Answer: Option B
Explanation: In simple words, multilateral world culture refers to the culture in which different communities are considered to be independent to follow their culture and norms.
In such a system , the world accepts and runs on different culture with other economic activities running on some different agenda. Recent trends have shown that world has been going toward this system as most of the Asian countries are now accepting the western culture and vice versa.
Answer:
Explanation:
The closing entries for the following accounts are shown below:
1. Fees Earned A/c Dr $548,480
To Income Summary $548,480
(Being revenue account closed)
2. Income summary A/c Dr $489,715
To Supplies Expense $32,410
To Wages Expense $360,100
To Miscellaneous Expense $10,805
To Rent Expense $86,400
(Being expenses accounts are closed)
Answer:
Quarterly deposit= $1,912.17
Explanation:
Giving the following information:
The van he is looking to buy in costs $33,000.
Interest rae= 4% per year compounded quarterly
Number of years= 4 years
First, we need to calculate the real interest rate:
Interest rate= 0.04/4= 0.01 per quarter
Now, to calculate the quarterly deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (33,000*0.01) / [(1.01^16)-1]
A= $1,912.17
True. Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.
As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show.
