Answer: True
Explanation:
Philanthropists such as Bill Gates try to help the less-advantaged members of society by giving their time and / or raising and donating money to them to make their lives easier.
These philanthropists believe that doing so amounts to social responsibility and that such efforts should be carried out through organized, tax-deductible charity and stewardship which has led many to accuse some philanthropists of only doing good to avoid taxes.
Answer:
The answer is : to Update the balance of Retained Earnings and prepare revenue, expense, and dividend accounts for next period's transactions
Explanation:
The closing entries is to set the accounts' balance of temporary account to zero by transferring these balance to other permanent accounts at the end of the accounting cycles.
Temporary accounts includes accounts of revenues and expenses and dividend payment. Permanent account is Retained Earnings.
As Revenues and expenses are recorded for an accounting period, their balances should be all transferred to Retained Earnings account, together with the dividend payment during the period, to determined the ending balance of Retained Earning account at the end of the accounting period.
Once the closing entries has been recorded, the balance of all revenues and expenses, dividend payments accounts will be set back to zero at the start of next account period for recording revenue and expenses taken place in that period only. While Retained Earning Balance will show how much accumulated Earnings a firm retained since the start of its business.
A products deficit results when a country buys more products from other countries than it exports to them
Answer:
a) monetary policy will be eased
b) Monetary policy will be tightened
c) Monetary policy will be eased
Explanation:
<u>A) A reduction in autonomous consumption </u>
A reduction in autonomous consumption will cause the monetary policy makers to apply an autonomous easing of monetary policy and this is to help balance the economy because of the reduction seen in aggregate demand
<u>b) An increase in government expenditures</u>
An increase in government expenditures will result in an increase in demand hence monetary policy will be made tighter in order to balance the economy activities
<u>c) An appreciation of the dollar </u>
when the dollar appreciates relative to other currencies the effect is that there will be a decrease in exports and increase in imports, hence the monetary policymakers will apply an autonomous easing of monetary policy to help balance economic activities
I think it’s b, most payments paid on time
