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VikaD [51]
3 years ago
13

Please help with accounting homework

Business
2 answers:
Olegator [25]3 years ago
4 0
Ok heoodbsksoainansksjd did
dolphi86 [110]3 years ago
3 0

Answer:

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Explanation:

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2000 is deposited into a newly opened fund on January 1, 1999. Another deposit is made into the fund on July, 1 1999. On January
choli [55]

Answer:

$2,080 is the correct answer to the given question .

Explanation:

As mention in the question the deposited  amount of $2000 was in the year the July, 1, 1999 up to the on the January 1, 2000 it means it takes 1/2 year or 6 months.

Time-weighted rate of the return in the year 1999 is the 8.0%

however it has been spent for the six months, it means the 4% in the 6 month

So the cost of the fund before the investment can be determined by

= 2000*1.04

= $2080

Therefore the balance of the fund on the year July 1, 1999= $2080

3 0
2 years ago
Which country listed has the highest human development ranking?
andreyandreev [35.5K]

Answer:

The answers to all 3 questions are:

1. Norway

2. China and India

3. Afghanistan

Explanation:

Just completed the 2020 Edge Assignment

7 0
3 years ago
Read 2 more answers
Assume that you have a subsidiary in Australia. The subsidiary sells mobile homes to local consumers in Australia, who buy the h
denis-greek [22]

Answer: Appreciate

Explanation:

When a country increases interest rates, it will lead to an appreciation in currency. This is because there will be more demand for the currency of the country because people will want to take advantage of the higher interest rates and make a gain.

As the demand for the currency increases but the supply stays the same, the value of the currency will appreciate.

With Australia taking up their interest rates, their dollar will appreciate in value.

5 0
3 years ago
Suppose the European Central Bank (ECB) decides to use monetary policy to offset the possible inflationary effects of European e
Grace [21]

Answer:

the European Central Bank (ECB) should engage in a contractionary monetary policy

Explanation:

A contractionary monetary policy takes place when a central bank (or the Fed) reduces the money supply in order to cool down the economy, lower inflation rate or like in this case, wants to offset expansionary fiscal policy.

The central bank initially raises the interest rates and starts selling more securities in order to absorb cash from the markets.

7 0
2 years ago
Jurisdiction E spends approximately $7 million each winter on snow removal. The jurisdiction is considering adding a new income
frez [133]

Answer:

'Taxes' can be defined as a compulsory contribution to the state's or country's revenues, which are levied by the governments on personal incomes of individuals or profits of the corporate, or on some transactions.

Taxes are the main source of revenues for any government, through which it receives the necessary funds to spend on various activities it undertakes for public welfare and maintaining the law and order and security of the nation.

Many theorists believe that every tax should be evaluated on certain standards and the following four standards have been mentioned for evaluating whether taxes are good or not:

  1. Taxes should be sufficient to fulfill the government's requirements
  2. Taxes should be convenient for the government to implement and for the citizens to pay
  3. Taxes should be efficient economically
  4. Taxes should be fair

There may be certain provisions introduced in the federal tax system, which are targeted to induce certain behaviors or shift people's attention towards certain activities. These provisions are called tax preferences

Does this proposed change in Jurisdiction E's tax law meet the definition of a tax preference? Explain briefly.

In the given question, the decision of the jurisdiction to give deduction to the people for the snow removal equipment they purchase, is definitely a tax preference as it induces people to invest in snow removing machines, as they are getting full deduction of such expense in income taxes.

By having this provision, the government is motivating people to invest in these machines, and people also have the benefit of having such machine with them, and also getting tax deduction for such expense, so getting such machine almost free (this applies to people who have incomes in such tax bracket only). Thus it is the way of government in encouraging people to buy snow removing machines and reduce the burden on the government. Thus it is clearly a tax preference.

Jurisdiction E forecasts that the proposed change will decrease its annual tax revenues by $250,000 but will improve the jurisdiction's financial condition by $300,000. On what assumptions is this forecast based?

The forecast regarding decrease in annual tax and improvement in financial condition is based on the assumptions of people taking benefit of such a provision, and actually investing in snow removing machines.

The jurisdiction believes that people will purchase the machines and make claims for deductions, effecting the tax revenue by $250,000. But at the same time, as many people will themselves remove the snow, the government doesn't have to spend so much on snow removal and thus make the savings of $300,000

6 0
3 years ago
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