Answer:
Sky Mountain's adjusting entry four months later at December 31 would include:
Debit Interest expense $1,080
Credit Interest Payable $1,080
Explanation:
Sky Mountain Co. borrowed $54,000 on a 6% note payable to Coast National Bank.
The amount of interest for 1 year = $54,000 x 6% = $3,240
The amount of interest for 1 month = $3,240/12 = $270
From September 1 to December 31, in Sky Mountain Co.
The amount of interest expense = $270 x 4 = $1,080
Sky Mountain's adjusting entry at December 31:
Debit Interest expense $1,080
Credit Interest Payable $1,080
The tragedy of the commons is the <u>tendency for people to over-consume </u><u>common resources</u>, leading to their depletion.
<h3><u>The Tragedy of the Commons</u></h3>
There are a number of reasons why this problem arises:
- One is that people are often motivated by self-interest, and so they may not consider the long-term effects of their actions.
- Another reason is that people may not have a full understanding of the problem, and so they may not realize the importance of conserving resources.
This problem can have a number of negative consequences.
- One is that it can lead to the depletion of important resources. This can cause economic hardship for those who depend on those resources, and it can also lead to environmental degradation.
- Additionally, the problem of the tragedy of the commons can also lead to social conflict, as people compete for access to limited resources.
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Answer:
lower taxes
Explanation:
According to the Keynes, the only way that the economy will generate more activity in the short run is to provide Lower the taxes such that the activity generated towards the economy could increase.
Answer:
The female artist Sinead O'Connor.
Explanation
Sinead O'Connor refused to accept the Grammy Award for her album in 1990 with the title "I do not want what I haven't got".
The reason that she gave for refusing the award was that the show that accompanied the award was too commercialized and materialistic.
The Grammy Awards began in 1959. A recipient of the award is given a gold plated trophy in the shape of a gramophone, which was an early recording device that followed the invention of the phonograph by Thomas Edison.
The amount of $25.00 billion will be the private investment spending that each $10 billion increase in government spending will crowd out.
<h3>What is the explanation on government expenditure?</h3>
When the government expenditure increased by $1 billion, the planned investment expenditure will falls by $0.20 billion., hence, for each $1 billion increase in government spending, there is a net change in intial spending of $0.2 billion
Also, the aggregate demand curve will shift to the right by the net change in spending multiplied by the multiplier, which equals 1- MPC.
Hence, the net increase in AD due to the $1 billion increase in government expenditure is equals what is known as the net multiplier.
Therefore, the amount of $25.00 billion will be the private investment spending that each $10 billion increase in government spending will crowd out.
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