Answer:
True
Explanation:
There are two reason which suggest that action will generate greater inequality.
1. some amount is stolen by government official thus fund is getting allocated to person who are already self-sufficient hence causing inequality
2. even left portion of fund is not allocated proportionally to all the area and thereby increasing the inequality.
In simpler terms, the theory of comparative advantage refers to the possibility of one given economic actor to produce the same good which is of the same size and quality. This becomes a force behind trade because there are specific materials that are found in specific area in the Philippines only.
Doing trading is I think is better than being self-sufficient .
<span>Ethics is incredibly important when it comes to financial reporting and accounting, so important that the government saw fit to pass a law that regulates the actions of businesses and how ethical they are when it comes to how they report. The reason that ethics is so very important when it comes to the economy of the country is because if there is a reason to believe that companies are using unethical practices in reporting, it allows investors and creditors to back away and not offer any more financial backing.</span>
Answer:
gain on sale 40,000
RoI 200%
Explanation:
The gain will be:
sales - cost = gain
240,000 sales price
- 200,000 cost
40,000 gain
<u><em>If the loan generate interest, those interest should be subtracted.</em></u>
return on investment
the loan is not part of the investment, only the 20,000 you invest is consider.
40,000/20,000 = 200%
Answer:
a. $522 repayment of a loan from an employee. Firm B loaned $500 to the employee six months ago, and the employee repaid the loan with interest.
-
Firm B should recognize $22 as interest income.
b. $600 deposit from a customer who rented mechanical equipment. Firm B must return the entire deposit when the customer returns the undamaged equipment.
-
The deposit cannot be recognized as income since it is a liability.
c. $10,000 short-term loan from a local bank. Firm B gave the bank a written note to repay the loan in one year at 9 percent interest.
-
Interests ($900) will be recognized when they are actually paid for in 1 year. No accrued interests must be reported on the balance sheet (December 31).
d. $888 prepaid rent from the customer described in part b. The rent is $12 per day for the 74-day period from December 17 through February 28.
- The $888 will be recognized as revenue during the current year.
Explanation:
When a taxpayer is a cash basis taxpayer, it will only report income and expenses that are actually collected or paid for respectively. All accounts receivable or accounts payable are not considered revenues nor expenses.
