In monetary policy, reference to a zero bound on interest rates means that the central bank can no longer reduce the interest rate to encourage economic growth. As the interest rate approached the zero bound, the effectiveness of monetary policy as a tool was assumed to be reduced.
Answer:
$400,000
Explanation:
Since at December 31, Year 5, Tedd's tax advisor believed that an unfavorable outcome was <u>probable</u>. And a <u>reasonable estimate </u>of additional taxes was $400,000 but could be as much as $600,000.
Although after the Year 5 financial statements were issued, Tedd received and accepted an IRS settlement offer of $450,000.
Tedd should have included an amount of $400,000 as accrued liability in its December 31, Year 5 balance sheet
The reason is that according to the International Financial Reporting Standards, a PROVISION must be made as long as the conditions below were obtainable at year end.
- Existing Condition (which in this case is the tax dispute with the IRS)
- Probable Cash Outflow (which Tedd's Tax adviser confirmed)
- Reliable Estimate of Outflow ( which the scenario stated ''A reasonable estimate of additional taxes was $400,000'')
Hence, such 'reasonable estimate is the appropriate amount for inclusion in the financial statements.
Increases and supply does not change, when demand does not change and supply increases.
Answer:
<em>An interview</em>
Explanation:
An interview can be <em>described as a discussion between two or more individuals in which a individual is asked questions in order to get the answers or answers they need.
</em>
It enables in creating the employee-company relationship.It enables the employee evaluate his abilities and understand where he is lacking and where he requires enhancement.
Answer:
This choice confirms Georg Simmel's theory that says that <u>DEPERSONALIZED EXCHANGE</u> is part of a historical evolution of the economy that has many advantages.
Explanation:
Simmel was a German sociologist that studied social theories about living in large cities and how it changes their social interaction. In Simmel's view, social relationships have been altered by money and what money represents in modern economies. According to him, individuals will choose money over personal relationships and other needs.
In this case, Samara prefers cash instead of other goods that could satisfy her needs, since she knows she can use money to exchange for other goods or services.
