Supervisor must make more adjustments
Answer:
a.
DR Cash .....................................................................$9,003.31
DR Cash Over and Short.........................................$66.99
CR Sales revenue........................................................................$9,070.30
Working
Cash = 9,070.30 - 66.99 = $9,003.31
b.
DR Cash .....................................................................$9,107.67
CR Sales revenue........................................................................$9,070.30
CR Cash Over and Short.............................................................$37.37
Working
Cash = 9,070.30 + 37.37 = $9,107.67
Answer: $793 billion
Explanation:
Following the information provided in the question, the corporate profit will be calculated as:
Undistributed corporate profits = 141
Add: Dividend = 434
Add: Corporate income taxes = 218
Corporate profit = $793
Therefore, the corporate profit is $793 billion
Answer:
False
Explanation:
When supply of loanable funds increases, the borrowers have more sources of availing loans. Such a situation leads to a competition among suppliers of loanable funds.
Thus, to attract borrowers, suppliers have to lower the rate of interest on loans.
Thus, Borrowers will not bid up the interest rate in such a scenario and would rather bid down the interest rate.
