Explanation:
The journal entry to record the estimated uncollectible accounts is shown below:
Bad debt expense Dr $7,500
To Allowance for uncollectible accounts $7,500
(Being the bad debt expense is recorded)
The computation is shown below:
= Estimated amount for uncollectible accounts - credit balance in allowance for uncollectible accounts
= $12,000 - $4,500
= $7,500
Answer:
The correct answer to the following question is option D) everyone receives different level of satisfaction from from the same good or services.
Explanation:
Utility can be defined as a measurement of satisfaction levels that a consumer experiences from the consumption of goods and services. From the above given options only D is correct as every one experiences different level of satisfaction from same good or services. Economists measures utility with a unit they refer to as util. All products doesn't produce same level of satisfaction .
Answer:
Decrease in M1; No effect on M2
Explanation:
Monetary aggregates is as follows:
M1 consists of:
= Currency with the public + Checking/Demand deposits + Other deposits with the RBI
M2 consists of:
= M1 + Post office savings account deposits
Effect on M1:
If a person transfer money from checking account to savings account, so there is a fall in M1 because the amount in checking account is reduced.
Effect on M2:
If a person transfer money from checking account to savings account, then there is a fall in checking account and at the same time there is a rise in the savings account. M1 is a component of M2.
Therefore, there will be no effect on M2.
The share price for the merged firm is $48.09. Therefore, the correct option is C
<u>Explanation:</u>
(a)-Net Present Value (NPV)
Net Present Value (NPV) = Market Value of the Target Firm + synergistic benefit – Acquisition Value
= [3600 Shares multiply $19] plus $16700 minus [3600 Shares multiply $21]
= $68400 plus 16700 minus 75600
= $9500
“Net Present Value (NPV) = $9500
(b) Share Price
Share price = [Market Value of the Bidding firm + NPV] / Number of shares of the Bidding firm
= [( 8700Shares multiply $47) plus $9500] / 8700 Shares
= [$408900 + 9500] / 8700 Shares
= $48.09 per share
“Share Price = $48.09 per share”
Answer:
To the first question: C) C. There has been economic growth in our society.
To the second question: E). Economics.
Explanation:
To the first question:
A is false because there has been several recessions in the past 100 years
B is false because markets have failures, causing the recessions mentioned above.
D is false because there are still poor countries, and the concept of "invisible hand" isn't properly explained
To the second question:
The field of economics is the most accurate description of what the researchers are focusing.
En option A they talk about the monetary variable and status of the GDP (recession is associated as decreasing in GDP)
Option B talks about the markets.
C outright spells "economic"
D "the invisible hand" is a concept invented by Adam Smith, the father of modern economics
