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3 years ago

True or false: the amount of income you make affects the amount of federal taxes you will owe.

Business

2 answers:

pychu [463]3 years ago

8 0

Definitely TRUE would be the answer!

bekas [8.4K]3 years ago

7 0

Hi

this statement is true.

Hope that helps =D

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To have long-term economic growth, the production function suggests:

valentinak56 [21]

Answer:

Option (C) is correct.

Explanation:

We know that gross domestic product (GDP) of a nation plays a very important role in the long run economic growth. Long run economic growth will be directly impacted by the nation's GDP.

GDP of a nation increases with increase in the production of goods and services. If there is a availability of advanced technology, more capital and large number of labor then this will lead increase the productivity of employees and directly contributes towards the production of a nation.

Hence, the GDP of a nation increases, as a result long term economic growth will also increases.

4 0

4 years ago

On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account

slava [35]

Answer:

1. $372,150

2. $650

Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

= $386,000 + $2,895,000 - $2,905,000 - $3,850

= $372,150

2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

= Allowance for Doubtful Accounts (a credit balance) on January 1, 2019 - uncollectible accounts receivable

= $4,500 - $3,850

= $650

3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

To Allowance for Doubtful Accounts $3,150

(Record adjusting entry for bad debt expense estimate)

5 0

3 years ago

Which of the following is not an assumption of the productions possibilities frontier?

lesya [120]

Answer: Option D

Explanation: A frontier of development possibilities determines the set of choices made by society for the mixture of goods and services it can create, given the available resources capacity. Usually considered for an economy, this balancing act extends to every ordinary citizen, and the economic institution as well.

This curve depicts the fact that only by reallocating resources from other goods and thus producing less of them can one good be produced as the resources in hand for production is limited.

Hence from the above we can conclude that the correct option is D.

3 0

3 years ago

Jones Company writes off $500 of the Accounts Receivable owed by Joe Smith. Joe Smith did end up paying the $500, so Jones Compa

katen-ka-za [31]

Answer:

Journal entry to record Smith's payment

Dr Cash account 500
Cr Accounts Receivable account 500

Explanation:

The following journal entry was made when the account was written off:

Dr Bad Debt Expense account 500
Cr Accounts Receivable account 500

When the write off was reversed the following journal entry was made:

Dr Accounts Receivable account 500
Cr Bad Debt Expense account 500

4 0

4 years ago

What is the best advice for concluding your presentation?

Lilit [14]

The best advice for concluding a presentation is by having to review major points as it is essential to be able to deliver your main purpose or the important information you want to deliver to your audience and in the same time, the individual should focus on what he or she wants for his or her listeners to think, remember and even do.

8 0

4 years ago