Answer: The correct answer is "d. The income statement for a given year is designed to give us an idea of how much the firm earned during that year.".
Explanation: The statement "d. The income statement for a given year is designed to give us an idea of how much the firm earned during that year." is CORRECT because In accounting, the income statement is a financial statement that shows in an orderly and detailed way how the result of the year was obtained during a given period.
This financial statement is closed, since it covers a period during which the costs and expenses that gave rise to its income must be perfectly identified. Therefore, it must be perfectly applied at the beginning of the accounting period so that the information presented is useful and reliable for decision making.
Answer:
It would harm the union and benefit the Friendly Airlines
Lower
high transaction costs
Explanation:
Inflation is the persisistent rise in general price level.
The total increase in income is 7% due to a 2% increase in real income and an expectation of 5% inflation.
Instead, if inflation turn out to b 6%. Increase income ought to be 8% and not 7%.
Hence the union losses and the company gains because they would be paying less than they ought to pay.
Real wages is lower as a result
I hope my answer helps you.
Project managers must manage the Critical Path which consists of all tasks that must start and finish on schedule or the project will be delayed unless corrective action is taken.
Hope this helps!
Answer:
more people are shopping online, not being advertised, or are too small to grow. the government should not give tax breaks because everyone should be treated the same
Explanation:
Answer:
low interest rates cause people to hoard money, making output and employment stagnate.
Explanation:
The Liquidity trap is a keynesian Microeconomics situation wherein interest rate offered are very low and saving rates are comparatively high. This induces consumers to save money in cash and not invest their money in bonds and other investment options. This trap not only affects investment in economy but also other areas because of low investment by people , business will start producing low and hiring will also be lowered.
One of the solution to avoid liquidity trap is to increase interest rate so that people are motivated to invest.
