Answer: Actual state
Explanation: In simple words, The actual state refers to the way in which a rational consumer actually satisfies his or her needs and wants.
In the given case, Bessie is sure that she has the same product left at home however she does not have any proof. Bessie decides to not purchase the good she already has one, thus, despite of not having a proof she decides to satisfy her wants by not purchasing the bottle.
Hence the correct option is C .
Answer:
The present value = $3,602.30
Explanation:
To calculate this, we will use the formula for calculating the future value for an amount invested, compounded semiannually at a certain interest rate. This is done as follows:
where:
FV = Future value = $4,500
PV = Present value = ??
r = interest rate = 4.5% = 4.5/100 = 0.045
n = number of compunding period per year = semiannually = 2
t = time = 5
Therefore, the present value = $3,602.30
The price of the stock divided by the profits per share of the stock is known as the price-earnings ratio. Investors typically study this carefully before deciding to invest in something because this equation helps them realize what their profits will be.
Answer and Explanation:
The journal entries are shown below;
On Mar 11.
Bad debt exp $8,700
To Accounts receivable $8,700
(Being the bad debt expense is recorded)
On Mar 29
Accounts receivable $8,700
To Bad debt exp $8,700
(Being reversal is recorded)
Cash $8,700
To Accounts receivable $8,700
(being the recovery of the bad debt is recorded)