How does voter suppression relate to systemic racism?

Metlock, Inc. borrowed $9,800 by signing a 12%, one-year note on September 1, 2019. 2. A count of supplies on December 31, 2019,

Talja [164]

Question

Metlock, Inc has the following balances in selected accounts on December 31, 2019

Accounts Receivable $ -0-

Accumulated Depreciation—Equipment -0-

Equipment 7,000

Interest Payable -0-

Notes Payable 9,800

Prepaid Insurance 2,820

Salaries Payable -0-

Supplies 2,450

Unearned Consulting Revenue 36,000

All the accounts have normal balances.

The information below has been gathered at December 31, 2019.

1. Metlock, Inc. borrowed $9,800 by signing a 12%, one-year note on September 1, 2019.

2. A count of supplies on December 31, 2019, indicates that supplies of $860 are on hand.

3. Depreciation on the equipment for 2019 is $1,600.

4. Metlock, Inc. paid $2,820 for 12 months of insurance coverage on June 1, 2019.

5. On December 1, 2019, Metlock, Inc. collected $36,000 for consulting services to be performed from December 1, 2019, through March 31, 2020.

6. Metlock, Inc. performed consulting services for a client in December 2019. The client will be billed $4,300.

7. Metlock, Inc. pays its employees total salaries of $7,500 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2019

Answer:

1. Metlock Inc borrowed $9,800 by signing a 12%, one-year note on September 1, 2019

Dr Cash $9,800

Cr Notes Payable $9,800

2. A count of supplies on December 31, 2019, indicates that supplies of $860 are on hand.

Dr Supplies Expense $1,590

Cr Supplies $1,590

3. Depreciation on the equipment for 2019 is $1,600.

Dr Depreciation Expense--Equipment $1,600

Cr Accumulated Depreciation--Equipment $1,600

4. Metlock Inc paid $2,820 for 12 months of insurance coverage on June 1, 2019.

$2,820 x 7/12 = $1,645

Dr Insurance Expense $1,645

Cr Prepaid Insurance $1,645

5. On December 1, 2019, Metlock Inc collected $36,000 for consulting services to be performed from December 1, 2019, through March 31, 2020.

$36,000 / 4 months = $9,000 per month

Dr Unearned Consulting Revenue $9,000

Cr Consulting Fees $9,000

6. Metlock Inc performed consulting services for a client in December 2019. The client will be billed $4,300.

Dr Accounts Receivable $4,300

Cr Consulting Fees $4,300

7. Metlock, Inc. pays its employees total salaries of $7,500 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2019

$7,500 / 5 x 3 = $12,500

Dr Salaries Expense $12,500

Cr Salaries Payable $12,500

Explanation:

8 0

3 years ago

According to a study by charness and boot, the ________ plays an increasingly important role in providing access to information

kiruha [24]

According to a study by charness and boot, the Internet plays an increasingly important role in providing access to information and communication for older adults as well as younger adults and youth.

<h3>What is Communication?</h3>

Communication is referred to the exchange of information between two individuals in the form of conversation, opinion, suggestion, or advice with the help of medium or direct interaction.

The Internet plays important role in information sharing among adults as well as older adults and comes as means of communicating with them from distant places. It provides access to information about every aspect to gain knowledge.

Learn more about the Internet, here:

brainly.com/question/16721461

#SPJ4

6 0

1 year ago

Why should we learn the Grand Narrative of Scripture in order to effectively across cultures with the gospel

muminat

Answer is given below:

Explanation:

We need to learn the great narrative of scripture in order to effectively understand and integrate cross cultures with the gospel.
Provides a variety of information on how to deal with other people who guide the spread of the gospel in different cultures.
Cultural awareness is very important in the context of proclaiming the gospel. By understanding the differences in cultures, it ensures that the individual is sensitive to different cultures.
People have different beliefs and lifestyles. It is important to respect differences even when proclaiming the gospel in this way. Preachers need to put people forward when spreading the gospel.

4 0

3 years ago

For each situation, give an example of a fiscal policy and a monetary policy solution. (p. 15)

docker41 [41]

Answer:

Monetary Policy refers to the use of money supply and interest rates by the Central bank of a country to help achieve Economic goals such as inflation, consumption and economic growth. An expansionary monetary policy increases money supply and a contractionary policy decreases it.

Fiscal Policy has the same aim of helping the Government achieve economic goals but this time done by regulating government spending or taxes. An expansionary fiscal policy sees increased government spending and reduced taxes while a contractionary policy sees decreased government spending and higher taxes.

<u>1. Rapid investment during a boom period threatens to overheat the economy. </u>

Fiscal policy solution: Contractionary Fiscal Policy

The Economy might overheat because of a high amount of investment in production. This means that Aggregate Demand is moving too fast. To rein this in with Fiscal Policy, the Government can increase taxes and reduce spending. This way people have less money to save to be used for investment and companies have less money to do the same.

Monetary policy solution: Contractionary Monetary Policy

The Central bank should reduce money supply and increase interest rates. They can do this by increasing the reserve requirement rate for banks and engage in Open Market Operations to sell securities to the public. This reduction in money supply will increase interest rates thereby reducing the amount of money left for investing.

2. Layoffs lead to an economic slowdown.

Fiscal policy solution: Expansionary Fiscal Policy

The goal here is to stimulate the economy so that employers can hire more people. The Government can increase spending which would lead to a multiplier effect in income. They should also reduce taxes so that the people can have more money after paying taxes. These two things will have the effect of increasing investment spending which will enable companies to embark on new projects that will increase employment.

Monetary policy solution: Expansionary Monetary Policy

The Central bank should also aim to increase interest rates and money supply at least in the short run. By decreasing the Discount rate as well as the Reserve requirement, and embarking on Open Market Operations where they buy securities from the public, they can increase money supply. This increase in money supply will mean that there is excess money for investment which will lead to increased employment.

3 0

2 years ago

HELPPPPP MEEEEEE:

DanielleElmas [232]

Hi there hope this helps you and is enough!

8 0

2 years ago

Read 2 more answers