Answer:
Owner owes Builder : B. $2,000.
Explanation:
A Liability is the present obligation of the entity, that arises as a result of past events, the settlement of which is expected to result in a cash outflow from the entity.
Initially, the Owners owes the Builder $,1500
For the fence to be completed on time, an addition of $500 was owed, upon the owner accepting this arrangement.
Thus, the total obligation owing to the Builder is $2,000.
Answer:
The correct answer is debit to Bad Debt Expense.
Explanation:
Taking into account the nature of both accounts, the registration of an account receivable is considered an asset taking into account that it is a callable value for the sale of products or services on credit, for which reason it is recorded in the debit to increase the company rights. In the exposed case, where the debt is considered uncollectible after exhausting many resources, the record is to recognize an expense (debit nature), against a credit to the account receivable with the objective of recognizing in the accounting the loss in the expense and the cancellation of the right in the asset.
its not b. the periods net income to be understated
Answer:
Explanation:
Step 1. Given information.
- City of 200 people
- 100 rich, 100 poor.
Step 2. Formulas needed to solve the exercise.
- P(poor) = 0.9x^2
- P(rich)= 35x-0.1x^2
Step 3. Calculation and step 4. Solution.
P(poor) = p (rich)
0.9x2 = 35x - 0.1x2
1x2 = 35x
x = 35
x is the percentage of rich above 50%, thus there are 35% rich people above 50%.
P (poor) = 1102.5
P (rich) = 1102.5
The equilibrium premium is $1,102.5
Levels of cyclical unemployment will rise.
Unanswered levels of frictional unemployment may rise as people looking for jobs will find it harder to get new jobs.
Unanswered levels of structural unemployment are likely to rise as businesses look for specific types of workers.
Answer: Options A, B and G.
<u>Explanation:</u>
In Economics, a recession is a business cycle constriction when there is a general decrease in monetary action. Downturns by and large happen when there is a far reaching drop in spending.
A recession happens when there are at least two back to back quarters of negative monetary development, which means GDP development contracts during a downturn. As organizations battle with less money and income, they first attempt to lessen their expenses by bringing compensation or stopping down to procure new specialists, which can stop business development.
