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Debora [2.8K]
3 years ago
7

Which of the following statements is not correct?

Business
1 answer:
Alexeev081 [22]3 years ago
5 0

Answer:

B. The owner's drawing account is closed to the Income Summary account

Explanation:

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If the government changes taxes without changing government spending to eliminate the recessionary gap, will the minimum require
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Answer:

Explanation:

If the government changes taxes without changing government spending to eliminate the recessionary gap, will the minimum required change in taxes be greater than, smaller than, or equal to the minimum required change in government spending?

The minimum required change in taxes will be greater than that of the minimum required change in government spending

tax multiplier (mpc/mps = 0/8/0.2=0.4) is smaller than the government spending multiplier (1/mps= 1/.2=5) because of the initial increase in disposable income caused by the decrease in income tax will be saved rather than spent

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3 years ago
Jerry is a 30 percent partner in the JJM Partnership when he sells his entire interest to Lucia for $82,750 cash. At the time of
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Answer:

Jerry's gain on the sale= $28,500

Explanation:

When Jerry sells his interest in JJM to Lucia his basis ($54,250) is what he owes and will be taken out of the proceeds he will get for selling his interest in the company.

Therefore

Jerry's gain on the sale= Amount of sale- Jerry's basis

Jerry's gain on the sale= 82,750- 54,250

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6 0
4 years ago
Market &amp; entreprenurship<br>are two sides of a coin<br>Justify by example <br>​
VladimirAG [237]

Answer:

The analysis for this type of situation has been presented elsewhere here.

Explanation:

  • The face of something like a coin would be typically referred to as one of the head, although it sometimes describes this same head of such a high profile individual, as well as the back of the tail.
  • Throughout disciplines of diploma nearby numismatic coins, this same phrase area has been more frequently than using front, when the utilization of opposite direction has been widely spread.
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Why may Consumers overspend when using a credit card?
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