If the Incremental Capital Output Ratio Is 3 and the Ratio

question 4

Multiple Choice

If the incremental capital output ratio is 3 and the ratio of saving to national income is 9%,according to the Harrod-Domar model the growth rate of income is

• A)zero.
• B)3%.
• C)6%.
• D)12%.

Calculate and record depreciation as an adjusting entry.

Journalize adjustments for supplies and insurance policies.

Understand the purpose and process of recording adjusting entries in the accounting cycle.

Identify and prepare journal entries for various types of adjusting entries including prepayments, accruals, and depreciation.

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Definitions:

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