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JulsSmile [24]
3 years ago
12

Individuals play what role in the economy?

Business
2 answers:
Jobisdone [24]3 years ago
7 0
They are consumers but they can also sometimes be producers
Lilit [14]3 years ago
6 0
I think they are the consumers. also they are what makes the decisions ._. <span />
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Which one of the following types of charitable contributions is NOT deductible for federal income tax purposes?
Fofino [41]

Answer: B.

Explanation: Contributions to individuals, foreign governments, foreign charities, and certain private foundations similarly are not deductible.

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2 years ago
Savings Goals
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2 years ago
After learning about inflation and some of its history, what would be the inflation target that is most advisable for an economy
Talja [164]

Answer:

1-2%

Explanation:

In simple words, every nation in the world have some kind of central authority that works to control and keep the inflation as low as possible. However, too low inflation can also lead to recession which brings problems way worse than inflation.

Thus, keeping in mind about all the information we have studied, it is advisable to keep inflation at 1% or 2% band, so that economy can grow moderately along with no price pressure on consumers.

8 0
2 years ago
The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,00
Alisiya [41]

Answer:

Inventory should be increased by $3,500

Explanation:

Calculation for What adjustment to inventory should be made under IAS 2 after this event

Adjustment to inventory under IAS 2= 13,000 - 9,000- 500

Adjustment to inventory under IAS 2 = $3,500 Increased

Based on the above calculation the adjustment to inventory that should be made under IAS 2 after this event is that Inventory should be increased by $3,500.

8 0
3 years ago
Bonita Industries took a physical inventory on December 31 and determined that goods costing $210,000 were on hand. Not included
UNO [17]

Answer:

$258,500

Explanation:

The terms FOB shipping point indicates that ownership of the goods will passes to the buyer immediately the goods are accepted or collected from the seller by the public carrier. Since the goods in the question are already in transit, they should be added to the closing stock.

FOB destination destination implies ownership of the goods passes to the buyer at the destination. Since the goods in the questions are still in transit, they should be included in the closing stock.

Therefore, we have:

December 31 inventory = $210,000 + $24,000 + $24,500 = $258,500

Therefore, Bonita should report $258,500 as its December 31 inventory,

6 0
3 years ago
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