Answer:
$17,400
Explanation:
<em>Equation to be used is as follows: </em>Beginning Prepaid Insurance Expense balance + Cash paid for insurance premium - Ending prepaid insurance balance = Insurance expense
$3,000 + Cash paid - $2,200 = $18,200
$800 + Cash paid = $18,200
Cash paid = $18,200 - $800
Cash paid = $17,400
So, the cash paid for insurance premiums during 2014 was $17,400
As interest is
recorded on an interest-bearing note, the interest expense account is<span> and
the Interest Payable account is increased.</span>
The difference between the interest expense
and interest payable is that Interest expense<span> is the cost of debt that has occurred and Interest
payable is the interest expense that has been incurred. on an interest nearing note both accounts are increased.</span>
Answer:
flexibility of wages and prices over time
Explanation:
The neoclassical view posits that long-term expansion of potential Gross Domestic Products (GDP) due to economic growth will determine the size of a country's economy but the economy cannot sustain production above its potential Gross Domestic Products (GDP) in the long run.
A distinguishing characteristic of the neoclassical view is flexibility of wages and prices over time.
$2,675,703.29
pv of business= pv of cash flow + PV selling business