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dimaraw [331]
2 years ago
5

Why did the Confederation Congress have trouble meeting its financial obligations needed to fund government business

Business
1 answer:
Lina20 [59]2 years ago
7 0

Because it did not have the power to levy taxes.

<h3>What is levy taxes?</h3>

A levy is the formal taking of your assets to pay off a tax debt. Liens are distinct from levies. A levy actually takes the property to pay the tax bill, whereas a lien only makes a legal claim against the property to secure payment of the tax debt.

Why did the Confederation Congress have trouble meeting?

The Confederation Congress struggled to satisfy its financial responsibilities needed to sustain government operations because it lacked the authority to charge taxes.

Learn more about levy taxes here brainly.com/question/2631725

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Monopoly insurance is the only company marketing a certain line of insurance in a state. after complaints from several consumers
Rama09 [41]
It makes the biloating rating obecyive monplly to the form of the inverstjgatdd
6 0
3 years ago
In the economy of Mankewistan in 2015, consumption was $6000, exports were $1000, GDP was $10,000, government purchases were $18
hodyreva [135]

Answer:

$2,400

Explanation:

We know that

GDP = Consumption + Investment + Government purchase + Net exports

where,  

Net exports = Exports - imports

                    = $1,000 - $1,200

                    = -$200

Now the investment is

$10,000 =$6,000 + Investment + $1,800 - $200

$10,000 = $7,600 + Investment

So, the investment equal to

= $2,400

6 0
2 years ago
On the statement of cash flows, the cash flows from operating activities section would include a. receipts from the issuance of
klio [65]

Answer:

c. payment for interest on short-term notes payable

Explanation:

Cash flow statement shows positive and negative cash flows that result from activities of a business. It is divided into 3 parts: cash flow from operating activities, cash flow from investing activities, cash flow from financing activities.

Cash flows form operations involves cash flows from regular business activities. A positive change in assets represents an outflow and a negative change in liability represents an inflow.

Items considered under operating activities include inventory, accounts receivable, accrued revenue, accounts payable, and tax liabilities.

Payment for interest on short-term notes payable is a account payable item, so it is included in cash flow from operations

8 0
2 years ago
An investor sold 100 shares of ran common stock short at $50 per share. the ran is now at $38. the investor is still bearish on
Anni [7]

If the investor is my client, i will advise him to enter a buy stop order at $40.

<h3>What is the buy stop order?</h3>

In the share market, these are protective tool that are mainly for short sellers.

Now, as the stock should begin to rise from its current price of $38, once it reaches or exceeds $40, a buy order at the market is entered.

Hence, the stock purchased is used to cover the short position and the investor's profit is the $50 sale price minus the cost of the purchase.

However, because the investor is short term person, the only protective order would be a buy and not a sell.

Therefore, i will advise him to enter a buy stop order at $40

Read more about buy stop order

<em>brainly.com/question/14206094</em>

#SPJ1

7 0
2 years ago
On January 1, 2020, Piper Corp. purchased 40% of the voting common stock for of Betz, Inc. for $2,000,000 and appropriately acco
Neko [114]

Answer:

$57,600

Explanation:

The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-

Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)

= ($720,000 - $240,000) × 40%

= $480,000 × 40%

= $192,000

Now, the rise in Piper's deferred income tax liability for this temporary difference is

Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate

= $192,000 × 30%

= $57,600

6 0
3 years ago
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