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Alex_Xolod [135]
3 years ago
12

Which of the following would increase assets and increase liabilities?A. Provide services to customers on account.B. Purchase of

fice supplies on account.C. Pay dividends to stockholdersD. Receive a utility bill but do not pay it immediately
Business
1 answer:
sveta [45]3 years ago
4 0

Answer:

B. Purchase office supplies on account

Explanation:

an office is considered as land which serves as an asset and as such it will increase assets but making the purchase on account will increase the liabilities as well.

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You purchase Rayovac batteries from Wal-Mart. You send in your battery receipt and a form with your name, address, and UPC code
Len [333]

Answer:

a rebate because companies like that and paint companies give out rebates

3 0
2 years ago
During a severe recession Congress passes legislation to cut taxes, this would be an example of a(n): g
Doss [256]

Answer:

expansionary fiscal policy.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.

Hence, if during a severe recession, Congress passes legislation to cut taxes, this would be an example of an expansionary fiscal policy.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

5 0
3 years ago
How do companies effectively go global?
Irina18 [472]

Answer:

Some of the specific advantages presented by successfully growing globally include:

•You can extend the sales life of existing products and services by finding new markets to sell them in.

•You can reduce your dependence on the markets you have developed in the United States.

and more....

Explanation:

hope it helps......

8 0
2 years ago
Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for e
eduard

Answer:

Great Adventures

a) Adjusting Entry for Uncollectible Accounts:

Date       General Journal              Debit        Credit

Jun. 30  Uncollectible Expense $2,320

              Allowance for Uncollectibles         $2,320

To provide 8% allowance for uncollectibles.

b) To accrue one month of interest on the note receivable:

Date        General Journal       Debit             Credit

Jun. 30   Interest Receivable  $40.83

              Interest on Notes                          $40.83

To accrue one month of interest.

c) GREAT ADVENTURES, INC.

Partial Balance Sheet  as at June 30, 2022

Assets

Current Assets:

Accounts Receivable                   $29,000

less allowance for uncollectibles    2,320

Net Accounts Receivable                             $26,680

Explanation:

a) Accounts Receivable

Date        Description                        Debit         Credit      Balance

Feb. 25   Kr. Kendall's Boys Scout   $4,000                       $4,000

Feb. 28   Cash                                                    $3,840            160

Feb. 28   Cash Discount                                          160               0

Mar. 19    Reynold                              5,000                          5,000

Mar. 27   Cash                                                     4,800            160

Mar. 27   Cash Discount                                       200                0

Apr. 7      Cash                                                     8,500      (8,500)

Apr. 14    Elks Lodge                         8,500                                 0

Apr. 30   Myers Manufacturing        7,000                          7,000

May 31    7% Note Receivable                            7,000               0

Jun. 15   MBA Groups                    29,000                       29,000

b) Allowance for uncollectibles = $29,000 x 8% = $2,320

c) Interest on Notes = ($7,000 x 7%)/12 = $40.83

3 0
3 years ago
Unemployment that occurs when worker's skills do not match the jobs that are available.
liberstina [14]

Answer:

b. structural unemployment

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2 years ago
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