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3 years ago

Reductions in private spending as a result of increased government spending and borrowing is called

1 answer:

7 0

The answer is crowding out. Crowding out refers to the reducing in private spending as the end result of the increasing government acquisitions or borrowing. It is a situation wherein the personal consumption of merchandises and amenities, as well as savings by business are reduced because of the government’s spending and lack of resources, which results to the hoarding or sucking up of offered commercial properties and the rise of interest rates.

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The following note transactions occurred during the year for Towell Company: Nov. 10 Towell issued a 90-day, 9% note payable for

Pani-rosa [81]

Answer: See explanation

Explanation:

The general journal entries necessary to adjust the interest accounts at December 31 will be:

1. December 31:

Debit: Interest Expenses = $8,000 × 9% × 51/ 360 = $102

Credit: Interest payable = $102

(To accrue interest expenses for the note issued on November 10).

2. December 31:

Debit: Interest Expenses = $12,000 × 10% ×30/360 = $120

Credit: Interest payable = $120

(To accrue interest expenses for the note issued on December 1)

3. December 31:

Debit: Interest Expenses = $12,000 × 10% × 11/360 = $36.67

Credit: Interest payable = $36.67

(To accrue interest expenses for the note issued on December 20).

3 0

2 years ago

Jo is duly notified that her mortgage with Fund All Savings has been transferred to Big Loan Co. and that she should henceforth

Likurg_2 [28]

Answer:

Option D; JO IS LIABLE TO BIG LOAN CO. SINCE SHE RECEIVED A NOTICE FROM THEM ABOUT THE ASSIGNMENT.

Explanation:

A mortgage is a loan provided by a mortgage lender or a bank that enables an individual to purchase a home.

Mortgage payments usually occur on a monthly basis and consist of four main parts: principal, interest, taxes and insurance.

A transfer of mortgage is the reassignment of an existing mortgage, usually on a home, from the current holder to another person or entity.

When mortgage is transferred, two notices will be sent: one from the current mortgage servicer and the other from the new servicer. All payments after the notification will be made to the new servicer.

Since Jo was notified about the reassignment from Fund All Savings to Big loan Co. but still continues to pay Fund All Savings and Big Loan Co. sues Jo for nonpayment. What is most likely to be the court's judgement is that JO IS LIABLE TO BIG LOAN Co. SINCE SHE RECEIVED A NOTICE FROM THEM ABOUT THE ASSIGNMENT.

5 0

3 years ago

Taxation of Business Entities, 2016 edition7-65.) Wolverine Corporation made a distribution of $500,000 to Jim Har Inc. in par-t

marusya05 [52]

Answer:

a. Dividend

b. $500,000

Explanation:

a. As in the given case, the character of any income or gain recognized is the dividend of $500,000 which eligible him to avail 100% deduction of the dividend amount

b. The reduced amount would be lower of the distributed amount or 50% of Total E&P

Distributed amount is $500,000

And, the 50% of total E&P is = $8,000,000 × 50% = $4,000,000

So, the lesser amount is $500,000 which is reduced its total E&P

5 0

3 years ago

The main source of revenue for local governments is _____.

AleksandrR [38]

Answer:

the main sources of revenue for local government is property taxes

3 0

3 years ago

If you start a business would you rather start off with earning 1million every week and 10,000 an hour or just earn 1 million in

Verizon [17]

Answer:

Im going with either 1million a day or 10k an hour

4 0

2 years ago