Answer:
The correct answer is True.
Explanation:
According to the nature of the equity accounts, a debit means a decrease in the balances generated within this item for the benefit of the members. On the contrary, a credit means that equity increases.
this reason, there is a total balance of capital for $ 15,000 and another for $ 25,000. If the balance of $ 25,000 is subtracted from $ 15,000, you have to:
Available cash = 25,000 - 15,000 = 10,000.
30% Percentage of a person's effectiveness in a leadership role is due to heredity.
A leader can play various roles, and a firm will benefit more if they do so. Employees will be motivated to perform better, complete their goals, and even acquire leadership skills when they observe effective leaders in action.
Obtaining cooperation at the highest level is crucial for the creation of plans and policies. It is necessary for the interpretation and execution of plans and programs created by the top management at the medium and lower level. When plans are being carried out, leadership can be demonstrated by advising and guiding subordinates.
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Answer and Explanation:
As per the data given in the question,
a) Dominant strategy is that strategy in which a player chooses strategy irrespective of the strategy which other player has already chosen.
For Charles, If Dina chooses right he will choose right because payoff is higher (6 > 3) but if Dina chooses left he will choose left because payoff is
is higher (7>6) So, he doesn't have any strategy.
For Dina, he will choose right because it gives highest payoff whether Charles choose right or left.
The dominant strategy is for Dina to choose right.
b)
The outcome matching the unique Nash equilibrium in this game is :
Nash equilibrium is that in which both players will chose after keeping in mind the other players' strategy.
Here equilibrium is :
Charles chooses right(while Dina chooses Right) and Dina chooses right (while Janet chooses right).
The given statement " Congress is required to ensure that the tax law has the following characteristics: equality, certainty, convenience, and economy " is False.
Explanation:
The Congress is authorized, taxation, fees and excise duty are laid down and collected, the debts are paid and the common good and security of the United States are assured. but all privileges, charges and excise duty are identical throughout the United States.
Borrowing money on the ledger of the US;
To control trade with foreign countries, as well as with the Indian tribes among several States.
Maintain a standardized naturalization requirement and common rules on bankruptcy filings in the United States.
To coin the currency, the value and international coin shall be regulated and the weights and measurements shall be established.
Answer: Micheal will earn an interest of $600 in the first year based on nominal interest rates.
Since we need to compute the interest paid out at the end of year 1, we use the following formula in order to find the interest
where
SI = Simple interest
P = Principal or initial amount invested
N = Number of years
R = Nominal interest rate
Nominal interest rate refers to the rate quoted on the CD or the rate agreed upon. In this question, the nominal interest rate is 3%.
Substituting the values in the formula above we get,
