Answer:
Explanation:
Gunnar Company September 30 Cash balance per books $2,750
Add:
Notes receivable $630
Less:
Deposit in transit. $200
Bank charge. $50
Outstanding Checks. $1,250
NSF Check. $290
Balance as per bank. $1,590
Answer:
The correct answer is option C.
Explanation:
`If firms can easily enter and exit the market, then firms operating in the market will earn zero economic profit in the long run. This is because the short run is too short for firms to enter and exit so potential firms will enter and exit in the long run.
If the existing firms will be having negative profits, the firms having loss will exit the market. This will reduce market supply. As a result, the price level will increase. This will go on until all firms will have zero economic profits.
Similarly, if the existing firms are having positive economic profits in the long run, the other firms will enter the market. This will increase the market supply such that the price level decreases. This will go on till all the firms will be having zero economic profits.
The correct option is B
<u>Explanation:</u>
<u>The accounting profit can be calculated with the help of following given formula
</u>
Accounting profit = revenue minus the explicit costs =100000 minus 25000
Thus, after calculations, the accounting profit is equal to $75000
<u>To calculate the economic profit, the following formula is to be used.
</u>
The economic profit = accounting profit minus the implicit costs
=75000 minus 30000
($30000 is his salary as the server which is opportunity cost) =$45000
Thus, the Option B is the correct answer.
Answer: C. private benefits of regulation to DIs.
Explanation:
Private benefits are those that the parties involved in a transaction experience. The Government insuring deposits in Deposit Institutions (DIs) is as a result of regulation of those same DIs.
A private benefit to DIs is that the cost of deposit funds has been reduced because the Government now insures the deposits directly so banks do not have to significantly account for such anymore.
Answer:
James Madison is known as the Father of the Constitution, and he worked very hard to limit the powers of the government branches, so that no government branch would be more powerful than the other two. He was a great supporter of the Bill of Rights, which also limited the power of the government towards the citizens of the nation.
This specific quote refers to the checks and balances system that prevents any of the three branches of the US government; executive, legislative and judicial, from becoming too powerful.
