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3 years ago

In three to four sentences, explain how an increase in government spending can increase the national debt.

2 answers:

4 0

If the government spends more money, but doesn't increase taxes, they have to borrow money from other countries in order to spend it. If we borrow money from other countries, then our country owes their country. When we owe something, that is called debt.

____ [38]3 years ago

3 0

Knowing that spending costs money and debt is the collection of owed money, the more you spend, the more you owe. The government has a plentiful sum of money and also has accumulated a huge sum of debt. And everyday they produce more. For their debt to increase a more rapid rate, they could increase funding.

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What are two ways you have already contributed to your personal human capital? explain why.

Margaret [11]

You have by being savage

8 0

3 years ago

Read 2 more answers

On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche

ahrayia [7]

Answer and Explanation:

a. The required balance of allowance for doubtful debts is shown below:

Particulars Account receivable % Estimated uncollectible

Not yet due $860,000 1.20% $10,320

1 to 30 days $344,000 1.95% $6,708

31 to 60 days $68,800 6.45% $4,438

61 to 90 days $34,400 32.50% $11,180

Over 90 days $13,760 67.00% $9,219

Estimated balance $41,865

b. The adjusting entry is

Bad debt expense Dr ($41,865 - $14,000) $27,865

To Allowance for doubtful debts $27,865

(being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the assets

8 0

4 years ago

Two brands of water, natural water and mountain water, are close substitutes. if the price of mountain water decreases, the f

nikdorinn [45]

Substitute goods are those goods which as a result of change in market conditions such as changes in price can replace one another for example mountain water and natural water. They are goods with positive cross elasticity demand unlike the complementary goods (goods that are used together). In this case, if the price of mountain water decreases, the fall in price shifts the demand curve for natural water leftward. This means there will be an increased demand for mountain water and a decreased demand of natural water.

7 0

3 years ago

The revenue recognition principle requires that revenue be recorded: In the same period as the expenses incurred. When the goods

sasho [114]

Answer:

When the goods or services are provided to customers.

Explanation:

Revenue recognition principle requires that the revenue berocorded when goods or services associated with it are delivered or performed. If you receive cash for the services to be performed then ot should not be recorded in the revnue until you provide the services. You should recorded it as the deffered income in the books.

6 0

3 years ago

The following is the adjusted trial balance for Baker Services. Accounts Debit Credit Cash $34,000 Accounts Receivable 28,000 Pr

marta [7]

Answer:

Ending RE 153,000

Explanation:

Retained Earning will be calcualte as follows:

$$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning$

We need to solve for the net incoem in order to solve for ending Retained Rearnings (RE)

Net Income: Revenues - Expenses

Service Revenue 280,000

Salaries Expense (62,000)

Depreciation Expense (5,900)

Supplies Expense (14,000)

Insurance Expense (14,600)

Utilities Expense <u> (20,000) </u>

Net Income 163,500

Retained Earnings 11,500

Net Income 163,500

Dividends (22,000)

Ending RE 153,000

7 0

4 years ago