Answer:
c. $34,575
Explanation:
Data provided in the question
Accounts receivable = $44,890
Accounts payable = $6,405
Cash = $16,070
Common stock = $42,500
Long-term notes payable = $20,600
Merchandise inventory = $28,475
Salary Payable = $28,170
Retained earnings = $50,465
Prepaid insurance = $2,365
So, The computation of the current liabilities are as follows
= Accounts payable + salary payable
= $6,405 + $28,170
= $34,575
Therefore, the current liabilities only includes the account payable and the salary payable.
Answer:
When the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.
Explanation:
if the money market is drawn with the value of money on the vertical axis, while the price level increases there will be a decrement in the value of money, and an increment in the quantity of money demanded.
An increment in the price level causes the money demand curve to shift to the right , while a decrement in the price level causes the money demand curve to shift to the left.
As the price level decreases, the value of money increases, so people want to hold less of it.
Therefore, when the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.
Answer:
The correct answer is option C.
Explanation:
Suppose there is pessimism in an economy because of corporate scandals, international tensions, loss of confidence, etc. This is going to adversely affect the economy. Because of corporate scandals, the investment will decline. Loss of confidence in consumers will cause a reduction in consumption spending. International tensions cause net exports to decline.
All of this causes aggregate demand to decline. The aggregate demand curve moves to the left. This leftward shift causes both the quantity of output and price to fall. As output fall real GDP will decline as well.
Answer:
The answer is letter D.
Explanation:
Because it is harder to detect outliers.
Answer:
The answer is: $2,300
Explanation:
To determine the ending balance of the account Allowance for Bad Debts of Blended Corporation, we can use the following formula:
ending balance = beginning balance - amount wrote off + recorded bad debts
ending balance = $1,300 - $1,800 + $2,800 =$2,300
