Answer:FALSE
Explanation:CASH BASED ACCOUNTING is an accounting that is considered only when the money payment is effected. It does not take in account cash which has not been received. In the financial statements it will only include cash received during the year or period under review. This makes it different from Accrual based accounting which also includes cash not yet received but are been expected.
Answer:
Depreciation
Explanation:
Depreciation is the decrease in value of an asset as time goes by. Depreciation is a method used in expensing the cost of an asset.
As time goes on, the value of an asset reduces as a result of wear and tear. this is known as depreciation.
Answer:
<em>Loggers are much </em><em><u>more</u></em><em> likely to supply wood to the market if property rights are not enforced.</em>
When property rights are not well enforced, ownership of the resource is not well defined either. This will lead to more people taking advantage of the resource like the loggers above. They will supply more wood because the ownership of their resource source is not well defined.
Options for the 2 questions below are Market Failure or Externality.
<em>a. A house party plays music at a very high volume, disturbing other residents in the neighborhood. </em><em>EXTERNALITY.</em>
This is a negative externality. Negative externalities are when third parties suffer negative consequences as a result of transactions that they are not a party to. The neighbors are not playing music but it is disturbing them.
b. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity. MARKET POWER.
The Utility company is not facing competition in this state and so can set the price it wants. This can lead to market failure simply because the company would have too much market power.
<span>Step 1: Identify the decision. You realize that you need to make a decision.
Step 2: Gather relevant information.
Step 3: Identify the alternatives.
Step 4: Weigh the evidence.
Step 5: Choose among alternatives.
Step 6: Take action
<span>Step 7: Review your decision & its consequences.</span></span>
The answer to the blank space is globally sustainable competitive advantage.
American programs and trends are very successful in influencing people from other countries culturally, making people more interested in buying products that are used by Americans. Chinese consumers, in this case, are also influenced by the Americans. It definitely gives American brands an advantage over homegrown brands in their country.