The government, not only of the United States, but of all countries, are in a very obvious way, also an employer. This is because the government needs people to do the task that would allow the body to be efficient in handling subjects concerning people, citizens, and the country.
The employee of the government runs from the president him/herself to the lowest position or authority in small subsection community.
Answer:
Option A is correct.
deficit; negative
Explanation:
In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases, this produces a tendency toward a trade <u>deficit </u>and <u>negaive</u> net capital outflow.
This corresponds to the concept of twin deficits where a budget deficit that results from increased government purchases, also results in current account deficit. Since trade deficit implies negative NX there is a negative NCO.
Answer:
D) Cash 45,540 Accounts receivable 45,540
Explanation:
The journal entry is shown below:
Cash A/c Dr $45,540
To Accounts receivable A/c $45,540
(Being cash is received in respect of goods sold)
The computation is shown below:
= Sold value of supplies - the sold value of supplies × discount percentage
= $46,000 - $46,000 × 1%
= $46,000 - $460
= $45,540
Since the net method is used so we debited the cash account and credited the account receivable account.
