Answer:
The firm’s beginning cash balance on June 1 is $ 205.
Explanation:
We have to use the following the formula to reach to the beginning cash
Beginning Cash balance june 1 = Beginning cash balance may 1 + sales - expenses
Beginning Cash balance june 1 = [$175] + [$430] - [$110 + $290]
Beginning Cash balance june 1= $ 205
Important. The may sales are not included in the calculation because accounts receivable time is 30 days, so may accounts receivable wont be collected until june.
Answer:
The correct answer is: cut spending equal to the reduction in tax revenue.
The correct answer is: The negative consequences of the recession are magnified.
Explanation:
Recession is likely to cause a reduction in the aggregate demand, consumer income, and spending will decrease as well. As a result, the tax revenue to the government will fall as well.
A balanced budget means that government expenditures should be equal to revenue. So if the government wants to have a balanced budget it needs to reduce its spending by the same amount as the reduction in the tax earnings.
This will lead to a reduction in the aggregate demand further magnifying the effects of the recession.
Motorcycle loan, car loan, credit card bill, mortgage.
If you own your home, that would be considered an asset. Liabilities are financial obligations, or things that you will be required to pay.
The answer is telecommuting.
It can also be called as e-commuting. It is a kind of work arrangement where employee works from home or outside the brick-mortar office. (think coffee shops, libraries).
Instead of physically "commuting" to the office, the worker makes use of telecommunication links like the internet, to communicate thru email or phone all his work concerns. Other types of technology used can include video conferencing for meetings, and project management via app or remote software.
Answer:
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)
