Answer:
TRUE
Explanation:
Adam Smith 'Laissez Faire' Theory implies : Markets as free mechanisms are best, they are guided by self interest which tends to bring best socio economic welfare by increasing wealth. The market 'Invisible Hand' acts as an automatic stabiliser to any economic discrepancy & any government intervention is unnecessarily distortionary.
Answer: The correct answer is e) $32.
Explanation:
Petty cash fund. $300
Office supplies. (80)
Merchandise inventory. (160)
Miscellaneous expenses. (20)
Cash shortage. (8)
Balance in petty cash. $32
In terms of accounting entries,
Debit Office supplies. $80
Debit Merchandise inventory. $160
Debit Miscellaneous expenses. $20
Debit Cash shortage. $8
Credit Petty cash refund. $268
In the above entries, $268 would be refunded to petty cash fund to reinstate it to $300.
In passive sentences , the subject receives the action verb . The most commonly used verb tenses for this form are present continuous and past continuous. For now let’s keep going with the present continuous
Answer:
The answer is: Earnest money deposit (EMD)
Explanation:
An EMD or a good faith deposit is done in a real estate operation. Usually when the buyer doesn´t have all the money to buy the property they make a EMD when signing a sales contract. The EMD gives the buyer some time to get a loan, conduct the title search, a property appraisal and all the inspections necessary before closing the deal. The buyer gets his money back in case something goes wrong with the sell that isn´t his responsibility, i.e. the house has severe damage that was unnoticed until a further inspection was made. But when the sell isn´t carried out due to issues with the buyer, i.e. he couldn´t get his loan approved in time, then the buyer gets to keep the EMD. The contingencies must be stipulated in the contract, ether in favor of the buyer or the seller to establish in which cases a party can claim the EMD.
Answer:
Price would increase, quantity would decrease.
Explanation:
Externalities are extra benefits or harm to other un-involved parties, without any monetary exchange for the same. Extra beneficial are positive externalities (eg - education) , extra harmful effects are negative externalities (eg pollution).
Positive Externalities have extra social benefit apart from private benefit, Negative Externalities have extra social cost apart from private cost.
Private Markets work on private benefit & cost equalisation (ignoring extra social costs/ benefits). Involving extra social cost in the negative externalities accomodates the extra social harmful effect from that commodity, increases its price & decreases its quantity. This caters to discouraging its consumption, owing to the harmful effects. Eg Alcohol.
Similarly in case of positive externality : it would include extra social benefit (beneficial impacts), reduce price & increase quantity - to encourage the positive externality good consumption
