Answer:
A
Explanation:
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
If taxes are cut, disposable income increases and demand increases. this is an example of demand side
On the other hand, if a replacement project is undertaken, the demand for labour increases. this is an example of supply side
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Answer: B
Explanation: Creating a brand community is easier when customers themselves already participate in real world community activities.
A brand community is a community in which consumers who share a set of social relationships based upon usage or interest in a product gather and mutually interact. Most times when this happens, it could cause others to become more aware of the brand. But if customers don't take out time to interact in the real world, this brand community may be difficult to achieve its aim.
Answer:
Price elasticity of demand = 1.2
Explanation:
Given:
Old price (P0) = $2
New Price (P1) = $3
Old quantity (Q0) = 4,200
New quantity (Q1) = 3,000
Price elasticity of demand = ?
Computation of Price elasticity of demand :
Price elasticity of demand = % change in quantity / % change in price
Price elasticity of demand = [(4,200-3,000)/3,000] / [(3-2)/3]
Price elasticity of demand = 1.2
Answer:
1. $5,700
2.
Dr depreciation expense $1,690
Cr accumulated depreciation $1,690
Explanation:
Crane Chemicals Company:
Under the straight-line method, the amount of depreciation remains the same over the useful life of the asset, in other words, the depreciation expense for 1 year to year 5 would be the same.
annual depreciation=(cost-salvage value)/useful life
annual depreciation=($31,400-$2,900)/5=$5,700
Salt Creek Country Club
annual depreciation=(cost-salvage value)/useful life
annual depreciation=( $17,500-$600)/10=$1,690
The journal entries for depreciation would be a debit to depreciation expense and a credit to accumulated depreciation accounts
Answer:
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