Answer: Cash is King; it is the only thing you can spend or invest
Explanation:
Finance is all about cash. Its all about getting cash from those who have it to those who need it so that the latter can invest and earn returns for both them and the people who invested the cash.
Simply put therefore, cash is king in finance. It is the only thing that can be invested so that one gets a return or can be spent so that one's needs are fulfilled. Indeed the term finance means the provision of cash which is why the field is so important. It is safe to say that there can be no economic growth without finance.
Answer:
The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.
Debit Processing Department (WIP Asset) $ 25,000
Credit Factory Wage (Liability) $ 25,000
The journal entry to record the factory wages of $15,000 incurred in the production department.
Debit Production Department (WIP Asset) $ 15,000
Credit Factory Wage (Liability) $ 15,000
Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.
Answer: Please refer to Explanation
Explanation:
Classical Dichotomy refers to the idea that real variables such as income and output are independent of monetary Values. That money only helps increase transactional efficiency.
This concept separates Nominal and Real Variables by positing that Nominal Variables can be measured in dollar terms but Real Variables are measured in physical terms.
1)Which of the following give the nominal value of a variable? Check all that apply.
Remember. They should be in dollar terms.
So the answers will be,
a. The price of a beignet is $3.00 in 2011.✔️
b. Maria's wage is $27.00 per hour in 2011.✔️
c. The price of a beignet is 0.33 paperback novels in 2011❌ (NOT NOMINAL VALUE)
2. Which of the following give the real value of a variable?
Check all that apply.
Physical terms now.
a. The price of a paperback novel is 3 beignets in 2011.✔️
b. Maria's wage is 9 beignets per hour in 2011.✔️
c. The price of a paperback novel is $9.00 in 2011.❌ (NOT REAL VALUE AS IT IS IN DOLLAR TERMS)
Answer:
C. replace high-interest credit cards with low-interest options.
Explanation:
A credit card provides a secure and convenient way to pay for goods and services even when they do not have money. The credit card gives the user access to instant credit every time they use it. The user does not incur any charges should they pay the amount due before its due date.
Credit card interest rate charges are among the highest in the industry. If the user is late in their payment, the interest fee and other charges accumulate real quick. Shifting to cards with lower interest is one way of managing credit card debts.
Retained Earnings = $86,000
Accounting Equation…Assets= Liabilities + Owners Equity
Assets (Cash, acct rec, equipment, building, land) = $421,000
Liabilities (Notes payable, accounts payable)= $260,000
Equity (capital stock) = $75,000
Liabilities + Equity= $335,000
Retained Earnings flows into equity
$421,000-$335,000= $86,000
$335,000+86,000= $421,000
So the equation balances.
