<u>Answer:
</u>
From these comments, it is clear that Senator Higdon does not accept the "invisible hand" idea brought forth by Adam Smith.
<u>Explanation:
</u>
- Senator Jimmy Higdon is himself a businessman by profession and bears immense knowledge of the market and its functioning.
- The ideology that Senator Higdon seems to believe in is that of apparent factors that run the business and cause it to earn profit which eventually culminates in the fulfillment of other activities associated with the business.
Answer:
The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account
Explanation:
Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.
The company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. At the end of a period, if required adjusting entry, the adjusting entry:
Debit Interest expense and Credit Interest Payable
Answer:
$1,100,000
Explanation:
The carrying value of Gruen investment in the Blau Company as at the end of the accounting period shall be determined as follows:
Acquisition cost of investment in the Blau Company $1,000,000
Portion of the Gruen Corporation in Blau Company net income $125,000
($500,000*25%)
Dividends paid by the Blau company to the Gruen ($25,000)
($100,000*25%)
Carrying value of investment as the end of year $1,100,000
1) having a budget
2) a main concern (not buying unnecessary things)
3) long term thinking (avoiding things you may regret later on)
4) allocate money for savings
Answer:
The correct answer is letter "D": execution.
Explanation:
A Supply Chain Execution or SCE is the system of managing a supply chain, essentially getting items from the supply chain where they need to go. Nowadays, enterprise resource planning software and enterprise market applications have SCE components that help businesses deal more efficiently with their supply chains.
