Ronald reagan believed that decreasing government spending would eventually lead to economic growth.
<h3>What was ronald reagan’s basic belief about economic growth?</h3>
- The four pillars of Reagan's economic policy were to reduce the growth of government spending.
- This policy should lessen the federal income tax and capital gains tax, decrease government regulation, and tighten the money supply in order to reduce inflation.
So we can conclude that decreasing government spending would eventually lead to economic growth is the right answer.
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Answer:
The number of units sold by the company during January 2017 is 410.
Explanation:
Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:
Units Per unit price Total
Balance, 1/1/2017 340 $6.0 $2040
Purchase, 1/15/2017 170 ..6 1003
Purchase, 1/28/2017 170 ..6 1054
The explanation of the answer is now given as follows:
Total units available for sales during January 2017 = 340 + 170 +170 = 680
Units on hand at end of the month (1/31/2017) = 270
Number of units sold by the company during January 2017 = Total units available for sales during January 2017 - Units on hand at end of the month (1/31/2017) = 680 - 270 = 410
Therefore, the number of units sold by the company during January 2017 is 410.
<span>A startup is a young company that is just beginning to develop
</span>
The gradual expansion of project requirements, specifications and priorities during the execution of project is known as scope enhancement
<h3 /><h3>What is scope enhancement?</h3>
Scope enhancement occurs when a particular ongoing project need to take an expanded form.
It can be addition of new varieties, structure and people and this requires additional work.
Therefore, the gradual expansion of project requirements, specifications and priorities during the execution of project is known as scope enhancement.
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Answer:
The amount of rent expense that will be reported on the Year 1 income statement is $1,800
.
The cash outflow for rent that would be reported on the Year 1 statement of cash flows is $5,400.
Explanation:
Though the amount paid was paid on October 1, Year 1 it will only be expensed from October to December for year 1.
The duration of the payment is 12 months, hence
Monthly amortization = $7,200/12 = $600
Rent expense for year 1 = $600 × 3 = $1,800
The ending balance in the prepaid rent account will be
= $7,200 - $1,800
= $5,400
This will be the cash outflow for rent that would be reported on the Year 1 statement of cash flows.
