Answer:
(a) Belief that a company will remain in operation for the foreseeable future.
Accounting assumption or principle: Going concern assumption
(b) Indicates that personal and business record-keeping should be separately maintained.
Accounting assumption or principle: Economic entity assumption
(c) Only those items that can be expressed in money are included in the accounting records.
Accounting assumption or principle: Monetary unit assumption
(d) Separates financial information into time periods for reporting purposes.
Accounting assumption or principle: Periodicity assumption
(e) Measurement basis used when a reliable estimate of fair value is not available.
Accounting assumption or principle: Historical cost principle
(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.
Accounting assumption or principle: Full disclosure principle
The answer & explanation for this question is given in the attachment below.
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
Answer:
(a)
z = UN
Let the Matrix of players 1 = dictator
X Y Z
9 ² 9 ² 4 ⁵
9 ² 4 ⁵ 9 ²
4 ⁵ 9 ² 9 ²
Above is the normal form of game in matrix form with player 1 = dictator strategy.
Now, the matrix of players inspectors
XY 9 ² 9 ² 4 ⁵
XZ 9 ² 4 ⁵ 9 ²
YZ 4 ⁵ 9 ² 9 ²
The above strategy is player 2 = UN inspectors strategy.
(b)
Mixed strategy N ash equilibrium
Therefore,
The matrix of player 1 = dictator hiding strategy :
X = 9,2 9,2 4,5
Y = 9,2 4,5 9,2
Z = 4,5 4,5 9,2
The matrix of player 2 = inspector secret strategy
XY = 9,2 9,2 4,5
XZ = 9,2 4,5 4,5
YZ = 4,5 9,2 9,2
(c)
The probability that the weapon is found
=> Seeing the table above, we will calculate 6 of 9 times of inspector calculating weapon.
=> The probability that the weapon is found is
= 6 / 9
= 2 / 3
= 0.67
Explanation:
Answer:
C. discouraging businesses from borrowing money from banks.
Explanation:
The discount rate is the interest rate imposed on commercial banks when they borrow from the Federal Reserve ( the Fed). The banks borrow from the Fed to meet their short-term cash flow requirements. The discount rate is usually higher than the inter-banks rate (the Fed funds rate). An increase in the discount rate automatically pushes the inter-bank rate higher.
The interest rate that commercial banks charge their customer for loans is pegged on the Fed funds rate, which is also the inter-bank rate. An increase in the discount rate will translate to a rise in the bank's interest rates for loans. Businesses and household will reduce their appetite for credit when interest rates go up. A high discount rate is a deterrent to borrowing from the banks.
