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Tamiku [17]
3 years ago
10

1. How do new tax laws get passed?

Business
1 answer:
Setler79 [48]3 years ago
4 0

Answer:

<u><em>Procedure to pass new tax laws:</em></u>

1. First, a representative sponsors a bill.

2. The bill is then assigned to a committee for study.

3. If released by the committee, the bill is put on a calendar to be voted on, debated or amended

4. If the bill passes by simple majority (218 of 435), the bill moves to the Senate.

5. After Congress passes the bill,

6. it goes to the president, who can either sign it into law or veto it.

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Answer:

$35,300 (Credit)

Explanation:

Given that;

Allowance = 10% × $242,000 = $24,200

Amount written off of $34,200 would have made the balance in the allowance for doubtful debts

= $34,200 - $23,100

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However, the balance in the account at the end of the year should amount to $24,200 hence the adjustment required

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2 years ago
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Explanation:

The free enterprise system is one influenced by the market, which will determine all economic variables, such as price, products and services, and is a system independent of government control to function.

Therefore, it is correct to state that in a free enterprise system, the offer and demand of the consumer for a product or service that will be the determinant of the success or failure of an organization.

As an example of an entrepreneur, we can mention Steve Jobs, who created one of the largest technology companies in the world, Apple. The free enterprise system was one of the reasons for Apple to succeed in becoming one of the most valued companies in the world, due to the fact that it brought innovative products to the market that became examples of products of value to consumers, which made company to grow and become so successful in the market. If the company operated in a government-controlled market, it would probably have to follow specific rules and restrictions for the production of its products that could limit the company, and its performance could be restricted and not as innovative as the company in the market, which is one of the reasons why it achieved success.

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3 years ago
____________ is a condition that must be satisfied before a party’s contractual obligation to perform becomes absolute (e.g., Bo
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if your yearly pension was $46,875.00, what is your monthly pension? choose the best answer from the options below: a $3706.25 b
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The residuals are observations of the error variable . Consequently, the minimized sum of squared deviations is called the sum o
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