Answer: The correct answer is "A. bilateral.".
Explanation: Windsor, the owner of Windsor's Sandwiches, contacts Gary, a new supplier. He promises Gary that he will pay him $375 if Gary delivers 20 pounds of cheese the following morning. Gary promises to make the delivery as requested by Windsor. This creates a<u> BILATERAL </u>contract between them.
It is a bilateral contract because it produces effects and obligations for both parties, Gary is obliged to deliver 20 pounds of cheese the next morning and the owner of Windsor is obliged to pay Gary $ 375 for it.
Answer:
See below
Explanation:
Per the above information,
Ending account receivable balance = Beginning account receivable + Credit sales - Collections - Written off amount
$93,000 = Beginning account receivable + $108,000 - $142,000 - $130
$93,000 = Beginning accounts receivable - $34,130
Beginning accounts receivable = $93,000 + $34,130 = $127,130
So, the beginning account receivable would be;
The ending accounts receivable is computed as;
= $930 ÷ 1%
= $93,000
Answer:
<u>d. GDP will decrease.</u>
Explanation:
<u>GDP:</u> In economics, the term "GDP" is also referred to as "Gross domestic product", and is described as the standard measure of the value being added and is created via the production of services and goods in a particular country during a specific period. Along with this, GDP also measures the income received or earned by those production in the country, or the total amount that is being spent on the final services and goods.
<u>In the question above, the correct answer is option-d.</u>
Answer:
The sources are various documents written by the OECD: The Organization for Economic Co-operation and Development, and official sources made by the Government of Liechtenstein.
There are many reasons why Liechtenstein has such a high GDP Per capita. The first reason is its political system, which is surprisingly federal, even for such a small state. This means that the different municipalities of Liechtenstein compete among themselves for investment and development, for example, by offering lower tax rates.
The second reason is precisely the economic incentives that the country offers to private businesses. Relatively low taxation, very good infraestructure, well-educated human capital, and closeness to the wealthy markets of Germany, Switzerland, and Austria are among the economic incentives that make Liechtenstein a country with more companies registered (around 70,000) than inhabitants (around 38,000).