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maksim [4K]
3 years ago
14

A business in which the owners have little personal responsibility for the company’s debts and actions is called a

Business
1 answer:
adell [148]3 years ago
7 0
I believe the answer is A.
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True or False: A tax cut that will last for only one year will have a greater impact on aggregate demand than a tax cut that is
gavmur [86]

A tax cut that will last for only a year will not have a huge effect on the aggregate demand as the aggregate demand increases only when the tax cut is permanent.

The given statement is false.

<h3>What is a tax?</h3>

A tax is a liability imposed on the taxpayer to pay a specified sum to the government based on the income they have earned in the previous year.

When the cutting of taxes becomes permanent in the country, then the citizens can start to acquire more which will increase the spending. The families will expect that the tax cuts are for the longer term which now induces them to buy and spend more and also act as an addition to their incomes. This whole impact would eventually lead to rising in aggregate demand.

Therefore, the demand increases when the tax cuts are permanent rather than when tax cuts are for only one year.

Learn more about the tax cut policies in the related link:

brainly.com/question/13924294

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5 0
2 years ago
Which of the following best describes a trial balance?
Lubov Fominskaja [6]

Answer:

A

Explanation:

In the accounting process extracting a trial balance is the final step.

8 0
3 years ago
Assume that Faust and McCabe properly classify the portfolio. At year-end, Faust proposes to sell the securities that will incre
alexgriva [62]

Answer:

No

Explanation:

This is not unethical because it is a common and acceptable practice among many reputable public companies in the United States to adjust their account statements according to their objectives.

Remember, every organisation had a right to decide It's accounting methods.

In this scenario, what both parties hope to achieve is to build up confidence from potential investors.

5 0
3 years ago
Janice plans on pursuing a teaching degree in college. Her only option for funding her college education is to apply for loans.
vazorg [7]
A because  a lot of times depending on your degree they will automatically give you loan forgiveness, espicially going into a high attending job such as teaching.
7 0
3 years ago
On July 22, Peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 sales was received o
Alchen [17]

Answer:

Entries that were made on August 1 to record the cash received is :

a. Cash..........14,700

Sales Discount. 300

Accounts Receivable 15,000

Explanation:

When the Inventory items were sold the entries are :

Trade Receivables $23,500 (debit)

Sales Revenue $23,500 (credit)

When payment is received on August 1, the payment is made within the discount period and the customer is eligible for the 15% cash discount.Entries would be as follows :

Cash $14,700 (debit)

Discount allowed $300 (debit)

Trade Receivable $15,000 (credit)

5 0
3 years ago
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