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alexandr1967 [171]
3 years ago
6

Robert Necco and Nelson Packard are economists at Economic Research Associates. ERA asks Necco and Packard for their opinions ab

out the effects of fiscal policy on real GDP for an economy currently experiencing a recession. Necco states that real GDP is likely to increase if both government spending and taxes are increased by the same amount. Packard states that if both government spending and taxes are increased by the same amount, there is no expected net effect on real GDP.
Regarding the statements made by Necco and Packard:
Necco Packard
A) Correct Correct
B) Correct Incorrect
C) Incorrect Incorrect
D) Incorrect Correct
Business
1 answer:
Lorico [155]3 years ago
8 0

Answer: B) Correct Incorrect

Explanation:

Whilst it was generally believed at some point that raising taxes and Government Spending by the same amount would have no effect, research has disproven this thought.

This is because it was shown that an increase in Government Spending leads to a larger increase in GDP than an increase in taxes reduces it.

This is because when the Government spends money, the Multiplier effect of Government Spending is always 1 more than that of the Taxes therefore raising taxes and spending by the same amounts still increases the Real GDP because Government Spending will create more income than taxes will take.

Necco is right, Packard is wrong.

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a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.
NemiM [27]

This action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

Read more on brainly.com/question/23306803?referrer=searchResults

3 0
3 years ago
Under Treasury Circular 230, which of the following actions of a CPA tax advisor is characteristic of a best practice in renderi
svlad2 [7]

Answer:

The correct answer is letter "B":  Establishing relevant facts, evaluating the reasonableness of assumptions and representations, and arriving at a conclusion supported by the law and facts in a tax memorandum.

Explanation:

Among the best practices that tax advisers are committed to we can find defining the facts, deciding that facts are particular, evaluating the rationality of any conclusions or interpretations, applying the applicable law to the particular facts, and reaching a conclusion informed by law and evidence.

8 0
3 years ago
Homebound, a home decor company, annually donates blankets to various nonprofit organizations. These nonprofit organizations dis
Lady bird [3.3K]

Answer: Company philanthropy

Explanation:

  According to the given question, the company philanthropy is one of the concept that helps in promoting the corporate business for the welfare for generating the charitable donation in the non-profit organization.

The home-bound is one of the type of home decor firm that annually denoting the blankets to the various types of charitable trust or organization and this gesture is basically refers to the company philanthropy.

The philanthropy companies basically donating the various types of asset to the non-profit organizations for providing the services for helping the poor people.  

 Therefore, Company philanthropy is the correct answer.

3 0
3 years ago
The closing stage in the selling process involves obtaining a purchase commitment from the prospect. This stage is the most impo
tankabanditka [31]

Answer:

Telltale signals indicating a readiness to buy include questions , financial negotiation, and counteroffers answers

Explanation:

The closing stage of a business is the last stage of closing out a sales process after going through the approach , discovery,presentation and handling objection stages

At this point , every effort has been made to convince a potential client in buying the offered product and a response is keenly expected from him .The benefits of the purchase can still be reassured to him in a closing remark with with powerful words of conviction.

At this point , the seller should look out for the telltales signal of purchase in order to determine his next line of action.

3 0
3 years ago
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,
erica [24]

Answer:

$113,000

Explanation:

As we know ,

Working capital = Total current assets - total current liabilities

where,

Total current assets = Accounts receivable + cash + inventory + marketable securities + prepaid expenses

= $35,000 + $25,000 + $72,000 + $36,000 + $2,000

= $170,000

And, the total current liabilities = Accounts payable + accrued liabilities + short term notes payable

=  $30,000 + $7,000 + $20,000

= $57,000

Now put the values to the above formula

So, the value would  be equal  to

=  $170,000 - $57,000

= $113,000

3 0
3 years ago
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