initially, an economy has a maximum real gdp of $5 trillion. 1.) using the line drawing tool, draw the long-run aggregate supply curve. label it lras1. 2.) then suppose that increases in labor productivity increase the productive capacity of the economy. using the line drawing tool, draw the new long-run aggregate supply curve. label it lras2. carefully follow the instructions above, and only draw the required objects.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.