For what reason can a person receive a qualifying lump-sum distribution (lsd) without terminating employment

What is the new law the American government enacted for promoting small businesses in the country?

Lady bird [3.3K]

Answer:

The Small Businesses Act of 1953.

Explanation:

In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.

The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.

The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).

Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.

Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.

4 0

3 years ago

Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of credit sales will

defon

Answer:

$2,540

Options are inconsistent with given question

Explanation:

Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.

As per given data

Beginning allowance for uncollectible accounts balance = $3,700

Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.

Adjusted Balance = $3,700 - 2,700 = $1,000

Credit sales = $118,000

Estimated allowance for uncollectible accounts balance = $118,000 x 3% = $3,540

As allowance for uncollectible accounts has already have balance of $1,000, Bad debt expense for the year is $2,540 ($3,540 - $1,000).

4 0

3 years ago

Leverage _____ the return to shareholders and _____ the risk of their investment

Dima020 [189]

Answer:

d. increases; increases

Explanation:

Leverage describes the method of capital acquisition. The term is used mostly to refer to the borrowing of capital. A highly leveraged business is a business that has a high percentage of debts.

Business borrows for expansion or to finance the acquisition of assets. By borrowing, the company increases its capacity to produce and consequently, the possibility of an increase in sales. An increase in output leads to high returns to the shareholders.

Higher returns can only be achieved if the market behaves as expected. If operations do not go as planned, then leverage will leave the shareholder exposed to higher risks. The losses likely to be suffered will be proportional to the level of leverage.

3 0

3 years ago

Suppose you owe $3,000 on your credit card. You pay a minimum payment of $30 each month. At an Annual Percentage Rate of 12% (or

lianna [129]

Answer:

Never, you will continue to be in debt

Explanation:

the interest per month are 1% of the unpaid amount:

3,000 x 1% = 30 interest per month

the minimum payment is 30 dollars

Therefore, by doing the minimum payment we are just coering the interest generated per month we are not doing any amortization on the principal Hence we cannot repay the debt.

3 0

3 years ago

Raising taxes to finance increases in government spending will be an effective means of increasing aggregate demand only if?

Ivanshal [37]

Raising taxes to finance expansions in government spending will be an adequate means of increasing aggregate demand only if:

C. the private sector is keeping a high percentage of its income.

<h3>What happens when government spending gains and taxes increase?</h3>

In general, when the government gets in more taxes than it spends, it decreases disposable income and restricts the growth of the economy. So, the fiscal policy remedy to stabilize an overheated economy is higher taxes.

Increased government spending is likely to push a rise in aggregate demand (AD). This can lead to a higher gain in the short term. It can also potentially guide inflation.

To learn more about aggregate demand visit the link

brainly.com/question/15157098

#SPJ4

7 0

2 years ago