The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. therefore, Option A is the correct statement.
<h3>How does the Invisible Hand work?</h3>
The invisible hand is a part of laissez-faire, which means the "let do/permit go," method in the marketplace. In different words, the method holds that the marketplace will discover equilibrium without authorities or different interventions forcing it into unnatural patterns.
The complete information about the question is given below:
a. people's pursuit of self-interest.
b. the political process.
c. government intervention.
d. altruism.
therefore, The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. Option A is the correct statement.
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Answer:
As a result of this stock dividend, Sheldon's common stock will increase by $900,000, the additional paid in capital will not change, and the retained earnings will decrease by $900,000
Explanation:
Stock dividend is paying dividends by issuing additional stocks to shareholders.
In this case,50,000 shares were issued instead of paying cash dividends.
The stock dividend is financed from retained earnings and the amount involved is $900,000(50000*$18).
However,common stock would witness an increase of $900,000 by a way of credit and retained earnings would reduce by the same amount with no impact in the paid in capital in excess of par since the par value of the stock was not provided,hence it is no par value stock.
Answer:
Multiple regression
Explanation:
With regards to the above, multiple regression can be used to determine one educational background, interest and gender so as to see if there is a variation in terms of individual's annual income as it relates to their educational background.
Multiple regression basically is a mathematical model, which is used when one value is matched with two or more variables. Here, the value is a stand alone, which is why we study, while the variables are dependent; hence are factors that required to be checked and why the whole analysis is being conducted.
In the above scenario, the value being represented is 'annual income' which is independent, while educational background, interest and gender are variables which are independent.
Answer:
Option D) Collision,uninsured motorist,comprehensive,and liability coverage.
Explanation:
A Collateral is Simply an item of value used to secure the principal portion of a loan. It is usually required when requesting for loan. It is anything of value that could be used to cover the value of the loan.
Cars has different types of insurance coverage. Some of which are:
1.Liability (required by law)
2.Collision (may be required by lender)
3.Uninsured/Underinsured (optional but recomended)
4.Comprehensive(may be required by lender)
Answer:
Fraud Investigators Inc.
Date Particulars Debit Credit
31 Mar Accounts Receivable $ 17,000
Service Revenue $ 17000
On March 31, 10 customers were billed for detection services totaling $17,000
31 October Bad Debts $1100 Dr.
Allowance for Doubtful Debts $ 1100 Cr
When Allowance for Doubtful Debts is created .
<em>At the year end this adjusting entry would be passed . This is an adjusting entry and is not passed on 31st October. It is recorded on the year end.</em>
<em> Allowance for Doubtful Debts $ 1100 Dr.</em>
<em> Accounts Receivable $ 1100 Cr</em>
<em />
<em />
Dec 15 Allowance for Doubtful Debts $ 720 Dr
Bad Debts $ 720 Cr
Recovery Of Bad Debts
<em />
Dec 31 Bad debts $ 420 Dr
Allowance for Doubtful Debts $ 420 Cr
On December 31, $420 of bad debts were estimated and recorded for the year
