In a mixed economy, entrepreneurs, businesses and corporations are allowed to pursue their best interests in the market, while government or public programs, organizations, and enterprises are equally permitted to provide services and the like in the market, as well as intervene in areas like trade or taxes.
Answer:
The answer is A. $ 8000 would appear on the income statement as rent revenue
Explanation:
We're dealing with financial statement, therefore we need to apply accounting principles. This income relates to the December month. The fact that only $ 5000 has been received does not reduce the income allocated to this month. This means that actual income in accounting terms is still $ 8000. The $ 5000 received will go to bank. This is not prepaid rent as the rent is due and not paid in advance. If it was paid in prior months for a later month it would be considered prepaid rent. Nor will $ 8000 appear on the statement of cashflows as only $ 5000 was received. The revenue is earned in this period, whether it is paid is not relevant to the revenue being recorded for this month.
Therefore the only logical answer is A. $8000 will appear on the income statement as rent revenue earned
The term globalization describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.
<h3>What is Globalization?</h3>
This refers to the connectedness between different societies which brings them closer in terms of development and communication.
Hence, we can see that as a result of globalization, we can see that the world is now a global village and communication is fast and instant even across great distances.
Read more about globalization here:
brainly.com/question/6535088
Answer:
$6 billion
Explanation:
Calculation to determine what consumption spending would initially decrease by
Using this formula
Decrease in Consumption spending=MPC * New taxes on household income
Let plug in the formula
Decrease in Consumption spending=0.6*$10 billion
Decrease in Consumption spending=$6 billion
Therefore consumption spending would initially decrease by $6 billion
Answer:
Statement of cash flows ending balance = $168,800
Explanation:
See the image to get the appropriate answer: