The partial worksheet for the Jamison Company showed the following data on October 31, 2019. INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Jason Jamison, Capital 32,500 Jason Jamison, Drawing 2,750 Fees Income 22,500 Salaries Expense 11,400 Rent Expense 1,250 Supplies Expense 650 Utilities Expense 750 Depr. Exp. −Equip. 1,100 Totals 15,150 22,500 44,150 36,800 Net Income 7,350 7,350 22,500 22,500 44,150 44,150 Prepare the closing entries for Jamison Company on October 31, 2019

Why has the free enterprise system been modified to include some government intervention?

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.