The answer to this question is a problem.
Problem is a situation that everybody encounters that is needed for a solution or a specific result. Problems cannot be ignored or avoided, a person should should know how to solve it and deal with the problem once it hits you. In order to deal with problems, a person should always focus on the outcome and the possible solution to it.
Market failure occurs when a free market is unable to A) distribute resources efficiently.
Answer:
May 2 No entry is required as the transaction is yet to happen
May 7 DR Accounts Receivable $1,200
CR Tour Revenue $1,200
May 9 DR No entry required
May 15 DR Sales Allowance (1,200 * 30%) $360
CR Accounts Receivable $360
May 20 DR Cash $789.60
DR Sales Discount $50.40
CR Accounts Receivable $840
Working
Accounts Receivable = 1,200 - 360 sales allowance = $840
Sales Discount = 840 * 6% discount = $50.40
Cash = 840 - 50.40 = $789.60
b. Net Revenues
= Revenue - Sales allowance - Sales discount
= 1,200 - 360 - 50.40
= $789,60
c. Partial Income Statement
Tour Revenues $1,200
Less:
Sales Allowance $360
Sales Discount <u> $50.60 </u>
<u> ($410.60)</u>
Net Tour Revenue $789.40
Answer:
They will have an Exogamous marriage.
Explanation:
Exogamous is a custom of marrying outside own social group or class. These marriage is based on personal choices rather than culture, language, caste, religion, class etc. Exogamous is not widely acceptable across different culture and society.
There are cultures which have penalty or punishment for Exogamous marriage. Endogamus is opposite of Exogamous, where it is mandatory to marry within one´s own group, class etc.
In this case, cate is a daughter of rich father, however Harry is a poor farmer. They belong to different class of society, yet they are planning June wedding. Therefore, we can say they will have an Exogamous marriage.
