Answer:
A certificate of deposit; a time deposit
Explanation:
A requesting an interview through an employment agency
The correct answer would be option D, Markets tend to move towards equilibrium as individuals respond to incentives.
As a result, you and many other college students decide to major in engineering. This illustrates the principle of Equilibrium as individuals respond to incentives.
Explanation:
When supply and demand in an economy balances in the market keeping all other factors constant, then this situation is called as Market Equilibrium. With the change in these factors of the economy, the market equilibrium also changes, and there might be no equilibrium depending upon them at some point of time.
So when students see that there is a demand of engineering in the economy and music graduates are having difficulty in getting jobs due to more supply of music graduates, students move towards the engineering field in order to achieve the market equilibrium as they want to get jobs as an incentive.
Learn more about Market Equilibrium at:
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Answer: FALSE
Explanation: The partnership agreement dissolves when any of the partners in the business dies or became bankrupt. Then the remaining partner or partners in the entity calculates whether the dissolving partner owed them money or are they obligated to pay his heir any amount.
After such calculations appropriate adjustments in different accounts are done accordingly.
Answer:
B.
Explanation:
An uncollectible account or bad debt is an account receivable that the business cannot collect. Businesses account for bad debts by using
:
-the allowance method.
-the direct write-off method
.
The direct write-off method is primarily used by businesses with few credit customers. When it is determined that a customer is not going to pay, the uncollectible account is removed from the records.
To remove from the records, there is a credit to Accounts Receivable (asset account, increase by the debit) and a debit to Bad Debts Expense (expense account, increase by the debit).
