People whose incomes fluctuate smooth consumption by adjusting their spending patterns and saving during periods of higher income to compensate for periods of lower income.
Individuals whose incomes fluctuate, such as salespeople, writers, and homebuilders, often face irregular income streams due to the nature of their professions. To ensure a more stable and consistent level of consumption, they employ various strategies to smooth out their consumption patterns. One common strategy is budgeting and careful financial planning. These individuals develop budgets that take into account both their average income and their anticipated fluctuations. They set aside a portion of their higher-income periods to create a cushion that can be used during leaner times. By saving during periods of high income, they create a reserve that can support their desired level of consumption during periods of lower income.
Another strategy is diversifying income sources. People with fluctuating incomes often seek to diversify their revenue streams to minimize the impact of income fluctuations. For example, a writer may engage in freelance writing projects, teach writing workshops, or pursue other related activities to supplement their income. This diversification provides a more stable income base and reduces reliance on a single source. Additionally, maintaining an emergency fund is crucial for individuals with fluctuating incomes. An emergency fund acts as a safety net during periods of low income or unexpected expenses. It allows individuals to cover their essential expenses without resorting to drastic measures or incurring debt.
Overall, individuals with fluctuating incomes smooth consumption by employing strategies such as budgeting, saving during high-income periods, diversifying income sources, and maintaining emergency funds. These approaches help them manage their finances more effectively, maintain a consistent level of consumption, and mitigate the impact of income fluctuations.
To learn more about income click here:
brainly.com/question/14732695
#SPJ11
After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p e x quiz now!!! don't have time to be chasing a link!
A. Journal entries
B. Credits
C. Adjustments
D. debits
Answer:
A
Explanation:
After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.
Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books.
Answer:The answer is C
Explanation:
Just took the test
HELP PLEASE, THIS IS TIMED!!!!!!
Explanation:
I think the answer it's c
If an american-based firm opens and operates a new clothing factory in honduras, then it is engaging in:.
Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never
Answer:
A. This common law offer will expire after a reasonable period of time.
Explanation:
Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned
Therefore the correct option is a.
Hey Ya'll!
Help me answer!
-Explain deeply on the below:
-Liabilities
-Assets
-Capital
Ty!Good Day! [✖‿X]
_______________________________________________________
liabilities--- liabilities means the amount which the enterprise owes either to the outsiders or the proprietors
Assets --- assets are the property or legal rights owned by an entity (enterprise, organisation, or individual) to which money value can be attached. anything which will be enables the entity to get cash or benefit in the future is an asset.
capital -- capital means the amount ( in terms of money or assets having money value ) which the proprietor have invested in the business and claim from it.
hope you like the answer ....
The steps used by businesses to develop a customer profile survey include___.
O market research
O surveys
O marketing mix
O individualize
Answer:
A,B, D:
Market Research
Surveys
Individualize
I just got a 100 on this quiz
The steps used by businesses to develop a customer profile survey include surveys.
What are Surveys?In order to gather information about a service, product, or process, a survey is described as the act of looking at a process or questioning a predetermined sample of people.
Surveys used to gather data ask a specific set of people about their beliefs, actions, or knowledge.
Further Surveys provide a rich collected data or learning ability more in areas like demography and social research. Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys may have narrow, specialized objectives or they may have more general, extensive objectives.
Therefore for business to develop customer profile survey they start with market survey & make results out of it.
To know more about Surveys refer:
https://brainly.com/question/20116544
#SPJ2
Henry recently set up a retail store in his hometown. He studied the pattern that other storeowners followed in obtaining new customers. All their current customers had referred the store to their friends and family. Their awareness basically spread through word-of-mouth. Henry knew that his store offered the same quality as the other stores did. His store was also on the same street as the other retail stores. Given the setting, the other storeowners were already charging their customers the bare minimum in order to remain competitive. Which P of marketing should Henry concentrate on to distinguish his retail store?
Answer :
Promotion is the P of marketing Henry may focus on to differentiate his retail shop.
Explanation :
In marketing, there are seven (7) P's that make up the marketing mix. The four (4) most important P's in the marketing mix are P-product, P-price, and P-place. P-promotion According to the text, Henry cannot utilize the first P, which stands for product, because he is aware that his store offers the same quality as the others.
Henry can't utilize the second P, Price, as a marketing technique since he knows that other business owners are already charging the bare minimum to stay competitive. Henry can't utilize the third P, which stands for Place, because his business is on the same street as the other retail stores, and he can't improve on that. Henry's lone marketing tool for beating the competition is the fourth P, which stands for Promotion.
This is because word-of-mouth knowledge established by other business owners is insufficient to create widespread awareness; word-of-mouth can only reach friends and relatives. As a result, the P in marketing that Henry may use is Promotion. He may achieve this by creating global awareness through advertisements on television, radio, social media, printing handbills, and sales promotions such as lottery draws, festive sales, clearance discounts, and offering consumers bonuses such as the buy three, get one free promotion.
What impact will higher wages have on the labor force participation of women? 
Young black women with college degrees had the highest lifetime incomes but lower labor force participation rates.
In comparison to men, women have fewer opportunities to make money globally. Women are less likely to actively search for work or do paid labor. Compared to 80% of men, only slightly more than 50% of women in the world work. People's labor force involvement varies depending on demographic parameters such sex, birth year, education, marital status, and the presence of young children at home. Low female labor force participation in India is a complex socioeconomic phenomenon caused by factors like rural-urban migration, patriarchal attitudes, and an imbalance in supply and demand. Wages Increase for Men and Women When More Women Work. based on data from 250 U.S. cities over 30 years. The greatest major economic shift during the previous century was probably the rise of women in the paid employment.
To know more about wages on
https://brainly.com/question/29350980
A bona fide occupational qualification defense requires that the employer demonstrates that a ______ is an essential necessity for the job.
A bona fide occupational qualification defense requires that the employer demonstrates that a certain characteristic is an essential necessity for the job. This means that the employer can legally justify a job requirement that may seem discriminatory based on factors such as gender, religion, or national origin.
1. The concept of a bona fide occupational qualification (BFOQ) is a defense that employers can use when facing a claim of employment discrimination.2. The BFOQ defense allows employers to impose a job requirement that would typically be considered discriminatory if they can demonstrate that it is a necessary qualification for the job.3. The requirement must be directly related to the ability to perform the essential duties of the job.4. To successfully use the BFOQ defense, the employer must show that the characteristic they are using as a qualification is reasonably necessary to the normal operation of the business or enterpris.
.5. It is important to note that not all characteristics can be considered a bona fide occupational qualification. The BFOQ defense is limited to situations where the requirement is essential for the job, and there is no alternative way to perform the duties effectively.6. Examples of situations where the BFOQ defense may be used include hiring male actors to play male characters or requiring certain physical attributes for jobs that involve strenuous physical labor.7. However, the BFOQ defense is subject to strict scrutiny by courts, meaning that the employer must provide a strong justification for the requirement.8. In summary, a bona fide occupational qualification defense requires the employer to demonstrate that a particular characteristic is an essential necessity for the job, and it must be directly related to the ability to perform the essential duties of the job.
To know more about bona fide occupational qualification defense visit:
https://brainly.com/question/30021859
#SPJ11
An economic model is useful only if it: ______________
a. yields accurate predictions.
b. contains no positive statements.
c. captures all the complexities of reality.
d. has both macro- and microeconomic applications.
Answer:
b. contains no positive statements.
An economic model is useful only if it contains no positive statements. Hence, option B is correct.
What is an economic model?An economic model is a condensed description of reality that produces testable hypotheses about how the economy will behave. An key element of an economic model is that it is necessarily subjective in construction because there are no objective assessments of economic results.
Visual models, mathematical models, empirical models, and simulation models are the four types of models used in economic analysis.
Supply and demand is one of the most well-known and traditional examples of an economic model. According to the idea, a product's price will go down as supply increases and vice versa. Additionally, it states that a product's price will rise if demand for it rises, and vice versa.
Thus, option B is correct.
For more information about economic model, click here:
https://brainly.com/question/14839877
#SPJ2
When the direct write-off method is used in accounting for uncollectible accounts, any uncollectible account is written off against the: Group of answer choices allowance account sales account bad debt expense account accounts receivable account
Answer:
sales account
Explanation:
because the direct write off method is used in accounting for uncollectible accounts
which economic system does not contain provisions for taking care of people in the event they are not able to take care of themselves? which economic system does not contain provisions for taking care of people in the event they are not able to take care of themselves? socialist economy market economy command economy traditional economy
Market economy does not contain provisions for taking care of people in the event they are not able to take care of themselves
There are no arrangements in the market economy for caring for people if they are unable to care for themselves. This is dependent on the free market's ability to allocate resources and set prices, as well as on the actions of individuals and corporations. According to others, this could result in a situation where people who can't take care of themselves, such as the old, the disabled, or people with low means, are left without enough support.
Although the scope and character of these laws might differ widely depending on the nation and its political and social environment, market economies normally do contain measures for resolving these challenges. Many market economies offer safety net programs like unemployment insurance, food stamps, and public housing to assist individuals in need. The private sector also frequently offers philanthropic services and other kinds of assistance.
Read more about Market economy on:
https://brainly.com/question/11471834
#SPJ4
The economic system that does not contain provisions for taking care of people in the event they are not able to take care of themselves is the market economy.
In a market economy, goods and services are allocated through the price system in a free market, where individuals and businesses are free to buy and sell goods and services without government interference. The primary goal of a market economy is to create incentives for individuals and businesses to produce goods and services in order to maximize their profits.
This means that there are no government-funded social programs to provide assistance to those who are unable to care for themselves. Instead, individuals and businesses must rely on their own resources and the voluntary exchange of goods and services within the market. This lack of government support can be a difficult situation for those who are unable to take care of themselves, as there may not be any resources available to them.
Learn more about economic system:
https://brainly.com/question/3161916
#SPJ4
helen likes fiber one cereal and eats fiber one almost every morning. when she went to the grocery today, there was no fiber one on the shelf. according to research, how does a customer like helen typically view a product that is out of stock?
The way that a customer that is like Helen would view a product that is out of stock would be: The stockout will lead the customer to buy an item that is similar to the out-of-stock item.
What does it mean to be out of stock?An inventory state known as "out of stock" indicates that a product is not now available for purchase or use. A company may lose a sale if an item is out of stock, hence these products are frequently checked. When inventory is low, a company may offer to sell a substitute item or backorder products until they become available later.
When the planning system has not incorporated enough safety stock, an out-of-stock situation may occur. It can also happen when client demand exceeds expectations and all available stock is used up. This happens frequently with fashion items in particular since they might experience brief spikes in demand.
Read more on out of stock here:https://brainly.com/question/26128641
#SPJ1
Self-motivation is a very important quality that employers look for. Being ready to complete assigned tasks without having to be told and working hard are factors in a successful career. Explain why being careful to pick our career path can help us maintain motivation when we enter the work force.
Answer:
if you pick a job you really dont like you're not gonna go to it clock in none of that picking a job you like and comfortable with you'll want to go everyday and give 110 percent
Answer:
Actually enjoying doing a job can give you a lot more motivation than doing one you hate. Be careful to pick a job you'll actually enjoy so you'll have a reason to work hard for it.
10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
To know more about goals, visit:
https://brainly.com/question/25534066
#SPJ11
Which people in government and public administration act as first responders during emergencies?
Law enforcement professionals, such as ________, act as the country’s first responders during emergencies, such as natural disasters.
Answer:
see below
Explanation:
Law enforcement professionals, such as firefighters, emergency medical technicians (EMT's), state police offices, and paramedics, act as the country's first responders during emergencies and natural disasters. The U.S. marshals, deputy marshals, and the military may also be called depending on the gravity of the disaster.
The law enforcement professionals' core mandate is to protect citizen's lives and property. During emergencies, law enforcement agencies are always called upon to execute their mandate with speed and the utmost care.
a. In today's environment, explain which is more important to organizations efficiency or effectiveness.
b. Explain the two types of problems and decisions Contrast the three decision-making conditions.
c. Explain what studies have shown about the relationship between planning and performance
d. Describe the six steps in the strategic management process
e. Would a good manager be a good entrepreneur? Discuss
In today's environment, efficiency and effectiveness both play crucial roles in organizational growth. Efficiency is the ability of an organization to perform tasks with minimum time, effort, and resources.
It emphasizes on optimizing the existing processes by reducing wastage. It focuses on reducing costs and increasing profits. Organizations have to work effectively to achieve their goals. Effectiveness is the ability of an organization to deliver the right products or services at the right time to the right customers.
There are two types of problems and decisions: Structured and unstructured. Structured problems have clear and defined solutions, while unstructured problems lack clear solutions. Structured decisions are those that are based on a set of rules, whereas unstructured decisions rely on personal judgment and intuition.
To know more about efficiency visit:
https://brainly.com/question/30327019
#SPJ11
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91
Answer:
b. 22.38
Explanation:
The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41
Year-end receivables = $60,000
Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38
The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.
Therefore, Company DSO - credit period = 67.38 - 45 = 22.38
Since the difference is positive, it is a late payment
If aggregate demand shifts to the left by $400 billion and aggregate supply is upward- sloping, then real output will decrease by Less than $400 billion, and the price level will fall. $400 billion, and the price level will fall. O More than $400 billion, and the price level will not change. $400 billion, and the price level will not change.
If the aggregate demand shifts to the left by $400 billion and aggregate supply is upward sloping, then the real output will decrease by less than $400 billion, and the price level will fall.
In the short run, a reduction in aggregate demand leads to a leftward shift in the AD curve, causing a drop in the price level and real national output. In the short run, the AD curve is downward sloping because it indicates a negative correlation between the price level and the quantity of real GDP produced.
Aggregate supply curves are often upward sloping in the short run because the quantity of aggregate output supplied rises as the price level increases. However, this positive correlation between price and output is not enough to offset the negative correlation between output and the price level created by the leftward shift in aggregate demand.
As a result, in the short run, a reduction in aggregate demand causes a decrease in real output and a decline in the price level. Hence, if the aggregate demand shifts to the left by $400 billion and aggregate supply is upward- sloping, then real output will decrease by less than $400 billion, and the price level will fall.
To learn more about correlation visit:
https://brainly.com/question/30116167
#SPJ11
HELP!
While drilling metal, Ben poured oil over the area. Which best explains why he did this?
Ben was trying to reduce fluid friction.
Ben was trying to reduce kinetic friction.
Ben was trying to increase fluid friction.
Ben was trying to increase kinetic friction.
Answer:
B. Ben was trying to reduce kinetic friction
Hope it works!
Explanation:
While drilling metal, Ben poured oil over the area, and Ben was trying to reduce kinetic friction. Therefore option B is correct.
What is Kinetic friction?The kinetic friction force, also known as sliding friction, only affects moving objects (thus the term "kinetic"). Pushing a box across floorboards is an example of this force opposing sliding motion. This sort of friction has a particular coefficient of friction (such as rolling friction).
Static friction, which is the resistance to motion brought on by the friction between a motionless item and a surface, is the other main type of friction that occurs between solids. The force of friction is weaker for items that are already moving because the coefficient of static friction is often greater than the coefficient of kinetic friction.
To learn more about Kinetic friction follow the link.
https://brainly.com/question/17853415
#SPJ6
Financial institutions pay___
to you for letting them use your money.
A. maintenance costs
B. interest
C. penalties
D. fees
Answer: B
Explanation: I work for a bank.
Financial institutions pay interest to a person for letting them use the money of any other person or institutions.
What are the financial institutions?Financial institutions are also called as the banking institutions that provide the finance to the person who needs it, and these institutes are business concern entities that render employments as intermediators for different kinds of financial monetary system transactions.
For allowing a person to use the money of another person or entity, financial institutions pay interest.
Therefore, option B is correct.
learn more about the interest, refer to:
https://brainly.com/question/1040694
#SPJ2
Delon needs to modify the style of his form elements in Access 2016. Which tab in the ribbon should he use to apply Quick styles to a form? Form Design Tools > Design Form Design Tools > Arrange Arrange Form Design Tools > Format
Answer:
Form Design Tools > Format edg 2021
Explanation:
Form Design Tools> Format is the style Delon needs to modify the form of his elements. Thus, option D is correct.
What is a design tab?The Table Tools contextual tab will appear on the ribbon when you insert or select a table in Microsoft Publisher . You can easily arrange your table, add or remove rows and columns, set the alignment of cells, and format the typography of the text in your table using the two options on this tab, Design and Layout.
Table formatting, cell and table borders, placement of the table on the page, and table size are all included in the Design tab. You can manage the design and appearance of your presentation using the commands on the Design Tab. You can choose a theme from the ones that are offered, and you can alter the color schemes as well. The use of themes streamlines the process of developing polished presentations.
Learn more about design tab here:
https://brainly.com/question/29832130
#SPJ2
During the economic periods of ____ , the economy is at its highest point and unemployment is low, in addition, total income is high and consumers are willing to buy products and services.
Answer:
Prosperity.
Explanation:
This can be tagged to be an economic period or stage in fluctuation, contraction and other factors affect the growth of a business or a certain economy. Example can be seen when your business generally follows the same economic cycle as the others does in the economy, then warning signs of an impending recession suggest that it is not a good time for you to broaden or create new growth grounds. This cycle help a business organisation protect against downturns, and position themselves to gain maximum merits of economic expansions.
Calculate the expected healthcare cost - e(cost) - under this scenario (round to two decimal places; use numbers only; do not put a $ before the numbers):
Under this scenario, the estimated cost of healthcare is $2,046.62.
We need to divide the probability of each outcome by the cost of that outcome to get the expected cost of healthcare.
Given:
- The likelihood of remaining healthy: 0.83
- Likelihood of becoming ill: 1 - 0.83 = 0.17
- How much it costs to stay healthy: $0
- Sickness expenses: $24,671.82
We use the following formula to determine the anticipated cost:
E(Cost) = (Probability of Staying Healthy * Cost of Staying Healthy) + (Probability of Getting Sick * Cost of Getting Sick)
E(Cost) = (0.83 * $0) + (0.17 * $24,671.82) = $0 + $4,192.26 = $4,192.26 However, due to the fact that the question requires an answer that is rounded to two decimal places and does not include a dollar sign, the anticipated cost of healthcare is
This estimation considers the probabilities of remaining solid (83%) and becoming ill (17%), alongside their individual expenses. Taking into account the probabilities and costs associated with each outcome, the expected cost represents the average amount spent over the course of time.
To know more about Cost, visit
https://brainly.com/question/33697859
#SPJ4
The complete question is
Calculate the expected healthcare cost - E(Cost) - under this scenario (round to two decimal places; use numbers only; DO NOT put a $ before the numbers): Outcome Probability Cost Stay Healthy 0.83 $ 0 Get sick. 1-0.83 $24671.82
Job satisfaction can be lost for all of the following reasons EXCEPT:
a.
Lack of opportunities for promotion
b.
Bickering with co-workers
c.
Being recognized for a job well done
d.
Having little or no say in decisions that affect you
Answer:
Being recognized for a job well done
Explanation:
TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
who is responsible for supervising the construction work? (check all that apply)
The responsibility for supervising construction work typically falls on a project manager or construction supervisor. (options 1 and 2)
They are the ones who oversee the various contractors and workers involved in the project to ensure that the work is completed safely, efficiently, and according to the project specifications and timeline.
The supervisor's duties may include tasks such as scheduling and coordinating work crews, monitoring progress and quality of work, ensuring compliance with safety regulations and building codes, and addressing any issues or delays that arise during the construction process. They must also communicate effectively with clients, architects, and other stakeholders involved in the project to ensure that everyone is on the same page and that the project is completed successfully.
Learn more about Construction Work:
https://brainly.com/question/14639910
#SPJ4
Complete Question:
who is responsible for supervising the construction work? (check all that apply)
Project ManagerConstruction SupervisorClientStakeholdersReceived this response on a cash confirmation, "Information is furnished as a matter of courtesy without a duty to do so and without responsibility, liability, or warrant, expressed or implied". The bank balance was correct and matched. Would this confirmation still be persuasive and reliable? why or why not?
The cash confirmation may still be persuasive and reliable despite the disclaimer because the bank balance was correct and matched. However, the disclaimer indicates that the information provided is done so as a courtesy and without any legal responsibility or liability.
In this context, a cash confirmation is a process where a third party, such as a bank, confirms the amount of cash or cash equivalents held by an entity. This confirmation is often used as evidence in audits or financial statement reviews to provide assurance about the accuracy of financial information.
The disclaimer in the response means that the bank provided the information voluntarily and without any legal obligation to do so. It also states that the bank is not responsible for any errors or omissions in the information provided.
While the disclaimer may reduce the weight given to the confirmation, the fact that the bank balance was correct and matched indicates that the information is likely reliable. However, it is important to consider the context and the purpose of the confirmation when assessing its reliability and persuasiveness.
Learn more about cash confirmation here:
https://brainly.com/question/31457749
#SPJ11
On November 1,2019 , Yellow Grove Co. sold $45,000 of goods and accepted a note bearing 8% interest. The note was due in one year. Required: a. Prepare the journal entry for accrued interest on December 31, 2019. b. Record the collection of the note on October 31, 2020 Date ____ Account Title ____ Debit ____ Credit ____
a. Prepare the journal entry for accrued interest on December 31, 2019. Date Account Title Debit Credit December 31, 2019 Interest Receivable $1,200 Interest Revenue $1,200
b. Record the collection of the note on October 31, 2020.Date Account Title Debit Credit October 31, 2020 Notes Receivable$45,000 Interest Receivable$1,200 Cash$48,600
Since the note was due in a year, then 8% of the amount of $45,000 is the interest receivable. Thus,Interest Receivable = $45,000 x 8%Interest Receivable = $3,600/12 Interest Receivable = $300 per month Since interest is accrued annually, therefore for 2 months it would be 2 x $300 = $600 and that is the debit entry on December 31, 2019. The credit entry is to the interest revenue account.
Since the note amount is $45,000 plus interest payable of $1,200, the total cash collected from the note is $46,200. The debit entry is to notes receivable for $45,000 and the debit entry for the interest receivable of $1,200. Cash would then be credited with the total amount of $46,200. The journal entry for the collection of the note is given above.
To know about interest visit:
https://brainly.com/question/30393144
#SPJ11
Under what circumstances is corruption in sport more likely to
occur
in order to determine the outcome of a bet according to the
literature
summarized in Chapter 4 of the Handbook on the Economics of
Corruption in sport is more likely to occur under certain circumstances that create opportunities for manipulation and illicit activities. The literature summarized in Chapter 4 of the Handbook on the Economics of Sport highlights several factors that contribute to the likelihood of corruption in sport.
One significant factor is the presence of large financial incentives. When there is a substantial amount of money at stake, such as in high-profile events or lucrative competitions, the temptation for individuals involved in sport to engage in corrupt practices increases. This includes players, coaches, referees, and even administrators who may be swayed by the potential financial gains. Another factor is weak governance and inadequate regulation. Sports organizations that lack transparency, accountability, and effective enforcement mechanisms are more susceptible to corruption. Insufficient oversight and loopholes in regulations create an environment where illicit activities can thrive without proper detection or punishment.
Furthermore, the literature suggests that corruption in sport is more likely to occur in countries or regions with higher levels of income inequality, weak rule of law, and limited resources for law enforcement. These socio-economic factors contribute to an environment where individuals may resort to corruption as a means of gaining unfair advantages or securing personal benefits.
Overall, corruption in sport is more likely to occur when there are financial incentives, weak governance and regulation, and socio-economic factors that facilitate illicit activities. Recognizing these circumstances is crucial for implementing effective measures to prevent and combat corruption in the sporting world.
To know more about Corruption visit :
https://brainly.com/question/15270178
#SPJ11