Answer: The cost is the increase in personal income tax rate, The benefit is the control of level of demand in the economy
Explanation:
Fiscal policy is the economic policy which has to do with the raising of revenue through taxation and other means and deciding on the level and pattern of expenditure. The fiscal policy is the responsibility of the executive branch of government handled by the ministry of finance. The fiscal policy can either be a expansionary fiscal policy or contractionary fiscal policy. It is expansionary when the expenditure is channelled towards the provision of capital projects aimed at increasing the level of liquidity in the economy. It can be a contractionary fiscal policy when the personal income tax rate is increased aimed at reducing the ability of people to buy more goods and services in the economy. Therefore, we can conclude the use of fiscal policy as a tool to pursue the goal of economic growth is to ensure that through the level and pattern of budgetary provisions and the means of financing the government can control the level of demand in the economy
Answer:
1.Adjustment required=$6713
Attachment contains the calculation, journal entry write off and allowance for doubtful account
Explanation:
Answer:
The answer is B.
Explanation:
An agency relationship is a relationship between the principal and the agent.
A principal employs the service of an agent who acts on behalf of the principal.
An agent must make sure that there is no conflict on interest.
So in labor market, employer is the principal while the worker or employee is the agent.
Answer:
- $454
Explanation:
Net Operating Profit after tax = Net operating profit before tax - tax rate
= $1,800 - 20%
= $360
Economic Value Added:
= Net Operating Profit after tax - (Capital Invested × Weighted average cost of capital )
= $360 - [($8,500 - $1,100) × 11%]
= $360 - ($7,400 × 11%)
= $360 - $814
= - $454
Answer:
A. Reverse logistics systems are usually less cost- efficient than forward-based systems.
Explanation:
Reverse logistics is linked to the reuse of goods and services for all activities, this includes the management and the sale of surplus. Reverse logistics is the distribution of purchased products back into the business in the reverse direction of business process flow.
Reverse logistics systems are usually less cost- efficient than forward-based systems. Reverse logisticsprovides companies with revenues and strategic benefits.
