Voluntary exchange is the actions of buyers and sellers freely coming together in the marketplace to buy and sell goods. They are not restricted or told what to buy, how to buy it, or how much, by the government or any other regulator.
Answer:
Debit Interest Expense, credit Cash and Discount on Bonds Payable.
Explanation:
The journal entry that a company needs to record for payment of interest is: a debit to the interest receivable account and a credit to the interest income account.
The journal entry that a company needs to record for interest expense is: a debit to interest expense and a credit to cash.
The journal entry that a company needs to record for interest expense is: a debit to interest expense and a credit to discount on bonds payable.
Answer:
A. 21 years
Explanation:
Using the rule of 70
Time it will take the first to double = 70/growth rate
= 70/2
= 35 years.
Applying the same principle
Time it will take the country to the south to double = 70/growth rate
= 70/5
= 14 years.
Thus, the country to the south would double GDP per capita than neighbor in the north in
35 years - 14 years
= 21 years
Answer:
a body of laws and legal principles (kinda like ethics) within a governing body (federal and state agencies). Congress delegates these agencies to make sure they are doing what they are suppose to do, it can create new laws as long as these new laws protects the public interest.
Some of these agencies consist of Federal Trade Commission , Securities and Exchange Commissions, and Environmental Protection Agencies (independent but in direct control of the President).
The Administrative Procedure Act provides the rules and powers these agencies are allowed to act upon.
***hopefully that helps***
Explanation:
A legitimate contract must have all necessary aspects such as an offer, its , meeting of minds, acceptance, communication, consideration, capacity, and legality.
Enforceable contracts can be enforced, especially when lawful or valid creditors have enforceable contract rights.
Valid contracts, invalid contracts, voidable contracts, unlawful contracts, and unenforceable contracts are the five types of contracts based on validity. A valid contract is one that is legally enforceable, whereas a void contract is one that is not legally enforceable and imposes no duties on the parties concerned.
Therefore, the answer is given below:
- Meeting of minds
- Acceptance
- Communication
- Consideration
- Capacity, and legality.
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