The initial impact of the repeal of an investment tax credit is to shift b. aggregate demand left.
Aggregate demand is the total demand for items in an economy. It is the sum of all spending by households, businesses, the government, and foreigners on domestic items. The aggregate demand curve shows the relationship between the price level and the quantity of goods and services demanded in an economy.
The repeal of an investment tax credit could have a number of effects on the economy. One potential impact is that it could shift aggregate demand to the left. If the repeal of an investment tax credit leads to a decrease in investment spending by businesses, it could result in a reduction in aggregate demand. This could cause the aggregate demand curve to shift to the left, as the economy would be demanding fewer items at each price level.
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Payroll deductions are the same for all employees.
Answer:
no it depends the age and how good u are at your job.
Explanation:
These mineral deposits can be found by plates boundaries because they brought to the surface through?
Incomplete question. The missing part of the text which adds some context read:
Minerals, such as aluminum, copper, and gold are non-renewable resources. When mineral deposits are found, they can be mined. These mineral deposits can be found by plate boundaries because they are brought to the surface through ______
Answer:
weathering
Explanation:
The term weathering when used in geography often refers to the process that involves the breaking down or dissolving of rocks or the minerals contained in the soil. This process could then lead to mineral deposits been brought to the surface of the soil.
Hence, based on this understanding, we can conclude that the best term to complete the gap is the "weathering".
started business with cash Rs 100000 and furniture Rs 50000
Answer:
See below
Explanation:
Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.
The journal entry will be as below,
Cash A/c Dr. Rs 100,000
Furniture A/c Dr. Rs 50,000
Capital A/c Cr. Rs 150,000
determining the price of goods should be done after calculating income and expenditure ??
Answer:
False
Explanation:
There are several methods that businesses use to determine the price of goods and services. The most common one involves first calculating the cost of production or the cost of goods sold. The desired markup is added to the cost. Other methods include the break-even analysis, target prices, and going by the market rate.
In all these methods, the price is determined selling starts. It means the price is set before selling starts. Therefore, income cannot be generated before a price is determined.
If the number of infections continues to grow exponentially, what will the number of infections be in week 6?
If the number of infections continues to grow exponentially, the estimated number of infections in week 6 would be approximately 119.
To determine the number of infections in week 6, we can use exponential growth and the given growth rate of 20%.
First, let's establish the growth formula:
Growth Factor = 1 + Growth Rate
In this case, the growth factor would be:
Growth Factor = 1 + 0.20 = 1.20
Now, we can calculate the number of infections in week 6 by multiplying the initial number of infections (week 0) by the growth factor raised to the power of the number of weeks:
Number of Infections in Week 6 = Initial Infections × Growth Factor\(^{Number of Weeks\)
Using the given data, where the number of infections in week 0 is 40 and the number of weeks is 6:
Number of Infections in Week 6 = 40 × 1.20⁶
Calculating this expression:
Number of Infections in Week 6 ≈ 40 × 2.9859 ≈ 119.436
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Complete question is:
George monitors the number of influenza infections reported in a certain neighborhood in a given week. The recent numbers are shown in this table:
Week Number of People
0 40
1 48
2 58
3 69
According to his reports, the reported infections are growing at a rate of 20%.
If the number of infections continues to grow exponentially, what will the number of infections be in week 6?
What is a wholesaler?
A. An intermediary that manufactures products,
B. An intermediary that makes goods convenient for consumers to
buy
C. An intermediary that makes goods convenient for businesses to
buy.
D. An intermediary that purchases goods for personal use.
Answer:
C. An intermediary that makes goods convenient for businesses to
buy.
Explanation:
Wholesalers are businesses that buy finished products from manufacturers and sell them to retailers. They are members of the supply chain. Wholesalers buy goods in bulk, break the bulk, and sell them to retailers. In some instances, some wholesalers may sell directly to consumers.
Retailers are businesses that sell to end consumers. They are the primary customers to wholesalers. Therefore, wholesalers are intermediaries who sell to other businesses.
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafood stores. Old Market vendors buy fish of similar quality from the same wholesalers and at the same prices as uptown vendors do. Therefore, since Old Market fish vendors' businesses are as profitable as those uptown, the volume of the Old Market vendors' daily fish sales must, on average, be higher.
Which of the following, if true, most strengthens the argument given?
A. People who buy fish at Old Market stores generally have lower incomes than do those who buy fish from uptown seafood stores.
B. Some varieties of fish that are not available at Old Market stores can be found occasionally at uptown seafood stores.
C. Vendors at the old Market save on energy costs by keeping fish on ice instead of in refrigerated cases.
D. Many of the people who live in uptown Eastville prefer to buy fish from the neighborhood stores.
E. Fish vendors at the Old Market do not, on average, have lower overhead costs than uptown vendors do.
Answer:
The most correct answer is D
scooter co. offers the below vacation time as a benefit to its employees. number of employees 300 number of vacation days earned each year 10 number of hours per day 8 wage rate per hour in 20x1 $10.00 wage rate per hour in 20x2 $11.00 days taken in 20x1 3 days taken in 20x2 12 what is the vacations payable account balance at december 31, 20x2?
The vacations payable account balance at December 31, 20x2, is $184,800. To calculate the vacations payable account balance at December 31, 20x2: Let's look into employee information:
We need to determine the amount of vacation time earned but not taken by the employees. This is calculated by multiplying the number of unused vacation days with the wage rate per hour and the number of hours per day. In 20x1, each employee earned 10 vacation days, which amounts to a total of 3,000 vacation days (10 days * 300 employees). Assuming all employees took 3 days of vacation in 20x1, there were 2,700 vacation days remaining (3,000 - 300).
In 20x2, each employee earned another 10 vacation days, which amounts to a total of 3,000 vacation days (10 days * 300 employees). However, in 20x2, employees took 12 days of vacation, which means they used more vacation days than they earned. Therefore, we need to adjust for the excess days used. The excess vacation days used in 20x2 are 12 days - 10 days = 2 days per employee. So, the total excess days used by all employees are 2 days * 300 employees = 600 days. To calculate the vacations payable account balance at December 31, 20x2, we subtract the excess vacation days used from the remaining vacation days earned but not taken in 20x1: 2,700 days - 600 days = 2,100 days.
Finally, to determine the account balance, we multiply the remaining vacation days (2,100 days) by the wage rate per hour ($11.00) and the number of hours per day (8 hours): 2,100 days * $11.00 * 8 hours = $184,800. Therefore, the vacations payable account balance at December 31, 20x2, is $184,800.
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Which type of lighting can damage merchandise if directly focused on it?
Answer:
incandescent bulbs
Explanation:
I had the same question and I got the answer right.
"Incandescent bulbs": the type of lighting that can damage merchandise is directly focused on it.
What is UV Light & How to Combat It?Radiation with a wavelength longer than the visible range of violet in the spectrum is referred to be ultraviolet light. UV light is frequently produced by the sun. All works on paper, pictures, library and archive collections, museum pieces, leathers, domestic textiles, and collectables are possibly harmed by ultraviolet radiation, as is a skin without sunscreen. In comparison to incandescent light, it is more noticeable in sunshine and fluorescent lighting.
UV-Filtering Materials: These are substances that remove visible light's ultraviolet (UV) rays. The rate of degradation of things and artefacts stored or shown can be decreased by eliminating UV radiation from storage and exhibition spaces. In addition to being used to cover windows or fluorescent light bulbs in museums, UV-filtering material is also readily accessible in the form of acrylic or glass sheets for practical residential uses.
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On a day with a high of 30°C, the café
can expect to have about blank in
beverage sales.
On a day with a high of 30°C, the café can expect to have about cold in beverage sales.
How can it be explained in detail?The type of café, where it is located, what day of the week it is, what time of day it is, and other weather variables like humidity, precipitation, and wind can all affect the sales of drinks.
So it seems to reason that on a hot day like this, people would be more likely to buy cool and reviving beverages like iced coffee, iced tea, lemonade, or soft drinks. It Is possible that sales of hot beverages like coffee or hot chocolate may be lower than normal. To draw guests and boost sales, the café can also think about implementing seasonal specials or promotions.
In the end, a number of variables will determine the precise volume of beverage sales on a hot day.
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Jim and Jane purchased their house a year ago and have been transferred out of town. They paid $275,000 for the property and ended up after expenses with only $225,000. Their percentage of loss on the sale was:
Answer:
18%
Explanation:
Original cost: $275,000
Selling price: $225,000
Loss: $50,000
50,000/275,000=0.18
0.18x100=18%
:)
Explain what lower of cost or market means in regards to reporting merchandise inventory on the balance sheet. Multiple choice question. Inventory should be reported at the original cost paid for it and not what it can be sold for in the market place. Inventory should be reported at its original cost if the replacement market value (cost) is less. Inventory should be reported at the current market value of replacing it when lower than cost.
Answer:inventory should be reported at the current market value of replacing it when lower than cost
Explanation:
Rollins Company accumulates the following adjustment data at December 31 . (a) Service revenue eamed but unbilled totals $600. (b) Store supplies of $300 are on hand. Supplies account shows $1,900 balance. (c) Utility expenses of $275 are unpaid. (d) Service revenue of $490 collected in advance has been eamed. (e) Salaries of $800 are unpaid. (f) Prepaid insurance totaling $400 has expired. Instructions (a) Prepare journal entries for each of the events above. (b) Indicate the type of adjustment (prepaid expense, uneamed revenue, accrued revenue, or accrued expense). Problem 3. In its first year of Operations Buddy Company earned $28,000 in service revenue, $6,000 of which was on account and still outstanding at year-end. The remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500. Of these expenses $13,000 were paid in cash; $1,500 was still owed on account at year-end. In addition, Buddy prepaid $3,600 for insurance coverage that would not be used until the second year of Operations. Instructions (a) Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting. (b) Which basis of accounting (cash or accrual) provides more useful information for decision makers?
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
Accrual basis of accounting provides more useful information for decision makers.
Journal entries for the events above are as follows:
(a) Debit: Service Revenue Accounts Receivable $600 Credit: $600
(b) Debit: Supplies Expense Supplies $300 Credit: $300
(c) Debit: Utility Expense Accounts Payable $275 Credit: $275
(d) Debit: Unearned Service Revenue Service Revenue $490 Credit: $490
(e) Debit: Salaries Expense Salaries Payable $800 Credit: $800
(f) Debit: Insurance Expense Prepaid Insurance $400 Credit: $400
The types of adjustments are as follows:
(a) Unearned revenue
(b) Prepaid expense
(c) Accrued expense
(d) Accrued revenue
(e) Accrued expense
(f) Prepaid expense
In its first year of operations, Buddy Company earned $28,000 in service revenue. $6,000 of the revenue was on account and still outstanding at year-end, while the remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500, with $13,000 paid in cash and $1,500 still owed on account at year-end. Additionally, Buddy prepaid $3,600 for insurance coverage that would be used in the second year.
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
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A Canadian that purchases a vacation home in Miami, Florida in
the USA, is an example of.......
a.
Foreign income transfer
b.
Foreign direct investment
c.
Foreign export purchase
d.
Foreign diverted
A Canadian that purchases a vacation home in Miami, Florida in
the USA, is an example of Foreign direct investment
When a Canadian purchases a vacation home in Miami, Florida, it is considered an example of foreign direct investment. Foreign direct investment refers to the investment made by individuals, businesses, or governments from one country into another country. In this case, the Canadian is directly investing in real estate in the USA by purchasing the vacation home. This type of investment involves a long-term commitment and ownership of assets in a foreign country.
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PLEASE HURRY FOR CAREER CLASS
What does it mean to be a leader? What
are three skills that are necessary to be a
successful leader?
Answer:
Along with leading a team, being a leader also means you are open to new ideas, perspectives, basically having an open mindset.
Three skills can include empathy, creativity, and flexibility
Explanation:
Being a good leader means being open-minded, the ability to allow for new ideas and outcomes. A leader should be able to engage in great understanding of all possibilities. Leaders are those who see things needing improvement, and who encourage others to be their best selves.
Three skills that are necessary to be a successful leader would include being able to engage in active listening. Active listening is important as it allows all members of the group to feel included, and to set a positive environment. Critical thinking is another important skill to have as a leader. Critical thinking allows for all members of a group to be encouraged to pitch in new ideas and strategies. Having strong communication skills is absolutely necessary when being positioned as a leader. Strong communication allows you and others to understand each other accurately and efficiently. Each of these skills is essential in not only daily life but in a professional setting, such as the lead role as discussed.
Words are origional, so feel free to do whatever you wish with them
Exports only account for a small percentage of u. S. Business for which two reasons?.
The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is:.
The record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
What is a Journal entry?The Journal entry helps to record all basic financial transaction.
In conclusion, the record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
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Two members of the Wisconsin state legislature wrote about the need for a constitutional amendment to balance the U.S. federal budget. They argued, "A few days ago, the federal deficit hit $1 trillion. That’s right, the United States spent $1,000,000,000,000 more than we could afford in this fiscal year alone. Wisconsin families know that is not sustainable. We don’t rack up credit cards to the max, add tens of thousands in car loans, a hefty mortgage we can’t afford, and then expect our grandchildren to pay it all back.
Embedded in these 4 sentences are three (3) arguments used to support a balanced budget amendment. Identify the 3 arguments made in the sentences above. What are the direct counter-arguments to the three (3) arguments identified above by those who oppose a balanced budget amendment.
The three arguments made to support a balanced budget amendment in the above-mentioned sentences are as follows:1. The U.S. federal deficit has hit $1 trillion, which is not sustainable.2. Wisconsin families know that overspending is not sustainable.
3. The idea of racking up credit cards to the max, adding tens of thousands in car loans, a hefty mortgage we can’t afford, and then expecting grandchildren to pay it all back is unreasonable. The direct counter-arguments to the three arguments identified above by those who oppose a balanced budget amendment are as follows:
1. Opponents of a balanced budget amendment argue that sometimes, governments must spend more than they collect in taxes to avoid a recession. For example, during the COVID-19 pandemic, the United States provided stimulus checks and implemented economic stimulus packages to prevent a deeper recession.
2. Opponents argue that a balanced budget amendment would make it challenging to address national crises, such as natural disasters, economic downturns, or public health crises, which require significant spending.
3. Opponents argue that the Constitution already provides the necessary mechanisms for a balanced budget by authorizing Congress to regulate commerce, levy taxes, and borrow money on the credit of the United States.
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you are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. analysts at your firm have determined that group 1’s elasticity of demand is −4, while group 2’s is −2. your marginal cost of producing the product is $30.
As the manager of a monopoly selling a product to two groups of consumers in different parts of the country, with group 1 having an elasticity of demand of -4 and group 2 having an elasticity of demand of -2, and a marginal cost of production at $30, I would set different prices for each group in order to maximize profits.
1. Calculate the price elasticity of demand for each group using the given elasticity values. Price elasticity of demand (PED) is calculated by dividing the percentage change in quantity demanded by the percentage change in price. In this case, group 1's PED is -4 and group 2's PED is -2.
2. Determine the optimal price for each group using the formula: Optimal price = marginal cost × (1 + 1 / PED). For group 1, the optimal price would be $30 × (1 + 1 / -4) = $37.50, and for group 2, the optimal price would be $30 × (1 + 1 / -2) = $45.
3. Set the prices accordingly, charging $37.50 for group 1 and $45 for group 2.
4. Monitor the sales and adjust prices if necessary based on the demand and market conditions.
By setting different prices based on the price elasticities of demand for each group, the monopoly can maximize profits by capturing the maximum consumer surplus in each market segment.
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What's time based management?
Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered in locations throughout the world. Mary manages the plant located in Des Moines, Iowa, while Gary manages the plant in EI Segundo, California. Production managers are paid a salary and get an additional bonus equal to 5 % of their base salary if the entire division meets or exceeds its target profits for the year. The bonus is determined in March after the company's annual report has been prepared and issued to stockholders.
Shortly after the beginning of the new year, Mary received a phone call from Gary that went like this:
Gary: How's it going, Mary?
Mary: Fine, Gary. How's it going with you?
Gary: Great! I just got the preliminary profit figures for the division for last year and we are within 200,000 of making the year's target profits. All we have to do is pull a few strings, and we'll be over the top!
Mary: What do you mean?
Gary: Well, one thing that would be easy to change is your estimate of the percentage completion of your ending work in process inventories. Mary: I don't know if I can do that, Gary. Those percentage completion figures are supplied by Tom Winthrop, my lead supervisor, who I have always trusted to provide us with good estimates. Besides, I have already sent the percentage completion figures to corporate headquarters.
Gary: You can always tell them there was a mistake. Think about it, Mary. All of us managers are doing as much as we can to pull this bonus out of the hat. You may not want the bonus check, but the rest of us sure could use it.
The final processing department in Mary's production facility began the year with no work in process inventories. During the year, 210,000 units were transferred in from the prior processing department and 200,000 units were completed and sold. Costs transferred in from the prior department totaled 39,375,000. No materials are added in the final processing department. A total of 20,807,500 of conversion cost was incurred in the final processing department during the year.Required:
(b) Does Gary Stevens want the estimated percentage completion to be increased or decreased? Explain why.
The percentage of completion of work in prepare stock is an appraise of the inventory's completion relative to the complete generation process. Rate of completion is one of the bookkeeping estimates that are helpless to subjective inclinations. The rate of completion incorporates a critical salary on the money related articulations
Gary Stevens wants the expected percentage completion to be escalated(increased) because he wants to get additional bonus which is paid at the rate of 5% of the basic pay. That is why he wants Mary to manipulate the figures to get the additional bonus.Gary Stevens desparately wants the margin to grow. To increase the margins, he has to lessen the cost of goods sold.In process of lessen the cost of goods sold, he has to improve the equivalent production. And if one wants to increase the production equivalent figures, then there will be more calculated percentage completion finished work in process.To know more about percentage of completion visit:
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Credit unions are similar to commercial banks in that both: Group of answer choices pay federal income taxes are regulated have Federal Reserve membership tend to be small institutions
Credit unions are similar to commercial banks in that both are regulated. Therefore, the correct option is option 2.
Credit unions and commercial banks share similarities in that both are regulated financial institutions. They must adhere to rules and guidelines set by governing bodies, such as the Federal Deposit Insurance Corporation (FDIC) for banks and the National Credit Union Administration (NCUA) for credit unions. This ensures the safety and soundness of these institutions and protects the interests of depositors and members.
However, there are some key differences between the two. While commercial banks pay federal income taxes and have Federal Reserve membership, credit unions do not. Instead, credit unions are exempt from federal income taxes because they are member-owned, not-for-profit institutions that exist solely to serve their members' financial needs.
Overall, while credit unions and commercial banks share some similarities, they operate under different rules and regulations that reflect their unique business models. Hence, the correct answer is option 2.
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The financial markets are a relatively new technological development created in the last 50 years.
Answer:
False
Explanation:
Wall Street, which is one of the most famous financial markets in the US was established in 1792. In Europe, financial markets exist since the middle ages. Modern banking started in Italy in the 12th century.
Telecommunications improved how financial markets work during the 20th century and expanded their reach, but they are almost 900 years old.
The famous economist Joseph Schumpeter once said that economists should not be concerned about collusion between oligopolistic firms because their secret agreements will eventually fall apart. Do you agree? Why?
I agree with Joseph Schumpeter's statement that economists should not be concerned about collusion between oligopolistic firms because their secret agreements will eventually fall apart. The reason for this is that, in an oligopoly, firms are motivated to maximize their individual profits, which often leads to conflicting interests.
Even if they form a collusive agreement to restrict output and increase prices, the incentive to cheat and undercut each other still exists. In the long run, this competition drives innovation and pushes firms to improve their products and services to maintain their market share.
Schumpeter's concept of "creative destruction" also plays a role in this context. As new innovations disrupt the market, old collusive agreements become less relevant and harder to maintain, ultimately leading to their disintegration.
In conclusion, Schumpeter's argument suggests that market forces and firms' self-interest will eventually cause collusive agreements to fall apart. Hence, economists should focus on promoting competition and innovation rather than being overly concerned with the temporary effects of collusion in oligopolistic markets.
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Ed decided he had to say something. He thought about saying, "barry, you’re ruining my life with all the work assignments. " instead, he said, "barry, lately i’ve felt overworked and wondered if we could talk about my work assignments. " what principle of holding a difficult conversation is most at play here?.
The solution is remaining composed and blocking out noise. Instead of reacting quickly and telling Barry that he was wrecking his life, Ed remained composed and talked to him about his tasks.
Explanation
Barry and Ed had been coworkers for more than five years. They actually regarded one another as close friends.
But recently, there has been tension in their relationship. Ed felt that Barry was assigning him too much work without providing any genuine incentives or rewards. As a result, Ed had frequently canceled family commitments in order to complete the task. Barry, on the other hand, couldn't fathom Ed's recent icy treatment of him.
Ed finally made the decision that he had to speak up. Barry, you're killing my life with all these job assignments, he considered saying. The alternative was, "Barry, I've feeling overworked lately and wondering if we might talk about my work duties."
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If a company recognizes $5,000 of accrued salary expense on December 31, Year 1,
on January 1, Year 2 there will be a zero balance in the Accrued Salaries Expense account.
on January 1, Year 2 there will be a $5,000 balance in the Accrued Salaries Payable account. t
he December 31, Year 1 expense recognition will not affect the cash account.
All of the answer are correct.
If a company recognizes $5,000 of accrued salary expense on December 31, Year 1, there will be a $5,000 balance in the Accrued Salaries Payable account on January 1, Year 2.The correct option is: on January 1, Year 2 there will be a $5,000 balance in the Accrued Salaries Payable account.
When a company recognizes an accrued salary expense of $5,000 on December 31, Year 1, it means that $5,000 of salary is owed to the employees who earned them in Year 1 but would not receive them until Year 2. Therefore, the balance of $5,000 would be in the Accrued Salaries Payable account on January 1, Year 2.
The company will then make a payment to the employees in Year 2. December 31, Year 1 expense recognition would affect the Balance Sheet because it would be a liability owed by the company but it would not affect the Cash account. The correct option is: on January 1, Year 2 there will be a $5,000 balance in the Accrued Salaries Payable account.
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can we consider economics as a soicial science as well?why?
Answer:
Economics is regarded as social science because build it uses scientific methods to explain the theories that can help explain the behaviour of individuals, groups and organisations. Economics attempts to explain economic behaviour, which arises when scarce resources are exchanged
proceeds from the tolls collected at turnpikes a. built up the surrounding cities' commerce. b. defrayed high taxes for citizens in the area. c. were used for road maintenance. d. funded local farms to increase crop production
Proceeds from the tolls collected at turnpikes were used for road maintenance.
Since the latter part of the 17th century, Parliament has gradually taken over municipal governments' responsibilities for maintaining and repairing roads.
The Turnpike Acts granted a trust the authority to impose tolls on anyone who use the road and to use the proceeds to maintain and upgrade the road. They could also buy land to enlarge or reroute existing roadways. Maximum tolls were established, and the trusts were not for profit. The gate that barred the road until the toll was paid was known as the "turnpike."
The correct answer is the option c. were used for road maintenance.
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how do you the accounting equation
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.