The marginal private benefit (MPB) and the private marginal cost (MPC) should be equal when the market is in equilibrium and there is no government intervention.
When the market is in equilibrium with no government intervention?Governments can impose tariffs, which add taxes to imported goods, or subsidies, which raise prices and improve the appeal of indigenous goods by taxing the public and transferring the money to an industry. Businesses or entire industries might be stymied by increased taxes, levies, and regulations.
Correcting market failure issues related to public goods, external costs and benefits, and imperfect competition is one of the functions of the government. It is always possible for government intervention to lower deadweight losses by bringing markets closer to efficient solutions.
The private marginal benefit (MPB) and cost (MPC) should be equal when the market is in equilibrium and there is no government intervention. So, if the societal marginal cost is $5 and the private marginal cost is $4.
The complete question is:
Suppose that a market is in equilibrium and there is no government intervention in the market. If the private marginal cost of producing an item is $4 and the social marginal cost of production is $6, what is the private marginal benefit of the item?
A) $2
B) $4
C) $10
D) $6
E) $0
Therefore, the correct answer is option B) $4.
To learn more about equilibrium refer to:
https://brainly.com/question/517289
#SPJ4
According to the MLA format, which best demonstrates the similarities and differences between the citations of a magazine and a book?
Both require the title and author, while magazines require the editor of the magazine.
Both require a date of publication, while magazines require the page number of the article.
Both require the format of the book, while books require the page number of the information.
Both require a location of publication, while books require the edition of the book if there is more than one.
Answer:
Both require a date of publication, while magazines require the page number of the article.
Explanation:
Modern Language Association or MLA format is one style of providing citations in academic works. This style of citation or formatting one's papers is used majorly in many universities all around the world and is regarded as one of the most accepted styles to be used.
According to this style, providing citations for both a magazine and a book requires the date of publication of the book/ article/ magazine. At the same time, magazines also require the page number of the article from which the quote is taken or used as a source.
Thus, the correct answer is the second option.
Answer:
B
Explanation:
Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Automobile engine b. Brake pads c. Depreciation of robotic assembly line equipment d. Glass for front and rear windshields e. Safety helmets and masks for assembly line workers f. Salary of quality control inspector g. Steering wheel h. Tires i. Wages of assembly line workers
Answer:
The given costs and classification are;
Cost \({}\) Classification
a. Automobile engine \({}\) Direct Material cost
b. Brake pads \({}\) Direct Material cost
c. Depreciation of robotic assembly line equipment Factory overhead cost
d. Glass for front and rear windshields \({}\) Direct Material cost
e. Safety helmets and masks for assembly line workers Factory overhead cost
f. Salary of quality control inspector \({}\) Factory overhead cost
g. Steering wheel \({}\) Direct Material cost
h. Tires \({}\) Direct Material cost
i. Wages of assembly line workers \({}\) Direct labor cost
Explanation:
Direct material cost is the total cost of the materials with which the product is manufactured
Direct labor costs are the total cost of the wages and salaries which the workers directly involved in the production of the goods or the rendering of the service receive
Factory overhead is the operational cost of the production facility that are not directly related to the output or produced materials. Factor overhead are all the other costs excluding the direct labor and material costs.
A business school is considering replacing its copy machine with-a faster model. Past records show that the average student arrival rate is 24 per hour, Poisson distributed, and that the service times are distributed exponentially. The selection committee has been instructed to consider only machines that will yield an average turnaround time (i.e., expected time in the system) of 5 minutes or less. What is the smallest processing rate per hour that can be considered?
A business school is considering replacing its copy machine with-a faster model. The smallest processing rate per hour that can be considered is 12.
To determine the smallest processing rate per hour that can be considered for the copy machine, we need to calculate the service rate based on the desired average turnaround time.
The average service rate (μ) can be calculated using the formula:
μ = 1 / average service time
In this case, the average turnaround time is given as 5 minutes. Since the service times are exponentially distributed, the average service time (1/λ) is equal to the inverse of the service rate (μ).
So, to find the smallest processing rate per hour, we need to find the largest service rate (μ) that corresponds to a 5-minute average turnaround time.
Let's assume λ as the processing rate per hour:
Average service time = 1 / λ
Given average turnaround time = 5 minutes = 5/60 hours
Therefore, 1 / λ = 5/60
To find the smallest processing rate (λ), we can take the reciprocal of both sides:
λ = 60/5 = 12
So, the smallest processing rate per hour that can be considered is 12.
learn more about business here:
https://brainly.com/question/13160849
#SPJ11
An investment banker has recommended a $100,000 portfolio containing assets B, D, and F. $20,000 will be invested in asset B, with a return of 15 percent; $50,000 will be invested in asset D, with a return of 20 percent; and $30,000 will be invested in asset F, with a return of 5 percent. The return on the portfolio is
The return on portfolio, unable to determine because the information provided is insufficient.
What is Financial Management?Financial management is fundamentally the process of creating a business plan and ensuring that it is followed by all departments. A long-term vision may be created with the help of data that the CFO or VP of finance can supply. This data also helps with investment decisions and provides information on how to finance those investments as well as liquidity, profitability, cash runway, and other factors. These objectives can be accomplished by finance teams using ERP software: Accounting, fixed-asset management, revenue recognition, and payment processing are just a few of the financial tasks that are combined in a financial management system. A financial management system ensures real-time visibility into the company's financial situation while streamlining daily operations, such as period-end close procedures.Know more about Financial Management with the help of the following link:
https://brainly.com/question/27559649?referrer=searchResults
#SPJ4
Complete the following sentence.
During the interview, be sure to be
During the interview be sure to be prepared.
Answer:
Positive
Explanation:
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
To learn more about economics market
https://brainly.com/question/27993595
#SPJ1
negative impact of lack of information on local business
Lack of information on local businesses affects decision-making, competitiveness, and development for neighborhood businesses. It leads to client misfortune, declining deals, constrained advancement, and disappointment to meet client desires.
How does a lack of information affect local business?Firstly, without getting opportune and exact information almost showcase patterns, client inclinations, and competitor exercises, businesses may battle to form informed decisions and remain competitive.
This will lead to a misfortune of clients, declining deals, and eventually, money-related insecurity.
Furthermore, the nonattendance of information in almost legitimate directions, industry benchmarks, and developing innovations can ruin development and development openings for nearby businesses.
Additionally, without satisfactory information approximately about shopper needs and input, businesses may come up short to meet client desires, coming about in diminished client fulfillment and dependability.
Learn more about local businesses here:
https://brainly.com/question/27968241
#SPJ1
paid $29,000 cash and signed a $235,000 five-year note to purchase a small office building and land. an appraisal indicated that the building and land contributed equally to the total price.
The individual purchased an office building and land by paying $29,000 cash and signing a $235,000 five-year note. The appraisal suggested that both the land and building contributed equally to the total price.
The individual paid $29,000 cash and signed a $235,000 five-year note to purchase an office building and land. The total purchase price was $264,000. The appraisal indicated that the value of the land and building contributed equally to the total purchase price. This means that the land and the building were each valued at $132,000.
It is common practice to allocate the purchase price between land and building to determine the cost basis for tax purposes. In this case, the allocation would be $132,000 for the building and $132,000 for the land. The cost basis would be used to calculate depreciation and gain or loss on the sale of the property. The individual would also need to consider the interest expense associated with the $235,000 note and any other expenses associated with owning and operating the property.
Learn more about appraisal here:
https://brainly.com/question/32118196
#SPJ11
Some large publishers have stopped publishing children’s books because they are expensive to produce and distribute. This is an example of an offensive strategy. True or false?.
Answer:
False
Explanation:
it cost roughly around 5k to produce 100k+ books and they make roughly 65k
under which of the following conditions should a service provider confirm performance to standards and expectations? the customer cannot evaluate the effectiveness of the service. the decision maker in the service purchase is different from users of the service. the service is performed out of sight of the customer. the customer cannot evaluate the effectiveness of the service and the service is performed out of sight of the customer. all of these choices are correct.
All of these choices are correct. The service provider should confirm performance to standards and expectations when any of these conditions are present.
Under the following conditions, a service provider should confirm performance to standards and expectations:
1. When the customer cannot evaluate the effectiveness of the service
2. When the decision maker in the service purchase is different from the users of the service
3. When the service is performed out of sight of the customer
4. When the customer cannot evaluate the effectiveness of the service and the service is performed out of sight of the customer.
In conclusion, all of these choices are correct. The service provider should confirm performance to standards and expectations when any of these conditions are present.
To know more about service visit:
https://brainly.com/question/30418810
#SPJ11
Assume the market for tennis balls is perfectly competitive. When one tennis ball producer exits the market,.
When one tennis ball producer exits the market, there will be a few changes that take place. The market will be less competitive because there is one less player in it. This will increase the market power of the remaining tennis ball producers.
As a result, they will be able to charge a higher price for their products because there are fewer producers in the market. The price of tennis balls will rise because the supply of tennis balls has decreased, but the demand has remained constant. When a producer exits the market, there will be less supply of tennis balls, which will make it difficult for consumers to find the same quality of tennis balls. This shortage of supply will cause the price of tennis balls to increase. However, if the producer who exits the market was a low-cost producer, then the price of tennis balls may decrease because the remaining producers will have a lower cost of production.
This will allow them to charge a lower price for their products and still make a profit. In conclusion, when one tennis ball producer exits the market, the remaining producers will have more market power and will be able to charge a higher price for their products. This will lead to an increase in the price of tennis balls, but the price may decrease if the producer who exits the market was a low-cost producer.
To know more about Demand and supply visit-
brainly.com/question/1342403
#SPJ11
How would you explain supply and demand to a friend who had never heard of the concept?
Explanation:
demand is the quantity of a good or service a person is willing and able to buy per their interest and income or other factors at various prices in a given period of time.
supply is the amount of a particular product that a firm or seller is willing and able to offer for sale considering factors like price , cost of production, customer preference etc at a give period of time
The various financial scandals that have broken out throughout the years revealed investor trust is slowly diminishing. This mistrust has resulted in the questioning of accounting profession, and their contribution to social welfare. An ethical corporate environment greatly influences moral judgment and encourages everyone to act with honesty and integrity, therefore it is worth examining a firm’s actions in response to fraudulent activities.
In your own words. Write a short answer why this is true and why you agree with the statement.
Yes, it is true that investor trust has been shattered by various financial scandals in the past, leading to the questioning of the accounting profession and its contribution to social welfare. Therefore, it is critical to have an ethical corporate environment that promotes honesty and integrity. When fraudulent activities are discovered in a corporate firm, it is critical to investigate the firm's response to determine if it has taken appropriate steps to address the situation and avoid future occurrences.
In today's world, an ethical corporate environment has a significant impact on the moral judgment of employees. It encourages employees to act honestly, even when it is difficult to do so. An ethical corporate environment encourages ethical behavior in the organization by fostering a culture of honesty, transparency, and integrity. A corporate environment that has high standards of ethics encourages employees to report fraudulent activities and other unethical behavior.
It is critical to investigate a firm's actions in response to fraudulent activities because the investors' trust has been shaken by numerous financial scandals. When a company is caught in fraudulent activity, it is essential to understand its response. It should be determined if the company has taken any measures to address the issue and prevent similar fraudulent activities in the future.
In a financial scandal, the public loses trust in the businesses, which has an impact on the economy as a whole. It has also led to the questioning of the accounting profession and the role it plays in ensuring financial stability. The accounting profession has a responsibility to maintain transparency and uphold the principles of integrity, objectivity, and confidentiality. The accounting profession must keep up with the latest accounting standards, tax laws, and other regulations.
The accounting profession has a significant role to play in social welfare, and it is critical that it upholds high ethical standards. To do so, accounting professionals must be honest, unbiased, and trustworthy. Accountants must make ethical decisions in any situation to maintain public confidence.
Learn more about fraudulent activities here: https://brainly.com/question/33409059
#SPJ11
Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
What is competitive market?A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
To learn more about competitive market refer to:
https://brainly.com/question/8753703
#SPJ4
this is the premium added to the real risk-free rate to compensate for a decrease in purchasing power over time.
This is the premium added to the real risk-free rate to compensate for a decrease in purchasing power over time is the Maturity risk premium.
Maturity risk premium refers to the additional compensation that investors demand holding a longer-term debt security, such as a bond, compared to a shorter-term security. The maturity risk premium compensates investors for the increased risk of default and inflation exposure that comes with longer-term securities.
The maturity risk premium can vary depending on the prevailing interest rates, inflation expectations, and the creditworthiness of the issuer. Higher interest rates and inflation expectations generally lead to higher maturity risk premiums, as investors demand higher compensation for the risk of holding longer-term security in an environment of rising interest rates and inflation.
To learn more about Maturity risk premium visit here:
brainly.com/question/14827805
#SPJ4
Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
Learn more about bad debt at:
https://brainly.com/question/24871617
#SPJ1
The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. this document is called
The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. This document is called Cash receipt prelist.
A clerk is a person who works in an office, typically doing administrative or secretarial work. Clerks are often responsible for keeping records, filing documents, and performing other office tasks.
In some cases, clerks may also be responsible for customer service or sales. Clerks typically work in business or government offices, though they may also be found in other settings such as schools or hospitals.
To know more about Clerk, click here.
https://brainly.com/question/14339707
#SPJ1
What is vulnerability? Give examples of vulnerability and the
mitigation method can be taken to remove it.
Vulnerability refers to a weakness or flaw in a system, process, or infrastructure that can be exploited by malicious actors to gain unauthorized access, disrupt operations, or compromise data integrity and confidentiality. Vulnerabilities can exist in software, networks, hardware, and even human factors.
Software Vulnerability: A software application may contain coding errors or design flaws that can be exploited.
Network Vulnerability: Weak network configurations, unsecured wireless networks, or outdated protocols can leave networks vulnerable.
Social Engineering Vulnerability: Humans can be a weak link in security.
Hardware Vulnerability: Flaws or weaknesses in hardware components can create vulnerabilities. For example, a hardware keylogger inserted between a keyboard and computer can record keystrokes.
Learn more about Vulnerability here:
https://brainly.com/question/15047647
#SPJ11
39. Flexibility is a major component of ergonomic design, mainly because: _______.a. people come in a wide range of shapes and sizesb. people have their own preferencesc. people need to be able to position equipment in different ways for best resultsd. all of these answe
Flexibility is a major component of ergonomic design, mainly because people come in a wide range of shapes and sizes. This means that it is essential for ergonomic design to accommodate the different body sizes, shapes, and proportions of users.
Flexibility also allows users to make adjustments to their workspace or equipment based on their preferences, physical limitations, and the tasks they need to perform. By allowing for adjustability, ergonomic design can help reduce discomfort, fatigue, and injuries resulting from prolonged use of poorly designed equipment. Thus, people need to be able to position equipment in different ways for best results.
Therefore, the correct answer is d. all of these answers.
Know more about ergonomic design here:
https://brainly.com/question/17408983
#SPJ11
Liz just completed a Client Needs Assessment and her client
confirmed that he will require profitability tracking, and need to
create budgets and purchase orders in his accounting solution.
Answer:
QuickBooks Online Plus
The question and multiple-choices
What is the minimum QuickBooks Online version suitable for Liz's client?
QuickBooks Self-Employed QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced PreviousExplanation:
QuickBooks Online Plus is an advanced feature that small business requires to make better management decisions pertaining to their business. The needs of Liz's client of tracking profitability and the need to create budgets can be meet by installing QuickBooks Online Plus.
Other features of QuickBooks Online Plus include
Keep track of financial records, such as invoices and statements.Update and reconcile payments automatically.Generate accurate estimates and convert them into invoices.Estimate project profitability by taking into account cost factors such as labor and job cost expenses. Automate workflows with rule-based remindersIf the price elasticity of supply for pickles is 2 and the price of pickles increases by 10 percent, then the quantity supplied of pickles will increase by
If the price of pickles increases by 10 percent, then the quantity supplied of pickles will increase by 20%.
Increase in quantity suppliedUsing this formula
Increase in quantity supplied=Price elasticity of supply for pickle×Increase in price of pickles
Let plug in the formula
Increase in quantity supplied=2×10%
Increase in quantity supplied=20%
Therefore If the price of pickles increases by 10 percent, then the quantity supplied of pickles will increase by 20%.
Learn more about Increase in quantity supplied here:https://brainly.com/question/9228571
Explain briefly how a person with creative, artistic talent might broaden his or her outlook and find a satisfying career in the field of Consumer Services.
Answer: The most important thing they need to consider is where their strength lies and what they can be very creative with
Explanation:
An artistic person is an individual who has a creative skill. They are several things an artist can look up to carve a niche for themselves. The most important thing they need to consider is where their strength lies and what they can be very creative with. When they have considered these they can look up various fields listed below, they one or more of them
Animator
Art teacher
Cake decorator
Fashion designer
Graphic designer
They need to discover their market in the sector they're going into; who they'll be serving.
These are just few compared to the remaining. The next thing they need to consider is their unique selling point, i.e how they'll be different from others doing it.
When they've considered all these, it'll be easier for them to have a satisfying career in the field of Consumer Services.
How can management best signal the market that a firm is doing well? a) Distribute a liquidating dividend b) Issue additional shares of stock c) Increase the regular dividend amount d) Issue stock to pay the regular dividend e) Replace the regular dividend with a stock dividend
Management can best signal the market that a firm is doing well by increasing the regular dividend amount.
The correct option is C.
By increasing the regular dividend, management indicates that the company has generated sufficient profits and cash flow to distribute higher returns to shareholders.
This signals to the market that the company's financial performance is strong and that it has the ability to sustain and grow its dividend payments over time.
It demonstrates confidence in the company's future prospects and provides shareholders with a tangible reward for their investment. Increasing the regular dividend amount can enhance investor confidence, attract new investors, and potentially boost the company's stock price, thus signaling the firm's positive performance to the market.
To know more about PROFIT
brainly.com/question/29662354
#SPJ11
Max paid $24.05 for 7.4 gallons of gas. he wants to calculate the cost of each gallon of gas. max started his calculations by multiplying the divisor and the dividend by 10. he then set up this division problem: 240.5 divided by 74 how much did max pay for each gallon of gas? $0.0325 $0.325 $3.25 $32.50
Max will pay for each gallon = $ 3.25 ,correct answer is $ 3.25 ,i.e. option C
Max will pay for each gallon of gas :
$240.5 divided by 74 = 3.25
What is divisor and dividend in multiplication?It is defined as the number which is getting divided here is called the dividend. The number which divides a given number is the divisor. And the number which we get as a result is called as the quotient
Simplification of the condition :Based on the given condition let's formulate
24.05 ÷ 7.4
Multiply both the numerator and denominator with the same integer:
= \(\frac{2405}{740}\)
Cross out the common factor: \(\frac{13}{4}\)
Get the result , about how much Max will pay for each gallon of gas = $3.25
How does one do multiplication division?When we divide fractions, we really turn the division problem into a multiplication problem by turning the divisor (the second fraction) the wrong way up (switching its numerator with its denominator) and changing the division sign to a multiplication sign at the present time
Learn more about multiplication division :
brainly.com/question/28768606
#SPJ9
Answer: it is C brain list
Explanation:
i m smart i be work hard to get one
what annual rate of return is earned on a $1,000 investment when it grows to $2,000 in six years? (do not round intermediate calculations. round your answer to 2 decimal places.)
The annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years is 11.61%.
Step-by-step explanation:
We are required to determine the annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years. Let us denote the annual rate of return as r.
Therefore, we can say that $1,000 grows to $2,000 in six years with an annual rate of return r if,$$2,000=1,000(1+r)^6$$
On simplification of the above equation, we get,$$(1+r)^6=2$$
Now, taking the logarithm on both sides, we have,$$6 \log(1+r)= \log(2)$$$$\Rightarrow
r = \frac{\log(2)}{6}$$$$\Rightarrow
r = \frac{0.693}{6}$$$$\Rightarrow
r = 0.1151$$
Therefore, the annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years is 11.61% (rounded to 2 decimal places).
Learn more about annual rate of return here: https://brainly.com/question/28312388
#SPJ11
True or false? the nominal interest rate on a risk-free investment is approximately equal to the sum of the real rate of interest plus an inflation premium.
Answer:
True
Explanation:
A real rate of interest is the compensation paid by the borrower of funds to the lender. A nominal rate of interest is equal to the sum of the real rate of interest plus the risk free rate of interest. Risk-free rate of interest is equal to the sum of the real rate of interest plus an inflation premium.
Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
Learn more about Robbery, here:
https://brainly.com/question/19151712
#SPJ2
An instrument used to enlarge or reduce a map is known as
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
Question 11 Interest Payable Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? A. Liability Balance Sheet Debit No B. Liability Balance Sheet Debit Yes C. Liability Balance Sheet Credit No D. Liability Balance Sheet Credit Yes
Interest Payable type of account appears on Liability Balance Sheet. The normal balance is credit and the account is closed. The correct option is (C) Liability Balance Sheet Credit No.
Interest payable is the money that a company owes in the form of interest on any outstanding loans. Interest payable arises out of a company's debt, such as bonds, loans, and other forms of debt. It's a liability account that shows how much interest is owed but hasn't yet been paid.
The Interest Payable type of account is classified as a liability account on the balance sheet. This account represents an amount of money owed to an external party. The interest payable account is frequently used in businesses that have borrowed funds and must pay periodic interest payments.
The balance sheet is one of the company's financial statements, showing its financial position at a given point in time. The balance sheet is a summary of all the company's assets, liabilities, and equity at a certain point in time.
To learn more about "Interest Payable" visit: https://brainly.com/question/16134508
#SPJ11
If the local government imposed a minimum wage of $4 in productionville, how many people would be unemployed
If the local government imposed a minimum wage of $4 in production Ville, then employment will decrease by 0.
Who among the following would be counted as unemployed?
If a person does not have a job, has actively sought employment during the previous four weeks, and is currently eligible for employment, they are considered to be unemployed.
How do we figure out the unemployment rate?
To find the proportion of unemployed people, divide the number of unemployed people by the total workforce, and multiply the result by 100.
What is considered the natural rate of unemployment?
Many people believe that a rate of unemployment between 4% and 5% indicates full employment and is not very alarming. The lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment.
Learn more about Unemployment: https://brainly.com/question/14227610
#SPJ4