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2 years ago

A fall in real GDP that results in a decrease in personal income tax receipts is an example of ______.

Business

1 answer:

lyudmila [28]2 years ago

5 0

Answer:

c. automatic fiscal policy

Explanation:

Automatic fiscal policy are policies triggered automatically due to the state of the economy which causes either government spending or taxes to increase or decrease.

For example, if the economy is undergoing a downturn and real GDP falls, the amount paid as taxes would fall.

If the economy is booming and the real GDP rises, the amount paid as taxes would rise.

These are examples of automatic fiscal policies.

Discretionary fiscal policy is when the government purposely increases or reduces either its spending or taxes in response to the economic conditions.

I hope my answer helps you.

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Match the expense revenues with expenses recognition approaches with the most appropriate accounting event.

Zigmanuir [339]

Answer:

Cause-and-effect relationship - Cost of goods sold

With the Cause and effect relationship, costs are linked to the revenue that they were incurred for to create. Cost of goods would therefore be linked to revenue.

Specific time period - Monthly salary payments to an office employee

Costs are to be recognized in the same period of time they were incurred. The monthly salary is to be paid monthly because it is incurred monthly.

Without regard to related revenue in the period incurred - Advertising expenditures

The advertising costs will be incurred when spent and not when the benefits are accrued.

4 0

2 years ago

On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,744. Cash receipts yet to be de

lord [1]

Answer:

Dj Khalid why am I yelling

Explanation:

fatfat

6 0

1 year ago

What is the type of pricing determined largely by what other companies in your industry are charging?

labwork [276]

I got B as the answer

3 0

2 years ago

rothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the mos

charle [14.2K]

Answer:

Predetermined manufacturing overhead rate= $29 per machine hour

Explanation:

Giving the following information:

Estimated machine-hours 33,100

Estimated variable manufacturing overhead $5.72 per machine-hour

Estimated total fixed manufacturing overhead $770,568

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (770,568/33,100) + 5.72

Predetermined manufacturing overhead rate= $29 per machine hour

5 0

2 years ago

Nora is aware that some of her report's content may not be well received by some of her readers. what type of headings should sh

valkas [14]

Functional headings should be used by Nora. Thus, option B is correct.

<h3>What is a report? </h3>

A report is a written product that organizes data for a specified readership and use.

A functional heading is a succinct sentence that describes the subject of the following paragraph of your dissertation, presentation, or conclusion. Headings help the reader navigate the document by organizing the representation of your reasoning.

As Nora wants to use data that will not be acceptable to all, she should use a functional heading. Therefore, option B is the correct option.

Learn more about the report, here:

brainly.com/question/14969693

#SPJ4

the question is incomplete, the complete question will be:

Graphic headings

Functional headings

Talking headings

She should omit headings altogether.

8 0

8 months ago

A fall in real GDP that results in a decrease in personal income tax receipts is an example of​ ______.

A fall in real GDP that results in a decrease in personal income tax receipts is an example of ______.