Answer and Explanation:
The effect of the given transaction is shown in the attachment below. Please find the attachment
As we know that
Accounting equation is
Total assets = Total liabilities + total stockholder equity
So,
1. In the first transaction there is an increased in assets by $29,000 and decreased the assets by $29,000 plus the same is to be recorded in the operating section of the cash flow statement
2. In the second transaction, there is decreased in asset for $49,020 also the retained earning is also decreased by same amount plus there is a bad debt expense also
Answer:
1. When China decides to reduce its capital investment in the US, US's capital inflows, which are a source of loanable funds in the US, take a hit. This leads to a reduction in supply of loanable funds in the US, shifting the supply curve leftward.
2. When a ban is imposed on fast food restaurants, the amount loanable funds demanded by the fast food industry reduces, leading to a leftward shift m the demand curve of loanable funds.
3. When fast food restaurants are allowed to open franchised locations, the amount loanable funds demanded by the fast food industry increases, leading to a rightward shift m the demand curve of loanable funds.
4. When the US government reduces its deficit, it reduces its borrowings. A reduction in borrowing by the US government leads to a reduction in the demand for loanable funds, and therefore shifts the demand curve fur loanable funds leftward.
5. When individual start to spend more owing to the wealth effect, savings reduce, leading to a fall in the supply of loanable funds. Due to this, there occurs a leftward shift in the supply calve for loanable funds.
Answer:
No, she did not
Explanation:
In this question, we are asked to answer if Mae stayed within her budget, given her budget and the total amount she later spent.
To solve this problem, what we need to do is to add up all what she budgeted. Afterwards we add up all she spent. Then , we see the difference between the two to actually know if she stayed within her budget of not.
We proceed as follows:;
Let’s calculate budgeted amount: This is ; 180 + 475 + 15 + 50 + 65 + 25 + 150 + 30 = $990
Now, let’s calculate how much she later spent; That would be; 182 + 475 + 12 + 65 + 68 + 12.5 + 36 + 150 = $1000.5
We can see that she spent more that the amount she had budgeted. This means she didn’t stay within the total amount allocated for her budget
Answer:
rate of return will be 8% and 8%
Explanation:
given data
municipal bond = 8%
corporate bond = 10 %
marginal tax = 20 %
solution
we know that here
Municipal bond no taxes are levied
hence after tax rate of return will be 8%
and
Corporate bond
after tax rate of return will be
rate of return = 10% × ( 1 - 0.20 )
rate of return = 8 %
Answer:
The optimal order will be of 100 units
Explanation:
We will solve this using the EOQ (economic order quantity) formula:
D = annual demand 500 units
S= setup cost = ordering cost = 50.00 dollars
H= Holding Cost = 5.00 dollars
EOQ = 100
