Answer:
The correct answer is: taxes and government spending.
Explanation:
The government can reallocate resources from private and public goods through taxes and government spending. The government can reduce spending on private goods by imposing taxes.
It can increase the allocation of public goods by using these tax earnings to spend on public goods through government spending. In this way, the government can reach the efficient allocation of resources.
Answer:
A. Debit Cash $1,000 and Debit Accounts Receivable $5,000 and Credit Fees Income $6,000
Explanation:
When revenue is earned and cash is paid, debit cash and credit revenue. However, when revenue is earned and cash is yet to be paid, debit accounts receivable and credit revenue.
Hence, given that Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amount.
Entries required are
Debit Cash $1,000
Debit Accounts Receivable $5,000
Credit Fees Income $6,000
Answer:
cumulative discounts
Explanation:
Options:
- A) allowance
- B )cash
- C) seasonal
- D) noncumulative
- E) cumulative
A cumulative discount refers to a company offering a discount in the sales price of an item or items if the total purchase is higher than a certain threshold. It is similar to offering discounts for buying in bulk (which refers to quantity), only that this type of discount is offered to customers that purchase over a certain amount of money.
Answer:
False (B)
Explanation:
Long-term borrowing & repaying cash from lenders
Long-term borrowing will be classified under financing activities as it represents capital sourced from loan investors (e.g Bondholders,Banks e.t.c). As for repaying cash from lenders, capital repayment will be classified under financing activities while interest is recognized either under operating or financing activity.
Cash investments by or dividends paid to stockholders.
Cash investment by stockholders will be categorized under financing activities while dividend paid can either be categorized as operating or financing activity.
Answer:
new net worth = 79.2 billion
Explanation:
given data
net worth = $76.0 billion
gains = $3.20 billion
to get here
new net worth
solution
we get here new net worth that is express as
new net worth = net worth + gains .............................1
put here value and we will get here
new net worth = $76.0 billion + $3.20 billion
new net worth = 79.2 billion
