Answer and Explanation:
The Journal entry is shown below:-
Estimated other financing sources - transfers in Dr, $90,000
To Appropriations $90,000
(($3,600,000 × 5%) ÷ 2)
(Being budget transaction is recorded)
Therefore for recording the budget transaction we simply debited the Estimated other financing sources-transfers in and credited the Appropriations.
Answer:
-900000000000000000000000000
Answer:
-0.2245
Explanation:
Given the data :
X series :
16
12
8
9
18
9
11
16
15
3
Y series :
23
22
24
18
16
15
28
18
25
24
Using technology, the correlation coefficient value for the model whose data is given above is - 0.2245 which depicts that a weak negative relationship exists between the X series values varibale and Yseries variable. Our conclusion was inferred from the fact that - sign denotes negative and values close to zero denotes a weak association between the plotted variables.
Answer:
D. this amount should be included in calculating that year's GDP
Explanation:
If the economy adds to its inventory of goods during some year, the amount should be added to the calculation of GDP for that particular year.
Answer:
True
Explanation:
Economic profits takes into account the impact of both the explicit costs and implicit costs. Accounting profit only considered the impact of explicit costs.
Explicit costs refers to the costs which are incurred for operating a business. It includes all the expenses for doing the transactions and can be measured in monetary terms.
Implicit costs are also defined as the opportunity costs. Opportunity costs refers to the foregone benefit that could be obtained from the next best alternative.
Economic profit = Total revenues - Explicit costs - Implicit costs
Accounting profit = Total revenue - Explicit costs