Answer:
(Decrease, Increase)
Explanation:
When the government formulates and implements policies aimed at increasing equality, the society will experience a reduction in the level of efficiency. For example, an increase in income tax on wealthiest Americans, and redistribution of the tax revenue to the poorest Americans would may discourage the wealthy from taking more income-generating activities which create jobs, this is not optimal. At the same time, this policy would reduces the peoples’ incentive to work hard to earn their own money.
Answer:
price level fall and value of money is rises
Explanation:
given data
one year basket costs = $10.00
two year two basket costs = $9.00
one year buy baskets = $50
year two,buy baskets = $50
to find out
as the price level falls, the value of money will be
solution
we see that when we compare to 1 year price go down from $10 to $ 9
so deflation at annual rate is 
= 10%
so here
sum of $50 will be buy here = 
= $5 in one year
and $ 50 buy in 2 year is = 
= $5.56 in two year
so this is show here that price level fall and value of money is rises
<em />I think it is C but don't quote me on it.
Answer:
c. $24,500
Explanation:
The allowance for doubtful accounts is a contra-asset account that records the amount of receivables expected to be uncollectiblea, makes a reduction of the total amount of accounts receivable appearing on a company’s balance sheet. There are two way to estimate uncollectible accounts: the percentage of sales method and the accounts receivable aging method.
ABC Company uses the percentage of sales method - application a flat percentage to the total amount of net credit sales for the period.
Estimated uncollectible = 3% x $750,000 = $22,500
The company establishes an allowance for doubtful accounts for $22,500 while simultaneously reporting $22,500 in bad debt expense.
Before adjusting on December 31, 2004, the Allowance for Doubtful Accounts had a credit balance of $2,000.
The balance in the allowance for doubtful accounts after adjustment is $22,500 + $2,000 = $24,500
