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3 years ago

True or false if something is legal, it is also ethical

1 answer:

4 0

false, every person has a different definition of what is ethical ex. abortions, immigration (issues of separating families) take literally political issue today and the ethicality of it can be argued

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How did trickle-down economics claim to increase government tax revenues?

chubhunter [2.5K]

<span>How did trickle-down economics claim to increase government tax revenues? By lowering tax rates. Lower tax rates helps the people by giving them a tax break that the wouldn't otherwise get. Paying taxes becomes expensive and it helps those when taxes decrease because they are able to keep more of their income and afford more than they would be able to otherwise. </span>

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4 years ago

People who like working with their hands might enjoy a career as a

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Massage therapist or professional Typer

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3 years ago

Read 2 more answers

Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1

Mamont248 [21]

To record final annual interest and bond repayment:

2017

Mar 1

Bonds interest expense $25,400

Bonds payable $254,000

Cash $279,000

On March 1, 1997, the date of issuance, the entry is:

1997

Mar 1

Cash $254,000

Bonds payable $254,000

On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

Bond Interest Expense ($100,000 x 12% x 1) $25,400

Cash $25,400

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4 years ago

When potential real GDP is equal to 70, this economy is in recession . The amount of the shortfall in planned aggregate expendi

leonid [27]

Answer: Option (D) is correct.

Explanation:

If the potential GDP is 70 and economy is in recession. Potential GDP is the GDP of an economy which can be achieved with the best utilization of economy's resources.

The amount of the shortfall in planned aggregate expenditure is equal to the vertical distance between the 45 degree line and the AE = Y, at a level of potential real GDP.

This is also shown by an arrow in the diagram.

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4 years ago

On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account

slava [35]

Answer:

1. $372,150

2. $650

Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

= $386,000 + $2,895,000 - $2,905,000 - $3,850

= $372,150

2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

= Allowance for Doubtful Accounts (a credit balance) on January 1, 2019 - uncollectible accounts receivable

= $4,500 - $3,850

= $650

3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

To Allowance for Doubtful Accounts $3,150

(Record adjusting entry for bad debt expense estimate)

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3 years ago