Answer:
The correct answer is letter "C": tax.
Explanation:
The Federal Income Tax is collected by the U.S. <em>Internal Revenue Service</em> (<em>IRS</em>) based on the annual earnings of individuals, corporations and all legal entities. It is considered to be the largest source of revenue for the government. In general, they are called taxes.
Answer: In Dwight Eisenhower's speech the key points he was trying to make were <em>using scarce resources involves trade offs </em>and the <em>United States government only had so much money.</em>
The correct answers are A and B.
Explanation:
The speech that was given by Eisenhower in 1953 was called "The Change of Peace." He states in this speech that if there is a danger that exists anywhere in the world, then it is shared by all the people. He goes on state that hope should be equally shared by all the people. He then speaks about atomic warfare and atomic bombs and how the U.S and Russia knows the secrets to atomic bombs.
Answer:
Final Good
Products that are bought by individuals or households for personal use.
Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange.
Answer:
C. $12,000 under the cash method and $4,000 under the accrual method
Explanation:
Under the cash basis of accounting, whenever an amount is received or paid, it is recognized in the books of accounts
Whereas, on the accrual basis of accounting, the cash received / payment or not it is recognized in the books of accounts. It is recorded when it is earned not when it is received or paid.
So, by this above information
The cash method would recognize $12,000 ($1,000 × 12 months)
Whereas
The accrual method would recognize $4,000 ($1,000 × 4 months)
We assume the books are closed on December, 31
