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3 years ago

Has Government intervention harmed or supported businesses more during the shelter-in-place?

Business

1 answer:

o-na [289]3 years ago

7 0

Answer:

During the shelter-in-place, governments took various economic and financial measures aimed at improving the situation of people and companies that were unable to carry out their activities as a result of the global health situation. Thus, economic aid bonds were issued, taxes were reduced, fiscal benefits and payment facilities were generated, and the development of minimum levels of activity was allowed to facilitate the subsistence of the entities of the private economy. Therefore, government action supported businesses, which would otherwise have gone bankrupt as a result of the pandemic.

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If planned investment plus unplanned investment (unplanned inventory changes) are __________ savings, then economic activity wil

Marta_Voda [28]

Answer:

the correct answer is greater than

Explanation:

If planned investment plus unplanned investment (unplanned inventory changes) are greater than savings, then economic activity will increase.

6 0

4 years ago

In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Pool

saveliy_v [14]

Answer:1. Poole journal $

Date

April 10

Cash account Dr 50,925

Cash sales Cr 48,500

Sales tax. Cr. 2425

Narration. Cash sales inclusive of sales tax.

Waterman journal $

Date

April 15

Cash account Dr 26750

Cash sales Cr. 25,000

Sales tax. Cr. 1750

Narration. Cash sales inclusive of sales tax

Explanation:

Firms are authorized by the government to collect sales tax on their behalf at the time of sales and such amount when collected are treated as liability by the firm to be remitted to the goverments.

At the point of sale the sales tax is showing as percentage to be charged on sales separately e.g 5% on sales figures.

If the tax percentage is not separated at the time of sales and the sales is made inclusive of sales tax then the sales tax like in the above scenario will be 7/107 * $26,750 which gives $1750

7 0

3 years ago

If a firm produces a good and then adds it to its inventory rather than selling it, for the purposes of GDP accounting the firm

fenix001 [56]

Answer:

The statement is true.

Explanation:

Investment expenditure refers to the expenses incurred on account of creating capital assets.

If a good is produced but is left unsold or not used in the production process, then, they result in increased inventory, which is considered as an investment by the firm.

For the purpose of GDP accounting, unsold goods in inventory are treated as purchased by the firm from itself. As such, they form a part of investment expenditure in the accounting period.

8 0

3 years ago

Oriole Leasing Company leases a new machine to Sharrer Corporation. The machine has a cost of $65,000 and fair value of $87,000.

Hatshy [7]

Answer and Explanation:

1. The Preparation of amortization table is shown below:-

<u>Date Rent payment Interest Reduction of Liability </u>

<u> revenue Principal </u>

01.01.2017 $0 $0 $0 $87,000

31.12.2017 $33.759 $6,960 $26,799 $60201

(87,000 × 8%)

31.12.2018 $33.759 $4,816 $28,943 $31,258

(60,201 × 8%)

31.12.2022 $33,759 $2,501 $31,258 $0

(32,258 × 8%)

Working note

The computation of the yearly lease amount is shown below:-

Period Table value PV at 8%

1 0.92593

2 0.85734

3 0.79383

Total 2.57710

Lease rent $33.759

($87,000 ÷ 2.5771)

2. The Journal entry is shown below:-

Lease receivable Dr, $87,000

Cost of goods sold Dr, $65,000

To Sales $87,000

To Inventory $65,000

(Being lease commenced is recorded)

3. The Journal entry is shown below:-

ROU assets Dr, (right of use) $87,000

To lease liability $87,000

(Being ROU assets recognized is recorded)

4. ROU assets Dr, (right of use) $96,500

To lease liability $87,000

To Cash $9,500

(Being ROU assets recognized of direct costs is recorded)

6 0

3 years ago

Uri, a server in a popular family restaurant, is the most popular employee with both customers and employees, and as a result, h

vladimir2022 [97]

Answer:

C. behavioral decision-making style

Explanation:

A behavioral decision-making style is a characteristic of an individual who displays the ability of an open policy system where everyone is accommodated with a sense of belonging.

8 0

3 years ago