Answer:
A. NA = NA + NA NA -NA = NA NA NA
Explanation:
As Year 2 the customer paid Loudoun the $1,050,which was written off On April 4, Year 1.
Therefore, the following journal entries to record the transaction.
Accounts receivable debit $1,050
Allowance for doubtful accounts credit $1,050
To record reinstatement of accounts receivable.
Cash debit $1,050
Accounts receivable credit $1,050
As one asset account is increase and another asset account is decreased.
The answer is D
(using intensive farming practices that removed protective grasses.)
Hope it helps :)
<u>Solution and Explanation:</u>
As the utility function is concave in shape, so person is risk averse. Thus, he will not accept the gamvle.
The difference between utility at point A&C = 70 minus 65 = $5, is less than a the difference between A&B = 65 minus 55 = $10
<u>MCQ:
</u>
Answer is option a&d - risk averse people fear a lot for losing money, thus they overestimate the probability of loss
Since, shape of utility function is concave, hence the double derivative of utility with respect to wealth is negative, so utility falls at an decreasing rate , as wealth increases
