All categories

3 years ago

As a general rule, the underground economy in a country will be bigger when

Business

2 answers:

Tema [17]3 years ago

4 0

As a general rule, the underground economy in a country will be bigger when their is larger redtape.

Redtape refers to increased government regulation, formalities, taxation and bureaucracy that becomes a burder to the general consumer, small business person and larger corporations.

It can eventually prevent large companies from making investments, hinder free thinking, and actually encourage the growth of an underground 'black' economy.

Hence, for the government to reduce this under ground economy, they need to make government simple and effective for everyone.

Vlada [557]3 years ago

3 0

As a general rule, the underground economy in a country will be bigger when the red tape is oppressive.

Oppressive means to have hardship or constraint on a specific group.
The Red Tape meaning is to have excessive rules and regulations in businesses.

You might be interested in

Some of the ledger accounts for the Sanderson Hardware Company are listed below. For each of the October 2021 transactions numbe

77julia77 [94]

Answer:

1. Paid a cash dividend.

Account Debited: Retained earnings

Account Credited: Cash

2. Paid rent for the next three months.

Account Debited: Prepaid rent

Account Credited: Cash

3. Sold goods to customers on account.

Account Debited: Account receivables

Account Credited: Sales revenue

4. Purchased inventory on account.

Account Debited: Inventory

Account Credited: Accounts payable

5. Purchased supplies for cash.

Account Debited: Supplies

Account Credited: Cash

6. Paid employees wages for September.

Account Debited: Wages payable

Account Credited: Cash

7. Issued common stock in exchange for cash.

Account Debited: Cash

Account Credited: Common stock

8. Collected cash from customers for goods sold in 3.

Account Debited: Cash

Account Credited: Account receivables

9. Borrowed cash from a bank and signed a note.

Account Debited: Cash

Account Credited: Notes payables

10. At the end of October, recorded the amount of supplies that had been used during the month.

Account Debited: Supplies expenses

Account Credited: Supplies

11. Received cash for advance payment from customer.

Account Debited: Cash

Account Credited: Unearned revenue

12. Accrued employee wages for October.

Account Debited: Wages expenses

Account Credited: Wages payable

4 0

3 years ago

What is the calculation used to determine the estimated annual interest amount a borrower will pay on a loan?

PIT_PIT [208]

The calculation used is mentioned as

$Annual\ Interest\ Amount\ =\frac{Loan\ balance\ X\ Interest\ Rate}{12}$ .

What is Annual Interest Amount?

An interest rate is written as an annual percentage rate. It factors in variables like monthly payments to determine what proportion of something like the principal you'll be paying yearly. APR is another term for the yearly rate of interest payable on investments that does not take into account the annual compounding of interest.
What you still owe just on mortgage principal is known as the loan balance. The loan balance is calculated as the difference here between initial mortgage balance and the sum of your principal payments. It's crucial to be aware of your loan's balance.
An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate refers to the amount you pay for borrowing money and is expressed as a percentage of the overall loan amount.

The calculation used is illustrated as :

$Annual\ Interest\ Amount\ =\frac{Loan\ balance\ X\ Interest\ Rate}{12}$

Learn more about Annual Interest Amount here:

brainly.com/question/2151013

#SPJ4

7 0

2 years ago

Exercise B: Assume you had invested $1,000 in a lawn mower to set up a lawn mowing business for the summer. During the first wee

andrew11 [14]

Answer:

$\left[\begin{array}{cccc}&$mow grounds&$paint garage&$Differential\\$Revenue&1400&1360&\\$Cost&-160&-80&\\$Net &1240&1280&-40\\\end{array}\right]$

It is better to paint the garage this week as provide better relevant yield.

Explanation:

The 1,000 invested in the law mower ware sunk cost as it is already incurred. After this week we will be still be able to take jobs ralated to the lawn mower.

We must base our analysis in the future cost associate with each alternative.

These are the revenue of each job and the additional cost.

The transportation as they are equal to both alternative are disregarded.

4 0

3 years ago

Which part of a food label is the primary tool for determining the healthfulness of the product?

Klio2033 [76]

Answer: (B) Nutrition fact panel

Explanation:

The nutrition fact panel is one of the primary tool which is used for determining the nutrition and also the healthfulness of the given material and the products.

The nutrition fact panel is the part of the food label and it providing the information about the content of nutrient in the food and the various types of beverages.

It basically provide the information about the sodium, fat content and the sugar.

Therefore, Option (B) is correct.

6 0

3 years ago

Because services are inseparable, they cannot be tried before they are purchased. To counteract this, a service firm might:

sdas [7]

Answer:

A, Offer a guarantee for the customer's complete satisfaction.

Explanation:

SInce services are inseperable beacuse there cannot be trials unlike in some goods, the only way to keep a customer's mind at rest over the service he or she is getting to give a guarantee as to the quality of the service such that the customer is satisfied and can purchase the service.

For example, giving a customer a time frame for the durability of a service and also a consideration for re-service before the set or supposed time is a way of giving customer guarantee about a service he or she is purchasing

Cheers.

4 0

3 years ago