Answer: X=$307.50
Given:
Ben’s savings weekly = $61.50
It is 1/5 or 20% of his weekly savings
To find Ben’s weekly pay in $
Let X= Ben’s weekly pay in $
To solve, we use the equation
1/5X=61.50
.20X=61.50
X=61.50/.20
X=$307.50
 
        
             
        
        
        
Answer:
b. quasi contract
Explanation:
-Liquidated damages refers to a mechanism in a contract in which a party can request a compensation because of breach.
-Quasi contract is  an agreement that is recognised by a court when there is no written contract between two parties and there is a conflict about a payment of a product or service.
-Reformation is a change made by a court in a document when one party that participates in it makes a request.
-Restitution is when someone receives a compensation for a loss or an injury.
According to the options given and the definitions, the answer is quasi contract.
 
        
             
        
        
        
Answer:
False.
Explanation:
The concept of "Nash equilibrium" is been by economist and also by "gamers" in game theory. Nash equilibrium is so good for making decisions and the determination of strategies. 
In playing this game, the players or participants can use the pure strategy or the mixed strategy. The mixed strategy is the use of different strategies randomly. 
"If a player chooses a mixed strategy in a Nash equilibrium, this implies that the payoff from using that mixed strategy is the same as the payoff from using any of the pure strategies in it".
The statement given above is FALSE because the PAYOFF WILL INCREASE IF WE ARE TO PLAY A MIXED STRATEGY.
For instance if we have a head of 1 and -1, and a tail of -1 and 1, the payoff for pure strategy is likely one or minus one but for a mixed strategy it could be zero.
 
        
             
        
        
        
Answer:
                                         Debit                            Credit
July 2021
Cash                                 17,500 
Loan payable                                                        17,500
June 30, 2022
Loan Payable                   17,500
Interest payable                 2,100
Cash                                                                     19,600
Adjusting Entry's
                                          Debit                                Credit
 Interest expense               1050
Interest Payable                                                            1050
Explanation:
Interest for the year = 0.12*17500=2100
Interest expense 2021= 6/12*2100= 1050
 
        
                    
             
        
        
        
Debt management ratios measure how well a company is using debt versus equity position.