Answer:
It is true that under those circumstances there are winners and losers from trade, or in this case, more specifically from the lack of trade, because the economy of Meekertown does not engage in international trade, and as a result, the consumers have to pay $33 for meekers, instead of paying a price closer to the world average of $35. The consumers are the losers, while the domestic producers are the winners.
If Meekertown opened up to international trade, consumers would be able to buy cheaper meekers produced aborad, which means that they would be the winners while domestic producers would be the losers.
The Board of Governors, the Federal<span> Open Market Committee, and 12 regional </span>reserve<span> banks.</span>
Answer:
Th etotal accounts written off during 11 months is $ 24,677
Explanation:
Computation of amounts written off
The movement in the allowance account is as per the following formula
Opening balance + Bad Debts Expense - Amounts written off = Ending balance
$ 13,177 + $ 21,273 - Amounts written off = $ 9,773
By solving the equation
Amounts written off = $ 13,177 + $ 21,273 - $ 9.773 = $ 24,677
In other words, the bad debts expense for the year plus the movement in the allowance balance represents the amounts written off
Answer:
The correct option is increases in current liabilities are added to net income.
Explanation:
The rationale for adding increases in current liabilities is that the increase in current liabilities represents cash that should have been paid but retained in the business,hence it is an increase in cash inflow.
The opposite is the case for reduction in current liabilities as the reduction denotes that cash of the business has been used in paying the creditors,hence cash has gone down.The appropriate treatment would to subtract the reduction in current liabilities
The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.
