Answer:
$445,000
Explanation:
The rent in Volusian company income statement for 2016 is $420,000
The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016
Therefore the cash paid for rent in 2016 can be calculated as follows
= $420,000+($95,000-$70,000)
= $420,000 + $25,000
= $445,000
It would have to be C. For answer A, people going into debt while not being able to pay back te money caused bank failures (Credit). B looks like the same as A, risky loans made by banks to people who are unable to pay them off. Answer C is incorrect because MANY people were not aware of the stok market crash and asked their broker to hand them money. When the broker issued a frantic margin call, other brokers started calling and pretty much everyone had to sell at the same time, which issued the crisis. D is correct and is still happening today.
Answer:
2. social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity.
Explanation:
Economics is defined as a study of how a society uses its limited resources. It deals with consumption, distribution, and production of goods and services.
Economics tries to find ways that unlimited wants can be satisfied with limited resources. Theories postulated are focused on how to optimally use scarce resources for production of goods and services, how am individual or organisation can maximise it's utility of a product.
