Answer and Explanation:
The journal entries required to adjust the balance of cash as follows:
1. Cash Dr $1,128
To Notes receivable $1,100
To Interest revenue $28
(Being the cash is recorded)
Here cash is debited as it increased the assets and credited the notes receivable and interest revenue as it decreased the assets and revenue
2. Service expense Dr $78
Account receivable Dr $280
To cash $358
(being the cash paid is recorded)
here service expense and account receivable is debited as it increased the expenses and assets and credited the cash as it decreased the assets
HELLLPPPP
The Kids have been asked to decide whether India has more wealth than Peru. Mary says they should use the GDP while jann says they should use the GDPP. Who is right?
1. Mary
2. Jann
Neither, they should use the exports and imports
Answer: Mary
Explanation:
GDP simply means the gross domestic product and it is the value in terms of money based on the goods and services that a country produces.
With regards to the question, Mary is right as the GDP can be used to denote economic growth and also know how a particular economy is doing. Wealthy nations usually have a huge GDP.
Tyler is a recent college graduate that has a large private student loan debt. He is
single with no children. He wishes to get some cheap life insurance that will pay off
the debts in case he passes away. Which life insurance policy will fit his needs
best?
A. Term policy
B. Neither
C. Debt policy
D. Permanent policy
Answer: Term Policy
Explanation:
Term policy life insurance policy will fit his needs best. Thus, the correct option is A.
What is insurance?Insurance is a contract between an individual or organization (the policyholder) and an insurance company (the insurer) that provides financial protection against certain types of risks or losses.
The policyholder pays premiums to the insurer, and in exchange, the insurer agrees to pay out benefits or compensation in the event of covered losses or damages.
Insurance works on the principle of risk pooling, which means that the premiums paid by all policyholders are pooled together to cover the losses of the few who experience them.
This allows individuals and organizations to transfer the financial risks of certain events to the insurer, which helps to mitigate the impact of those events on their finances.
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Zoowawa's nominal GDP rose by 6% between 2017 and 2018. If its inflation rate was 2.5%, by how much did its real GDP increase?
Answer:
3.5%.
Explanation:
Real GDP is understood to be that which arises from the difference between the economic growth (that is, of the GDP) of a country during a given period, and the inflation that occurred during that period. That is to say, inflation is subtracted from said economic growth.
Thus, since Zoowawa's nominal GDP grew by 6 percent, while inflation was 2.5 percent, the real GDP of that nation grew by 3.5 percent (6 - 2.5) during the mentioned period.
Select all that apply.
Which of the following would be considered full-time work?
hours
33 hours
9 G 8C it
45 hours
51 hours
Guya paid 20% more for a name-brand entertainment system than a generic one would have cost.assuming the generic system was $400, how much did he pay for his entertainment system
Answer:
$480
Explanation:
Find 1% of the cost.
100% = 400
1% = 400 ÷ 100 = 4
Since they are asking for entertainment system, which costs 20% more than the generic, find out 120%.
120% = 4 x 120 = 480
The expansion phase of a business cycle is a period during which:
A. the economy steadily grows.
B. the economy steadily declines.
C. the economy hits its highest point.
D. the economy hits its lowest point
Answer:
A. the economy steadily grows.
Explanation:
A business cycle is the periodic fluctuations of economic activities in the country. Naturally, the economy will experience seasons of boom and periods of downturns.
The expansion phase is the period where a business experiences steady growth, as indicated by a rise in GDP value. The expansion comes after a recession where the economy was experiencing minimal or negative growth. At the expansion phase, demand for goods and services is increasing, job opportunities are being created, and incomes are rising.
Answer:A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.
Explanation:
Which of the following is a characteristic of a for-profit healthcare facility?
run by government
uses public funds
focuses on services everyone can afford
owned by private citizens
Answer:
D. owned by private citizens
Explanation:
A for-profit organization can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful services to customers. By generating more revenue than operating costs, a for-profit organization is able to make profit.
Some examples of for-profit organizations are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.
Hence, a characteristic of a for-profit healthcare facility is that it is owned by private citizens.
Unlike government agencies or organizations which are being run with public funds and at a subsidized rate (focuses on services everyone can afford), for-profit are mostly owned by private citizens, who are always after making profits from the business.
Answer:
D
Explanation:
edge
Tyreek pitches four investors. They agree to each invest $25,000 and value Tyreek's company at 200,000. How much of the company will Tyreek still own after the investment?
a) 41%
b) 45%
c) 50%
d) 56%
Answer:
50%
Explanation:
The percentage of the company which Tyreek will still own after the investment can be calculated as follows:
Value of Tyreek's company = $200,000
Total amount contributed by the four investors = $25,000 * 4 = $100,000
Let P represents the percentage of the company which Tyreek will still own after the investment.
Therefore, we have:
P = (Total amount contributed by the four investors / Value of Tyreek's company)
P = ($100,000 / $200,000)
P = 0.5 or 50%
Therefore, the percentage of the company which Tyreek will still own after the investment is c) 50%.
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