The purpose of contractionary fiscal policy is to slow down economic growth and reduce inflationary pressures. This is achieved by decreasing government spending, increasing taxes, or a combination of both.
By reducing the amount of money flowing through the economy, the government aims to curb inflationary pressures and prevent an overheated economy. Contractionary fiscal policy is typically used during times of high inflation or when the economy is growing too quickly, leading to concerns of over-heating.
On the other hand, the purpose of expansionary fiscal policy is to stimulate economic growth and boost employment levels. This is achieved by increasing government spending, cutting taxes, or a combination of both.
By injecting more money into the economy, the government aims to stimulate demand, encourage businesses to invest, and create jobs. Expansionary fiscal policy is typically used during times of recession or when the economy is experiencing sluggish growth.
It is important to note that both contractionary and expansionary fiscal policies have their own set of advantages and disadvantages. While contractionary fiscal policy can help curb inflation and prevent an overheated economy, it can also lead to a decrease in consumer and business spending, which can further slow down economic growth.
Similarly, while expansionary fiscal policy can stimulate economic growth and boost employment levels, it can also lead to inflation and an increase in the national debt. Ultimately, the effectiveness of fiscal policy depends on the specific circumstances and goals of the government.
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The purpose of contractionary fiscal policy is to slow down economic growth and prevent inflation, whereas the purpose of expansionary fiscal policy is to stimulate economic growth and increase employment.
Fiscal policy is the use of government spending and taxation to influence the economy. Contractionary fiscal policy is a type of fiscal policy that is used to reduce the level of aggregate demand in the economy. This is done by decreasing government spending, increasing taxes, or a combination of both. The purpose of contractionary fiscal policy is to slow down economic growth and prevent inflation. This is because when the level of aggregate demand in the economy is high, it can lead to an increase in prices due to increased demand for goods and services.
On the other hand, expansionary fiscal policy is used to increase the level of aggregate demand in the economy. This is done by increasing government spending, decreasing taxes, or a combination of both. The purpose of expansionary fiscal policy is to stimulate economic growth, create jobs, and increase output. This is because when the level of aggregate demand in the economy is low, it can lead to a decrease in prices due to decreased demand for goods and services.
Both contractionary and expansionary fiscal policies have their advantages and disadvantages. Contractionary fiscal policy can be effective in controlling inflation and preventing the economy from overheating. However, it can also lead to a decrease in economic growth and employment. Expansionary fiscal policy can be effective in stimulating economic growth and employment, but it can also lead to inflation if not carefully implemented.
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What is the most common reason why countries create trade agreements brainly?
In order to control the volume of trade between themselves and other nations, countries use quotas in international trade. To decrease imports and boost domestic production, nations occasionally impose quotas on particular products.
What justification do nations use the most frequently to enact trade agreements?In order to control the amount of trade that occurs between nations, quotas are used in international trade.
There are three types of quotas used in the US: absolute, tariff-rate, and level quotas.Tariffs are taxes that one nation imposes on imported goods and services from another nation.Tariffs reduce the appeal of imported goods and services to domestic consumers by raising their cost.Quotas that are excessively restrictive and high tariffs can cause international trade disputes and other issues.Governments use quotas as an example of a nontariff trade barrier. Embargoes, levies, and sanctions are additional types of trade barriers.To know more about the trade agreements, here
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Stock x has a 9.5expected return, a beta coefficient of 0.8, and a 35% standard deviation of expected returns Stock Y has a 13.0% expected retum, a beta coucent of 1.3, and a 20.0% standard deviation. The risk-free rate is 8%, and the market risk premium in 5% 1. Calculate each stock's coefficient of variation, Round your answers to two decimal places. Do not round intermediate calculations CV-
The coefficient of variation for Stock X is 368.42% and for Stock Y is 153.85%.
To calculate the coefficient of variation (CV) for each stock, we need to divide the standard deviation of expected returns by the expected return and multiply by 100 to get the percentage.
For Stock X:
CV = (35% / 9.5%) * 100 = 368.42%
For Stock Y:
CV = (20% / 13%) * 100 = 153.85%
So, the coefficient of variation for Stock X is 368.42% and for Stock Y is 153.85%.
Please note that the Coefficient of Variation (CV) is used to compare the relative volatility of two stocks and it is calculated by dividing the standard deviation of the stock's return by its mean return. A low CV indicates that the stock's return is more predictable, while a high CV indicates more volatility.
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Who did the New Deal benefit the most?
The new deal mostly benefitted the unemployed workers, urban poor, farmers, and other sets of Americans who were restored of their worth as many were given employment.
The new deal was a system to restore secure employment to the people. It could protect the welfare of Americans regardless of rich or poor which then results in productive business systems across the country. The new deal vastly benefitted the unemployed workers as it provided jobs and security. It also was seen to aid the urban poor, farmers, wholesalers, food producers, and native Americans. Due to this, it attained support from different congressmen. The new deal was initiated by President Roosevelt to achieve results that aimed to restore the finances of Americans.
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What is the purpose of trade agreements?
Free trade agreements are designed to lower trade barriers between two or more countries and to enhance the flow of goods and services between the parties.
In a free trade agreement (FTA), two or more nations come to an understanding of a variety of issues, including investor protections, intellectual property rights, and obligations affecting trade in products and services.
The major objectives of trade agreements for the United States are to lower export barriers, safeguard American interests that compete abroad and strengthen the rule of law in the FTA partner nation or countries.
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surprise inflation can help people who have borrowed money. True or False
It is true that surprise inflation can help the people who have borrowed money.
What is inflation?The progressive decline in the purchasing power is what is meant by price increases, or inflation. A proxy for the rate at which purchasing power dwindles is average price increase of a sample of goods and services over time. The increase in price, which is frequently expressed as a percentage, results in unit of currency effectively buying less. To ascertain the overall impact of increases in price for a variety of goods and services, inflation must be measured. It allows for a single value representation of how prices for products and services have increased through time in an economy.
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What was yesterdays Price? Whats todays Price?
Find 5 stocks that you are interested in investing in. Give the company Name, Ticker Symbol, Share price today and What the Company does?
Pls do it pls I need it really needed it for today pls answer it
Answer:
The price is higher then it was yesterday
Explanation:
how long does a hard inquiry stay on your credit report
A hard inquiry stays on our credit report for two years but its impact to our credit score will diminish over time.
After the first six months, a hard inquiry will only affect your credit score for up to one year. After a year, it will no longer be factored into our credit score. This is because lenders are typically more interested in our recent credit activity than events from the distant past.
It is important to remember that a single hard inquiry is not likely to have a major impact on our credit score. However, many hard inquiries in a short period of time may signal to lenders that you are desperate for credit and could cause our score to drop.
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What steps can you take to improve the safety of food and diet of a child?
Vegetables and fruit, whole grain products, and protein-rich foods should all be included in a child's balanced diet. Children require three meals and one to three snacks each day (morning, afternoon and possibly before bed). The food you offer at meals and the snacks you provide should go hand in hand.
What is diet of a child?
A good diet should consist of fish, eggs, beans, peas, soy products, lean meat and poultry, and unsalted nuts and seeds. Fruits. To eat a variety of fresh, canned, frozen, or dried fruits, encourage your youngster to eat them.
Look for fruit in cans that are advertised as being light or packed in their own juice. Its low sugar content is shown by this.
What is a diet brief?
The total amount of food consumed by a person or other organism is referred to as their diet in the field of nutrition.
The term "diet" frequently connotes the use of specialized dietary intake for purposes of weight management or general health (with the two often being related).
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effective communicators gain trust by
By engaging with others, effective communicators earn trust. Effective communicators build trust through engaging with others—that is, by attempting to understand their counterparts' needs, wants, opinions, feelings, and goals.
"Communication is critical to trust development," says Jodi Macpherson, a communications specialist at Mercer Inc. "It leads to the development of a trusting atmosphere around leaders, allowing them to lead effectively, engage colleagues, and ultimately achieve outcomes." For senior managers, communications functions as a positioning agent for message delivery and leadership development. This is something that successful company executives have learnt firsthand. Building relationships with the individuals you wish to interact with is essential for effective communication. And trust is vital for developing meaningful professional connections. Trust is a powerful force that fosters loyalty, boosts credibility, and facilitates successful communication. It provides you with the benefit of the doubt when you want to be heard, understood, and trusted.
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Does contractionary fiscal policy increase aggregate demand?
Contractionary fiscal policy shifts the aggregate demand to the left .
Contractionary fiscal policy refers to actions taken by the government to decrease aggregate demand in the economy. This typically includes measures such as increasing taxes, decreasing government spending, or both. Therefore, contractionary fiscal policy does not increase aggregate demand.
Contractionary fiscal policy is used to decrease inflationary pressures by reducing aggregate demand. This can be done by decreasing government spending, which reduces the amount of money in circulation, or by increasing taxes, which reduces the disposable income of individuals and firms.
It's worth mentioning that contractionary fiscal policy can also affect aggregate supply by decreasing the incentive for firms to produce and hire workers, which in turn can decrease real GDP and increase unemployment in the short run. The long-term effects on aggregate demand can also depend on how contractionary fiscal policy is implemented and how the economy reacts to it.
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How is ownership defined by law?
Law and Definition of Ownership The right to possess anything legally is called ownership. The object of ownership may be material, such as real estate and personal property.
Its exact meaning is a matter of long-standing controversy, but law is a set of regulations made and enforced by social or governmental institutions to control behavior. Both the science and the art of justice have been used to describe it. Statutes can be created by a group of legislators or a single lawmaker, the executive can issue decrees and regulations, or judges can set precedent, usually in common law countries. State-enforced laws can also be formed by a single legislator or by a group of legislators. Private parties have the ability to make legally enforceable agreements, such as arbitration clauses that forgo traditional court action in favor of other means of settling disputes.
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What are the top 5 commodities?
cattle/calves, corn, soybeans, dairy products/milk, broilers, hogs, miscellaneous crops, wheat, chicken eggs, and hay:
Explanation:
All drivers are required to have the following ??
O A valid Florida commercial drivers license
O an annual vision
O an annual physical
O a certificate
All applicants must possess an Operator's License, meet the eyesight criteria, and pass the knowledge and skills exams before being granted a Commercial Driver License.
Who in Florida requires a business driver's license?Any driver hauling a tractor-trailer with a declared load of 26,001 lbs or more must have a Commercial Driving License in Florida. The various licensing classes for commercial drivers are listed below.
What location is the Florida driver manual located?You can still download the Florida Driver Manual even though it is no longer accessible at your neighborhood DMV. A synopsis of the key sections is provided below. Anyone operating a motorized vehicle on public roads and highways in Florida must possess a current Florida driver's license.
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What formula in Excel calculates monthly payments?
The formula in Excel to calculate monthly payments is to use PMT
Personal financial management can be difficult, especially when trying to schedule payments and savings. You may determine how long it will take you to attain your goals by using Excel formula and budgeting templates to assess the future worth of your debts and assets. Utilize the following features:
Using constant payments and a constant interest rate, PMT determines the loan payment. Based on frequent, consistent payments and a constant interest rate, NPER determines the number of payment periods for an investment. The present value of an investment is returned by PV. The sum that a sequence of future payments are currently worth is known as the present value.Based on regular, constant payments and an interest rate that is constant, FV returns the investment's future value.Learn more about Excel formula here: https://brainly.com/question/29280920
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who join the NDS that will create in the future
and please don't let's people answer and it a question if you thick about
i will still give Brainliset
The President's National Security Strategy is the subject of the National Defense Strategy (NDS), which focuses on the Department of Defense's role in carrying it out (NSS).
Who meets the criteria for an NDA?Candidates who have finished class 12 or are currently registered in class 12 and are between the ages of 15.7 and 19 are eligible to apply for the NDA 2023 exam.
According to NDA eligibility 2022, candidates who were not born earlier than 02 January 2004 or later than 01 January 2007 are eligible to apply for the exam. Before proceeding to the exam selection procedure, candidates must first satisfy all of the required NDA qualification standards.
Who oversees NDS-OM?RBI uses the NDS-OM, an electronic anonymous order matching system with a screen-based interface, to trade its government securities on the secondary market. The system is now open to businesses who have SGL accounts with the RBI, including banks, primary dealers, insurance providers, mutual funds, etc.
What types of settlements does NDS handle?One of two groups makes up NDS-OM members, including:
Members Direct - Direct Members have access to current accounts with the RBI and the ability to directly settle trades on NDS-OM. Due to the fact that indirect members do not have current accounts with the RBI, they must settle through direct NDS-OM members.
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The Shannon Community Kitchen provides hot meals to homeless and low-income individuals and families; it is the organization’s only program. It is the policy of the community kitchen to use temporarily restricted resources for which the purpose has been met before unrestricted resources. The Kitchen had the following revenue and expense transactions during the 2017 fiscal year.
1. Unrestricted cash donations of $25,000 were received. A local philanthropist also contributed $3,000, which was to be used for the purchase of Thanksgiving dinner foodstuffs.
2. A local grocery store provided fresh produce with a fair value of $100. The produce was immediately used.
3. Volunteers from the local university contributed 100 hours to preparation and serving of meals. The estimated fair value of their labor was $750.
4. The Kitchen received a $5,000 federal grant for the purchase of institutional kitchen appliances.
5. At Thanksgiving time, the Kitchen spent $4,100 on foodstuffs for preparation of the Thanksgiving dinner.
Required Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Date Accounts and Descriptions Debit Credit
1 Cash 28,000
Contributions - Unrestricted 25,000
Contributions - Temporarily Restricted 3,000
(Received unrestricted contribution and service contribution)
2 Program Expenses 100
Contributions - Unrestricted 100
(Record program expenses)
3 No transaction recorded -- no skill required
4 Cash 5,000
Contributions - Temporarily Restricted 5,000
(Record Fed grant for supplies)
5 Program Expenses 4,100
Cash 4,100
(Record program expenses)
Net Assets released - purpose fulfilled for temporary restricted contribution 3,000
Net Assets released - purpose fulfilled for restricted contribution 3,000
(To record net assets temporarily restricted to unrestricted)
Which assets do you mean?An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful. A company's balance sheet lists its assets. They are divided into current, fixed, financial, and intangible categories.
What are your three best qualities?Your time, mind, and network are your three greatest assets. Protecting your time, expanding your knowledge, and fostering your network should be your daily goals. Top sales performers are aware of what this means and don't let themselves be tempted to waste time on pursuits that don't result in sales.
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Do discount points increase the yield to the lender?
By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate.
What are discount points?Discount points, often known as mortgage points or just points, are a type of prepaid interest that can be used to arrange a mortgage in the United States.
One point is equal to 1% of the loan balance. In order to cut the loan's interest rate, borrowers can offer to pay points to the lender.
In return for this upfront payment, they will receive a loan with a lower monthly payment.
It is also possible to buy points to lower the monthly payment in order to be approved for a loan.
Sometimes the only way to meet the requirements for a loan based on monthly income and monthly loan payments is to lower the monthly payment by buying discount points that will lower the interest rate and, in turn, lower the monthly loan payment.
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Jolianne worked half as many hours as andrew. Jolianne makes $10 per hour and has saved $27. Andrew makes $8 per hour and has no money saved. After getting paid, they have the same amount of money.
Jolianne is correct because when solving t in her equation, t = hours Jolianne worked, and when solving for t in Andrew’s equation, t = hours Jolianne worked so they are equal. To find the number of hours Jolianne and Andrew worked, we can set up equations using the information given in the problem.
The concept used to answer this question is algebraic equations. We can then solve for t in each equation to find that Jolianne worked 2.7 hours and Andrew worked 3.375 hours. Since Jolianne worked half as many hours as Andrew and they both have the same amount of money, Jolianne's equation and Andrew's equation are both valid.
Jolianne's equation is:
$10t = $27
where t is the number of hours Jolianne worked.
Andrew's equation is:
$8t = $27
where t is the number of hours Andrew worked.
We can then solve for t in each equation to find that Jolianne worked 2.7 hours and Andrew worked 3.375 hours. Since Jolianne worked half as many hours as Andrew and they both have the same amount of money, Jolianne's equation and Andrew's equation are both valid.
Here is the complete question.
Jolianne worked half as many hours as Andrew. Jolianne makes $10 per hour and has saved $27. Andrew makes $8 per hour and has no money saved. After getting paid, they have the same amount of money.
Andrew claims that only his table and equation are correct, but Jolianne claims that both tables and equations are valid. Which statement regarding their claims is true?
Andrew is correct because t cannot be used to represent the number of hours Jolianne worked.
Andrew is correct because Jolianne worked half as many hours as he did and he did not work twice as many hours as she did.
Jolianne is correct because if one lets t = hours Andrew worked, then his equation is valid. If one lets t = hours Jolianne worked, then Andrew worked twice as many so her equation is valid, too.
Jolianne is correct because when solving t in her equation, t = hours Jolianne worked, and when solving for t in Andrew’s equation, t = hours Jolianne worked so they are equal.
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Parallel processing is one advantage of ___
a. virtual reality
b.edge computing
c. grid computing
d. nanotechnology
Virtual reality has the benefit of parallel processing.
How does virtual reality work? What is it?A computer-generated environment with objects and situations that seem genuine is called virtual reality (VR), and it gives the user the impression that they are completely surrounded by the environment. Through the use of a Virtual Reality helmet or headset, this environment is experienced.
What is virtual reality, and how does it work?A simulated environment that can be viewed in 360 degrees is created using computer technology, sometimes known as virtual reality, or VR. VR provides an immersive experience by immersing the user into the virtual environment, in contrast to traditional interfaces.
What three sorts of virtual reality are there?Virtual reality simulations fall into three main categories: non-immersive, semi-immersive, and fully-immersive.
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What are the 4 basic principles of finance?
The four principles of finance are income, savings, spending, and investing.
Income, savings, spending, and investment are the four guiding principles of finance. You can keep your funds in good shape by adhering to these fundamental rules of personal finance. These ideas frequently enable people to accumulate riches over time.
The other three financial tenets are founded on income. You can begin saving after you have a job. You get extra money to use in the future as a result of saving money. The more money you put aside today, the easier it will be to avoid monetary emergencies, pay for pricey expenditures, and pursue financial objectives.
Spending is a way to treat yourself after putting in a lot of effort at work. Spending encourages you to work harder to earn more money or to save more in case you run short.
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High school dropouts statistically earn the same as high school graduates.
True
False
Answer is false, got 100% in edge
Answer:
False.
Explanation:
High school graduates have a better selection of high-paying jobs while people who do not graduate high school have a much lower list of job options with much lower pay.
___is a special journal used to record only cash payment transactions
A unique journal called the cash payments journal is used to track solely cash payment transactions.
What particular journal is used to track cash sales?A cash receipts journal (CRJ) keeps track of all transactions involving payments made in cash.
What is written in the journal for cash payments?Transactions that are paid in cash are recorded in a cash payments log. Paying a commission or creditor, paying interest, or withdrawing cash are all examples of cash payments. Cash payments are noted in the cash payments log if they are ever made.
In which journal is a single transaction recorded?A special journal is one that solely records a specific type of transaction. Cost of goods refers to the price a company pays for the products it buys to sell. The sum that is added to the cost of goods to determine the selling price is known as markup.
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Penny is selling candles for $3 each at a fundraiser. If she starts selling with $4 to help her make change, how many candles, x, will she have to sell to end up with $19?.
Penny needs to sell 5 candles to end up with $19. By isolating x on one side of the equation, we can find its value (x = 5) which is the number of candles Penny needs to sell to reach the target amount of money.
The concept used to answer this question is algebra. In particular, the equation used is an example of a simple linear equation in one variable. The equation is in the form:
ax + b = c
where a, b, and c are constants, and x is the variable that represents the unknown quantity we are trying to find. In this case, x is the number of candles Penny needs to sell, a is the price of each candle ($3), b is the amount of money Penny has to make change ($4), and c is the total amount of money Penny wants to make ($19).
To find out how many candles Penny needs to sell to make $19, you can set up the equation:
3x + 4 = 19
To solve for x, you can subtract 4 from both sides of the equation:
3x = 15
Then, divide both sides by 3:
x = 5
So Penny needs to sell 5 candles to end up with $19.
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All of the following are true regarding rebates except..
A) Rebates are only allowed if it specifically stated in the policy.
B) Rebating can be anything of economic value, given as an inducement to buy.
C) Dividends are not considered to be rebates
D) Rebates are allowed if it is in the best interest of the client.
All of the following are true regarding rebates except D) Rebates are allowed if it is in the best interest of the client.
Rebates are an increasingly popular way to get money back from purchases, but there are some things to keep in mind when considering them. Firstly, it’s important to ensure that the rebate is legitimate and from a reputable source.
Additionally, although rebates are often used to entice customers to purchase a product, they should not be relied upon to make a purchase decision.
Finally, it’s important to remember that rebates are not always allowed if it is in the best interest of the client. Therefore, it’s important to do your research and make sure that a rebate is the right way to go before making a purchase.
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A type of insurer that is owned by its policyowners is called
A type of insurer that is owned by its policyowners is called. A mutual insurer is owned via its policyowners.
A lifestyles insurance plan organisation has transferred some of its risk to every other insurer. The insurer assuming the hazard is called the. reinsurer.
What kind of insurer is owned by means of policyowners and will pay dividends yearly to policyowners?Since a mutual insurance plan employer is owned through its Whole Life insurance policyholders, it is prevalent for these mutual insurers to pay dividends yearly lower back to its Whole Life policyowners.
Reinsurance is additionally recognised as insurance plan for insurers or stop-loss insurance. Reinsurance is the practice whereby insurers transfer parts of their risk portfolios to other events with the aid of some shape of settlement to minimize the likelihood of paying a massive obligation resulting from an insurance plan claim.
what A type of insurer that is owned by its policyowners is called?
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https://brainly.com/question/28910224#SPJ47-M Mastery Problem: Preparing financial statements with a net loss 1, 2, 3 Forms are given in the Working Papers. The following information is obtained from the work sheet of Eiler Copy Service for the month ended September 30 of the current year. 5 7 INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT 3 48000 75 00 98.00 3 90 00 40 000 3 0600 4.668.00 7 Cash 2 Petty Cash Accounts Receivable-S. Romano Supplies Prepaid Insurance Accounts Payable-Supplies Plus Cheryl Eiler, Capital Cheryl Eiler, Drawing Income Summary 10 Sales Advertising Expense 12 Cash Short and Over Insurance Expense Miscellaneous Expense Supplies Expense Utilities Expense 30 000 16 3 500 10 2 2 5 00 1 00 78 00 4 200 70 000 8/2000 1866.00 (23 100 16 35 00 - - - 12 1 6 3 500 4 7 4 3 00 is Net Loss 4.97 4.00 (23 100 10 4.7.4 3 001 1 16 35 00 47 43 00 20 Il li Instructions: 1. Prepare an income statement for the month ended September 30 of the current year. 2. Calculate and record the ratios for total expenses and net loss. Place the percentage for net loss in parentheses to show that it is for a net loss, Round percentage calculations to the nearest 0.1%. 3. Prepare a balance sheet for September 30 of the current year. 7-M Mastery Problem: Preparing financial statements with a net loss 1, 2, 3 Forms are given in the Working Papers. The following information is obtained from the work sheet of Eiler Copy Service for the month ended September 30 of the current year. 3 7 INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT 1 348000 75.00 9 8 00 2 3 4 3 910 00 40.000 30 600 4 6 6 8 00 7 3 0000 Cash: 2 Petty Cash Accounts Receivable-S. Romano Supplies • Prepaid Insurance Accounts Payable Supplies Plus Cheryl Eiler, Capital Cheryl Eiler, Drawing Income Summary 10 Sales Advertising Expense 12 Cash Short and Over Insurance Expense Miscellaneous Expense Supplies Expense Utilities Expense 9 1635 00 TO 12 2 25.00 100 7800 4 2.00 70 000 8 2 000 1 866 00 (23 100) 16 35 00 16 1 635 00 47 43 00 Net Loss 4 9 7 4 0017 (23 100) 10 4 7 4 3 00 10 1635 00 47 43 00 20 20 Instructions: 1. Prepare an income statement for the month ended September 30 of the current year. 2. Calculate and record the ratios for total expenses and net loss. Place the percentage for net loss in parentheses to show that it is for a net loss. Round percentage calculations to the nearest 0.1%. 3. Prepare a balance sheet for September 30 of the current year.
A financial statement is a document that lists a company's financial activity, a person's financial actions, or the financial condition of any other entity. It contains the income statement, balance sheet, and cash flow statement, which are the three fundamental financial statements.
Describe the income statement.An income statement, also known as a profit and loss statement, is a financial document that lists a company's sales, costs, and profits and losses for a specific time period. It summarizes a company's financial performance, including its revenue, costs, profits, and losses as well as its net income and earnings per share. One of the most important financial statements that investors and analysts use to evaluate a company's performance is one that determines a company's profitability.
Create an income statement for the current year's month that ended on September 30.
FOR THE MONTH ENDED SEPTEMBER 30, 2020, INCOME STATEMENT Sales Advertisement Cost Lack of funds and excessive insurance costs Supplies Expense Miscellaneous Expense utilities cost Total Costs Gross Loss $30,000 16 3,500 10 2 2 5.00 1.00 78.00 4,200 $23,100 $ – (23,100) (23,100)
Determine and note the ratios for overall costs and net loss. Round percentage calculations to the closest 0.1% and put the percentage for net loss in parenthesis to indicate that it is for a net loss.
Total Expenses to Net Loss Ratio: 100% (Net Loss)
Create a balance sheet for the year's September 30.
AS OF SEPTEMBER 30, 2020, BALANCE SHEET RESOURCES Cash Petty Cash Supplies Receivable - S. Romano Paid-Up Insurance $7,000 75.00 98.00 3,900 40,000 assets totaling $51,073 Liabilities and Equity Supplies and Accounts Payable Plus Capital Cheryl Eiler Summary of Cheryl Eiler's Income Liabilities and equity combined $4,668 $20,000 47,405 $51,073
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What are 4 sustainable practices?
Human sustainability, Social sustainability, Economic sustainability, and Environmental sustainability are the four pillars of sustainability.
What makes sustainable practices crucial?Sustainability is crucial for a variety of reasons, including: Environmental quality - Toxic-free environments, clean air, and natural resources are all necessary for healthy communities. Growth - As UNTHSC's student body keeps expanding, we need additional space, energy, and water. Sustainable methods enhance our quality of life, safeguard the environment, and protect natural resources for future generations. Manufacturing, logistics, and customer service are all parts of a comprehensive business sustainability strategy. All nations should be able to provide for their basic necessities in terms of jobs, food, energy, water, and sanitization. Each and every person has a right to a clean, safe, and healthy environment.
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What is the meaning of economics economics is the study of how society uses its limited resources Technical Study Democratic study none of the above?
Economics is the study of scarcity and how it impacts a variety of complex social concerns, including how resources are used, how goods and services are produced, how output and welfare rise through time, and a host of other challenging problems.
The correct answer is option 1: Economics is the study of how society uses its limited resources.
Economics is the study that builds an efficient interaction between limitless desires and finite resources so that the limited resources are distributed in a way that allows for the attainment of maximum satisfaction.
Economics is a social science that studies the production, distribution, and consumption of goods and services as well as the resource allocation decisions that individuals, businesses, governments, and nations make.
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Which type of loans are strongly recommended for first time buyers?
FHA loans are excellent for first-time homebuyers because, in addition to lower up-front loan costs and less stringent credit requirements, you can make a down payment as low as 3.5%.
What is a loan, simply put?Giving money to someone else in exchange for repayment of the principal plus interest is known as a loan. Before agreeing to issue a loan to a potential borrower, lenders will take into account their income, credit score, and debt load.
In finance, what is a loan?A loan is a financial product that enables a user to access a predetermined amount of money at the commencement of the transaction with the requirement that this amount, plus the negotiated interest, be returned within a given time frame. Regular payments are made to repay the loan.
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Why does unemployment increase when the economy is bad?
The unemployed workers and their families spend lower, which weakens demand performing in poor economy.
While economists and scholars argue that a certain degree of natural severance can not be excluded, extreme severance imposes significant costs on the person, community, and country. Underemployment may be extensively dangerous to society's economy as well. Severance numbers include those who work in low- paid or low- skill occupations that don't give enough full- time hours to qualify for benefits or to earn a inhabitable pay envelope.. The profitable counter accusations may extend beyond reduced consumption. In a difficulty, numerous people may turn to their withdrawal savings, and depleting these finances has long- term consequences.
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