Answer: A - vested interests in the status quo
Explanation: Vested interests in the status quo is when people derive their income, job, status or power from something they have an interest in.
Even if the situation causes obvious harm to people or the environment, they work to keep the status quo for economic reasons. This causes a conflict of interest between what is good for the individual in the short term and what is good for humanity and the planet in the long term.
Vested interest structures impede and suppress innovations that would benefit society as a whole. The most practical solution is to implement a guaranteed livable income which would immediately reduce the impact and number of vested interests, and would free humanity to evolve and save the environment before it is too late.
Answer Balance sheet December31
$
Common stock. 100,000
Paid in capital. 3,600,000
Retained earnings. 1,610,000
Total. 5,310,000
Explanation:
The equity section of the balance sheet contains the equity issued and other capital provided by the owner for running the company.
The retained earnings represents balance from the previous years income accounts balance.
The current year income account balance at the year end is added to the accumulated retained earnings balance at the beginning of the year.
This is why $510,000 was added to $1,100,000.
Answer:
It will cause a major problem in case the client adds new deposit to an income account instead of receiving a payment.
Explanation:
Account receivables are the record of the invoices for which the client has not made payment yet. If the client adds a new deposit categorized to an income account instead of receiving a payment against the invoice, the first major problem would be that the Accounts Receivable balance of the client will not be accurate. It will create duplicate expenses as there was an entry made for a new deposit.
The second problem will be as a result of the first one that, the income account will show duplicate income and correct the correct income will not be recorded.
Answer:
$13000
Explanation:
There are two types of incomes; disposable income that is the income after paying income tax, and discretionary income that is the income after paying income taxes and necessities. Overall, the Manuel Acala made $28000; he paid $5000 in taxes.
Disposable income= $28000-$5000 = $23000
He spent $10000 on food
Discretionary income = $23000-$10000= $13000
When taxes are cut, the type of policy that is being conducted is a expansionary fiscal policy.
<h3>What is a
expansionary fiscal policy?</h3>
Fiscal policies are policies enacted by the government to control the money supply in the economy. Fiscal policy can either be contractionary or expansionary.
Expansionary fiscal policy is when the government increases the supply of money in the economy. This can be done either by reducing the taxes or increasing their level of spending.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing their spending or increasing taxes.
To learn more about fiscal policies, please check: brainly.com/question/25716528
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