The economic system in the USA is rooted in the Laissez-Faire
capitalism of Adam Smith. However, the real-world setting in the US is not as Laissez-Faire
as Smith would have liked because the government greatly participates as more
than umpire and rule maker. The government take part in American Business by
way of resource or product markets, interest, and especially taxes which
results in making the American business progressed into a mixed economy,
showing both elements of capitalism and socialism.
Other factors such as <span>foreign
competition, the Great Depression, World Wars I and II, and the increasing age
of population have also contributed to the mixed economic system.</span>
Answer:
Credit life Insurance
Explanation:
The scenario describes Credit life insurance
This is a form of insurance policy that that is designed to pay off the balance on a policy holder's outstanding loan in case of death. It is designed for the protection of lender and heirs who are co signers from loss in case of the death of the borrower.
The insurance is liable to the balance on the loan as at the time of the death of the borrower.
Answer:
$89,000
Explanation:
Given that,
Net Income = $71,000
Depreciation = $5,000
Increase in Current Liabilities = $9,000
Decrease in Current Assets = $4,000
Net Cash from Operating Activities:
= Net Income + Depreciation + Increase in Current Liabilities + Decrease in Current Assets
= $71,000 + $5,000 + $9,000 + $4,000
= $89,000
Therefore, the Leather Shops cash provided by operating activities (indirect method) is $89,000.
The aspect of the SMART goal that is missing is that of TARGET DATE.
SMART goals refers to goals that are Specific, Measurable, Attainable, Result oriented and Time bound. The aspect of the time bound was not included in the scenario given in the question.
Answer:
C) Atlanta Company
Explanation:
Let's bear in mind that equity is an advantage that allows your company to buy and sell more.
So more equity means more ability to buy and sell and less the possibility of going bankrupt.
Liability on the other hand also gives advantage in trade r company , so more liability shows strongness of the company.
Now let's compare the equity and liability of the both companies
Atlanta Company
Total liabilities $ 429,000
Total equity 572,000
Spokane Company
Total liabilities $ 549,000
Total equity 1,830,000
The equity ratio is about 1:3
While liability is about 1:1.2
So Atlanta company has more riskier structure
