Answer: Adverse Selection.
Explanation:
The above situation described Adverse Selection because Adverse Selection refers to a situation where there is information asymmetry between buyers and sellers of a good or service. This means that a party involved has more information about the transaction than the other and this can lead to the person who has more information engaging in a transaction that is sure to benefit them at the expense of the person they are transacting with. A serious example is one of life insurance. Perhaps if a person knows that they will be dying soon but it won't show up on all medical scans and tests, they will get the life insurance and claim on it when they die. They had more information than the seller.
In the above scenario, Tim can make all the assumptions he wants to make but the fact is he simply will.not know what defects the television has because he is not the seller.
It is applaudible that he is approaching with caution though. He at least has a higher chance of success.
Answer:
1. Equity will increase
2. Asset Decrease
3. Asset and liability increase
4. Asset decrease
5. Asset increase
6. Equity decrease
7. Asset increase
8. Asset decrease
9. Asset and liability decrease
10. No effect
11. Asset and liability increase
12. Asset increase
13. Asset decrease
Explanation:
Accounting equation reflects the impact on the business for every transaction. There are three main components of an accounting equation. Asset, Liabilities and Equity. If one component increase the other might increase, decrease or have no effect.
Asset = Liabilities + Capital
Answer: Bank Deposit
Explanation:
This relates to QuickBooks Online which is an accounting service that is provided to many small and medium size enterprises to help them with their accounts. It is very effective and easy to use.
When it comes to deposits other than customer payments, the relevant feature to use is the Bank deposit feature which can be found in the banking tab. You bank account can be linked to QuickBooks which would then update the your account when a bank deposit has been made.
Answer:
$3 per glass
Explanation:
THe consumer are paying (9-6) per glass, so $3 higher.
Most other data in the question seems irrelevant.
Answer:
CV19 could impact PPP by negatively impacting the market value of goods in an economy that is severely impacted by the virus.
Explanation:
When the economic conditions and demand for goods and services slow down, prices will naturally fall as the individuals selling those goods and services try to attract scarce buyers.
In the case of CV19, if one country is severely impacted by either illness or the measures taken to avoid illness, their economy will slow down and prices will fall. Compared to a country who is not impacted and whose market prices do not fall, PPP between these countries will be affected.
