Answer:
B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.
Explanation:
Economic system -
It is the system that is responsible for the resource allocation , production and the distribution of the services and goods , is known as an Economic system .
Economic system includes - the institutions of decision-making , agencies .
It works to deal with the problem related to the economy of a country or society .
Hence , the correct option is ( b ) .
The answer to your question is:
- A. Yes, because IRAs have tax advantages over regular bank accounts.
Answer:
c. debit to Interest Expense of $1,000.
Explanation:
The adjusting entry is as follows:
Interest expense Dr ($50,000 × 6% × 4 months ÷ 12 months) $1,000
To Interest payable $1,000
(Being the interest expense is recorded)
Here interest expense is debited as it increased the expense and credited the interest payable as it also increased the liabilities
Therefore the correct option is c.
Answer:
c. $6,076
Explanation:
Calculation for what Alison should record the purchase
Purchase=$6,200 ×(100%-2%)
Purchase=$6,200 ×98%
Purchase=$6,076
Therefore if Alison uses the net method to record purchases she should record the purchase at:$6,076
