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3 years ago

When does the government assume a contractionary fiscal policy position?

1 answer:

4 0

The government assume a contractionary fiscal policy when the economy is strong. When the economy is strong, prices increases as a result of fierce competition for resources. In this situation, the government will assume a contractionary fiscal policy by reducing its spending and by increasing tax. This position will normally create a surplus for the government: a surplus is the amount of taxes left over after government spending.

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GFB has created a socially conscious culture throughout the company. The first step GFB always follows in improving U.S. busines

Cerrena [4.2K]

Create a channel for the business mission and the vision to accommodate the changes.

<h3>Why should the buisness mission accomodate the change?</h3>

When a change is made in a business environment or company, there is need to align the change with the mission.

The mission of the business is what the business wish to achieve and this cannot be successful is every process and change does not align with it.

Therefore, create a channel for the business mission and the vision to accommodate the changes.

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2 years ago

During 2020, a self-employed taxpayer drives her car 4,000 miles to visit clients, 3,000 miles to get to her office, and 1,000 m

Masteriza [31]

Answer:

Explanation:

You add the different transportation expenses.

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2 years ago

An architecture firm earned earned $1520 for architecture services provided with the fee to be paid in the future. No entry was

GaryK [48]

Answer:

Revenue is understated by $1520

Profit is understated by $1520

Accounts receivable is understated by $1520

Retained earnings is understated by $1520

Explanation:

The guideline on recognition of revenue is accrual basis of accounting, which is that revenue is recognized when it has been earned, in other words when the business has discharged its obligation to the other party by a way of delivering goods or services to clients.

Specifically,by not recording an adjusting for the $1520 revenue earned but not yet received,the revenue for the period would be understated by $1520 as well as profit for the year.

Also,asset,accounts receivable would also be understated by $1520 including retained earnings at the end of the year

8 0

3 years ago

Suppose that Dr. Reilly owns a medical clinic and he enters into a contract to buy 500 tablets of Gensol from Pharzime. The Gens

Ivan

Answer: See explanation

Explanation:

Based on the information given, it can be infered that the goods are nonconforming due to the perfect tender rule.

According to the perfect tender rule, a buyer can reject goods that are deliveres to him or her tender of the goods from the seller isn't perfect. Since the Gensol that he orders are 200 milligrams each while the one delivered are 100 milligrams each, then they aren't perfect.

Therefore, the clinic can reject the shipment, or keep some and reject others if it wants to.

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3 years ago

Brenda identified all of the pure loss exposures her family faces. Then she analyzed these loss exposures, developed a plan to t

olya-2409 [2.1K]

Option D

The process Brenda conducted is called personal risk management.

<h3><u>Explanation:</u></h3>

Personal Risk Management is the means of implementing risk management systems to the requirements of unique consumers. It is the manner of recognizing, including, and managing personal risk, accompanied by performing the execution plan and monitoring variations over time.

Pure risks are insurable because their prospects can be estimated accurately suitable for the risk to be quantified, which indicates it can be valued, purchased, and traded. Personal Risk Management is based on the idea that the kind of an insurance program should nevermore be limited than the nature of what it guards.

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3 years ago