Answer:
Fiscal policy is the adjustment of tax rate and government spending that is used to handle current economic situation.
There are several of criticism that usually found on fiscal policies.
- Time Lags.
The effect of fiscal policies could only be felt years after the policies are made. Often times, this goes unnoticed by the citizens of the country, making it look like that the government took no action to handle their economic issues.
- Strengthening foreign influence
One of the things that the government can do to reduce the inflation is by selling government bonds to the public. These bonds can be bought by companies from another countries. This will strengthen that country's influence over US economy.
- It could create a budget deficit for the next government officials.
Government in United States were reshuffled between 2-4 years. While the effect of fiscal policies could need more than 10 years before it actually can be felt. Sometimes, fiscal policies taken by previous government could create a deficit that had to be handled by the next government after the election.
Answer:
a. Computation of net income
Particulars Amount
Service revenue $52,500
Less: Expenses
Salaries and wages expenses ($23,520)
Utilities expense ($2,600)
Rent expense ($8,740)
Advertising expense <u> ($1,510)</u>
Net Income <u>$16,130</u>
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b. Computation of comprehensive income statement
Particulars Amount
Net Income $16,130
Add: Other Comprehensive Income <u> $380 </u>
Comprehensive Income <u>$16,470</u>
Note: Dividend will not be included as it forms part of Income statement
Answer:
The answer is: 30 to 40%, according to satellite imagery
Explanation:
Satellite imagery is the most reliable way to try to determine what percentage of the Earth's land is used for agriculture. First and most important, the world is huge and only satellites have the technology to take images of continents and differentiate what possible use is given to them.
Government's surveys and records are no very reliable since you would need to use information from all the governments in the world including democratic countries and nations with dictatorships.
Answer:
$1,560 and $0
Explanation:
According to the accrual method of accounting, the revenue should be recognized when it is realized or when the sale is made not when the cash is received
Since Digby delivers 104 units in April
So for the March income statement, the amount is
= 104 units × $15
= $1,560
And, for the April income statement, it would be zero as the total units order received in March only
Answer:
The correct answer is Novation.
Explanation:
Innovation represents all those transformations that introduce originality and novelty, usually develop more frequently in the economic context, especially when companies implement new products or services that become successful within the market, prevailing in it through advertising.
Innovation is a technique that can solve problems or shortcomings, which can be done through improvement and not just the creation of something new.
