What is fiscal restraint and when might our government exercise fiscal restraint?
Answers
Fiscal restraint refers to government policies or actions aimed at reducing the budget deficit or achieving a budget surplus. It involves reducing government spending, increasing taxes, or a combination of both. The main objective of fiscal restraint is to control inflation and reduce the government's debt burden.
Governments might exercise fiscal restraint during times of economic expansion and high inflation. By decreasing government spending or increasing taxes, governments can reduce aggregate demand and inflationary pressures in the economy. Fiscal restraint can also be used during times of economic recession or crisis to reduce the government's budget deficit and prevent a further increase in the national debt. However, exercising fiscal restraint can also have negative consequences, such as reducing economic growth and increasing unemployment. Therefore, governments must carefully balance the benefits of fiscal restraint against its potential negative effects.In summary, fiscal restraint is a tool used by governments to manage the budget deficit, reduce inflation, and prevent further increases in the national debt. It involves reducing government spending, increasing taxes, or both, and is typically used during times of economic expansion and high inflation.
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Related Questions
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead S 5,000 Direct labor Manufacturing overhead applied to work in process 87,000 Underapplied overhead S30,000 58,000 S 4,000 Inventories Raw materials Work in process Finished goods Beginning Ending $ 12,000 $18,000 $56,000 $65,000 $35,000 $42,000 Required: 1. Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured 2. Prepare a schedule of cost of goods sold for the month. Primare Corporation Schedule of Cost of Goods Sold Finished goods inventory, beginning Goods available for sale Unadjusted cost of goods sold Adjusted cost of goods sold
Answers
For Primare Corporation, to prepare the schedule of cost of goods manufactured, first calculate the total raw materials available by adding beginning raw materials inventory ($12,000) and purchases of raw materials ($5,000). Then, subtract the ending raw materials inventory ($18,000) to find raw materials used in production.
Next, add direct labor ($58,000) and manufacturing overhead applied ($87,000) to determine total manufacturing costs. Finally, add underapplied overhead ($4,000) to find the cost of goods manufactured.
To prepare the schedule of cost of goods sold, start with the beginning finished goods inventory ($35,000) and add the cost of goods manufactured from the previous calculation. This gives the goods available for sale. Subtract the ending finished goods inventory ($42,000) to find the unadjusted cost of goods sold. Then, add the underapplied overhead ($30,000) to get the adjusted cost of goods sold.
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The foundation of a marketing plan.
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Answer:
Every marketing plan should include a clear explanation of the market segmentation, target market focus, and a market forecast. To develop an effective plan based on your customers' needs and nature.
Values have all the following characteristics except
a. Provides guidance to organizations
b. Subjective and related to choice
c. Widely accepted
d. Used to develop norms
e. Differs across cultures and firms
Answers
The characteristic that values do not have among the given options is: c. Widely accepted
Values can differ across individuals, cultures, and organizations. They are subjective and related to personal choice, and their acceptance can vary. Therefore, values may not be widely accepted and can differ across cultures and firms. However, the other options are accurate characteristics of values:
a. Values provide guidance to organizations in terms of setting priorities, making decisions, and shaping organizational culture.
b. Values are subjective and related to personal choice, as they reflect an individual's beliefs, preferences, and principles.
d. Values are used to develop norms, which are shared expectations and standards of behavior within a group or society. Values provide the foundation for establishing these norms.
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An auditor's purpose in reviewing credit ratings of customers with delinquent accounts receivable is most likely to obtain evidence concerning management's assertions relating to
Answers
The auditor's purpose in reviewing credit ratings of customers with delinquent accounts receivable is to obtain evidence concerning management's assertions relating to the accuracy.
The auditor wants to ensure that the accounts receivable balance is fairly stated and that the allowance for doubtful accounts is adequate to cover any potential losses from uncollectible accounts. By reviewing credit ratings of customers with delinquent accounts receivable, the auditor can assess the creditworthiness of these customers and evaluate whether management has properly estimated the allowance for doubtful accounts. The auditor will also examine whether the company has proper procedures in place for monitoring and collecting delinquent accounts, and whether management has accurately reported the status of these accounts. Additionally, the auditor may review the company's credit policies and procedures to ensure that they are effective in minimizing the risk of bad debts. This can include reviewing the credit approval process, monitoring of credit limits and terms, and collection efforts.
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A small business earns a profit of $6500 in January and $17,500 in May. What is the rate of change in profit for this time period? Explain.
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The rate of change in profit for this period is 169.23%.
What is the rate of change?The rate of change shows the ratio or proportionality by which a value changes in relation to another.
We can determine the rate of change by dividing the difference in value by the former value and multiplying the quotient by 100.
Profit earned in January = $6,500
Profit earned in May = $17,500
Change in profit = $11,000 ($17,500 - $6,500)
Rate of change = 169.23% ($11,000/$6,500 x 100)
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explain the process involve in forming a company.
include these points:
1. Often require more time and legal works.
2. Need to complete all required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION.
3. Once all document is ready, the register of the company issues the Certification of incorporation.
4. Certification of incorporation certifies the legal status of the company and allows to start trading.
Answers
Forming a company involves a number of steps and can often require more time and legal work than other types of business structures. Here are the steps typically involved in forming a company:
How to fporm companyChoose a Business Name: The first step is to choose a business name that is not already in use by another company. It's important to conduct a search to ensure the name is not already taken.
Decide on Company Structure: The next step is to decide on the legal structure of the company, such as a corporation, LLC, or partnership.
Prepare the Required Documents: Once the structure has been chosen, the required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION must be completed. These documents outline the purpose of the company, its ownership structure, and other important details.
File Documents with the Register of Companies: The completed documents must then be filed with the register of the company in the jurisdiction where the company is to be incorporated. This requires paying a fee and providing additional information about the company, such as the names and addresses of directors and shareholders.
Certification of Incorporation: Once all the required documents have been submitted and approved, the register of the company issues a Certification of Incorporation. This certificate certifies the legal status of the company and allows it to start trading.
Obtain Business Licenses and Permits: Depending on the type of business and the jurisdiction, the company may also need to obtain additional licenses and permits before it can begin operating legally.
Overall, forming a company involves a significant amount of legal work and documentation, but it provides the benefit of limited liability and can make it easier to raise capital and attract investors.
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Which of the following is an output device? DVD-ROM Touchpad Hard drive Printer
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The printer should be considered an output device.
The following information should be considered for an output device:
The output device is the device that transforms the information into a human-readable form. The example of the output devices includes monitor, printer, plotters, speakers, etc.Therefore we can conclude that the printer should be considered an output device.
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if the minimum wage law sets a price floor above the equilibrium wage in the market for unskilled labor, then the
Answers
If the minimum wage law sets a price floor above the equilibrium wage in the market for unskilled labor, then the result will be an excess supply of labor (unemployment) and a decrease in the quantity of labor demanded by employers.
This is because employers are now required to pay their employees at least the minimum wage, which is higher than what the market equilibrium would have dictated.
For example, let's say that the equilibrium wage in the market for unskilled labor is $8 per hour, but the government sets the minimum wage at $10 per hour.
This means that any employer who wants to hire unskilled workers must pay them at least $10 per hour, even if their productivity is only worth $8 per hour.
As a result, some employers may choose to reduce the number of workers they hire or even lay off some employees to compensate for the higher wage costs.
This will lead to an excess supply of labor (unemployment) as there are more workers willing to work at a higher wage rate than there are job openings available.
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Sam and his wife Ann purchased a home in Lubbock, Texas, in 1980 for $100,000. Their original home mortgage payment was $90,000. The house has a current market value of $175,000 and a replacement value of $200,000. They still owe $55,000 of their home mortgage payment. In their current balance sheet, their home will be reflected as: Group of answer choices
Answers
Answer:
$175,000 asset and $55,000 liabiliy
Explanation:
The computation is shown below:
In the present balance sheet, the home should considered the following amounts
1. The current market value of the house i.e. $175,000
2. And, the home mortgage payment of $55,000 that we called as the liability
These two amount should be presented on the balance sheet
Hence, the above should be the answer
4) Activity 5: Check for ONE Make Your Stand: After graduation you decide to establish your own business. How will you organize it given the life cycle below? 1, Birth 2. Youth 3. Midlife 4. Maturity
Answers
The business lifecycle can be defined as the phases that a business goes through since its conception. It is important that when opening your own business, you understand the phases of the business life cycle to better understand the business and develop strategies to help the business succeed.
1. Birth:
It is the stage where the business is created. In this phase, the company's facilities must be organized, strategic planning, hiring employees, buying stocks and publicizing the inauguration.
2. Youth:
At this stage, the business is becoming known in the market and is starting to generate positive financial results. It is a phase where the focus must be on customer loyalty and on the balance between expenses and income.
3. Middle age:
It is the phase where the business already has a clientele and has already conquered its market share, in this phase the quest is to ensure greater positioning and market leadership.
4. Maturity:
The company has already conquered a loyal clientele and supports itself, in this phase that can last for decades, the business is already consolidated and positioned. The focus therefore must be on maintaining market leadership and differentiation from competitors.
Therefore, the business lifecycle will help the entrepreneur to better manage and control market situations that directly impact the business.
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How is a credit union different from a bank?
O Acredit union offers services to companies instead of individuals.
A credit union only offers credit, it does not store money.
Acredit union is usually larger than a bank.
O A credit union is owned by its customers.
Answers
Answer:
a credit union is owned by its costumers (D)
Explanation:
i took the assignment!!
one way to create new jobs is to increase innovation among new graduates from engineering and the sciences. how can the united states motivate more students to major in these areas
Answers
Government, industry, and academia need to collaborate to increase funding, incentives, and awareness of STEM degrees to motivate more students to pursue these fields.
Increase funding for STEM programs and scholarships in primary, secondary, and higher education.Offer tax credits or incentives to businesses that hire graduates with a degree in STEM fields.Partner with universities and businesses to create internships and apprenticeships in STEM fields.Use government resources to create programs that allow students to explore and gain experience in STEM fields.Increase public awareness of the benefits of pursuing a STEM degree and the job opportunities available.Invite leading scientists and engineers to speak to students and parents about the importance of STEM education.Engage with the private sector to create more competitive salaries for STEM-related jobs.Encourage girls and underrepresented populations to pursue STEM degrees.Foster collaboration among government, industry, and academia to identify and address shortages in STEM-related job markets.Encourage universities to update their curricula to keep up with the changing demands of the job market.Learn more about STEM programs: https://brainly.com/question/26355089
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What are the two essentials for completing an initial mortgage?
Answers
Your most recent two months' worth of bank statements are among the most crucial things the lender looks at, along with your application and credit report in the mortgage process.
A mortgage is a loan granted to a buyer by a bank or other type of mortgage lender so they can buy a home. A mortgage is a contract in which the bank lends money to the buyer to buy the house, and the buyer promises to pay the money back in full with a predetermined interest rate. Lenders often employ a mortgage ratio of 4.5 times an annual salary. This indicates that you may obtain a mortgage for 4.5 times your annual wage. Most likely, you'll want to know how much each monthly payment will cost. Based on a mortgage rate, the monthly mortgage payments for a £200,000 mortgage will be £948.
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Your most recent two months' worth of bank statements are among the most crucial things the lender looks at, along with your application and credit report in the mortgage process.
A mortgage is a loan granted to a buyer by a bank or other type of mortgage lender so they can buy a home. A mortgage is a contract in which the bank lends money to the buyer to buy the house, and the buyer promises to pay the money back in full with a predetermined interest rate. Lenders often employ a mortgage ratio of 4.5 times an annual salary. This indicates that you may obtain a mortgage for 4.5 times your annual wage. Most likely, you'll want to know how much each monthly payment will cost. Based on a mortgage rate, the monthly mortgage payments for a £200,000 mortgage will be £948.
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true or false
You should prioritize goals by putting them in order of importance
Answers
Answer:
true
Explanation:
because thats what you should do
What does productivity measure for a business?
A. Its efficiency in creating its product
B. Its ability to generate capital investment
C. Its variety of products on the market
O D. Its share of a market compared to competitors
Answers
Answer:
A. Its efficiency in creating its product
Explanation:
Productivity describes various measures of the efficiency of production. Often, a productivity measure is expressed as the ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time
Productivity measure for a business: its efficiency in creating its product. Thus, option A is the correct option.
What is Productivity?The effectiveness with which products and services are produced can be referred to as production process productivity. The most common method for determining productivity is to compare an aggregate output with a single input or an aggregate input with an aggregate output over time. Productivity refers to how quickly someone completes a task.
It may be described as the pace at which a business or nation creates products and services (output), often assessed in relation to the quantities of inputs (labor, capital, energy, or other resources) utilized to generate those goods and services. One of the main drivers of economic expansion and competitiveness is productivity.
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write a letter to your father asking for money to buy textbooks and pay for your school fees
Answers
Answer:
pay
Explanation:
Business owners, especially owners of small or closely held businesses, often make expenditures that are motivated by both business and personal activities. These mixed-motive expenditures are of concern to the IRS.
Explain why the IRS is concerned about these types of expenditures. Identify the common types of these expenditures and the restrictions placed on these expenditures, including, how do the rules for international travel differ from domestic travel?
Answers
Business owners, particularly those of small or closely held businesses, often spend money that is driven by both personal and business activities.
These mixed-motive expenditures are of concern to the IRS due to the fact that business expenses are tax-deductible while personal expenses are not tax-deductible.The common types of these expenditures include transportation expenses, meals, entertainment expenses, and travel expenses. As per the IRS, transportation expenses like taxis, buses, trains, or rental cars, between the office and the place of business, are 100% deductible. However, if the business owner stops to have lunch, the cost of the meal is not tax-deductible but the transportation expense is deductible.
Meals and entertainment expenses are limited to 50% of the cost. The exception to this rule is if the expense is reimbursed under an accountable plan, which requires adequate accounting and timely substantiation. International travel expenses differ from domestic travel expenses. The IRS restricts all expenditures that are considered lavish or extravagant. In general, the same rules apply to international travel as domestic travel. However, business owners need to ensure that they're aware of any potential differences in taxation and cost that could arise from international travel. This may include the differences in per diem rates, which would affect the amount that's deductible for meals and lodging.
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painting expenses is debit or credit
Answers
Answer:
Debit
Explanation:
If its not a house or a big invesment into a buisness it is debit
Bc painting expenses need credit
Identify the careers that match the descriptions.
Checks to make sure that laws and regulations are followed for pollution and waste disposal:
Organizes waste materials for processing into new products and substances:
Operates machinery for treating water for human use:
Uses design skills to solve and prevent environmental problems:
Cleans up and disposes of toxic chemical and fuels:
Options
A. Recycling and Reclamation Worker
B. Water and Wastewater Treatment Plant and System Operator
C. Hazardous Materials Removal Worker
D. Environmental Compliance Inspector
E. Environmental Engineer
Answers
1- Enviromental Compliance inspector (D)
2- Recyling and Reclamation Worker(A)
3-Water Treatment Plant and System Operator (B)
4-Enviromental Engineer (E)
5-Hazardous Materials Removal Worker(C)
What does it mean when someone’s account is “overdrawn”?
Answers
The term someone’s account is “overdrawn” means that you have spent more money than is available or found in it and are therefore the person is said to be owing money to the bank.
What does it signify when your account is overdrawn?When you do not have enough money in your account to cover any kind of transaction but the bank nevertheless covers the transaction, this is known to be called an overdraft.
Therefore, based on the above, one can say that The term someone’s account is “overdrawn” means that you have spent more money than is available or found in it and are therefore the person is said to be owing money to the bank.
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02.01 LC)
Work you do for pay is called a _____.
A. service industry
B. diverse workforce
C. job
D. volunteer job
Answers
Which of the following is most likely reason that a regulated product may go
to market?
Answers
Answer:
B) it has passed testing and certification standards
Explanation: hope this helps!
Answer:
B IS CORRECT :))))
Explanation:
The Regal Cycle Company manufactures three types of bicycles�a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow:
Total Dirt
Bikes Mountain
Bikes
Racing
Bikes
Sales $ 300,000 $ 90,000 $ 150,000 $ 60,000
Variable manufacturing and selling expenses 120,000 27,000 60,000 33,000
Contribution margin 180,000 63,000 90,000 27,000
Fixed expenses: Advertising, traceable 30,000 10,000 14,000 6,000
Depreciation of special equipment 23,000 6,000 9,000 8,000
Salaries of product-line managers 35,000 12,000 13,000 10,000
Allocated common fixed expenses* 60,000 18,000 30,000 12,000
Total fixed expenses 148,000 46,000 66,000 36,000
Net operating income (loss) $ 32,000 $ 17,000 $ 24,000 $ (9,000)
*Allocated on the basis of sales dollars.
Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out.
Required:
1a. What is the impact on net operating income by discontinuing racing bikes? (Decreases should be indicated by a minus sign.)
1b. Should production and sale of the racing bikes be discontinued?Yes
No2a. Prepare a segmented income statement.
2b. Would a segmented income statement format be more usable to management in assessing the long-run profitability of the various product lines.
Yes
No
Answers
1a. The impact on net operating income by discontinuing racing bikes would be an increase of $9,000 ($24,000 loss from racing bikes would be eliminated).
1b. Yes, production and sale of the racing bikes should be discontinued as they are incurring losses.
2a. Segmented Income Statement for Regal Cycle Company:
Total Dirt
Bikes Mountain
Bikes Racing
Bikes
Sales $300,000 $90,000 $150,000 $60,000
Variable expenses 120,000 27,000 60,000 33,000
Contribution margin 180,000 63,000 90,000 27,000
Traceable fixed expenses 53,000 18,000 22,000 13,000
Net income (loss) $127,000 $45,000 $68,000 $(6,000)
2b. Yes, a segmented income statement format would be more usable to management in assessing the long-run profitability of the various product lines.
It provides information on the contribution of each product line to the company's profitability and helps management make informed decisions about the allocation of resources.
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How is a decision-making grid an example of cost-benefit analysis?
Answers
Answer:
A decision-making grid is an example of cost-benefit analysis because it helps to weigh the costs and benefits of a particular decision. The grid outlines the various options available and provides a visual representation of the pros and cons of each option. The cost-benefit analysis helps to determine which option is the most beneficial and cost-effective.
Explanation:
How is simple different from compound interest?
A. Compound interest is not paid on the principal, or initial deposit.
B. Simple interest is paid on the original deposit plus any interest.
C. Compound interest is only paid on the principal, or initial deposit.
D. Simple interest is only paid on the principal, or initial deposit.
Answers
Simple interest differs from compound interest primarily in that it is calculated using the principal sum. The principle amount and interest that has accrued over time are used to calculate compound interest, on the other hand.
What distinguishes simple interest from compound interest simple?The basis for simple interest is the principal amount of a loan or deposit. On the other hand, compound interest is calculated using both the starting principal and the interest that would be added to it each period.
What aspects of simple versus compound interest are the same?Basically, simple interest is the cost of a loan or investment. It is determined using the principal sum. The interest that is calculated on interest is known as compound interest. It is determined by the principal amount as well as the previous period's interest.
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The correct option is D, Simple interest is only paid on the principal, or initial deposit.
Simple interest is typically a predetermined percentage of the outstanding amount that is funded, lent, or distributed over a predetermined time frame.
Borrowers are required to pay duty on principal in addition to principal when present value accumulates and is then added to the accrued interest from prior periods.
What distinguishes compound interest from simple interest?Simple interest is computed on the principal, or original loan amount, of a loan. Compound interest is frequently referred to as "credit on interest" since it is calculated using both the original interest and the interest paid from previous periods.
Compound interest takes into consideration both the outstanding balance and any earlier interest that has been charged, whereas simple interest just considers the principal for calculating interest charges.
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state the importance of agricultural experts
Answers
Answer:
Agriculture is the main source of national income for most developing countries. However, for the developed countries, agriculture contributes a smaller per cent age to their national income. Agricultural sector provides fodder for domestic animals. Cow provides people with milk which is a form of protective food.
What are the types of partnership and examples of each?
Answers
Answer:
here you go
Explanation:
Types of partnerships
General partnership. A general partnership is the most basic form of partnership. ...Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state. ...Limited liability partnership. ...Limited liability limited partnership
To decrease buyer power, the firm can a.​Differentiate its product b.​Decrease dependency on a single buyer c.​Sell its products in locations with multiple buyers d.​All of the above
Answers
Answer:
I need these pt thx plz plzpl
Wich of the following accounts is credited after the sale of a fully depreciated asset
Answers
Answer:
Relevant asset account is credited
Consider Emily's balance statement:
Emily's supervisor asked her to revise the balance statement. What does she need to revise? Why?
A B
1 Assets FY 2014
2 Accounts Payable $2,000
3 Wages $75,000
4 Taxes Payable $10,000
5 Mortgage Payable $15,000
6 Total $102,000
7
8 Liabilities FY 2014
9 Cash $800
10 Inventories $36,000
11 Investments $25,000
12 Accounts Receivable $61,800
13 Total $122,800
14
15 Balance -$20,800
Answers
Answer:
see below
Explanation:
A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.
Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.
In this balance sheet, Emily has confused assets and liabilities.
The column labeled as liabilities represents assets. She should change that. This column should be the topmost column. She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.
Answer:
Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.
Explanation: