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Can someone explain how an increase in government spending in Japan affects Japanese national savings. And if the level of current output in Japan remains fixed at its long term steady-state level...

The Economist estimates that Hong Kong will have a budget surplus equal
To 2.1% of GDP in 2013 (i.e. (G-T will be 2.1% of GDP). The Economist also
Estimate that Hong Kong will have a current...

Over the past year, real GDP in Japan grew by 0.4%, while prices in Japan fell by approximately 0.7% (The Economist, 6-22-13).
These measures imply that the total Yen value of all goods and services...

A linear programming spreadsheet model, in which the objective function (target cell) is maximized contains, among other constraints, a constraint of the form: E4>=E5, where cell E5 contains a...

Ahhh, my apologies I never saw the just for fun question. That's interesting and I get it thanks for the extra lesson! :)

Great, thanks Arcsine. By any chance could you help me with my other posts from today to which people haven't replied? I'd be so grateful!

Ok, so because the numerator in the current ratio is decreased that would make the current ratio decrease as well. And then by increasing the denom of the debt/equity ration you are also decreasing...

Ok, I get the answer now. It's B: $45k. Out of curiosity though where are you getting that 36 number from?

Thank you!

Thanks Pready

He would need to sell $5,000 in order to end the year at $36,000. So my answer would be C: $5,000. Correct?

Thanks for the positive feedback ArcSine!

Ahhh so would I be correct in choosing option A? I would do so to account for the debit in advances from customers (liability) correct?

***thank you for your reply. Am I correct in choosing answer C: retained earnings!

June Smith, a process engineer, has sold her 15-year patent for a new etching process to Silica
Labs, Inc. In return, she has received $500,000 in cash and, based on its value on the sale
date,...

I'm sorry I was referring to the first question. Am I correct to have chosen B as my answer. Must debit the patent account $700k, credit cash 500k and credit common stock 200k? Thanks for the help!

Weldon Engineering owes one of its creditors $20,000. To settle the debt, Weldon pays
$5,000 cash and also issues common stock valued at $15,000 to the creditor.
How would this repayment of the...

Jackie's Crafts is a successful retailer of fabric by the yard and other sewing supplies. If Jackie were to shut down the store, the bolts of fabrics and the bins of lace and trim, inventory valued...

The next 4 questions are based on Panjim Trading company's cash T-Account

CASH T
Debit Side Credit Side
-Balance 1/1 225,000 ...

On January 1, 2005, Jon Sports has a bond payable of $200,000. During 2005, it pays off
$20,000 of the outstanding bond principal and issues a new $70,000 bond. There are no
Other transactions...

Carlita Company Income Statement for Year Ending Dec 31 2004

Sales... 120,000
Less:COGS... 90,000
GrossMargin... 30,000
Less:OpExpense... 10,000
OpIncome... 20,000
Less:InterestExp... 2,000...

Quentin's Balance Sheet
Assets
Current Assets
Cash 42,000
Inventory 36,000
Prepaid Expense 12,000
Total Current Assets 90,000
Non Current Assets
Plant and Equip (net) 56,000
Patents (net)...

Quentin's Balance Sheet
Assets
Current Assets
Cash 42,000
Inventory 36,000
Prepaid Expense 12,000
Total...

Turnadot & Sons is a small wholesaler of decorative cast iron objects. The following events,
related to a special customer order, occur as described below:
 August 5, 2005: Turnadot receives the...

June Smith, a process engineer, has sold her 15-year patent for a new etching process to Silica
Labs, Inc. In return, she has received $500,000 in cash and, based on its value on the sale
date,...

Which one of the following is an item of owners' equity?
A. Bank loan
B. Prepaid expenses
C. Earnings generated by the entity
D. Suppliers' monetary claims

Consider the same scenario as in the previous question:
June Smith, a process engineer, has sold her 15-year patent for a new etching process to Silica
Labs, Inc. In return, she has received...

June Smith, a process engineer, has sold her 15-year patent for a new etching process to Silica
Labs, Inc. In return, she has received $500,000 in cash and, based on its value on the sale
date,...