Accounting question.?
Debit: Land (long term asset) for 90,000 Credit: Cash (short term asset) for 10,000 Credit: Note Payable - Land (long term liability) for 80,000 You are adding the entire asset to your books therefore you are increasing the "Land" asset account by debiting it for $90,000 (the full value of the land). You are decreasing cash by crediting it for the amount paid in cash which is $10,000. And finally you are increasing a liability (Note Payable - Land) by crediting $80,000 which is the amount you owe. As the amount owed is paid (possibly periodically) you will be posting the following transaction: Assume the payment is $10,000 each month: Debit: Note Payable - Land for $10,000 Credit: Cash for $10,000 You post these entries each month (8 months in total) until the liability is completely cleared out of the books. I am an accountant. This is a very basic transaction. 100% positive this is corret.... 99.99% postive this is what your teacher wants. You know teacher even they don't know what they want sometimes. Hope I could be of your help! :)
State a brief history of British constitution?
The following takes place between 8:30 a.m. and 5:00 p.m. Tues., Feb. 4th 1704. 8:30 a.m - Put on wig 9:00 a.m. - Argue about constitution 10:00 a.m. - have tea 10:30 a.m. - argue about tea 10:45 a.m. - cricket break 12:00 p.m. - sign constitution 1:00 p.m. - amendment so no one can get free dental care 2:00 p.m. - decide if red military uniforms are "right sporting" 2:30 p.m. - naptime 4:00 p.m. - ask queen for recess 5:00 p.m. - prepare to lose to the U.S.
Explain why in some circumstances it may not be desirable to enact policy measures to reduce unemployment?
This gets into the idea of natural or frictional unemployment. The theory is that if unemployment falls below this level, then it will cause inflation. Unfortunately it is impossible to know what the natural rate is until after the fact. So, if it is thought that we are near or at the natural rate of employment, policy measures that try to reduce unemployment would be considered inflationary and therefore undesirable.