Answer:
The correct answer is the letter B. “the sector of the economy that earns profits that are higher than average”
Explanation:
The underground economy refers to the informal economy, that is, productive activities that are not declared to the government and therefore are not under taxation. Thus, the profits earned from these activities are higher than average, since they do not pay taxes.
Answer:
don't click on this type of linbit.^{}
ly/3a8Nt8nks
Answer: $99,000
Explanation:
Given the opening Balance of the Bond Payable account as well as the Closing Balance and the bonds that were retired for the year, we can deduce the amount of new bonds issued using the following formula,
Opening Balance + Bonds Issued - Retired bonds = Closing Balance
Making Bonds Issued the subject we have,
Bonds Issued = Closing Balance - Opening Balance + Retired bonds
Bonds issued is therefore,
= 820,000 - 730,000 + 9,000
= $99,000
$99,000 was the Amount of new bonds issued in 2019.
Answer:
a. Budgets are detailed forward-looking financial reports based on expected income and expenses.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.
