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Ann [662]
3 years ago
7

When the government passes a new law that explicitly changes overall tax or spending levels, it is enacting: a discretionary fis

cal policy. b progressive fiscal policy. c regressive fiscal policy. d fiscal policy?
Business
2 answers:
miskamm [114]3 years ago
5 0

Discretionary fiscal policy is implemented when the government passes a new law wherein it explicitly changes the overall tax and the spending levels. This can be applied when a certain economy is in recession where the government can lower taxes and increase the spending.

Triss [41]3 years ago
3 0

<span>Discretionary fiscal policy is implemented when the government passes a new law wherein it explicitly changes the overall tax and the spending levels. This can be applied when a certain economy is in recession where the government can lower taxes and increase the spending.</span>

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Why is the International System of Units (SI) used by scientists all over the world?
borishaifa [10]

Answer:

It allows scientists from disparate regions to use a single standard in communicating scientific data without vocabulary confusion.

Explanation:

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3 years ago
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's t
anzhelika [568]

Answer:

8.94%

Explanation:

Firstly, we will need to find total equity and total debt of Harrington Inc inorder to apply the Dupont equation for getting ROE

Harrington's total debt = 15.00 % × $250,000

= $37,500

Harrington's total equity will be; applying accounting equation

Asset = Liabilities + Owner's equity

Owner's equity = Assets - Liabilities

= $250,000 - $37,500

= $212,500

Therefore, using the Dupont equation, we can calculate the ROE as;

(NI/Sales) × (Sales/Total assets) × (Total assets/Total common equity)

= 19,000/325,000 × 325,000 /250,000 × 250,000/212,500

= 8.94%

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3 years ago
Carow Corporation purchased on January 1, 2020, as a held-to-maturity investment, $60,000 of the 8%, 5-year bonds of Harrison, I
tigry1 [53]

Answer:

Entries are given below

Explanation:

Requirement A.

On January 1, 2020 Carrow purchased held to maturity investment, $60,000 of the 8% 5year bonds of Harrison, Inc for $65,118

Entry                                                DEBIT   CREDIT

Held-to-maturity securities            $65,118

cash                                                                $65,118

Requirement B.

The receipt of semiannual interest and premium amortization

Entry                                                DEBIT   CREDIT

cash (60,000 x 8% x 6/12)             $2,400  

held to maturity sercurities                            $446

interest revenue(65,118 x.6% x6/12)             $1,954

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3 years ago
One reason you should drive slowly around farm vehicles is:
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Typical farm vehicles go slower and are expensive so you must drive slowly to make sure you don't run into it as Well as be polite
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3 years ago
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