Answer:
d. may have too many or too few firms, but the government can do little to rectify the situation.
Explanation:
The one that represent typical account fees are : minimum balance fees,
service fees, and/or ATM fees. These are all common in personal
finances.
Minimum balance fees is the the fees needed to make your
account stays afloat, service fees is the fee that covers your
operational service while ATM fees is the fees to maintain your ATM
Card.
Answer: $420,000 of expense in the income statement as an ordinary item. Douglas’ accounts for this change in estimate in the period of change by reporting the newly calculated amount of bad debt expense as an ordinary item of income. Changes in estimate are not considered an extraordinary item, an error correction, or a change in accounting principle.
Year end bonuses could be paid only if the business is doing good. The profit margin has to be high in order to give bonuses.
