Answer:
Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people
hope this helps
Explanation:
Answer:
d) Debit Expenses $50,000 and Claims payable $100,000; Credit Cash $150,000.
Explanation:
As for the information provided,
There was this law suit against the company from past several years. Where the lawyers already estimated that liability on the company will arise amounting $100,000.
Thus, on the provisional basis such claims of $100,000 would have been provided ideally.
Now, after final judgement the court had cleared about the claim which is $150,000.
Thus, entry to record such claim of $150,000 will be:
Expenses A/c Dr. $50,000
Claims Payable A/c Dr. $100,000
To Cash A/c $150,000
Answer:
= All
Explanation:
= U.S. exports increase, shifting U.S. aggregate demand to the right
= U.S. exports increase, shifting U.S. aggregate demand to the right
Answer:
Sixteenth (16th)
Explanation:
The sixteenth amendment in the United States Constitution provides the right to Congress whereby, it can levy the taxes in the form of income tax on the amount of income, without segregating it in any manner, that is in no manner it is apportioned in relation to any number or weightage of the population concerned of the state.
This amendment thereby provides for straight tax as discussed in the example.
