Answer:
C) False consensus
Explanation:
False consensus refers to the trust what one feel regarding other and think as similar for other person as he thinks. Also in this the opinions of the other persons would not be considered
Since in the question it is mentioned that the majority of the other store managers would feel the same way so here the false consensus would be applied
hence, the correct option is c.
Answer:D $197,289
Explanation:
Compounding a present value for a future sum is calculated thus:
FV= PV(1+r/n)^nt
FV= $270,000
Rate= 8%
Time= 4yrs
Compounded semi annually
$270,000= PV(1+0.08/2)^2*4
270,000=PV(1.04)^8
270,000=PV(1.368569050405)
270,000/1.3685690504052736
PV= 197,289
Answer: See attachment
Explanation:
The adjusting entries at July 31 assuming that adjusting entries are made monthly has been attached.
N.B:
Interest receivable:
= 18000 × 12% × 1/12
= 18000 × 0.12 × 1/12
= 180
Supplies expenses:
= 22500 - 17600
= 4900
Rent expense:
= 5400/4
= 1350
Depreciation expense:
= 6360/12
= 530
Answer:
The Equity for the bank will be $260
Explanation:
Assets of the banks are
Reserve = $60
Bond = $400
Loans = $600
Total Asset = $1,060
Liabilities of the banks are
Deposit = $500
CD's: = $300
Total Liabilities = $800
Equity = Asset - Liabilities
Equity = $1,060 - 800
Equity = 260
The maximum amount of the bank to sustain without becoming insolvent their Equity is $260
Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.
<h3>How Microeconomics allocates scarce resources?</h3>
Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.
Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.
learn more about allocation of scarce resources:
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