A company has the following adjusted trial balance:. Account Debit Credit Cash $1,100 Accounts Receivable 1,000 Inventory 1,900 Supplies 1,800 Prepaid Rent 400 Land 5,800 Building 40,500 Accumulated Depreciation—Building $8,900 Accounts Payable 7,800 Unearned Revenue 4,000 Notes Payable, due 2020 2,400 Common Stock 6,600 Retained Earnings 3,200 Dividends 900 Service Revenue 32,200 Rent Expense 1,500 Supplies Expense 1,200 Salaries Expense 6,100 Depreciation Expense—Building 1,000 Utilities Expense 1,900 Totals $65,100 $65,100 Which closing entry is needed?

The typical consumer's food basket in the base year 2015 is as follows: 30 chickens at $4 each 10 hams at $5 each 10 steaks at $8 each a chicken feed shortage causes the price of chickens to rise to $5.00 each in the year 2016. hams rise to $7.00 each, and the price of steaks is unchanged. a. calculate the change in the "cost-of-eating" index between 2015 and 2016. year cost of the basket 2015 $ 2016 $ instructions: enter your responses rounded to one decimal place. the official cost-of-eating index has by %. b. suppose that consumers are completely indifferent between two chickens and one ham. for this example, how large is the substitution bias in the official "cost-of-eating" index? the in the cost-of-eating index is %. the of inflation in the cost of eating reflects substitution bias.

Employers hiring for entry-level positions in hospitality and tourism expect workers to

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security