Answer:
$10,000
Explanation:
A company's income is either shared out as dividends or kept in as retained earnings. Therefore, the total of retained earnings and dividend paid out is the net income. This is the amount that will reflect in the income statement. In other words, income is calculated first before dividends or retained earnings are declared.
For Martinville, income will be calculated first before dividends are paid. Net income will be
=revenue - expenses
=$17,000 -$7,000
=$10,000
Balance in the Income Summary account was $10,000
Answer:
I would say A is the best choice
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Answer:
Adv./Dec. Cumulative
Monday 1 1
Tuesday 2 3
Wednesday 1 4
Thursday 5 9
Friday 1 10
Explanation:
Note: See the attached excel file for the construction of he advance/decline line for the stock market.
According to macroeconomic theory and money supply in the economy, the scenario as an example of expansionary fiscal policy includes "<u>A decrease in taxes."</u>
Other scenarios as an example of expansionary fiscal policy include the following:
- An increase in government spending;
- An increase in corporate bonds purchased;
- An increase in the money supply;
Expansionary fiscal policy is a type of policy designed to increase the money supply in the economy.
On the other hand, examples of contractionary fiscal policy include the following:
- A decrease in government spending;
- A decrease in transfer payments to dampen economic activity;
- An increase in taxes;
- A decrease in the money supply;
Contractionary fiscal policy is a type of policy designed to decrease the money supply in the economy.
However, the scenarios which are considered as not examples of fiscal policy include the following:
- A decrease in the unemployment rate;
Hence, in this case, it is concluded that fiscal policy used by the government can either be expansionary or contractionary.
Learn more here: brainly.com/question/8936326
Answer:
the person may be nervous, causing the test to be invalid
