Answer:
Dr Bonds payable 1,600,000
Dr Loss on redemption of bonds 36,800
Cr Cash 1,632,000
Cr Discount on bonds payable 4,800
Explanation:
Loss/gain on redemption of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss
Answer:
As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
Answer:
The correct answer is the circular flow model.
Explanation:
The circular flow model shows the movement of resources between different sectors in the economy. The firms or business hire factors of production from the households. In return, they make factor payments. They use these factors to produce goods and services. The households purchase these goods and services and pay by their factor incomes.
The government sector charges taxes from households and businesses and provides goods and services in return. The government also hires factors of production and make factor payments. It also purchases goods and services from the businesses and pays for it.
Answer:
<u>Unethical work behavior</u>
Explanation:
It is very unfortunate in many organization for such kind of scenarios to occur which could lead to dismissal from work if the gets to know about the attitude.
Remembering that no one will be pleased totally in workplace you will have to give people the benefit of the doubt by trusting them because If we all run around mistrusting others, we end up creating a miserably unhappy business culture.
It’s possible to travel without one, but it will only increase the likelihood of unorganisation, procrastination and no plans of what to do
