b. False
b. in the period that income taxes are paid
c. when it is earned.
d. at the end of the month.
C. When it is earned. The revenue recognition principle is one of the basic concepts of accounting. It is the principle behind the accrual method of accounting and matching principle. Revenue recognition states that revenue is recorded when they are realized, realizable or earned. Normally, it is when the goods have already been delivered or when the service has already been rendered regardless of when the cash is received.
Answer:
$3,110.50
Explanation:
If the formula for calculating your credit card balance after t monthly payments is $15,000 x (0.986975)∧t, and t = 120 (= 10 years x 12 payments per year);
your credit card balance will = $15,000 x (0.986975)∧120 = $15,000 x 0.20737 = $3,110.50 after 10 years.
It is never a good idea to only pay the minimum monthly payment, since it takes forever to pay your credit card debt.
Allan Wicker's 1969 research found that individuals' attitudes don't always predict their behaviors in situations like cheating, hiring practices and racial attitudes. This points to the complexity of the relationship between attitude and behavior.
The 1969 study by Allan Wicker claims that a person's attitudes may not necessarily align with their behaviors. This concept can be observed through three instances. First, it's observed that the attitudes of students towards cheating did not accurately predict their own cheating behaviors. Second, statements made by employers about whom they would prefer to hire often contrasted with their actual employee rosters. Finally, the personal narrative of one's racial attitudes did not necessarily predict their behaviors in realistic scenarios. Wicker's study illustrates how complex the relationship between attitude and behavior can be, and that various factors such as social pressures, internal states, and situational context can affect this behavior.
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C. Total possible output increased.
D. The business became inefficient during the expansion.
E. The production function changed.
Answer:
This two statements are false:
A. Fewer inputs and outputs were used.
This statement is false because the idea behind a business expansion is to use more inputs, in order to produce more output, however, for the expansion to be economically positive, the new output produced has to grow proportionally more than the additional input invested.
D. The business became inefficient during the expansion.
We do not know for sure whether the business became more inefficient or not, but it is more likely that it became more efficient after the expansion. Nino's business probably has managed to sell more cars after hiring the additonal workers, and buying the additional computers. This is the very definition of efficiency.
The Reconstruction Finance Corporation (RFC) was established in the United States in 1932 during the Great Depression.
Its primary purpose was to provide financial assistance to banks, industries, and other businesses in need of capital to stimulate economic recovery.
The beneficiaries of the RFC were mainly large corporations, such as automobile manufacturers, railroads, and financial institutions, which received loans and assistance to stabilize their operations.
By providing financial support, the RFC aimed to prevent widespread bankruptcies and unemployment, thus benefiting both the businesses receiving aid and the broader economy by promoting stability and revitalization.
Learn more about reconstruction finance here
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