If a fiscal policy change is going to exert a stabilizing impact on the economy, policy must add stimulus to demand during a slowdown but it should restraint the demand during an economic boom.
Fiscal policy is the policy in which the government spending and taxation is used to influence the economy.
Governments generally use fiscal policy to promote strong as well as sustainable growth in the economy and reduce the poverty too.
The role and objectives of fiscal policy which gained importance during the recent global economic crisis is when the different governments stepped in to support financial systems.
Governments starts the growth, and also mitigate the impact of the crisis on vulnerable groups through the use of fiscal policy.
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Answer: B. Anca
Explanation:
From the information provided in the question, we should note that Anca purchasing the tickets will lead to a more economically efficient outcome.
From the information given, we can see that Anca is willing to pay $1250 while Sean wants to pay $705. Therefrom Anca purchasing the tickets leads to a better efficiency.
We can also infer that if Anca pays $1,250, a consumer surplus of $550 is gotten while Sean would get a consumer surplus of only $5.
Therefore, the correct option is B.
The demands that occur normally on a daily basis, which is also a response to demand is Routine Task Performance.
<h3>What is a Routine Task Performance?</h3>
Routine Task Performance is a daily work carry out by an employee or an individual. This means that routine Task Performance is a known task expected to be delivered on a daily basis.
They are routine performance that would be same task which one does everyday without even thinking about it.
Examples of routine task performance are :
- Commonplace tasks.
- Duties as must be done regularly or at specified intervals.
Therefore, well-known responses to demands that occur in a normal, predictable way are known as Routine Task Performance.
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Answer:
1. How much cash did Anders receive from the sale of equipment?
$ 47,400
How much depreciation expense was recorded on equipment during 2019
$ 57,000
What was the cost of new equipment purchased by Anders during 2019?
$ 185,000
Explanation:
Book Value -$ 53,000
Sale Value $ 47,400
Sold Loss -$ 5,600
Accum. Depreciation Eq. 2018 $ 236,000
Accum. Depreciation Eq. 2019 -$ 126,000
Book Value -$ 53,000
REAL Depreciation During 2019 $ 57,000
Property and Equipment 2018 -$ 335,000
Property and Equipment 2019 $ 245,000
Original Cost $ 275,000
REAL Depreciation During 2019 $ 185,000
The adjusting entry would be Debit rent expenses and credit prepaid rent by $1,037.
Adjusting journal entries are being used to report transactions that occurred but were not correctly documented using the accrual method of accounting.
There at end of an accounting period, the adjusting journal entries are filed in a company's general ledger to comply with the matching and revenue recognition standards.
The most common types of journal entry changes are accruals, deferrals, and estimates. It is used for accrual accounting reasons when one accounting period finishes and another begins..
That instance, rent expenditure for December must be acknowledged; the entry would be as follows.
DR Rent Expense =12444/12
= $1,037
CR prepaid rent $1,037
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