Net income. Gross income would be the $3,000 before taxes are deducted. The net income would be the 2452 that is remaining after taxes
<u>Solution and Explanation:</u>
Since interest rate is the cost of borrowing, lower interest rate decreases the cost of borrowing for housing mortgage, which increases demand for housing.
It is very much clear from the demand and interest rate have a certain relationship. If the interest rate on a particular amount is lower then the customers will try to get more amount as the cost on such amount will be less which means the burden on the customers would be lower.
Answer:
c. the analysis of receivables method.
Explanation:
In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of the adjustment when applying the analysis of receivables method.
The uncollectible account for receivables includes loans, credit sales or other debts that the business isn't expecting payment for and they are recorded as bad debt expense on the balance sheet.
The allowance for doubtful account method is used to account for the bad debt expense, and recorded before the bad debt occurs.
Basically, there are two (2) main methods of determining uncollectible accounts for receivables under the allowance method, these are;
1. The analysis of receivables method.
2. The percentage of sales method.
In this scenario, we are more concerned with this;
The analysis of receivables method is used to determine uncollectible account for receivables based on the age of respective accounts receivable.
When thieves use your name and good credit rating to get cash or buy things, they are engaging in identity theft.
Identity theft can be define as impersonating another person by making use of that person personal information as their own.
A person using Identity theft can use some else identity to steal from innocent people after stealing the personal details of the person such as the person name so as to obtain cash or to defraud.
Identity theft is bad as it can damage someone image or reputation as the identity thieve can use to commit various crime by pretending to be you.
Inconclusion when thieves use your name and good credit rating to get cash or buy things, they are engaging in identity theft.
Learn more about identity theft here:brainly.com/question/17112484
Answer:
B. The market demand is perfectly elastic at the market price. °
Explanation:
As we know that in the case of perfect competitive market there is a big number of sellers and buyers who sells same kind of product, there is no entry and exit barriers also the firm is a price taker
In addition to this, the market price and output would be measured by the supply and demand force. The profit maximizing output for every firm would considered the market price with the prescribed output and at the time when firm is shutdown so the market price would below the average variable cost
So the option b is incorrect
