The government has various reasons for this. first of all, when the living standards are raised, the people will have more disposable income. this allows the people to start buying goods hence the demand will increase. when the demand increases, more tax may also be collected and more supply may be created...this creates jobs as well.
also, an increase in living standards will mean more happy people. this will increase their productivity hence production is increased which can increase amount of tax collected or even increase supply hence make goods cheaper overally.
last but not least, this will help in improving the health and nutrition of the people as less people will be sleeping hungry and less people will be falling sick. this will allow the government to reduce its spending on the health amenities so that money could be used somewhere else.
Answer: See explanation
Explanation:
1. Calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.
The first year's net earnings under the cash basis of accounting will be:
Service revenue = $23400
Less: Expenses = $14310
Net income = $9090
The first year's net earnings under the accrual basis of accounting will be:
Service revenue = $29500
Less: Expenses = $15500
Net income = $14000
2. Which basis of accounting (cash or accrual) provides more useful information for decision-makers?
It should be noted that the accrual basis of accounting gives decision makers more useful information. This is due to the fact that the decision makers will probably want to know the revenue and the expenses that were incurred for a particular period and every other necessary details.
Answer:
Debit Delivery truck for $36,000
Debit Machinery acccumulated depreciatio for $11,000
Credit Machinery for $35,000
Credit Cash for $5,000
Credit Gains on disposal of Machinery for $7,000
Explanation:
The entries will be as follows in the book of Haley's Hamburger's
<u>Details Dr ($) Cr ($)</u>
Delivery truck 36,000
Accumulated dep. - Machinery 11,000
Machinery 35,000
Cash 5,000
Gains on disposal of Machinery 7,000
<em><u>To record an exchange of some long-term assets with Barry's Burgerlicious.</u></em>
Answer:
This represents its "frequency".
Explanation:
Frequency of a marketing message refers to how many times a target market or potential customers are exposed to the marketing message.
This is similar to "reach" but with a slight difference. Reach refers to the number of customer who have come across the message.
For example, it is possible for one customer to see the message five times. Frequency takes this into account while reach does not.
