Answer:
The correct answer is letter "A": helped support some weaker European countries during the recent financial crisis.
Explanation:
The International Monetary Fund (IMF) is a U.S. based part of the United Nations (UN) agency that promotes international economic prosperity by cooperating with least-favored nations to reduce their unemployment rates. The fund has 189 members and had a vital contribution in the Western European economic recovery after their recent financial crisis as a consequence of unemployment, drop of purchasing power and public debt.
Answer:
Option (a) is correct.
Explanation:
Here, shoes are normal goods as there is a positive relationship between the income level of the consumer and the quantity demanded for shoes. It can be seen that as the income of the consumer increases from $19,000 to $21,000 then as a result the quantity of pairs of shoes demanded increases from 9 to 11 pairs. Normal goods are generally have positive income elasticity of demand.
Therefore, the shoes are normal goods in this case.
Answer:
a)
Rent Expense Dr.$16,000
Bank Dr.$48,000
Prepaid Rent Cr.$64,000
Explanation:
The company entered into lease on 1st November 2019 with rent of $8,000 per month. the company on 1st November 2019 recorded prepaid rent as follows; which is wrong
Prepaid Rent Dr. $72,000
Bank Cr. $72,000
This is wrong entry as prepaid rent was overstated by ($72,000-$24,000 ) $48,000 and same like bank was understated by $48,000
The correct entry should have been like this as on 1st November 2019;
Prepaid Rent Dr. $24,000
Bank Cr. $ 24,000
By 31st December 2019, two months rent have already accrued so prepaid rent should be credited by (8000*2+48,000 for additional amount recorded)
<em>So the rectifying entry is; as on 31st December 2019</em>
<em>Rent Expense Dr.$16,000</em>
<em>Bank Dr.$48,000</em>
<em>Prepaid Rent Cr.$64,000</em>
Answer:
Option C
Explanation:
Trademark infringement refers to the violation of the exclusive privileges assigned to a trademark without including the permission of the trademark owner and any licensee Violation that arise when one person, the "infringer," uses a trademark that is equivalent or ambiguously related to a trademark used by some other group in connection to goods or services that are equivalent or identical to the goods or services.
Where the corresponding marks and products are wholly different, violation of the trademark could still be identified if the recorded label is well recognized under the Paris Agreement. In the U.s a cause of litigation is termed trademark dilution with the use of a label for such significantly different facilities.
Answer:
They will have an Exogamous marriage.
Explanation:
Exogamous is a custom of marrying outside own social group or class. These marriage is based on personal choices rather than culture, language, caste, religion, class etc. Exogamous is not widely acceptable across different culture and society.
There are cultures which have penalty or punishment for Exogamous marriage. Endogamus is opposite of Exogamous, where it is mandatory to marry within one´s own group, class etc.
In this case, cate is a daughter of rich father, however Harry is a poor farmer. They belong to different class of society, yet they are planning June wedding. Therefore, we can say they will have an Exogamous marriage.
