Answer:
The correct answer is: a decrease; an increase.
Explanation:
What can be done? Pressing the rich to pay their taxes does not work. Often, tax administrations are too weak to disturb the rich. On the contrary, governments must be able to persuade the rich that progressive taxes favor their interests and provide them with important benefits, such as infrastructure development, security and essential public services. Defining and maintaining a tax contract between both parties is crucial. And that, in turn, requires that governments have credibility, that is, the credibility that any commitment they acquire will endure over time instead of being discarded each time a new ruler is elected.
Answer:
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Explanation:
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In the United States, polls show that about half of those
and older rate their health as good, very good, or outstanding.
In the United States, there were
million people
and over as of
(the most recent year for which data are available). More than one in seven Americans made up
% of the population, which they represented. The term "elderly" has historically been used to refer to people
and older. According to such standard, the United States had approximately
million senior individuals in
or more than
% of the almost
million total population.
Learn more about older rate here.
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Answer:
- July 1st - December 31st (6 months)
- Here, $8,000 is paid for 2 years (24 months)
So, expenses for 6 month = $8,000 * 6/24 = $2,000
Date Journal Entry Debit Credit
Expense $2,000
Prepaid expense $2,000
(To record the expense)
Answer:
The required entries relating to revenue recognized by Merry Maidens Cleaning on May 1 are:
Debit Cash [$300 x 0.9] $270
Credit Service revenue $270
<em>(To recognize the service revenue from house cleaning)</em>
Explanation:
Merry Maidens Cleaning offers service discount of 10% on a detailed cleaning of a normal-size home and charges $300, generally. This means, on May 1, Ms. E. Pearson was charged $270 ($300 x 0.9). Since the customer paid cash on the same date, the company would recognize it by debiting cash (for receipt of the money) and crediting revenue. Note that this does not necessarily means the company adopts the cash basis of accounting.