Answer:
D. Accounts ReceivableStanton, debit $20,000; Sales, credit $20,000, and Delivery Expense, debit $500; Cash, credit $500
Explanation:
The Sale transaction must be ;
Trade Receivable - Stanton Company $20,000 (debit)
Revenue $20,000 (credit)
<em>Recognise the Revenue and Asset - Stanton Company</em>
Shipping Cost $500 (debit)
Bank $500 (credit)
<em>Recognise the shipping cost and de-recognise the cash asset</em>
D. Appointments to the Supreme Court must be apptoved in the Senate.
not sure though
Assuming an upward-sloping as curve, if consumption spending falls while all other levels of expenditure stay the same in an economy that is at full employment, a GDP gap will be visible.
Retail store managers will take activities that result in greater Unemployment when undesirable inventories build up.
<h3>What is GDP?</h3>
- Gross domestic product (GDP) is a monetary indicator of the total market worth of all the finished products that nations create over a certain time period.
- This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
- Consumption, investment, government spending, exports, and imports make up the components of the GDP when it is calculated using the expenditures method.
- Gross fixed capital formation, changes in inventories, changes in consumption expenditure (by households, NPISHs, and general government),
- And exports of goods and services are all included in the calculation of gross domestic product (GDP), which is then subtracted from imports of goods and services.
Learn more about GDP here:
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Answer: 16%
Explanation:
Interest rate on long term treasury securities is calculated below using following formula:
Interest rate = Real risk-free rate + inflation premium + default risk premium + liquidity premium + maturity risk premium
= 3% + 8% + 2% + 2% + 1%
= 16%
Interest rate on long term treasury securities is 16%.
Answer:
Accounting history dates back to ancient civilizations in Mesopotamia, Egypt, and Babylon. For example, during the Roman Empire the government had detailed records of their finances. However, modern accounting as a profession has only been around since the early 19th century. The earliest accounting records were found over 7,000 years ago among the ruins of Ancient Mesopotamia. At the time, people relied on accounting to keep a record of crop and herd growth.
Explanation: