Answer:
The correct answer is True.
Explanation:
Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".
Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.
Answer:
Journal Entry
Dr. Contingent Consideration Liability $500,000
Cr. Goodwill $500,000
Explanation:
It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.
Hence,
The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.
Answer:
$264.00
Explanation:
Calculation to determine What will you enter on the NET DEPOSIT line
First step is to calculate the Total deposit checks
Total deposit checks = $72.50 +$65.25
Total deposit checks= $137.75
Second step is to add up the amount she has in the account.
6 ones = $11
4 fives = $20
4 tens = $40
4 twenties = $80
6 nickels = $0.30
12 dimes = $1.20
15 quarters = $4.00
Total 156.5
Now let calculate What will you enter on the NET DEPOSIT line
NET DEPOSIT line=($137.75+156.5)
NET DEPOSIT line=$294.25
NET DEPOSIT line=$294.00
Therefore What will you enter on the NET DEPOSIT line is $294.00
Answer: To afford to retire
Explanation: The life cycle theory was established by Modigliani in 1957. This theory states that a rational individual manages its expenses with the motive of saving sufficient amount till his or her retirement.
As per this theory, the individual consumes almost same amount of income which leads to the situation of borrowing in times of low income and savings in times of high income.
However the minor differences leads to savings high than borrowings in times of low income the individual significant lowers his or her capital expenditure.
