New materials and products and ingredients. innovation, breakthroughs developments.improved production processes and business modules
Government increases its spending when the economy is expanding, automatic stabilizers increase the government spending multiplier.
Automatic stabilizers offset fluctuations in economic interest without direct intervention by policymakers. when incomes are excessive, tax liabilities rise and eligibility for authorities blessings falls, with no trade in the tax code or other legislation.
All through a monetary increase, automated stabilizers enable the government to chill off expansion or even fight inflation. while earnings fall, the identical stabilizers can position cash returned in the machine by means of tax refunds, welfare assessments, and other strategies to permit huge quantities of government spending.
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Answer:
Journal entries to record Doubtful's income tax expense for the current year.
No Account titles and Explanation Debit'$ Credit'$
1 Income tax expense 8,945,000
Deferred tax asset 3,800,000
[(42,000,000*35%) - 18,500,000]
Income taxes payable 5,145,000
[(14,700,000*35%)]
(To record tax expenses)
2 Income tax expense 1,270,000
Valuation allowance - deferred tax asset 1,270,000
(3,730,000 - 5,000,000
(To record valuation allowance)
Automated tasks
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Answer:
The options in the question are not well aligned,find below question with properly aligned options:
A subsistence economy is one that ________.
a. meets its needs without working for wages and purchasing necessities
b. meets its needs by overfishing lakes and rivers
c. purchases resources for immediate use
d. meets is needs while causing ecosystem destruction
e. purchases goods and services from others
Hence the correct option is A,meets its needs without working for wages and purchasing necessities
Explanation:
In a subsistence economy,every household provides for its own basic needs,without any need for specialization that leads to exchange.
Specialization is act of engaging in what one knows how to do best, that way efficiency and effectiveness are guaranteed, as every output would have been given a professional touch.
Exchange is the process by which individuals buys their needs from others using money earned from their own specialty as a medium of exchange
