Answer:
Double coincidence of wants - a situation where two individuals each want some good or service that the other can provide
Double coincidence of wants occurs when in a transaction between two or more individuals, each want to obtain the good or service that the other is offering.
Barter - trading one good for another without the use of money
In barter, people trade a good or service for another good or service, without the use of money as medium of exchange. An example of barter is trading a cow for a sheep.
Money - whatever serves society in three functions: medium of exchange, store of value, and unit of account
Money is any good that serves the three purposes of money, store of value to serve as a medium to save or to accumulate wealth, medium of exchange to trade goods and services, and unit of account to measure the value of goods and services under a common guide.
Answer:
the bad debt expense is $900
Explanation:
The computation of the bad debt expense is shown below:
bad debt expense is
= Written off amount + estimated uncollectible amount at the year end
= $650 + $250
= $900
We simply added the above two items so that the amount of the bad debts for the first year could come
Hence, the bad debt expense is $900
Answer:
The correct answer is letter "D": Expectancy.
Explanation:
The Expectancy Theory refers to behaviors individuals are likely to take because of upcoming actions they are aware of that can happen. The theory was concluded after research conducted by Business professors <em>Edward Lawler, Lyman Porter, </em>and <em>Victor Vroom</em> studying people's behavior at work.
Answer:
Answer for the question:
Consider a two-period model of a small open economy with a single good each period. Let preferences of the representative household be described by the utility functionln(C1) + ln(C2),where C1 and C2 denote consumption in periods 1 and 2, respectively, and ln denotes the natural logarithm. In period 1, the household receives an endowment of Q1 = 5. In period 2, the household receives profits, denoted by ?2, from the firms it owns. Households and firms have access to financial markets where they can borrow or lend at the interest rate r1. (r1 is the interest rate on assets held between periods 1 and 2.).Representative firm borrows D1f in period 1 to make investment I1 that enable the firm to produce goods in period 2. The production technology in period 2 is given byQ2 = ?(I1),where Q2 and I1 denote, respectively, output in period 2 and investment in period 1.Assume that there exists free international capital mobility and that the world interest rate, r*, is 10% per period (i.e., r* = 0.1). Finally, assume that the economy’s initial net foreign asset position is zero (B0* = 0)c) Find the country’s net foreign asset position at the end of period 1, the trade balance in periods 1 and 2, and the current account in periods 1 and 2.d) Now consider an investment surge. Specifically, assume that as a result of a technological improvement, the production technology becomes Q2 = 2?(I1). Find the profit maximizing level of investment made in period-1 and the level of profit for period-2. Find the equilibrium levels of saving, the trade balance, the current account, and the country’s net foreign asset position in period 1.
Is given in the attachment.
Explanation:
Except for liability and assets. Accounting standards characterize an advantage as something your organization possesses that can give future financial advantages. Money, stock, debt claims, arrive, structures, hardware - these are on the whole resources. Liabilities are your organization's commitments either cash that must be paid or benefits that must be performed.