Answer:
Dr Bad debt expenses $4,149
Cr Allowance for uncollectible accounts $4,149
Explanation:
Dr Bad debt expenses $4,149
Cr Allowance for uncollectible accounts $4,149
13%×$26,300= $3,419
$3,419 +$730=$4,149
A tax cut's impact on the economy would typically be weaker if people anticipated that it would only be temporary.
This is due to the fact that fiscal policy often focuses on macroeconomic stabilization, which involves lowering taxes to support a struggling economy and raising taxes to fight inflation.
Taxation and expenditure measures taken by the federal government to stimulate the economy are referred to as fiscal policy.
Discretionary Fiscal Policy is the term used to describe budgetary actions taken by the federal government to alter the status quo economy or to control inflation.
When fiscal policies are put into practice, either government spending is reduced, taxes are raised, or both.
Learn more about Fiscal Policy here
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Answer: The extent to which interest rates on the firm's debt fluctuate
Explanation:
Business risk refers to the possibility of a business entity making a loss as a result of uncertainties associated with the firm. It includes all factor that could deter a firm from meeting its financial obligations. Factors like demand variability, sales price variability, operating cost and input price variability directly affect attainment of a firm's set financial objectives.