In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents consider only current information and ignore the past.
Economic conditions describe the state of the economy currently in a nation or region. These circumstances evolve over time as a result of the business and economic cycles that accompany an economy's expansion and decline. When an economy is expanding, the economic conditions are viewed as sound or good; when an economy is contracting, they are viewed as adverse or negative.
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Answer:
d. Debit Bad Debt Expense; Credit Accounts Receivable
Explanation:
This would be the entry needed to write-off this account. This is an example of the direct write-off method of accounting. This is a method that is employed to recognize bad debts expense that arises from credit sales. This method does not permit allowance account. Instead, an account receivable is written-off directly to expense after the account is determined uncollectible.
<span>Fortunately, this is a simple calculation to compute; use the value of your starting direct materials inventory, your direct materials purchased and your direct materials used to find the ending inventory of direct materials.</span>
Answer:
All of the following are major features of organizations that impact the use of information systems except for;
d. agency costs
Explanation:
An organization is a formal legal entity with internal processes that utilize resources from the environment, and converts them to output. Information technology on the other hand is the use of technology especially computers to retrieve, receive and transfer data. In large organizations, business processes tend to be redundant and complex to execute using human capacity. Information technology can be used in these situations to ensure that the processes are executed in an efficient and timely manner. There are major features of organizations that impact the use of information systems, namely;
1. Business processes
It can be defined as a collection of people and equipment that work together to produce a desired good or service. The nature of the business process determines the type of information system to be used.
2. Environments
Environments includes all the things inside and outside the organization that impacts the company directly or indirectly. Environment as a feature of organization impacts on how information is processed in that organization.
3. Goals
Since information systems exist to assist the organization in many ways, they have to be designed so that they are in line with organizational goals and objectives.
