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3 years ago

In what different ways did global commerce transform human societies and the lives of individuals during the early modern era?

Business

1 answer:

loris [4]3 years ago

4 0

Explanation:

The beginning of the modern era was marked by the fortification and expansion of European monarchies throughout the world. It was from the fifteenth century with the great navigations that occurred the integration between various parts of the globe, having as main historical landmarks the discovery of the Americas and the trade route between Africa and Asia, which generated slavery of many individuals, as well as new and greater trade relations, increasing capital accumulation and the marketed economy worldwide, as well as the discovery and creation of new technologies.

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If government cuts taxes. A. after tax income should increase shifting AD to the right to a higher equilibrium level of output B

Vera_Pavlovna [14]

Answer:

A. after tax income should increase shifting AD to the right to a higher equilibrium level of output

Explanation:

If the government reduces tax, the after tax income would increase and so woold demand. Thus, the aggregate demand curve would shift rightward to a higher equilibrium level of output.

If the government cuts taxes, after tax income should decrease shifting AD to the left to a lower equilibrium level of output

I hope my answer helps you

8 0

3 years ago

During 2021, its first year of operations, a company provides services on account of $255,000. By the end of 2021, cash collecti

ryzh [129]

Answer:

Dr Bad Debt Expense 16,120

Cr Allowance for Uncollectible Accounts 16,120

Explanation:

Based on the information given we were told that the company provides services of the amount of $255,000 in which the cash collections on the accounts was the amount of $131,000 and 13% of accounts receivable will be uncollectible which means that the adjusting Journal entry for uncollectible accounts on December 31, 2021 will be :

Preparation of the adjusting Journal entry for uncollectible accounts on December 31, 2021.

December 31,2021

Dr Bad Debt Expense 16,120

Cr Allowance for Uncollectible Accounts 16,120

[($255,000-$131,000)*13%]

$124,000*13%

=$16,120

8 0

3 years ago

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300

luda_lava [24]

Answer:

Income Statement

Sales $7.500

Salaries expense -$1.300

Utilities expense -$1.100

Net Income 5.100

Explanation:

5 0

3 years ago

The death benefit of a(n) _____ life insurance policy may go down because of poor investment returns.

ICE Princess25 [194]

<span>The death benefit of a(n) variable and universal life insurance policy may go down because of poor investment returns.
Universal life insurance and variable life insurance are two types of permanent life insurance, in this case if the the person who insured dies any time</span><span> as long as there is enough cash value to pay the costs of insurance in the policy, the death benefit will be paid. </span>

6 0

3 years ago

What are the two methods used to translate financial statements and how does the functional currency play a role in determining

laiz [17]

Answer:

The two methods of translating financial statements are the current rate method/closing rate method and the temporal method

Explanation:

Functional currency simply means the main currency used by a business. it could also be defined as the primary currency used in the economic environment in which a business operates as in where it generates most of its cash and also spends it

Functional currency determines to a large extent the method used in translation of financial statements. When there is no difference between local currency and foreign currency, current rate method is used and vice versa for temporal rate method

please find attached from Advanced Accounting

Hoyle, J., Schaefer, T., & Doupnik, T. (2015)

8 0

3 years ago