Answer:
1) October 1 2015, Cash $39.2million Dr
Notes Payable $39.2million Cr
2) December 31, 2015 Interest expense $0.784million Dr
Interest Payable $0.784million Cr
3) September 30, 2016 Notes Payable $39.2million Dr
Interest Payable $0.784million Dr
Interest Expense $2.352million Dr
Cash $42.336million Cr
Explanation:
1.
When note is issued, liability is credit by the notes value and cash is credited.
2.
The adjusting entry is prepared 3 months after the note is issued so the 3 month's interest on note relates to 2015 and it should be recorded as expense and as it is payable at maturity so interest payable is credited.
3 month interest = 39.2 * 0.08 * 3/12 = 0.784million
3.
The note and interest will be payable that was accrued along with the remaining 9 months interest. Total interest is 39.2 * 0.08 = 3.136million
Answer:
c. Expenditure for unemployment compensation increasing as economic growth slows
Explanation:
Automated Fiscal Policy is the name given to government actions designed to adjust its spending levels, thus monitoring and influencing a country's economy. In the various economics manuals, fiscal policy is closely linked to monetary policy, and it can be stated, in quite simplistic terms, that the two economic policies are like sisters, since both seek to influence one aspect of the economy: monetary policy will change the currency behavior, and fiscal policy will operate against state spending. Every government will invariably use both policies in various combinations and ranks in an effort to guide a country's economic goals.
Within the options given in the question, an example of an automatic tax policy is "C. expenditure for unemployment compensation increasing as economic growth slows. "
Answer:
The registered representative should accept the client's sell order, but must mark the order ticket as a long term. The representative can accept the order because it is reasonable that the client will be able to deliver the shares by the time of the settlement. If the representative marked the order ticket as a short sale, it is probable that the client will not be able to deliver the shares on time.
Explanation:
Answer:
$28,000 and $12,000, respectively
Explanation:
Marginal cost = incremental cost from Plan C to Plan D
= total cost (plan D) - total cost (plan C)
= 72,000 - 44,000 = $28,000
Marginal benefit = incremental benefit from Plan C to Plan D
= total benefit (plan D) - total benefit (plan C)
= 64,000 - 52,000 = $12,000
Therefore marginal cost and benefits for Plan D = $28,000 and $12,000, respectively
Monetary transmission mechanism works over the effects of changes in the money supply on Investment. In an economic sense, an investment is a purchase of equipment that is not expended today but is used in the future to create wealth.
