Answer:
If effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.
Explanation:
A price floor can be described as a price control in which the minimum price to be charged for goods and services is imposed by a government or a group.
For a price floor to be effective and binding, it has to be set above the market or equilibrium price. This is because a price floor will neither be effective nor nonbinding when it set below the equilibrium price.
Any price above the equilibrium or market price creates or leads to excess supply. Excess supply is a situation whereby quantiy of commodity supplied is more than the quantity demanded of the commodity.
Based on the above explanation, if effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.
Explanation:
<em>Structure of the information systems in Health Network:</em>
-Software: It is made up of 1000 production servers that make it possible for users to access the different services through the web.
-Hardware: It is made up of the three data centers that are the sites or facilities that contain the information systems, we can also include the 650 corporate laptops and mobile devices.
-Personal: These are the users who receive the benefits, such as all the potential clients, the doctors who provide their services, and all the personnel who work in the data centers.
<em>Main objective and scope of the project in Health Network:</em>
A risk mitigation plan must be developed that allows to face the various threats previously identified.
As the main scope of the project, a BCP (business continuity plan) must be developed that allows employees to continue working remotely and safely from the web.
A computer strategy should be considered that allows employees to access the payroll and accounting application from their homes during winter storms.
Answer:
Inside the Production Possibility Frontier.
Explanation:
PPF is a curve that shows the various combination of 2 goods that an economy produces when resources are fixed. Thus, any point or bundle inside the production possibility frontier shows inefficiency in the production while the point on the production possibility frontier shows the efficient production from the available resources. But, the point outside the PPF exhibits a non-achievable point.
Answer:
c) classified balance sheet.
Explanation:
A classified balance sheet can be described as a balance sheet in which the information about assets, liabilities, and shareholders' equity of a company is presented by aggregating or classifying it into subcategories of accounts.
The advantage of a classified balance sheet is that it easier to read and it makes it easier for readers to obtain required information than when the information is just presented in a large number of line items.
The classifications mostly used within a classified balance sheet include Intangible assets, fixed assets (or Property, Plant, and Equipment), current assets, current liabilities, long-term liabilities, and shareholders' equity.
In accounting, the addition of these classifications is required to match the accounting equation stated as follows:
Total assets = Total liabilities + Shareholders' Equity
Answer:
Allowance for Doubtful Accounts and
Bad debt expense
(to fill the gaps)
Explanation:
Allowance for Doubtful Accounts is the account used to record receivables that may not be collectible. When receivables may be incollectible, the entries posted are
Debit Bad debt expense
Credit Allowance for Doubtful Accounts
When the receivables can no longer be collected
Debit Allowance for Doubtful Accounts
Credit Account receivables
Hence for Amend Inc, the reversals of the above entries is what is required. Since Amend Inc. has debited Accounts Receivable and credited Allowance for Doubtful Accounts to reestablish an account previously written off, the second set of entries required would be
Debit Allowance for Doubtful Accounts
Credit Bad debt expense
