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3 years ago

What does a national emergency mean in the united states

Business

1 answer:

son4ous [18]3 years ago

6 0

Answer:

National emergency can be defined as a state of national crises that threatens not just a part of the nation but the whole, and requires an unprecedented response and requires instantaneous reaction.

Explanation:

National emergency can be defined as a state of national crises that threatens not just a part of the nation but the whole, and requires an unprecedented response and requires instantaneous reaction.

It can also be said to be an extraordinary situation that threatens the health, safety and environment of the citizens that requires intervention by the government.

In the United States, the government at such a time will be required to act in a way that it would not be normally permitted to.

Example in the recent case of COVID-19 outbreak. Since it threatens the lives of people everywhere in the country not just in one state, it is a national emergency and has required the intervention of the government by an unprecedented declaration of a stimulus package of $850 billion dollars, and the request of restriction of the movement of people and closure of airports which will not normally happen.

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Determine if the people in the example have benefited (i.e., are winners) or have been harmed (i.e., are losers) by unexpected i

Over [174]

Answer:

Winners

The US Federal Government
Joy

Losers

Karen
Herb
3rd National Bank

Explanation:

The US Federal Government is a Winner because Inflation in general has the effect of eroding the value of money. Generally interest rates account for this but when it is Unexpected Inflation they don't. The US government is a winner because the amount of debt they now have in real terms have decreased.

Joy is also a winner for the same reason as the US government.

Karen lost out as a result of this because her Fixed Pension does not change with inflation which means that when inflation rates go up unexpectedly she will be able to buy less goods and services.

Herb's money will lose real value as a result of inflation because like Karen, Herb will be able to buy less goods and services when inflation rises.

3rd National Bank will also lose out because they made loans that would not have accounted for Unexpected inflation. The real value that they will be owed will therefore be less and they will suffer 'real' losses.

8 0

3 years ago

ABO purchased a truck at the beginning of 2018 for $140,000. They sold the truck at the end of 2019 for $95,000. If the expected

kompoz [17]

Answer:

Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.

Explanation:

First determine the Accumulated depreciation on the Truck

Depreciation Expense = Cost - Residual Value / Estimated Useful years

= ($140,000 - $20,000) / 6

= $20,000

Accumulated Depreciation :

2018 : $20,000

2019 : $20,000

Total : $40,000

Then Process the Sales journal to determine the profit or loss on sale of Truck as follows :

Accumulated Depreciation $40,000 (debit)

Cash $95,000 (debit)

Profit and Loss $5,000(debit)

Cost : Truck $140,000 (credit)

Conclusion :

Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.

5 0

3 years ago

Calculate the total dollar of each sale. including invoiceid, invoicedate

Lunna [17]

Im not sure what you mean by that? be specific please and i will be sure to help ;)

6 0

3 years ago

The chief financial officer of a company is responsible for managing cash, accounts receivable, and inventory.

zaharov [31]

Answer:

True

Explanation:

Chief financial officer is one of the key positions at any company or firm. Chief financial officer plays a critical role in managing cash, account receivable and inventory management. He/She is responsible for handling the cash and managing the cash in such a way to remove chances of bankruptcy and shortages. Overall, it is an important post to complete all the tasks related to cash handling and inventory.

7 0

3 years ago

Red Hot Chili Peppers Co. had the following activity in its most recent year of operations.Classify the items as (1) operating—a

lora16 [44]

Answer:

a. Purchase of Equipment - (3) investing

b. Redemption of bonds payable - (4) financing

c. Sale of building - (3) investing

d. Depreciation - (1) operating—add to net income;

e. Exchange of equipment for furniture - (5) significant noncash investing and financing activities

f. Issuance of capital stock - (4) financing

g. Amortization of intangible assets - (1) operating—add to net income

h. Purchase of treasury stock - (4) financing

i. Issuance of bonds for land - (5) significant noncash investing and financing activities

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

7 0

3 years ago