<span>If the actual rate is higher than the natural rate, the economy is in a recession (also know as a slump).
... by definition there is a recession.</span>
Parents could include their kids into interactive activities such as sports or social clubs.
Answer:
False
Should be left to problem solving and decision making.
Answer:
(B) 34400 units
Explanation:
The formula to compute the break even point is shown below:
= (Fixed costs) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $50 - ($50 × 50%)
= $50 - $25
= $25
And, the fixed cost = $665,000 + $195,000 = $860,000
So, the break even point would be
= ($860,000) ÷ ($25)
= 34,400 units
Answer:
a.
Date Account Title Debit Credit
Nov. 14 Note Receivable $4,800
Accounts Receivable $4,800
b.
Date Account Title Debit Credit
Dec, 14 Interest Receivable $56.40
Interest revenue $56.40
<u>Working </u>
= 4,800 * 9% * 47 days / 360
= $56.40
47 days is number of days from Nov. 14 to December 31.
c.
Date Account Title Debit Credit
Feb. 12 Cash $4,908
Interest receivable $56.40
Interest revenue $51.60
Notes Receivable $4,800
<u>Working:</u>
Cash = 4,800 + (4,800 * 90/360 * 9%)
= $4,908
Interest revenue = Cash - Interest receivable - Notes receivable
= 4,908 - 56.40 - 4,800
= $51.60
