Rules of debit and credit in accounting
Explain the rules of debit and credit in accounting. Give an example from a business transaction. Provide references, if applicable.
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Using IS-LM model, analyze the effects of each of the fiscal and monetary policies above on interest rate and output. For each response, draw a graph and write a brief explanation.
While a U.S. investor is holding a foreign stock denominated in a foreign currency, will that investor have a higher return if the U.S. dollar (A) appreciates versus the foreign currency, or (B) depreciates versus the foreign currency? Pick A or B
Jerome, a doctor, earns $300,000 from his medical practice in the current year. He receives $45,000 in dividends and interest during the year as well as $70,000 of income from a passive activity. In addition, he incurs a loss of $80,000 from an in
Belyk Paving Co. paid out $400,000 in cash dividends. Assume that no new investments were made in net fixed assets or net working capital, and no new stock was issued during the year. Calculate the firm's new long-term debt added during the year.
Using diagram, demonstrate that the extent to which the increase in government spending can affect the output/income and the interest rate depends on the responsiveness of demand for money to income.
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Peter is considering making a $20,000 investment in a venture which its promoter promises will generate immediate tax benefits for him. Peter, who does not anticipate itemizing his deductions, is in the 25% marginal tax bracket. If the investment
Island corporation has the following income and expense items for the year: Gross receipts from sales $60,000; dividends received from 15%-owned domestic corporation $40,000; expenses connected with sales $30,000. The taxable income of Island Corp
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