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3 years ago

Explain how a contractionary fiscal policy affects gdp ?

1 answer:

muminat3 years ago

4 0

Contractionary<span> policies are enacted by a government to reduce the money supply ... policy might be a reduction in nominal </span>gross domestic product<span> (</span>GDP<span>) (Possibly)</span>

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Gilbert City had the following transactions involving resource inflows into its general fund for the year ended June 30, 20X8:

Advocard [28]

Answer:

$2,289,500

Explanation:

Preparation of the schedule to show the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8

Gilbert City

REVENUE REPORTED by the General Fund

For the Year Ended June 30, 20X8

Property tax revenue $1,862,000

[$2,000,000-$100,000-($2,000,000-$100,000)*2%)]

Interest revenue on advance $1,500

Grant revenue used to acquire computer equipment $235,000

Sales tax revenue $125,000

Liquor license revenue $66,000

Total revenue reported $2,289,500

Therefore the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8 is $2,289,500

3 0

3 years ago

HELP!

DiKsa [7]

Answer:

A. Partnership

Explanation:

Based on the description of this scenario it can be said that the best option for Mary would be a Partnership. This means that she will share ownership and profit with those involved but at the same time will also share the liabilities. This will make sure that the other tattoo artists will do their utmost best since they will have to deal with the consequences as well if they do not. Which in term protects Mary.

8 0

3 years ago

Read 2 more answers

List the steps of the segmenting and targeting process (put the first step on top). Instructions Choice 1 of 5. Select target ma

marusya05 [52]

Answer:

1. Group potential buyers into segments.

2. Group products to be sold into categories.

3. Develop a market-product grid and estimate the size of markets.

4. Select target markets.

5. Take marketing actions to reach target markets.

4 0

3 years ago

Grand River Corporation reported taxable income of $500,000 in year 1 and paid federal income taxes of $105,000. Not included in

kondor19780726 [428]

The corporation's current earnings and profits for year one would be (A) $354,000.

<h3>What is taxable income?</h3>

The base on which an income tax system levies tax is referred to as taxable income.
In other words, the income is subject to taxation by the government.
In general, it includes some or all elements of income before costs and other deductions are deducted.
Income, costs, and other deductions differ depending on the country or system.
Many systems stipulate that certain types of income are not taxable (also known as non-assessable income) and that certain expenses are not deductible when calculating taxable income.
Some systems base tax on current-period taxable income, while others base it on prior-period taxable income.

<h3>To find the current earnings and profit for one year:</h3>

Income + Installment sale = 500,000 + 25,000 = $525,000

Income taxes + tax-exempt income = 170,000 + 1000 = $171,000

525,000 - 171,000 = $354,000

Therefore, the corporation's current earnings and profits for year one would be (A) $354,000.

Know more about taxable income here:

brainly.com/question/26316390

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Complete question:

Grand River Corporation reported taxable income of $500,000 in year 1 and paid federal income taxes of $170,000. Not included in the computation was a disallowed meal and entertainment expense of $2,000, tax-exempt income of $1,000, and deferred gain on an installment sale of $25,000. The corporation's current earnings and profits for year 1 would be:

A) $354,000.

B) $524,000.

C) $500,000.

D) $331,000.

7 0

2 years ago

Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the c

elena-s [515]

Answer: $200,000

Explanation:

The cost will be allocated to customer Y, if a cause-effect relationship cannot be established with any cost driver will be calculated thus:

Total sales = $600,000 + $400,000 + $200,000 = $1,200,000

The percentage of Y on total sales will be:

= $400,000/$1,200,000 × 100

= 1/3 × 100

= 33.33%

Therefore, the cost that's allocated to Y will then be:

= $600,000 × 33.33%

= $600,000 × 0.3333

= $200,000

Therefore, the correct answer is $200,000

8 0

3 years ago