The FDA, but I don't know what the others are.
Answer:
<em>Computation of the interest expense using the equation as shown below:
</em>
Interest expense for year 1 = Notes payable * Interest rate
= $100,000 * 10%
= $7,000
Notes payable reduction in Year 1 = $14,238 - $7,000
= $7,238
General journal entry
Item Debit Credit
<em>Notes payable $7,745</em>
Interest expense $6,493
Cash $14,238
Workings
Interest expense = ($100,000 - $7,238) * 7%
= $92,762 * 7%
=$6,493
Individuals usually need to have effective communication skills
Domestic commerce is
b. The buying and selling of products within a particular country
Foreign commerce is the buying and selling of products between two countries
Taxation is the way a government determines tax rates
Laws start out as proposals.
Answer: The statement that apply is "There are external benefits associated with greater knowledge in a country."
Explanation: An increase in educational opportunities for women produces an increase in the opportunity cost of having a child so it could reduce the population growth rate. Greater educational opportunities for women would produce an increase in human capital, therefore, it would also increase productivity, causing external benefits and there would be greater knowledge in the country that could produce an improvement in economic growth.
