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zvonat [6]
4 years ago
6

There is a debate in Congress as to whether to decrease personal income taxes by a given amount or to increase government purcha

ses by this amount. Which of these two fiscal policies will have a larger impact on real gross domestic product? Explain.
Business
1 answer:
Fudgin [204]4 years ago
8 0

Answer: Increase in government spending would affect the economy more.

Explanation:

This is because the multiplier of Gross is higher than that of the tax multiplier. Also, some portion of the tax cuts may not be spent.

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Internet comparison shopping sites like shopping.com and pricegrabber.com allow consumers to compare prices of substitute produc
Komok [63]
The answer is; "these sites have <span>increased the cross-price elasticity for substitute products".
</span>
When we evaluate the responsiveness of the demand for any good towards the change in the price of a related good is known as cross price elasticity of demand and it is always measured in terms of percentage. 
5 0
3 years ago
Accumulated Depreciation and Depreciation Expense are classified, respectively, as
Elena L [17]

Answer:

C. contra asset, expense

Explanation:

The depreciation is an expenditure indicating a decline in the value of the fixed assets due to wear and tear, obsolescence, use, time period, etc. It's shown on the income statement debit side This is a non-cash item which has no effect on the cash balance.

Whereas the accumulated depreciation is an contra asset which reduce the asset balance. It records the depreciation in arrears and reported in the asset side of the balance sheet

Like

Equipment                                    (XXXXX)

Less - Accumulated depreciation (XXXXX)

Net value of equipment               (XXXXX)

8 0
3 years ago
Wilhelmina is a divorced taxpayer who provides a home for her dependent child, Eloise. What filing status should Wilhelmina indi
tino4ka555 [31]

Given Information:

Head of household

Married, filing separately

Single

Qualifying widow(er)

Answer:

Head of household  filing status should Wilhelmina indicate on her tax return

Explanation:

She was unmarried at the end of the year and provided over half the cost of keeping a home as a residence for a dependent.

The head of household is the actual US taxpayers ' filing status. A taxpayer must be either single at the end of the year in order to use the status of head of household registration. You paid for the tax year more than half of the cost of owning a home.

For many people who file as head of household, their qualifying dependent is a child.

A qualifying child is your biological child, stepchild, foster child, sibling, step sibling, half sibling or a descendant of one of these. The child also needs to be under the age of 19 (or under the age of 24 if a full-time student).

7 0
3 years ago
The role of the board of directors in an organization is to:
poizon [28]

Answer:

OPTION A

Explanation:

The primary function of an organization's board of directors is to control the actions of the upper management team to make sure that the interests of shareholders are safeguarded.

PRIMARY FUNCTION OF BOARD OF DIRECTORS

Assess the vision and mission of the company to direct its present activities and potential development and set the agenda.

Review and assess current and future possibilities, threats, and hazards in the internal setting and the company's current & future strengths, weaknesses, and hazards.

4 0
3 years ago
A used-car costs $5,000. You figure you can get 4 years out of it. You drive 10,000 miles per year. Your car insurance costs $1,
Elenna [48]
Solutions 

We know a used car is $ 5,000. You can drive 10, 000 miles per year in that car for 4 years. The care insurance per year would be $ 1,200. You know that you will spend $ 400 on maintenance. The gas will cost $ 4 per gallon and the car gets 25 miles per gallon.  

⇒ (car) = $ 5,000 
⇒ (Miles per year) = 10,000 
⇒ ( Insurance per year) = $ 1,200 
⇒ ( Maintenance ) = $ 400
⇒ (Gas) = $ 4 per gallon 

To solve this problem we have to do

Total Cost = Cost Car + 4 × Car Insurance + 4 × Maintenance + 4 × Miles/Year ×<span> (cost/gallon) / (miles/gallon) 
</span>
We multiply by 4 since he figured out the car will last 4 years. 

≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡

Calculations 

Total Cost = Cost Car + 4 × Car Insurance + 4 × Maintenance + 4 × Miles/Year ×<span> (cost/gallon) / (miles/gallon)  
</span>
Total Cost = (car) $5,000 + (Car Insurance) 4 × $1200 + (Maintenance) 4 × $400 + (cost/gallon) 4 × 10,000 (miles/gallon)  × $4/25 = $17,800 

Now we have to find per mile 

We know that 10,000 miles = 1 year 
To convert to 4 years multiply by 4 = 40,000 miles

<span>Cost/Mile = $17,800 / (40,000 miles)
= $0.445 / mile
= 44.5 cents per mile.
</span>
Answer = <span>44.5 cents per mile.</span>
6 0
3 years ago
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