Answer: B) Conservative Financial Policy
Explanation:
A Conservative Financial policy refers to a situation where an entity usually finances their permanent working capital with long term debt in part or in it's entirety.
It is stated that Bradford Maintainance uses long-term sources of funds to finance its assets which would point to a Conservative Financial Policy.
Answer:
Always involve at least one income statement account and one balance sheet account.
Explanation:
Adjusting entries are used to record events that happened during the current accounting period but weren't recorded earlier in the proper accounts. Accounting entries involve revenues and expenses, and at least one balance account (assets, liabilities and equity accounts). E.g. accounts receivable are adjusted to record bad debt expenses.
Answer:
The full sentence is the following: Bank capital has both benefits and costs for the bank owners. Higher bank capital <em>reduces </em>the likelihood of bankruptcy, but higher bank capital <em>reduces </em>the return on equity for a given return on assets
Answer:
B. $3 per hour
Explanation:
Given that
Cost of air travel = $300
Time of air travel = 6 hours
Cost of bus travel = $150
Time of bus travel = 56 hours
Therefore, the extra amount paid to travel by air is
Cost of air travel - cost of bus travel
= 300 - 150
= $150.
Also, the extra time saved from air travel is
Time of bus travel - time of air travel
Given as
56 - 6
= 50 hours
Thus,
The minimum value of one's time = (extra Cost paid) ÷ (Time saved)
= $150 ÷ 50 hours
= $3 per hour
A country's balance of trade is defined by its net exports (exports minus imports) and is thus influenced by all the factors that affect international trade. These include factor endowments and productivity, trade policy, exchange rates, foreign currency reserves, inflation, and demand.