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1 year ago

An example of contractionary fiscal policy would be:

2 answers:

4 0

The most recent large-scale use of contractionary fiscal policy came during President Bill Clinton's time in office (1993–2001), when he increased taxes on high-income taxpayers and decreased government spending on both defense and welfare

Zielflug [23.3K]1 year ago

3 0

Answer:

increasing taxes and lowering government spending.

Explanation:

When the government lowers taxes, consumers have more disposable income.

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U.S.-based companies should turn to the _____ for the most comprehensive source of export information.

Juliette [100K]

Answer:

Department of commerce

Explanation:

U.S.-based companies should turn to the department of commerce for the most comprehensive source of export information.

The department of commerce is a section in the United States government. It creates jobs through good and favorable international trade terms, sustainable development and through access to high technology.

It provides companies with trade informations of which exports is one.

6 0

2 years ago

In its annual income statement, Fox Co. reported income before income taxes of $300,000. Fox estimated that, because of permanen

mezya [45]

Answer:

In total 84,000 income tax will be reported.

Explanation:

taxable income 280,000

tax rate: 30%

tax expense: taxable income x tax rate:

280,000 x 30% = 84,000

The company already expected 50,000 tax income:

income tax expense 50,000 debit

cash 50,000 credit

So it will adjust for the difference: 84,000 - 50,000 = 34,000

income tax expense 34,000 debit

income tax payable 34,000 credit

In total 84,000 income tax will be reported.

5 0

2 years ago

Which activity does economics primarily study?

SashulF [63]

Answer:

c. best utilization of scarce resources

Explanation:

Economics is the study of how society uses its scarce resources to meet the insatiable needs of its members. Resources are the inputs that a county uses to produce goods and services. They are the four factors of production.

Human needs are unlimited and cannot be satisfied with the available scarce resources, necessitating human beings to make choices. Economics will involve analyzing production decisions amidst limited resources. It also analyses how the goods produced are distributed to satisfy the different needs and wants of its members.

3 0

2 years ago

A TES (Thermal Energy Storage) system is installed that will cost $89,000 and is projected to save $35,684 annually for the life

Blababa [14]

Answer:

the exact internal rate of return is 40%

Explanation:

The computation of the exact internal rate of return is shown below

Given that

Initial investment = -$89,000

Year 1 to Year 18 = $35,684 each year

Based on the above information

We use the IRR formula

= IRR()

After applying the internal rate of return formula, the exact internal rate of return is 40%

So the same is considered and relevant too

6 0

2 years ago

Caldwell Co. uses flexible budgets to control its selling expenses. Monthly sales are expected to be from $300,000 to $360,000.

VLD [36.1K]

Answer and Explanation:

The preparation of flexible budget is shown below:-

Budget Actual Difference F/U

$330,000 $330,000

Variable expenses

Sales commissions $16,500 $17,200 $700 U

($330,000 × 5%)

Advertising $13,200 $12,000 $1200 F

($330,000 × 4%)

Traveling $23,100 $23,700 $600 U

($330,000 × 7%)

Delivery $3,300 $2,400 $900 F

($330,000 × 1%)

Total variable expenses a $56,100 $55,300 $800 F

Fixed expenses

Sales salaries $40,000 $41,500 $1,500 U

Depreciation $10,000 $10,000 0 NA

Total fixed expenses b $50,000 $51,500 $1,500 U

Total expenses (a+b) $106,100 $106,800 $700 U

Therefore, if budget is more than actual then it will be favorable and if actual is more than budget then it will be unfavorable.

According to this the classification of every items is shown above.

8 0

2 years ago