Answer:
True. Yes, the theory can be falsified.
Explanation:
Theory X would more specifically refer to the theory of supply and demand, which states that individuals will buy more of a particular good if their income rises. From this theory, comes the concept of "normal good", which are precisely the goods that people buy more as their income rises.
This theory could be falsified by empirical observation: a study could be made, including a good number of subjects, to see whether their purchasing habits are directly related to their income.
Answer
Closing costs are calculated based on price of the house minus down payment
Explanation
Closing costs are either brought as cash to closing or financed into a loan.They are usually used when people buy or rent properties and the closing cost is the amount a person pays based on the down payment. To estimate the closing cost, you subtract the down payment from the purchase price of the home.
Answer:
c. There is a direct relationship between a good’s price and the amount offered for sale by suppliers.
Explanation:
According to the law of supply concept, it shows a direct relationship between the price and the quantity supplied.
As the price is rising, the quantity supplied also increases and if the rice is declining, the quantity supplied is also decreases
Since the supply curve slopes upward in the right direction which reflects the direct relationship between the price and the quantity supplied.
Answer:
The adjusted balance is equal to the estimate of the uncollectible accounts receivable.
Explanation:
Receivable in economics is simply whenbusiness sells goods or services to another party on account usually on credit. It is also known as a monetary claim usually against a business or an individual.
Accounts receivable
Is simply defined as the power to the right to receive cash in the future from customers for goods or services performed. They can be called claim of right, exchange consideration, and a claim for the future.
The supplementary record that contains information on each customer is the accounts receivable ledger.
The goal for the accounts receivable methods is to adjust the Allowance for Doubtful Accounts balance making the adjusted balance is equal to the estimate of the uncollectible accounts receivable.
Answer:
$1476.71
Explanation:
Formula = pmt(((1+r)^n)-1)/I
I = nominal interest rate
Pmt = dollar amount
r = interest rate
N = number of period
4930 = pmt(((1 +0.109)^3)-1)/0.109
4930 = pmt(1.109^3)-1/0.109
4930 = pmt(1.3639-1)/0.109
4930 = pmt(0.3638/0.109)
4930 = pmt3.3385
Pmt = 4930/3 3385
= $1476.71
Richard miller would have to save $1476.71
