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lord [1]
3 years ago
12

A recession tends to cause the federal budget deficit to ________ because tax revenues ________ and government spending on trans

fer payments ________.
a) increase; rise; falls
b) increase; fall; rises
c) decrease; rise; falls
d) decrease; fall; rises
Business
1 answer:
AveGali [126]3 years ago
3 0

Answer:

b) increase; fall; rises

Explanation:

Federal budget comes from tax revenues and was drained by transfer payments.

In a recession, firms go out of businesses and people don't spend much. There will be less tax on goods and firms' profits. On the other hand, more people become unemployed  and become entitled to receiving transfer payments.

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kolbaska11 [484]

Answer:

Total current liabilities      13,800

Explanation:

Current Liabilities:

Obligation to pay or do within a year.

We are on Dec 31th 20X2 so anything due on Dec 31th 20X3 or before this date, will be current.

Note payable                   2,000 (due nov 1, 20X2)

Discount on NP                  (500)

Note payable net              1, 500

Unearned Revenues         9,200

(80% of the 11,500 will be provided during the  year)

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the allowance for doubtful account is a contra-asset account not a liability account.

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5 0
3 years ago
A tax that remains constant for any given income level is called:
Sophie [7]

Proportional tax is what we call the tax that is set to be fixed, regardless of what an individual’s taxable base amount is. An example of such a tax is sales tax, which remains the same for all income levels.

5 0
3 years ago
Kim was a part of a team with a big project deadline. to get the job done, he assumed a leadership role. this type of leadership
dybincka [34]
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4 years ago
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harina [27]

Answer:

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Explanation:

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trapecia [35]
I think the correct value to fill in the blank would be 6 inches. Food should be stored at least 6 inches off the floor and 18 inches from the walls in order to decrease the possible condensation in the food that is brought by the differences in the temperature between the surface and the container of the food. 
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