The potential that a nation's government will default on its sovereign debt by failing to meet its interest or principal payments.
Ex. The government going in debt
(Bob is part on the government enforcement he invests in a company, the country decides to nationalize the business making the investment worthless, unless there is reasonable compensation made to the investors.)
Answer:
$120
Explanation:
In this question, we simply have to apply the simple interest formula which is shown below:
= Principal amount × rate of interest × time period
= $2,000 × 6% × 1 year
= $120
Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.
So, $120 interest is paid for the year
Answer:
Supplies expense $2200 Dr
Supplies $2200 Cr
Explanation:
The adjusting entries are made at the end of the accounting period under the accrual basis of accounting. The accrual principle states that the revenue and expenses for a period should be matched and recorded in that particular period.
Supplies expense is calculated by determining the amount of supplies at start of the year and adding the purchases of supplies. At the end of the year, the closing inventory of supplies is determined and the difference between supplies available and the closing inventory is charged as supplies expense.
Supplies expense = Opening Inventory + Purchases - Closing inventory
Supplies expense = 3700 - 1500 = $2200
Answer:
Unsought product
Explanation:
Unsought product or the goods are those products or goods which the consumer does not know regarding or does not usually think of buying or purchasing, and the purchase of which happen due to the fear of danger or danger and lack of desire.
So, when the insurance companies who expand a lot of marketing efforts in offerings, primarily for the fact that the insurance is an unsought product which the consumer don't think much.
Answer:
An environmental impact statement, under United States environmental law, is a document required by the 1969 National Environmental Policy Act to protect the environment.
Therefore, the main purpose of an environmental impact statement is to make sure that the policies in the Act is implemented.
It also lists out the various endangered species in the area on either private or government territories and how best to preserve them from extinction.
