Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
B. is designed to expand real GDP.
Explanation:
Expansionary fiscal policy is a term used in economics, it refer to the fiscal policies which aim to expand or grow economy. Measure been taken to increase demand of goods and services in the market, through increasing governement spending, decreasing taxes and various other changes in policies, so that economy can grow. Expansionary policy can be either of fiscal policies or Monetary policies.
Financial and investment planning, banking, insurance and business financial management.
Management, customer service, and communication.
Answer:
a. $300,000
Explanation:
Calculation
Calculation for the differential revenue from the acceptance of the offer
Using this formula
Differential revenue= Units of offer received× Amount per unit
Let plug in the formula
Differential revenue=20,000 units× $15 per unit
Differential revenue=$300,000
Therefore the differential revenue from the acceptance of the offer will be $300,00
Answer:
The journal entry to record the sale :
Debit : Note Receivable $120000
Credit : Sales Revenue $120000
Explanation:
The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.
