Is this something your working on?
Answer:
Option B is correct, revenue has the debit side. But, if the rent is an expense and not a revenue, the rent expence will be on the credit side and the fees earned will be on the debit side,so, for this case, option A will be the correct answer
Explanation:
To close the Journal entry here, with fees earned=$131 and rent revenue=$124, accounts during the year end will be closed with the fees earned account(revenue account) and the expenses are closed by transferring the amount of fees accrued or earned account and expense account to the retained earnings in order to bring the revenue accounts and the expenses accounts balance to zero.
Answer:
U(x) = 10vx. If Andy eats 64 pieces of candy,
Explanation:
Answer:
$1,230,000
Explanation:
The computation of the amount included in the general and admin expense is shown below:
= Accounting and legal fees + Officer salaries + Half of rent
= $420,000 + $540,000 + (540,000 ÷ 2)
= $1,230,000
We simply added the accounting & legal fees, officer salaries and half rent so that the amount involved in general and admin expense could come
Answer:
The correct answer is option d.
Explanation:
Fiscal policy is a tool to affect economic activities and GDP through changes in government spending and tax revenue. Contractionary fiscal policy is used to reduce economic activities. It is adopted in case of inflationary pressure.
Contractionary fiscal policy may involve a reduction in government spending which will eventually reduce aggregate demand. Or the government could increase the tax rates. This will cause the disposable income of the consumers to reduce.
As the purchasing power decreases with the decline in disposable income, consumer spending will get reduced as well. This will further cause the aggregate demand to decline.
The government can use either of them or both at the same time.
