Answer:
C. Sharp rise in price of goods in the United States led to an increase in imports.
Explanation:
The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).
Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.
Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.
In conclusion, the Great Depression of 1928 affect people from almost all parts of the world because sharp rise in price of goods in the United States led to an increase in imports.
Answer:
A. Debit Cash $1,000 and Debit Accounts Receivable $5,000 and Credit Fees Income $6,000
Explanation:
When revenue is earned and cash is paid, debit cash and credit revenue. However, when revenue is earned and cash is yet to be paid, debit accounts receivable and credit revenue.
Hence, given that Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amount.
Entries required are
Debit Cash $1,000
Debit Accounts Receivable $5,000
Credit Fees Income $6,000
Initiative, adaptability, positive attitude, critical thinking, communication skills
Answer:
the difference between the contract price of coffee and what Lori will have to pay to secure alternative coffee
Explanation:
Lori wanted to buy coffee beans for that she paid the contract price of $7.50 per pounds to mike. Mike has breached the contract which is why Lori has lost $7.50. Now to buy coffee beans she will contact some other supplier and pay them to secure alternative coffee. So, in total Lori's damages are the contract price of coffee and what she will pay some other vendor to secure coffee beans.
The correct answer is A) Have more debt than they can pay because there are laws, generally by the state, that limit when people can file for bankruptcy. You are not allowed to file for bankruptcy unless you are unable to afford your debts. Choices B, C, and D, along with being illegal, are also unethical, especially in terms of business.
