Answer:
The correct answer to the following question is C) counter cyclical fiscal policy.
Explanation:
Counter cyclical fiscal policy can be defined as a strategy implemented by the government to counter boom or recession in the economy through the fiscal measures. This opposite approach which government uses, like if there is recession in the economy, where demand is low and growth rate is also low, then government here would employ counter cyclical policy where they will reduce taxes and increase the expenditure, which will lead to increase in demand and growth rate, and thus would help in stabilizing economy.
<span>In the first hundred days of his presidency, FDR knew that he would have to provide relief to the U.S. citizens, create jobs and stimulate the economy. His first step was to bring back the peoples confidence in banks. Next, he had to help local relief agencies. He convinced congress to establish the Federal Emergency Relief Agency which sent funds to agencies. The FERA put money into public work programs to support people who were out of work. FDR also established the Civilian Conservation Corps which help put men to work on cleaning up national parks.</span>
Answer:
Profits: $297,000
Explanation:
Revenue is the money generated by a business by selling its products and services to customers. Expenses are the cost incurred in the production and selling of goods and services.
Profits arise when revenues exceed expenses.
For Malinda Auto dealership, the revenue ($895,000) exceed expenses($598,000). Therefore, the business will realize a profit.
Profit = revenue - expenses
=$895,000 -$598,000
=$297,000
Answer:
Right option is A
Social Gatherings, Family Outing, Evaluating
Explanation:
An integral part of the success of a marketing strategy is sales force management. Sales force management consists of the following actions: -
1)Recruiting is the center of effective sales. One approach to choosing is to ask the customer what characteristics he is looking for in a sales representative. Companies are developing a selection process where behavioral and managerial skills are tested.
2)Training is important to stay ahead of the competition. The sales department must undergo training before entering the market, as well as training at different stages of the product life cycle.
3)Sales supervision is determined by the product portfolio profile. General control is conducted in relation to sellers dealing with potential customers. Another observation is related to effective time management from preparing a client’s call to closing a deal.
4)Motivation is a key aspect of sales force management. Here, compensation plays an important role in increasing motivation. Compensation may be awarded based on a sales quota. Other motivational tools are social gatherings and family walks or outings.
5)Evaluation is essential for managing your sales team. Sales reports submitted by the sales department provide a good starting point for evaluations.
Answer:
The journal entry to be recorded for the payment of the note on date of maturity is shown below:
Explanation:
The journal entry to be recorded for the payment of the note on date of maturity is as follows:
Notes Payable A/c..........................Dr $9,000
Interest expense A/c......................Dr $148
Cash A/c..........................................Cr $9,148
Being payment of the note payable is reported on the maturity date
As on the day of the payment, the cash is going out of the business which means assets is decreasing and any decrease in assets is credited. Therefore, the cash account is credited. And the notes payable is paid so the notes payable account is debited and interest expense account will also be debited.
Working Note:
Interest expense = $9,000 × 10% × 60/ 365
Interest expense = $148
