the growth of the economy.
To monetarists, the supply of money influences consumption as well as investment and so directly affects aggregate demand because both consumption and investment are components of aggregate demand. For instance, an increase in money supply increases both consumption and investment and so increases aggregate demand.
Answer:
Amount to be borrowed $18,040
Explanation:
The computation of the amount that should be borrowed is given below:
Opening cash balance $29,500
Add Cash Receipts $98,000
Less Cash Disbursements -$122,540
Balance before adjustment $4,960
Desired ending cash balance $23,000
Amount to be borrowed $18,040
Answer:
A. True
Explanation:
This two principles i.e matching principle and the revenue recognition principle are interrelated to each other
The matching principle is that the principle in which the expenses of a particular period and the revenues incurred of a particular year should be matched.
Whereas the revenue recognition principle stated that whenever the revenue is earned it should be recorded whether cash is received or not
So for recording the adjusting entries, these two principles are required
Answer:
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
Explanation:
Preparation of the adjusting entry that the company should make at the end of the current year to record its estimated bad debts expense
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
($31,500+$900)
( To record its estimated bad debts expense)
Estimated Bad debts expense =Account receivables + Debit balance
Estimated Bad debts expense= $31,500 + 900
Estimated Bad debts expense=$32,400
