Answer:
A valid will has to be in writing, and signed by the testator in the presence of two witnesses, who must also attest the will. If the process is not followed to the hilt, the will can be challenged in the court of law. So the answer is true.
Answer:
C. By allowing the same money to be both stored as a deposit and loaned to businesses is the correct answer.
Explanation:
It went as far as 24hrs into Harry's memory system
Answer:
Explanation:
The journal entries are shown below;
Bad debt expense A/c Dr $2,421
To Allowance for doubtful debts A/c $2,421
(Being bad debt expense is recorded)
The computation of the bad debt expense is given below
= Net sales × estimated percentage given
= $807,000 × 0.3%
= $2,421
To determine the estimated bad debt expenses we debited the bad debt expense account and credited the allowance for doubtful debts
Answer:
These two statements are correct:
A. The level of private sector spending on real assets in Cassiopeia has traditionally been low.
If the economist Danny Cox is recommending increases in government investment in real assets, it must be because the private sector is not investing enough.
An economy with low levels of private investment is an economy that in the long-run will not grow because investing is what produces capital accumulation, and what faciliates technological change, and those two factors are the most important variables for economic growth.
E. Irrespective of what policy measure the government implements to combat the crisis, inflation in Cassiopeia is likely to increase further.
This statement is correct if it is referring to the two policies recommended by economist Cox and unionist Boyle. Niether an income tax refund, or an increase in government spending are measures that tackle inflation, and in fact, both could increase inflation.
A income tax refund would put more cash in the hands of the public, and if demand for money is low, this would increase the velocity of circulation, and the more rapidly money circulates, the higher the inflation rate according to the quantity theory of money.
And more government spending is a form of expansionary fiscal policy that could increase inflation if the government finances the expenses by printing money.
