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3 years ago

What are the criticisms of fiscal policy

Business

1 answer:

vesna_86 [32]3 years ago

4 0

Answer:

Fiscal policy is the adjustment of tax rate and government spending that is used to handle current economic situation.

There are several of criticism that usually found on fiscal policies.

- Time Lags.

The effect of fiscal policies could only be felt years after the policies are made. Often times, this goes unnoticed by the citizens of the country, making it look like that the government took no action to handle their economic issues.

- Strengthening foreign influence

One of the things that the government can do to reduce the inflation is by selling government bonds to the public. These bonds can be bought by companies from another countries. This will strengthen that country's influence over US economy.

- It could create a budget deficit for the next government officials.

Government in United States were reshuffled between 2-4 years. While the effect of fiscal policies could need more than 10 years before it actually can be felt. Sometimes, fiscal policies taken by previous government could create a deficit that had to be handled by the next government after the election.

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Berkshire Inc. had revenues of $379,000 in its first year of operations. The company has not collected on $45,900 of its sales a

amid [387]

Answer:

$235,010

Explanation:

The computation of the net income for the year is shown below:

Receipt:

Cash from customer ($379,000 - $45,900) $333,100

Investment in business $46,000

Borrowed money on notes $21,000

Total Receipts (A) $400,100

Disbursement:

Payment to vendor ($160,000 - $38,500) $121,500

Salary paid in cash $33,200

Interest paid in cash $1,890

Insurance policy purchased for cash $8,500

Total Disbursement (B) $165,090

Cash balance at the end (A - B) $235,010

The same is to be considered as a net income

All options that are given in the question is wrong

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3 years ago

A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future finan

Bezzdna [24]

Answer:

financial plan.

Explanation:

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3 years ago

Assume you are the internal controls expert for your company. Your boss has read about Madoff’s Ponzi scheme described in a page

kiruha [24]

Answer:

There are numerous estimates an organization can embrace to elevate the guidelines of inside controls, anyway not many of those are counted as under -

1. Due Diligence - nearly everybody would propose it yet the usage contrasts from organization to organization. The term incorporates wide exercises for example from improving nature of inner review to upkeeping of money related records and so on. Keeping a mind existing and old venture example would positively help in examining the reaction of speculations according to winning economic situation. Disservices of the procedure incorporate involvement of extra labor and cost.

2. Picking right Investment firms as well as Fund Manager - In the intricate business showcase which wins today, seeing the correct person appears as a troublesome activity. It is significant that we cautiously study not just the speculation designs and ensuing returns of the Investment firms/Fund Manager yet in addition foundation, capabilities and past legitimate records to show up at appropriate person for reasonable occupation. At times we pick a distrustful yet a fair person, which may prompt penance in momentary gains yet particularly in retirement assets with long haul objectives, security of assets accept need.

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3 0

3 years ago

A company reported that its bonds with a par value of $50,000 and a carrying value of $62,000 are retired for $66,000 cash, resu

mylen [45]

Answer: Retired for $66000 cash.

Explanation:

Given that,

bonds par value = $50000

carrying a value = $62000

retired for cash = $66,000

Loss = $4000

Issuing bonds are an approach to fund activities. Hence, a sum that is reported in the cash flows from the statement of financial activities.

There is a cash outflow of $66000 from retiring.

The amount to be reported under cash flows from financing activities is retired for $66000 cash.

5 0

3 years ago

Brett, the manager at Warson’s Diner, plans to promote Keisha, one of the waitresses, to the position of an assistant manager. H

Sholpan [36]

Answer:

a)Brett has a cause of action against Warson's Diner for retaliatory discharge under Title VII of the Civil Rights Act of 1964.

Explanation:

From the question, we are informed about Brett, the manager at Warson’s Diner, who plans to promote Keisha, one of the waitresses, to the position of an assistant manager. We are also told that the owner, being racially biased, prevents him from doing so and in the end , Brett gets fired

What holds true in this scenario described above is that Brett has a cause of action against Warson's Diner for retaliatory discharge under Title VII of the Civil Rights Act of 1964.

Title VII of the Civil Rights Act of 1964. Is a law, of Act of 1964 that oversee any form of discrimination against employee of an organization and shield them from been discriminated because of race they belong to, their sex , their National origin an so on . The law doesn't only forbid discrimination that is intentional, but all actions that speak discrimination wether intentional or not.

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3 years ago