Your primary motivation for investing is for tax savings. A. True B. False

Clear Co.’s trial balance has the following selected accounts: Cash (includes $10,000 in bond-sinking fund for long-term bond pa

Tasya [4]

Answer:

Explanation:

The computation of the amount that is reported as a total current assets is presented below:

Clear Co's

Current assets

Cash $40,000 ($50,000 - $10,000)

Accounts Receivable $20,000

less-Allowance for doubtful debts - $5,000

Deposits from customers $3,000

Merchandise Inventory $7,000

Unearned rent $1,000

Investment in trading debt securities $2,000

Total amount $68,000

6 0

3 years ago

A. Fiscal Policy involves changing _______________. In the United States, Fiscal Policy is implemented by the ____________.

Ede4ka [16]

Answer:

a. Fiscal Policy involves changing government purchases and tax. In the United States, Fiscal Policy is implemented by the federal government.

b. An expansionary fiscal policy can be used to address a Recessionary Gap by reducing taxes and increasing government purchases.

Explanation:

Fiscal policy can be described as the employment of the government purchase and taxation level by the federal goveernment with the aim of influencing the aggregate demand and economic activity level.

Expansionary fiscal policy occurs when the government increases its purchases and reduces taxes in order to close Recessionary Gap, while contractionary fiscal policy is when the government reduces it purchases and increases taxes.

Based on this explanation, we have:

a. Fiscal Policy involves changing government purchases and tax. In the United States, Fiscal Policy is implemented by the federal government.

b. An expansionary fiscal policy can be used to address a Recessionary Gap by reducing taxes and increasing government purchases.

6 0

3 years ago

Assume that an economy has 1,500 workers, each working 2,000 hours per year. If the average real output per worker-hour is $20,

Drupady [299]

Answer: $60 million

Explanation: Total output is defined as the total value of all goods produced or services rendered by an individual, group or country. It is the total value which could be amassed from one's input.

Therefore,

An economy with;

Number of workers =2000

Work time of each worker = 1500 hours

Payment rate per hour = $20

Total output = (Number of workers * work time * payment rate per hour)

Total output = 2000 * 1500 * 20

Total output = $60,000,000

Therefore, total output or real gross domestic product of the country is

$60,000,000

3 0

3 years ago

Which loan type requires you to make loan payments while you’re attending school?

allsm [11]

Student Loans is the correct answer

8 0

3 years ago

Manning Company uses the percentage of receivables method for recording bad debts expense. At the end of the year (before adjust

Lynna [10]

Answer:

c) $22,000

Explanation:

Find the attachment below

3 0

3 years ago