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Olin [163]
3 years ago
10

When a purchase order is released, a commitment is made by a governmental unit to buy a computer to be manufactured to specifica

tions for use in property tax administration. This commitment should be recorded in the general fund as a(n) General capital asset. Appropriation. Expenditure Encumbrance
Business
2 answers:
Vladimir79 [104]3 years ago
8 0

Answer: Encumbrance

Explanation:  The commitment made by a governmental unit to buy some product for use in administration is recorded in the general fund as an encumbrance which is defined as an interest, right, burden or liability that must be carried. As such, an encumbrance ensures that there will be enough funds available for the payment of certain governmental obligations and commonly refers to restricted funds in the general fund account.

dedylja [7]3 years ago
5 0

Answer:

Encumbrance

Explanation:

An encumbrance is a portion of a budget set aside for spending required by law or contract. Like the budget itself, an encumbrance is a projection and not yet a reality. If business conditions continue as they are when you set the budget, then the encumbrance will become an expense.

The most common types of encumbrance apply to real estate; these include mortgages, easements, and property tax liens. Not all forms of encumbrance are financial, easements being an example of non-financial encumbrances. An encumbrance can also apply to personal – as opposed to real – property.

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The theory that higher-income taxpayers should be taxed less because their savings and investments stimulate the economy is know
Varvara68 [4.7K]

Answer:

The correct answer is: supply side economics.

Explanation:

Supply-side economics is a macroeconomic theory which advocates lowering of taxes and decrease in regulation to boost economic growth. It is directly in contrast to demand-side economics.  

This theory focuses on reducing taxes, decreasing regulations on producers and declining borrowing rates.  

This theory states that economic growth can be stimulated by boosting investments through tax reduction.

6 0
3 years ago
A severe freeze has damaged the Florida orange crop. The impact on the market for orange juice will be a leftward shift of
EastWind [94]

Group of answer choices.

A. the supply curve, resulting in a lower equilibrium price.

B. the supply curve, resulting in a higher equilibrium price.

C. the demand curve, as consumers try to economize because of the shortage.

D. the demand curve, resulting in a price ceiling in the market.

Answer:

B. the supply curve, resulting in a higher equilibrium price.

Explanation:

In this scenario, a severe freeze has damaged the Florida orange crop. Thus, the impact on the market for orange juice will be a leftward shift of the supply curve, resulting in a higher equilibrium price.

An equilibrium price can be defined as the price at which the quantity of goods demanded is equal to the quantity of goods supplied.

Additionally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

7 0
3 years ago
"Financial resources are the lifeblood of any office." Justify this statement.​
dedylja [7]

Answer:

Without financial stability, and office can not function properly.

Explanation:

Ex:

unpaid light bill = dysfunctional office

5 0
3 years ago
Read 2 more answers
On December 16, 2015, B. Darin Company received $5,000 from S. Dee Company for rent of an office owned by B. Darin Company. The
WITCHER [35]

Explanation:

The journal entry is shown below:

Unearned rent revenue Dr  $1,250

              To Rent revenue  $1,250

(Being the unearned rent revenue is recorded)

The computation is shown below:

= Received amount ÷ number of months × given number of months

= $5,000 ÷ 2 months × 0.5 months

= $1,250

So it include a debit to unearned rent revenue for $1,250 and credit the rent revenue for $1,250

4 0
3 years ago
Steve went to his favorite hamburger restaurant with $3, expecting to buy a $2 hamburger and a $1 soda. When he arrived, he disc
Tcecarenko [31]

Answer:

The income effect

Explanation:

The income effect refers to an increase in the purchasing power of customers simply because the products or services that they want to buy are cheaper. Since the price of the products or services decreases, the customers are able to purchase a higher quantity of them.

7 0
3 years ago
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