Which of the following best summarizes the argument in favor of microfinance?
A) Microfinance ultimately leads to greater tax revenues for national governments.
B) Recently, mainstream banks have begun to view microfinance as the prime driver of advanced economies.
C) Microfinance allows the underprivileged to create businesses and improve their lives.
D) Microfinance alleviates the pressure on MNEs to support developing economies.
C
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Katie's Wedding Planning Service completed the following transactions:
a. Billed clients for service, $1,250. b. Completed work for clients $200 on account. c. Received a bill for utilities to be paid later, $120. d. Collected $700 cash for services performed. e. Paid the amount due for utilities. f. Withdrew $500 cash for personal use. Required: Record the above transactions in the expanded accounting equation. Note that the items have beginning balances. Katie's Wedding Planning Service ASSET ASSET = LIAB. OWNER'S EQUITY Cash + Accts.Rec. = Accts Payable Katie, Capital +Rev. -Exp -Katie With. beg. $800 $85 = $300 $235 $900 $400 $150 a. b. c. d. e. f. T What will be an ideal response?
Discuss how intellectual property is different from other kinds of property