Answer:
The correct answer is letter "A": Accrual-basis revenues exceed cash collections from customers.
Explanation:
Revenue collected in advance are profits collected usually at the beginning of a contractual agreement that implies obligations from the firm for a certain time. For instance, insurance companies charging a one-time payment for an annual policy fall into this category.
The accrual basis of accounting states that profits are reported on the income statement as they are earned. In that case, if the revenue collected in advance decreases, the accrual-basis revenues will be higher than the cash collections from customers under the advanced payment method.
Answer:
4. Dumping
Explanation:
Dumping is a term used in "international trade" as the process where by a country exports a product to another country at a price that is lower in the foreign countries market and then sells for a price that is less than the manufactured price within domestic market. it endangers the market structure of the product's manufacturers or producers in the importing nation.
<span>External benefits are more significant when market output at the efficient level. So if anyone ignores the external benefits and only focuses on private benefits, this may lead to market quantity getting low and also the social surplus might get to its minimum.</span>
Answer:
c. The failure of many banks
Explanation:
- The crash in the stock markets leads to the decline in the decrease of the expected incomes and a tight monetary policy of the government along with a higher tax rate which by the banking crisis led to the event of the great depression.
- The great depression was the worst economic downturn and had varied effects across the world. The and has the longest deepest and widespread impact on the 20th century leading to a decline in the global economy,
