The first of two significant fiscal policy initiatives enacted by the government during the great recession, signed in February 2008 by President George w. bush was the Economic Stimulus Act of 2008.
During recessions, governments can adopt expansionary fiscal policies by lowering tax rates to boost aggregate demand and boost economic growth. In the face of rising inflation or other signs of economic expansion, governments can pursue contractionary fiscal policies.
Governments can use fiscal policy (increased government spending and tax cuts) to stimulate the economy during recessions. A fiscal multiplier is an estimate of the increase in output caused by a particular increase in government spending or tax cuts.
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Property rights are: b. The right that individuals or firms have to buy or sell their property, and the exclusive use of their property
These properties can either be owned by the government, an organization or an individual. The right to property has four properties or rights:
Good’s usage
Make money from the goods
Sell the good to others
Property rights administration
Answer:
To know what things they should buy and how much they should pay
Explanation:
Answer:
a. Groupo sells goods to MTN for $1,000,000, payment due at delivery.
- transaction price = $1,000,000
- revenue recognized once the goods are delivered
No journal entry is required until goods are delivered and accepted.
b. Groupo sells goods on account to Grifols for $800,000, payment due in 30 days.
- transaction price = $800,000
- revenue recognized immediately since goods were already delivered
The journal entry:
Dr Accounts receivable 800,000
Cr Sales revenue 800,000
c. Groupo sells goods to Magnus for $500,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $464,000.
- transaction price = $480,000
- revenue recognized immediately since goods were already delivered
The journal entry:
Dr Notes receivable 500,000
Cr Sales revenue 480,000
Cr Discount on notes receivable 20,000
Answer:
The answer is "managerial accountant".
Explanation:
The economic circumstances collect and earned value collection of data, evaluating and presenting financial information for the organization or the management team of the company. These statistics will then be used to make sensible financial decisions that really can benefit the overall growth of the organization.
Managers were employing company and organizational accounts to monitor internal financial processes, revenue, spending, and budget, submit reports, determine past trends and forecast future needs, and aid economic decisions.
