In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress formed the FDIC.
<h3>What is the FDIC?</h3>
The Federal Deposit Insurance Corporation (FDIC) was formed by th Congress after the stock market crash of 1929.Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers.
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Answer: Reverse Innovation.
Explanation:
Reverse Innovation is been used by Unilever company in making products for developed markets. Reverse Innovation involves introducing a new product to a developing market and if it succeeds in that market, the same product is then introduced to a developed market.
Answer:
Short-run economics primarily affect price.
Explanation:
When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.
Answer:
<em>Management by </em><em><u>objectives</u></em><em> is a four-step process in which managers and employees jointly set objectives, develop action plans, review performance, and appraise and reward employees.</em>
Explanation:
Management by objectives (MBO)
<em>A </em><em>management</em><em> </em><em>system </em><em>in </em><em>which </em><em>the </em><em>objectiv</em><em>e</em><em>s </em><em>of </em><em>an </em><em>organization</em><em> </em><em>are </em><em>agreed</em><em> </em><em>upon </em><em>so </em><em>that </em><em>management</em><em> </em><em>and </em><em>employe</em><em>e</em><em>s </em><em>u</em><em>nderstand </em><em>a </em><em>common</em><em> </em><em>way </em><em>fo</em><em>r</em><em>ward.</em>
Answer:
The journal entry is given below:
Explanation:
Date Description Debit ($) Credit ($)
Dec 1 Cash 20,000
Accounts Receivable $(145000-5000)(1) 140,000
Merchandise Inventory* 101,700
Equipment** 81,200
Allowance for doubtful accounts 4,400
Payne, Capital 338,500
Note: 1) Since $5,000 of accounts receivables are irrecoverable, therefore, it is an expense, which decreases the accounts receivables amount.
* Merchandise inventory to be valued at a current year's ending price
** For partnership journal purpose, equipment is to be valued at net book value price rather than cost price.
Therefore, Payment's investment is $338,500.