Answer:
$ 73.800 is the adjusted net income
Explanation:
Net Income before adjustment $ 76,400
Adjustments for:
Supplies expense (increasing expense, reducing income) $ (3.200)
Unrecorded Service Revenues (increasing net income) $ 3.680
Accrual of interest on note to bank
(increasing expense, reducing income) <u>$ (3.080)</u>
Adjusted net income <u>$ 73.800</u>
Government Licensing is a barrier to entry. The obstacles or hindrances that make it difficult for new companies to enter a given market are referred to as barriers to entry.
Licenses and permits are government-issued entry barriers. These are typically issued by the government in order to maintain quality while also reducing competition. As a result, it will be difficult for new businesses or individuals to enter.
Barriers to entry generally operate on the asymmetry principle, which states that different firms have different strategies, assets, capabilities, access, and so on. When barriers become dysfunctional, incumbents can keep out virtually all competitors, resulting in a monopoly or oligopoly.
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Answer:
investment will decrease if savings also remains constant
Explanation:
When government policy moves from a budget deficit to a budget surplus and the trade deficit remains constant: investment will decrease if savings also remains constant
Liberalism is an ideology, a school of thought, and a political tradition that promotes liberty as the fundamental political ideal. Although the term "liberalism" has its origins in the Western Age of Enlightenment, it now refers to a variety of political ideologies.
Liberalism, in general, places a strong emphasis on individual rights. It aspires to a society that is characterized by individual freedom of thought, restrictions on power particularly that of the state and religion—the rule of law, the free exchange of ideas, a market economy that encourages comparatively unrestricted private enterprise, and an open political system that upholds the rights of all citizens.
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