Answer:
Self Interest & Invisible Hand of Laissez Faire Policy
Explanation:
Adam Smith Laissez Faire Policy - suggests that free markets are the best approach for welfare maximisation of a society, based on self interest guiding best decisions by individuals, and individual wealth & welfare maximisation implies society wealth & welfare maximisation.
The Invisible Hand of free markets corrects all the discrepancies (if any), re-guides self interest forming the basis of over all social interest. Government intervention is unnecessary & distortionary as per the theory
<span>FDIC insures deposits up to $250,000 per person per bankAll credit unions and retail banks provide FDIC-insured accounts,Both A & B <span>Neither A nor B</span></span>
Answer:
A)Changes in inventories are included as part of investment spending because anything produced by a business that has Anything produced by a business that has not been sold during the accounting period is something in which the business has invested
B)If inventories declined by $1 billion during 2012, then $1 billion would be subtracted from both gross private domestic investment and gross domestic product.
Explanation:
A) All inventories that Businesses could have is expected to be utilized by the business. Example of this is that Iron sheet that a business could use in making new Factory building or a pack of toiletries in the shelf in supermarket are both asset as regards to the business and they are things that are been invested by the business.
B)Declination in inventories symbolize that produced goods in previous years has been used up in production of current year. In the case that that the stated $1 billion is not deducted, then there would be need to count the produced goods that was produced in previous year as been produced in 2022
Wholesaling are conditional middle men they buy large bulk's from manufactures, most of the time with their own transportation their niche's and they sell and deliver in smaller quantities to retailers and charge more per unit.
Answer:
Accounting equation is as follows:
Total assets = Total liabilities + Stockholder's equity
(a) Providing services to the customers on account will increase the stockholders equity in terms of service revenue by $4,900 and increases the total assets in terms of account receivable by $4,900.
(b) Purchasing an equipment at a cost of $10,300 by signing a note with the bank will increase the total assets in terms of equipment by $10,300 and also increases the liabilities in terms of notes payable by $10,300.
(c) Payment of advertising expenses for the current month reduces the total assets in terms of cash by $2,000 and also decreases the stockholder's equity by $2,000.
