Answer:
Capitalist approach to achieve the objectives, although currently the determined pressures that the approach should be socialist in the future
Explanation:
<em>Capitalism</em> is an economic and social system based on the means of production must be privately owned, the market serves as a mechanism to allocate specific resources efficiently and capital serves as a source for generating wealth.
On the contrary, <em>Socialism</em> is the theory, doctrine or social practice that promotes the public possession of the means of production and a collective and planned control of the economy for the general interest of society.
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So you would simply need to set up a formula and solve
X= beginning cash
X+ income - expenses = cash balance
income = cash receipts (7,500)
expenses = cash disbursements (8,600)
Cash Balance = 1,800
Plug into the equation
X + 7,500 - 8,600 = 1,800
Then you would solve for X
What amount should be recorded as Bad Debt Expense for the current year?
Not yet due:
22,000
Estimated Percentage Uncollectible: 3%
Estimated Amount Uncollectible: 660
Up to 120 days past due:
6500
Estimated Percentage Uncollectible: 14%
Estimated Amount Uncollectible:
910
Over 120 days past due:
2800
Estimated Percentage Uncollectible: 34%
Estimated Amount Uncollectible: 952
Estimated Balance in allowance for doubtful accounts: 2522
Current balance in allowance for doubtful accounts: 1200
Bad Debt Expense for the Year: 1322
Answer: b. mind games and your money
Explanation:
This falls under Mental accounting where our minds play games with our money by dividing them into various accounts and uses based on our emotions.
Sunk costs play a big part in this because we get so attached to the accounts we have put a lot of effort in while neglecting those we have not or do not want to think about. Maria here is proud of her savings account so much so that she does not see the detrimental effect of not paying off the credit card debt which is rising rapidly.
Her savings account is now a sunk cost and she doesn't realize. This principle can help advise her so she understands the games her mind is playing on her and fix it before the damage gets worse.
The first session of the national convention is generally devoted to giving speeches.
