In: Economics
According to the Fisher model, what are the key determinants of the real rate of interest?
Suppose that the average rate of time preference among economic units increases (i.e. increased preference for current consumption). Use the Fisher model to illustrate how this change would affect the interest rate and the amount of investment in a closed economy. What would happen to current vs. future production (and consumption)?
In: Economics
In construction and accordance with OSHA,
1. Cement blocks (CMU) can be used to level a scaffold frame as long as the block is placed on its side with a scaffold base plate placed firmly on it.
2. For trench and excavation safety, shoring supports should be removed from the bottom up.
3. For trench and excavation safety, closed sheeting must be used in saturated or submerged soil.
In: Civil Engineering
Type or paste que
One mole of an ideal gas CP=7R2 in a closed piston/cylinder arrangement is compressed from Ti=200 K , Pi=0.5 MPa to Pf=5 MPa by following paths:.
Calculate ΔU, ΔH, Q and WEC for both paths.
NOTE: Keep the answers in terms of ‘R’.
stion here
In: Other
A steam boiler of volume 2.3 m3 initially contained 1.7 m3
liquid water in equilibrium with
0.6 m3 of vapour at 100 kPa. The boiler is heated keeping the inlet
and discharge valves closed.
The relief valve is set to lift when the pressure in the boiler
reaches
5500 kPa. Determine the amount of heat supplied to the contents in
the boiler before the relief
valve lifts.
In: Other
Leach Inc. experienced the following events for the first two
years of its operations:
Year 1:
Year 2:
b. Prepare the income statement, statement of
changes in stockholders’ equity, and balance sheet for Year 1.
(Balance Sheet only: Items to be deducted must be indicated
with a minus sign.)
In: Accounting
Leach Inc. experienced the following events for the first two
years of its operations:
Year 1:
Year 2:
Required:
a. Record the Year 1 events in general journal
form and post them to T-accounts. (If no entry is required
for a transaction/event, select "No journal entry required" in the
first account field.)
In: Accounting
Closing entries are dated in the journal as of:
a. the date they are actually journalized, although they are generally prepared after the end of the accounting period
b. the last day of the accounting period, although they are actually journalized after the end of the accounting period
c. the first day of the accounting period, although they are actually journalized after the end of the accounting period
d. the first day of the subsequent accounting period
Which of the following accounts should be closed to Income Summary at the end of the fiscal year?
a. Supplies Expense
b. Accumulated Depreciation
c. Prepaid Insurance
d. Unearned Rent
Which of the following accounts will not be closed to Income Summary at the end of the fiscal year?
a. Salaries Expense
b. Fees Earned
c. Unearned Rent
d. Depreciation Expense
A fiscal year:
a. ordinarily begins on the first day of a month and ends on the last day of the following twelfth month
b. for a business is determined by the federal government
c. always begins on January 1 and ends on December 31 of the same year
d. should end at the height of the business's annual operating cycle
In: Accounting
Closing entries are dated in the journal as of:
a. the date they are actually journalized, although they are generally prepared after the end of the accounting period
b. the last day of the accounting period, although they are actually journalized after the end of the accounting period
c. the first day of the accounting period, although they are actually journalized after the end of the accounting period
d. the first day of the subsequent accounting period
Which of the following accounts should be closed to Income Summary at the end of the fiscal year?
a. Supplies Expense
b. Accumulated Depreciation
c. Prepaid Insurance
d. Unearned Rent
Which of the following accounts will not be closed to Income Summary at the end of the fiscal year?
a. Salaries Expense
b. Fees Earned
c. Unearned Rent
d. Depreciation Expense
A fiscal year:
a. ordinarily begins on the first day of a month and ends on the last day of the following twelfth month
b. for a business is determined by the federal government
c. always begins on January 1 and ends on December 31 of the same year
d. should end at the height of the business's annual operating cycle
In: Accounting
During Year 1 and Year 2, Agatha Corp. completed the following
transactions relating to its bond issue. The corporation’s fiscal
year is the calendar year.
Year 1
| Jan. | 1 | Issued $330,000 of 8-year, 8 percent bonds for $324,000. The annual cash payment for interest is due on December 31. | ||
| Dec. | 31 | Recognized interest expense, including the straight-line amortization of the discount, and made the cash payment for interest. | ||
| Dec. | 31 | Closed the interest expense account. |
Year 2
| Dec. | 31 | Recognized interest expense, including the straight-line amortization of the discount, and made the cash payment for interest. | ||
| Dec. | 31 |
Closed the interest expense account. a) Prepare the general journal entries for the above transactions. b) Prepare the liabilities section of the balance sheet at December 31, Year 1 and Year 2. c) Determine the amount of interest expense that will be reported on the income statements for Year 1 and Year 2. d) Determine the amount of interest that will be paid in cash to the bondholders in Year 1 and Year 2. |
In: Accounting