<span>Sheena has twice the amount of principal as Karl has in his account. We can use 100 and 200 to establish how much interest they be making, if we keep the other values the same.
100(0.1)(3) = 30
200 (0.1)(3) = 60
Sheena makes twice as much interest as Karl.</span>
Answer:
Ending RE 153,000
Explanation:
Retained Earning will be calcualte as follows:
We need to solve for the net incoem in order to solve for ending Retained Rearnings (RE)
Net Income: Revenues - Expenses
Service Revenue 280,000
Salaries Expense (62,000)
Depreciation Expense (5,900)
Supplies Expense (14,000)
Insurance Expense (14,600)
Utilities Expense <u> (20,000) </u>
Net Income 163,500
Retained Earnings 11,500
Net Income 163,500
Dividends (22,000)
Ending RE 153,000
Answer:
The correct answer is letter "D": the services of an independent auditor.
Explanation:
Every time an internal auditor feels there is inaccurate information on the company's books, <em>requesting for an external audit of a Certified Public Accountant (CPA) is a valid option</em>. Auditors must clarify any piece of information that seems ambiguous in a firm's general ledger. Otherwise, if mistakes or fraud are found, the auditor can be considered an accomplice of such activities.
When the government decides to increase its spending by $3 billion, Over time, the real GDP increased by $12 billion. The expenditure multiplier is 4.0. Hence, Option C is correct.
<h3>What is the expenditure multiplier?</h3>
With the help of the expenditure multiplier, one can see the impact of the changes that have occurred in autonomous spending. This will be calculated on the total spending and aggregate demand in the economy.
An illustration for better understanding is here:
Expenditure multiplier = Change in real GDP / Change in spending
Expenditure multiplier = 12 / 3
Expenditure multiplier = 4
Thus, the expenditure multiplier is equal to 4.0. Option C is correct.
Learn more about expenditure multiplier from here:
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