It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find budget deficit more attractive during recession.
<h3>What is budget deficit?</h3>
Budget deficit occur when the government spending or expenditure is more than the revenue.
It will be hard to institute fiscal policy based on the fact that politicians will find budget deficit more attractive during recession in which on the other hand they will be unwilling to run budget surplus when their is an expansion.
Therefore they will find budget deficit more attractive during recession.
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These are some of my personal benifits of strategic management process:
It allows organizations to be proactive rather than reactive. A strategic plan allows organizations to foresee their future and to prepare accordingly.
It sets up a sense of direction.
It increases operational efficiency.
It helps to increase market share and profitability.
It can make a business more durable.
I hope it helped you!
<em>In a firm's income statement, interest payments on debt are deducted </em><em>before </em><em>corporate taxes are calculated, which</em><em> reduces</em><em> the firm's tax liability.</em>
<h3>Income statement: What is it?</h3>
An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.
<h3>What is displayed on a firm's income statement?</h3>
The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.
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Answer: • provide a permanent record for the cost of goods sold account
• monitor costs incurred to date and to predict and control costs for each job.
• provide a subsidiary ledger for the finished goods inventory account.
Explanation:
Job cost sheet refers to the document that is used for the recording of the manufacturing costs and it is used as a subsidiary ledger for the work in process account due to the fact that it contains every details about the job in process.
From the options given, the job cost sheets can be used to:
• provide a permanent record for the cost of goods sold account
• monitor costs incurred to date and to predict and control costs for each job.
• provide a subsidiary ledger for the finished goods inventory account.
