Answer:
The new truck will enter the account with the invoice value.
new truck 122,000
ac dep old truck 44,000
loss on trade 22,000
Cash 110,000
Old Truck 78,000
Explanation:
Old truck 78,000
acc depreciation 44,000
net-book value 34,000
trade-in allowance 12,000
loss on trade 22,000
The new truck will enter the account with the invoice value.
Suppose that Karen deposits $500 into her checking account at the bank. The reserve requirement for Karen'sbank is 12%. Assume the bank does not want to hold any excess reserves of new deposits.a. Use this information to complete the table below to show how the bank's assets and liabilities change whenKaren deposits the $500.AssetsLiabilitiesChange in Reserves: $Change in Deposits: $Change in Loans: $b. Why are deposits considered liabilities for a bank?Deposits can be loaned out by the bank.Deposits can be withdrawn at any time.Deposits pay interest to the owner.Deposits must be kept as reserves at the Federal Reserve.14.value:10.00 pointsAssume the economy is currently in equilibrium at its full-employment level of output, the money market is inequilibrium, and the MPC = 0.75.a. Suppose there is a decrease in consumer confidence that causes aggregate demand to decrease by $32billion. Show the decrease in aggregate demand on the graph.Instructions:Use the tool provided 'Aggregate Demand' to plot the new aggregate demand curve. Use the toolprovided 'New GDP
<span>Based
on the graph, the expansionary fiscal policies affect the economy by letter B; the
government increases spending to raise output of goods and services and create
jobs in the short term. Expansionary fiscal policies are considered useful
strategy amidst recession. The raise in the demands of goods and services may
result to the increase of production thus, generate more jobs to people. Since
people are now employed, then, more people will spend for the goods and
service, and the cycle continues.</span>
Answer:
The five main characteristics of a c corporation are:
- limited liability: the owners' liability is determined by the amount of money they invested in purchasing the corporation's stock.
- corporations are owned by stockholders: every single stockholder owns a piece of the corporation, the size of that piece is determined by the amount of stocks.
- double taxation: owners of the corporation suffer from double taxation because first the corporation must pay corporate taxes and then the owners must pay income taxes when they receive dividends.
- corporations are separate entities: corporations exist by themselves, they are born when they are created and die when they are dissolved.
- corporations are professionally managed: the owners elect a board of directors and the board is responsible for hiring professional management.
Explanation:
