Answer:
The journal entry is as follows:
Cash A/c Dr. $ 25,437.50
To Notes Receivable A/c $25,000
To Interest revenue A/c $437.50
(To record the collection of the note and interest at maturity)
Working notes:
Interest for 90 Days:
= Note value × Interest rate × Time period
= $25,000 × 0.07 × (90/360) days
= $437.50
The position that describes Karl Marx's view of religion and society is his power with the connection to religion. Karl Marx as one of the most influential people in the history for he implemented various revolutionary actions which were condemned and criticized.
Answer:
Monetary downturn would perpetually cause fall in total interest in economy. Thus, interest for online music will fall also. Request bend will move to left and equilibrium will be built up at lower point. Following is chart:
Cost of houses Supply Old balance cost New Demand cost new equilibrium amount Old
Equilibrium value: Falls
Equilibrium Quantity: Falls.
In above graph DD tumbles to leftwards and now request bend converges the SS or supply bend at lower point. Balance is accomplished at lower point where both cost just as amount fall.
Explanation:
<u>a.what happens to the price of coffee beans?</u>
In this case, when there is a phenomenon like a hurricane that destroys half the harvest, the supply of coffee beans consequently decreases, the quantity decreases and the price increases.
<u>b. What happens to the price of a cup of coffee? What happens to the total expenditure on cups of coffee?</u>
When the price of the main input for the production of coffee cups increases and the supply decreases, it appears as an increase in the price of a cup of coffee and a decrease in the amount of coffee cups available on the market.
As they have an inelastic demand, coffee cups with a higher price correspond to an increase in total coffee expenses.
<u>c.What happens to the price of a cup of donuts? What happens to the total expendiure on donuts?</u>
In this case, donuts and coffee are complementary, so when there is an increase in the price of coffee and a decrease in the quantity demanded, there is also a decrease in the demand for donuts. So if the demand for donuts decreases, their price also decreases and the total expenditure on donuts decreases.
Answer:
It ensures that the Effective internal control reduces the risk of asset loss, and helps ensure that plan information is complete and accurate, financial statements are reliable, and the plan's operations are conducted in accordance with the provisions of applicable laws and regulations. ... Why internal control is important to your plan.
