Answer:
Going concern
Explanation:
Going concern is an accounting term that means a business is expecting to make money and continue in business indefinitely. It means the business would continue to operate into the foreseeable future without a threat of liquidation.
I hope my answer helps you
Answer:
Accounts receivables 45,000 debit
Fees revenue 45,000 credit
Explanation:
Harry will record based on previous expenrience using the gross method that is, to record according to the nominal value of the invoice Thus account receivables and the revenue recognize will be for the full amount. If latter the customer uses the discount then, it will use the sales discount account to later determinate net sales in the income statement.
<span>Financial deregulation was a big part of why profits soared during these years. With businesses feeling as if they had more freedom to use their profits as they saw fit, they were able to increase technology, innovation, and therefore, their overall profit margins, instead of having to use those profits for tax purposes.</span>
Answer:
d. $390 million merits and $110 million merits
Explanation:
The computation of the consumption and the government expenditure is shown below:
As we know that
Budget Surplus = Taxes - government expenditure
$40 = $150 - government expenditure
So, the government expenditure is $110 million
In addition,
Gross domestic product = Consumption + investment + government expenditure + net exports
$600 = Consumption + $100 + $110 + $0
So, the consumption is
= $600 - $100 - $110
= $390 million
We simply applied the above formulas in order to find out the consumption and government expenditure
Face/Par Value. Hope this helps!
-Astro, Helper-In-Training
