If corporate tax increases then businesses would make up for the loss of profit due to this raise in taxes by charging consumers a higher price, therefore reducing Aggregate expenditure as fewer people buy the product at the higher price, probably because some would rather buy cheaper imports or because some cannot afford it at all now due to the higher price.
Another thing the business might do to make up for the loss in profit due to the raise in taxes is they might lay off some employees thereby making those fired employees incomes fall to zero, they may also reduce the remaining employees wages or salaries so that business costs fall and a good profit level is reached for the business.
To receive a specific reliable return on your investment.
It is a specific return because it is pre-set and you know what you can expect to get up front. It is reliable because bonds are low risk and generally safe investments.
Low risk/low reward.
<span>The
excess is called a net loss. Net loss happens when the amount of expenses exceeds
the amount of revenues generated. Net loss is the difference between the
revenue and expenses wherein the expenses is bigger than the revenues. The
excess is the amount of money the company had overspent. </span>
Answer: The adjusting entry would be: Debit Bad debt expense $24,380; Credit Allowance for doubtful accounts $24,380.
Explanation: Since aging of the accounts receivable shows that 7% approximately of the outstanding receivable of $374,000 will be uncollectible. It then means $26,180 (7%*$374,000) will be uncollectible. Meanwhile, Tanning Company already has a credit balance of $1,800 in the allowance for doubtful accounts, therefore, an adjustment of $24,380 ($$2,180 - $1,800) has to be made.
The correct answer is - 6%
AIDS is a disease that is very devastating, especially because there hasn't been found a cure for it so far. The disease is not equally distributed throughout the world, but it is mostly represented in the so called ''third world countries'' in Africa, while the number/percentage in the highly developed countries is relatively low.
It is estimated that around 6% of the people with AIDS are living in Western and Central Europe, and North America, which accounts for approximately 2,2 million people.
It is not 100% sure how big the number is actually because lot of people don't know that have it, some because they don't suspect it, some because they do not have the conditions in order to be examined.
