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3 years ago

When the government changes either its spending or tax policy to pursue economic objectives, it has changed its:___.

Business

1 answer:

Debora [2.8K]3 years ago

8 0

Answer:

A. fiscal policy. and C. monetary policy.

Explanation:

What is Fiscal Policy?

The government's use of taxes, spending, and transfer payment to promote economic growth and stability.

What is Monetary Policy?

The action the Fed takes to control the money supply and the rate of inflation in the economy.

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The acid-test ratio Group of answer choices is a quick calculation of an approximation of the current ratio. does not include al

gayaneshka [121]

Answer:

does not include inventory as part of the numerator

Explanation:

The acid test ratio is somewhat similar to the current ratio. Both ratios are called liquidity ratio in which the short term assets are converted into cash to pay its short term liabilities. But the only difference in these two is

Current ratio includes current assets and current liabilities

While on the other hand, the acid test ratio or quick ratio include quick asset and current liabilities

Quick asset = Total Current assets - inventory - all other current assets

As inventory takes more time to convert into cash

3 0

3 years ago

Bad debts analysis-Allowance account On January 1, 2019, the balance in Kubera Co.'s Allowance for Bad Debts account was $25,160

konstantin123 [22]

Answer:

Debit Allowance for bad debt account $11,440

Credit Accounts receivables $11,440

Being entries to recognized bad debts previously provided for.

Explanation:

The allowance for bad debt is an account used to estimate how much of the receivables recorded by an entity may become uncollectible. Once determined, the company would post a debit entry to the bad debt account and a credit entry to the allowance for bad debts account.

Given that;

Opening balance in the Allowance for Bad Debts account was $25,160 and during the year, a total of $65,700 of delinquent accounts receivable was written off as bad debts while unadjusted balance in the Allowance for Bad Debts account at December 31, 2019, was $30,440. This means that

$25,160 + x = $30,440

x = $30,440 - $25,160 = $5,280

where x was the net addition to the allowance for bad debt during the year.

If it is determined that the December 31, 2019, balance of the Allowance for Bad Debts account should be $19,000, then the difference between the unadjusted balance and the determined balance will be posted. This difference is

= $30,440 - $19,000

= $11,440

In the journal entries format, adjustments required would be

Debit Allowance for bad debt account $11,440

Credit Accounts receivables $11,440

Being entries to recognized bad debts previously provided for.

7 0

3 years ago

Positive externalities exist because ________ benefits are ________ than ________ benefits.a. internal; greater ; external b. in

Dmitriy789 [7]

Answer:

c. Internal benefits are less than external benefits

Explanation:

Lets first understand what a positive externality is. Positive externality is the effects of an activity that has greater and/or additional benefits to the society as a whole as compared to the benefits enjoyed by the individual responsible for creating such a positive impact. One of the common examples of positive externality is getting education, when we get education that provides us benefits on a personal level but it also helps you reach to a position where you can educate others and/or the society in general. This means that educating yourself not only benefits you but also has a positive influence in the society.

Similarly, if you walk to work every day, this will make you more healthy and will reduce congestion in the city and benefit every body else as well.

3 0

3 years ago

Copy equipment was acquired at the beginning of the year at a cost of $72,000 that has an estimated residual value of $9,000 and

Anuta_ua [19.1K]

Answer:

a) $ 63,000.

b) $ 0.063 per copy produced.

c) $19,845.

Explanation:

A : Determining the depreciable Cost.

The depreciable Cost = Acquisition cost - Salvage/Residual Value

The depreciable Cost = $72,000 - $9,000

The depreciable Cost = $ 63,000.

B: Determining the depreciation rate.

The depreciation rate = Depreciable cost/Total no. of units produced during useful life

The depreciation rate = $ 63,000/1,000,000

The depreciation rate = $ 0.063 per copy produced.

B: Determining the units-of-output depreciation for the year.

The units-of-output depreciation for the year = depreciation rate × the number of units produced for the year.

The units-of-output depreciation for the year = 0.063 × 315,000

The units-of-output depreciation for the year = $19,845.

3 0

4 years ago

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est

Ray Of Light [21]

Answer:

Allocated MOH= $371,200

Explanation:

Giving the following information:

Estimated total overhead= $364,800

Estimated direct labor= $228,000.

Actual direct labor costs= $232,000

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 364,800/228,000

Estimated manufacturing overhead rate= $1.6 per direct labor dollar

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.6*232,000= $371,200

5 0

4 years ago