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nikdorinn [45]
3 years ago
11

What is the theory that tax cuts can raise supply called

Business
2 answers:
DaniilM [7]3 years ago
8 0
The theory that tax cuts can raise supply is called "supply side economics" or "trickle down economics." These policies were strongly supported by the Reagan Administration in the United States during the 1980s in the hopes of promoting economic growth. The theory functions that the cutting of taxes will help to promote economic growth and development. 
MrRissso [65]3 years ago
4 0

It is SUPPLY-side economics

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A worker was cleaning a skid-steer loader while another worker was repairing a forklift. The forklift was accidentally put into
mariarad [96]

There are many types of hazards in the workplace, but I think this one would be a physical hazard. Physical hazards involve unsafe working conditions such as slippery floors, noise, poor lighting, and the unsafe or misuse of machinery. It seems that the forklift being "accidentally" put into motion is a misuse of machinery.

7 0
3 years ago
The following selected transactions were completed during July of the current year: July 1 Billed customers for fees earned, $72
mixer [17]

Answer:

a. Journal Entries:

July 1 Debit Accounts receivable, $72,960

Credit Fees Earned $72,960

To record fees earned.

July 4 Debit Supplies $1,900

Credit Accounts payable $1,900

To record supplies purchased on account.

July 8 Debit Cash $65,960

Credit Accounts receivable $65,960

To record cash received from customers on account.

July 11 Debit Accounts payable $840

Credit Cash $840

To record payment to creditors on account.

Cash

Date     Account Titles            Debit     Credit

July 8  Accounts receivable $65,960

July 11 Accounts payable                      $840

Supplies

Date     Account Titles            Debit     Credit

July 4   Accounts payable    $1,900

Accounts Receivable

Date     Account Titles            Debit     Credit

July 1   Fees Earned           $72,960

July 8  Cash                                      $65,960

Accounts Payable

Date     Account Titles            Debit     Credit

July 4   Supplies                                   $1,900

July 11   Cash                          $840

Fees Earned

Date     Account Titles            Debit     Credit

July 1    Accounts receivable            $72,960

c. If the unadjusted trial balance on July 31 shows a credit balance for Accounts Receivable, it means that an error has occurred, unless the cash received from customers on account exceeds the debit balance on the Accounts receivable.  This will mean that some customers paid in advance for services not yet rendered.  This credit balance needs to be transferred to the Deferred Revenue account.

Explanation:

a) Data and Calculations:

July 1 Accounts receivable, $72,960 Fees Earned $72,960

July 4 Supplies $1,900 Accounts payable $1,900

July 8 Cash $65,960 Accounts receivable $65,960

July 11 Accounts payable $840 Cash $840

3 0
2 years ago
Alexia is geographically large and represents a sizable market for a wide range of products. It has a potential for significant
Neporo4naja [7]
Big emerging market.........
3 0
2 years ago
Read 2 more answers
Levelor Company's flexible budget shows $10,630 of overhead at 75% of capacity, which was the operating level achieved during Ma
r-ruslan [8.4K]

Answer:

$1,589 favorable

Explanation:

Calculation to determine what the controllable variance for the month was:

Using this formula

Overhead Controllable Variance =(Budgeted overhead per unit x standard number of units) - Actual overhead expense

Let plug in the formula

Controllable variance=(6,040*$2.10)-$11,095

Controllable variance=$12,684-$11,095

Controllable variance=$1,589 favorable

Therefore the controllable variance for the month was:$1,589 favorable

5 0
2 years ago
Rita: The original purpose of government farm subsidy programs was to provide income stability for small family farmers. But mos
almond37 [142]

Answer: E. Subsidy cut-offs can be determined on the basis of income for the preceding year.

Explanation:

Since Thomas counters Rita's point stating that during the initial part of the season, subsidies are needed. On the other hand, the income for the year will be calculated when the year ends.

To counter Thomas, it should be noted that Rita can say that subsidy cut-offs can be determined on the basis of income for the preceding year.

7 0
3 years ago
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