Preparing Entries Across Two Periods Hatcher Company closes its accounts on December 31 each year. On December 31, 2018, Hatcher accrued $600 of interest income that was earned on an investment but not yet received or recorded (the investment will pay interest of $900 cash on January 31, 2019). On January 31, 2019, the company received the $900 cash as interest on the investment. Prepare journal entries to: a. Accrue the interest earned on December 31, 2018; b. Close the Interest Income account on December 31, 2018 (the account has a year-end balance of $2,400 after adjustments); and c. Record the cash receipt of interest on January 31, 2019.
Answer and Explanation:
The journal entries are shown below
On Dec. 31, 2018
Interest receivable $600
To Interest income $600
(Being accrued interest earned is recorded)
On Dec. 31, 2018
Interest income $2,400
To Retained earnings $2,400
(Being the closing of interest income is recorded)
On Jan. 31, 2019
Cash $900
To Interest receivable $600
To Interest income $300
(Being cash receipt of interest is recorded)
The new boss gave workers better family leave, vacation, and sick leave policies. She is probably:
A. task-oriented.
B. narcissistic.
C. toxic.
D. relationship-oriented.
Answer:
Relation Oriented? its not A, B, or C...
Explanation:
Answer:
D. Relationship Oriented!
Explanation:
I just took the test!
Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions: Round your answers to one decimal placea. What would be the percentage change in nominal GDP? b. What would be the percentage change in real GDP?Suppose the prices of both apples and bread double between year 1 and year 2 and quantities remain unchanged. Instructions: Round your answers to one decimal place a) What would be the percentage change in nominal GDP?% b) What would be the percentage change in real GDP?
Answer:
1. Suppose Quantity of Apple sold in year one & two = 100Kg.
Price in year 1 = $1.50 per kg
Price in year 2 = $3.00 per kg
Nominal GDP 1 = Price * Quantity = 1.50*100 = $150
Nominal GDP year 2 = 3*100 = $300
Change in Nominal GDP = $150
Percentage change in Nominal GDP = 100%
b. Real GDP of year 1 = Nominal GDP of year 1 = $150
Real GDP of year 2 = 1.50*100 = $150
Change in Real GDP = 0%
2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units
a. Nominal GDP year 1 = 1*100+1.5*100 = $250
Nominal GDP year 2 = 2*100+3*100 = $500
Percentage change in Nominal GDP = 500-250/500 * 100 = 100%
b. Real GDP year 1 = $250
Real GDP year 2 = 1*100 + 1.5*100 = $250
Percentage change in Real GDP = 0%
The percentage change in nominal GDP is 100% and the Change in Real GDP is 0%.
Percentage change in nominal GDP1. Price in year 1
Price in year 1= $1.50 per kg
Price in year 2 = $3.00 per kg
Nominal GDP 1 = Price ×Quantity
Nominal GDP 1 = 1.50×100
Nominal GDP 1 = $150
Nominal GDP year 2 = 3×100
Nominal GDP year 2 = $300
Change in Nominal GDP = $150
Percentage change in Nominal GDP = 100%
b. Real GDP of year 1
Real GDP of year 2 = 1.50×100
Real GDP of year 2 = $150
Change in Real GDP = 0%
2a. Nominal GDP year 1
Nominal GDP year 1 = 1×100+1.5×100
Nominal GDP year 1 = $250
Nominal GDP year 2 = 2×100+3×100
Nominal GDP year 2= $500
Percentage change in Nominal GDP = 500-250/500 ×100
Percentage change in Nominal GDP = 100%
b. Real GDP year 1
Real GDP year 2 = 1×100 + 1.5×100
Real GDP year 2= $250
Percentage change in Real GDP = 0%
Inconclusion the percentage change in nominal GDP is 100%.
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Which is NOT an indicator of a country's economic health?
A. GDP
B. standard of living
C. environmental awareness
D. inflation
Answer:
d
Explanation:
Describe the population distribution in Guyana
Which of the following factors would make the demand for a good elastic?
The good is a necessity.
The consumer does not have much time to shop for alternatives.
The good has many substitutes.
The good is only produced by one company, a monopoly.
Answer:
The god has manmyuuuu substitustes
Explanation:
What is the primary purpose of incident investigation?
A. To determine the direct and root causes of the incident
B. To disturb physical evidence
C. To find fault
D.To satisfy the insurance company
Which change is illustrated by the shift taking place on this graph?
an increase in supply
a decrease in supply
an increase in demand
a decrease in demand
The change illustrated by the shift of the curve in the graph is a decrease in supply.
What is the supply curve?The supply curve is curve that shows the relationship between price and quantity supplied. The supply curve is positively sloped. As price increases, quantity supplied increases.
What is a decrease in supply?When there is a shift to the left, it means there is a decrease in supply. The factors that can lead to a decline in supply are:
decrease in the number of suppliersincrease in the price of inputsTo learn more about the change in supply, please check: https://brainly.com/question/15835771
Answer:
b
Explanation:
a decrease in supply
Identify the change in the parent function that will produce the related function shown as a dash line. f(x)= √ x
Answer:
[tex]g(x) = 2 + \sqrt x[/tex]
Translate the parent function, 2 units upward
Step-by-step explanation:
Given
[tex]f(x) = \sqrt x[/tex]
See attachment for the graph
Required
Determine the change in f(x) that gives the dashed line
Let the dash line be represented with g(x)
From the attachment, there is only one transformation from f(x) to the g(x).
When f(x) is translated 2 units vertically upwards , it gives g(x); the dash line.
If
[tex]f(x) = \sqrt x[/tex]
Then g(x) is:
[tex]g(x) = 2 + f(x)[/tex]
[tex]g(x) = 2 + \sqrt x[/tex]
what is the income flow associated with labour?
Answer:
Explanation:
Factor income is the flow of income that is derived from the factors of production ,the general inputs required to produce goods and services. Factor income on the use of land is called rent, income generated from labor is called wages, and income generated from capital is called profit.
which part of our body is affected by plogue pose?
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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list out 15 trainings conducted by FNCCI
bro r u kidding me smh
Answer: THATS SO F-U-C-K-I-N-G STUP.ID!!!!!!!!! HOW HARD IS IT FOR THEM TO GIVE YOU MORE TIME!!!!!!!!!
Explanation:
Answer:
But from the screenshot it seems like you spent alot of time on ur work, and they still give you an F and D?! That's literally messed up. ur teachers should understand :/
what are the advantages of interdependence in economics
Answer:
This affiliation allows specialist industries to thrive. And, the success can lead to job and wage/salary increases and an overall improvement to wealth and lifestyle
Abby can purchase a secondary data to report for $500 or create primary data by surveying 300 people at a cost of $1.33 person. Which is cheaper?
Answer:
The cheaper option would be Option 2.
Explanation:
Option 2 would be cheaper because you would take 300 x 1.33 and that would give you 399. 500 is greater than 399.
In a situation where Abby can purchase a secondary data to report for $500 or create primary data by surveying 300 people at a cost of $1.33 a person, the cost of primary data is cheaper than the secondary cost.
What is the significance of cost?Cost of goods or services can be referred to or considered as the cost derived by an individual in order to get access to such goods or services. The costs of different alternative can be compared to make a rational decision between two products.
From the given information, the cost of collecting and creating primary data for 300 people will be 300 × 1.33 = $400. If a rational decision is to be made, it can be concluded that primary data costs cheaper.
Therefore, the significance regarding cost of the primary data has been aforementioned.
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#SPJ6
what is economic and non economic activity in business plz help
Answer:
economic activity refers to a human activity relatedto production and vonsumpition of goods and services for economic gain.
non economic is an activity performed gladly with the aim of providing services to other without any regard to monetary again
Which of the following parts of a business plan include the cash flow projection and profit and loss projection?
___refers to an environment in which cultural, group, and individual differences are acknowledged, accepted, and viewed as significant contributors to the
entirety.
ООО
A. Xenocentrism
B. Pluralism
c. Biculturalism
D. Ethnocentrism
E. Tokenism
Answer:
A
Explanation:
so i've been researching and the closest thing is xenocentrism because it talks about engaging in another person's culture while c talks about having 2 cultures in a country and the rest is about criticizing other cultures other from their own.
A freelancer’s pay may vary from year to year.
True
False
Answer:
True, it can be the same
which of these do you do first. when planning your career? a. make a list of you job preferences and skills. b. apply for as many jobs as you can. c. have a mock interview with a family member or friend. d. sign for an internship
Answer:
a. make a list of you job preferences and skills.
What do you already know about different types of economic systems?
Explanation:
what do you Larry knok about
Explain the stages involved in the recruitment of new staff into an organisation
Answer:
1.)Recruitment Planning
(ii) Strategy Development
(iii) Searching
(iv) Screening
(v) Evaluation and Control.
Explanation:
The recruitment planning phase may involve the identifucatuonof position s which requires additional hands and the number required.
The strategic planning phase invokes coming up with the plans, form or dimension in which the recruitment process could take.
Searching : This may involve advert placement and acceptance of proposals or applications from interested applicants.
Screening : Thus step involves the vetting process of received applications in other it determine those suitable for the job.
Evaluation and Control : thus us often the final stage and may involve additional examination of screened applicants before the final recruitment and staffing.
What is the education level of a majority of the Power, Structural, and Technical Systems workers?
associate's degree or vocational school degree
bachelor's degree or apprenticeship
bachelor's degree or master's degree
master's degree or vocational school degree
Answer:
B- Bachelor's degree or apprenticeship
Explanation:
Took the test, gl! :)
Answer:
Bachelor degree
Explanation:
Dev is an enterprising youngster who wants to start a business of manufacturing men’s accessories. However, he is facing shortage of funds. Suggest to him various forms in which credit can be availed from banks.
6 Marks
Answer:
heyyyy!
Explanation:
Answer:
SSS card.............
What is an emergency fund?
Answer:
box of money.
Explanation:
it is for money so u can get the money for emergency's
What is forms of buisness??
Answer and Explanation:
Some forms of business are sole proprietorship, partnership, corporation, and s corporation.
Does anyone know when the next PS5 restock is? I'm trying to get one before the new Ratchet & Clank comes out.
Answer:
i know my mans aint come on brainly to knwo when the ps5 come out
anyways march 28
Explanation:
anyone who answers fast will get more brainly point
1. Describe what is meant by wealth?
2. What is wealth and how do you think it relates to budgeting?
3. Identify a wealthy person; a.what makes this person wealthy?
b.How did they earn their wealth?
Answer:
Wealth measures the value of all the assets of worth owned by a person, community, company, or country.
Once you see what you've got, you might be surprised to learn that it's not as much as you thought.
America's wealthy may have more in common with you than you think. If you think America's wealthy don't know what it's like for the average person, think again. Equipped them to make the most of every opportunity
Most of today's millionaires weren't born into their wealth, research shows. A study by Fidelity Investments found that 88% of millionaires are self-made millionaires
Explanation:
Suppose a closed economy. Suppose there are a farmer, a baker and the consumers residing in this economy. Flour and bread are the only things produced. The farmer produces flour that is worth $100,000. The baker buys $80,000 worth of flour to make bread and the consumers buy $20,000 worth of flour directly from the farmer. The baker bakes bread that is worth $120,000 and sells those to the consumers. The farmer hires consumers and pays $15,000 in wages; the baker pays $10,000 in wages. The government collects $5,000 of tax from the farmer, $6,000 from the baker and $3,000 from the consumers. The government also spends $14,000 to hire consumers to operate the government.
Required:
a. How much is the total spending on all final goods and services produced?
Answer:
The total spending on all final goods and services produced is equal to $154,000.
Explanation:
The total spending on all final goods and services produced can be calculated as follows:
Total spending = Amount paid by consumers to farmer for flour + Amount paid by consumers to baker for bread + Government spending on hiring consumers ...................... (1)
Where;
Amount paid by consumers to farmer for flour = $20,000
Amount paid by consumers to baker for bread = $120,000
Government spending on hiring consumers = $14,000
Substituting the values into equation (1), we have:
Total spending = $20,000 + $120,000 + $14,000 = $154,000
Therefore, the total spending on all final goods and services produced is equal to $154,000.
the year the volleyball was introduced
Answer:
The Year was 1895
Hope that helps!