Answer:
will not affect increase; leads to an increase in decrease
Explanation:
Based on the scenario been described in the question, a decrease in the in the money supply will most likely leads to an increase in decrease, this because, when there is a decrease in the supply of money in the short run, it most definitely affect the decrease in increase of the money that is in supply
Answer:
The allowance for doubtful accounts at end of the year is $30,800, not $30,000
The correct option is D,$40,800
Explanation:
The bad debt expense for the current year is the sum of the ending allowance for doubtful debt plus the amount written off in the year as uncolletible minus the opening balance of allowance for doubtful debt.
Ending balance of allowance for doubtful debts is $30,800
The amount written off as uncollectible is $21,000
opening balance of allowance for uncollectible is $11,000
bad debt expense=$30,800+$21,000-$11,000=$40800
Answer:
Terms. Procedural law is the set of rules by which courts in the United States decide the outcomes of all criminal, civil, and administrative cases. Substantive law describes how people are expected to behave according to accepted social norms.
Hope this helped you compare & contrast
Explanation:
Answer:
B. the reduction in economic surplus resulting from a market not being in competitive equilibrium.
Explanation:
Deadweight loss is inefficency in the market that occurs when demand and supply aren't in equilibrium. As a result of this inefficiency consumer and producer surplus falls.
Answer:
The below additional piece of information is missing from the question:
In its 2018 income statement, what amount of interest expense should Hernandez report from this lease transaction?
The interest expense for 2018 is $150,000
Explanation:
Interest expense for 2018 is the implicit interest 10% multiplied by the difference present value of $1,800,000 minus annual payment of $300,000.
In order to compute the interest expense,the annual payment must be deducted first since the annual payment was made at the start of the year,hence interest is only due on the net amount of $1,500,000($1,800,000-$300,000).
Interest expense=$1,500,000*10%=$150,000