Answer:
The amount of bad debts expense is $16,000
Explanation:
Bad debt : The Bad debt is that amount in which the chances of payment receive is very less. Thus, the bad debt amount is deducted in the balance sheet under debtors account and also it is shown in Profit and loss Account in debit side.
Under direct write minus off method for bad debts, the bad debt amount is recognized irrespective of whatever information is given.
Since in the question, the non-collectible amount is given which is $16,000.
So, the amount of bad debts expense is $16,000
The reason why consumers leave without being served because the consumers must have felt mad or upset about the service being served to them-- causing them to leave their orders or to even wait for their time for their turn of having to get their menu taken.
Given the consumption equation of c= 200 + 0.85yd, and the disposable income of $400, then, then we would get the consumption by substituting the given to the equation:c= 200 + 0.85ydc= 200 + 0.85(400)c= 200 + 340c= 540Therefore, the consumption is $540.
Answer:
B
Explanation:
Real GDP measure total economic output by an economy in a specific geographical boundary regardless of ownership of factors of production, within a year, ceteris paribus.
Real GDP is a good indicator but is not a perfect indicator as underground economy (private tuition whereby taxes and consumption of goods and services) are not accounted for.
Real GDP does not measure Non-Material standard of living like leisure hours, health and life expectancy... It needs other indicators.
Both B and D is a bit effy as:
For D, GDP does not even measure such Non-Material SOL
For B, GDP is not 100 percent accurate on measuring household production (local production? I believe there is no such phrasing as household production as by economics, household is involved in household spending, Contributing to Consumption expenditure in Aggregate Demand.) as there are other factors like presence of underground economy that is not accounted for.
However, B seems like the most accurate ans as it still measures national output.
Answer: b) peoples' responses to financial incentives.
Explanation:
Burrell would be wrong because the most leakage in federal assistance programs comes from the way people respond to financial incentives.
Some people who have received this assistance from the Federal government have decided that it would be better to keep receiving this assistance instead of working to actually get paid.
This has led to more people seeking assistance thereby increasing the number of people needing assistance and invariably increasing the cost of these federal assistance programs.
