Gilbert’s understanding here showcases that his developmental stage, according to Jean Piaget, is at the concrete operational level.
Concrete operational is part of Piaget’s cognitive development stages, more specifically, the third stage which commonly occurs during age 7-11. It is characterized by the child’s capacity to reason and apply logical concepts – but only to physical objects.
Answer:
Dr Interest receivable 21,780
Cr Interest revenue 21,780
Explanation:
Preparation of the appropriate interest Journal entry on December 31, 2021
Based on the information given we were told that the company paid the amount of $280,000 for the machine in which the company will be leasing the machine to Zone for the amount of $38,000 per year while 9% of the amount will be return to Calloway which means that the interest entry on December 31, 2021 will be recorded as:
Dr Interest receivable 21,780
Cr Interest revenue 21,780
Calculated as :
Cost of machine $280,000
Less lease amount per year $38,000
=$242,000
Hence,
$242,000*9%
=$21,780
Answer:
The correct answer is unwillingness of borrowers to obtain loans from banks to invest in factories or expansion of the firm.
Explanation:
Solution
<em>Given that:</em>
Leakage problem occurs or happens within an economy when the money goes out of the economy, which leads to a loss in the economic value of goods and services, and also leads to loss in profits making.
This would lead to an unwillingness of borrower's to obtain loans from banks in the expansion of the firm or to invest in factories.
Answer:
Such a study is best characterized as a non-experimental study.
Explanation:
Non-experimental research is the study whereby a researcher cannot manipulate, control, or change the subjects of a research but instead, the researcher depends on observation, interpretation, or interactions to arrive at a conclusion. This means that in a non-experimental study, the researcher relies on surveys, correlations or case studies.
Non-experimental research has a great level of external validity because it is usually generalized to a bigger population. XYZ Corp making use of a survey is an example of non-experimental study.
Answer:
April 5
Debit : Merchandise $36,000
Credit : Accounts Payable - Tamarisk Company $36,000
April 6
Debit : Accounts Payable - Tamarisk Company $920
Credit : Cash $920
April 7
Debit : Equipment $30,500
Credit : Accounts Payable $30,500
April 8
Debit : Accounts Payable - Tamarisk Company $4,200
Credit : Merchandise $4,200
April 15
Debit : Accounts Payable - Tamarisk Company $30,880
Credit : Discount received $926.40
Credit : Cash $29,954
Explanation:
Working for Journal on April 15
Balance = $36,000 - $920 - $4,200
= $30,880
Discount = $30,880 x 3%
= $926.40
Amount Paid = $30,880 - $926.40
= $29,954