It should be noted that statement of retained earnings gives lists of the beginning and ending balances of key equity accounts.
<h3>What is statement of retained earnings?</h3>
The statement of retained earnings can be regarded as a financial statements which provides details changes in the volume of retained earnings over some period.
statement of retained earnings describes the changes that occur during the period.
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Answer:
C. Transportation in the Sacramento Valley underwent an evolution from necessity.
Explanation:
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A decrease in the discount rate increases bank reserves and increase the money supply if banks respond appropriately to the change in the rate.
<h3>What is discount rate?</h3>
Dscount rate serves as the rate of interest that the central bank charges on its loans and advances to a commercial bank.
Therefore, when there is increase in discount rate, there will be increase in money supply.
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Answer:
The answer is easy and simple to understand.
First of all, it ill be generally good for your business, price levels of materials required and services will remain at a reasonable level so you can afford them.
Moreover, the cost of financing will be bearable and low. Since the interest rates are low, more money can be borrowed to expand your business venture.
Economic book means more employment opportunities, and as the supply of labor increases. the cost or the wage rate can remain at a reasonable and fair level for both the employers and employees.
The currency exchange rates will be stable and will not deviate heavily during the economic boom period, making importing and importing fairly easy for your business.
However, since the economy is rigorous and healthy, more entrepreneurs will enter the market and the competition will be sever.
Moreover, foreign investors and businesses with new technologies, products and practices may enter your market, making it a bit difficult for you.
Explanation:
Answer:
a. Overstate b. Understate c. Understate d. Understate
Explanation:
a. As the environment becomes dirtier, the broad standard of living declines, but it is not included in GDP. GDP includes final goods and services produced. So, here GDP will be overstated.
b. Similarly, the decline in crime rates are not included in GDP, though cause the standard of living to improve. So, here GDP is understated.
c. Availability of variety of goods improves the standard of living but is not included in GDP, so it is understated.
d. A decline in the infant mortality rate means the broad standard of living is improving. But since it is not included in the GDP, it is understated.
