According to the given information, The warranty expense must Canton report in its current period income statement is $480,000 and Warranty liability are $96,000
a. Warranty expense = 3% × 100,000 × $160
Warranty expense = $480,000
b. Warranty liability = $480,000 - ($160 × 2,400)
Warranty liability = $96,000
The cost of repairing, replacing, or compensating a customer for any product flaws is known as a warranty expense. In other words, a vendor or manufacturer agrees to fix or replace a sold product within a specific time frame if it breaks or doesn't operate as intended by the warranty.A company records the amount of the expected repair or replacement costs for goods that have already been shipped or services that have already been rendered in a liability account called a warranty liability. For more complicated products that are prone to breakage, this can be a significant liability.Learn more about Warranty expense, here
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In the context of talent development approaches, which of the following is true of classroom courses?
a.The effectiveness of classroom instruction is independent of the instructor's styles and subject matter.
b.The lecture system used in classroom instruction encourages active listening.
c.The lecture system sometimes used in classroom instruction reduces learner participation.
d.The effectiveness of classroom instruction is independent of the size of the group of trainees.
In the context of talent development approaches, the truth about classroom courses is that .The effectiveness of classroom instruction is independent of the instructor's styles and subject matter. Option A
What is meant by styles of instruction?The guiding ideas, managerial techniques, and educational frameworks for classroom instruction are referred to as teaching styles, sometimes known as teaching approaches. At the start of the twentieth century, various educational philosophies were used.
Consider teaching methods in terms of the three Ds: directing, discussing, and delegating.
The guiding technique encourages learning by having students pay attention to and follow instructions.The discussion-based learning method encourages social learning.The delegation approach encourages learning by empowering others.Read more on teaching styles here: https://brainly.com/question/26113614
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Oriole Company borrows $86,400 on July 1 from the bank by signing a $86,400, 8%, 1-year note payable. (a) Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Oriole Company borrows $86,400 on July 1 from the bank by signing a $86,400, 8%, 1-year note payable. The Journal entry will be debit : cash for 86,400 and credit : notes payable for 86,400.
The transactions pertaining to adjustment entries, opening stock, depreciation, accounting mistakes, etc. are documented in a general journal, which is a daybook or subsidiary journal. General journal entries may have invoices, copies of management reports, and journal vouchers as their source materials.
Prime entry books, also known as books of original entry, are journals because transactions were first recorded in a journal before being physically posted to accounts in the main ledger or a subsidiary ledger. It is the process of recording double entry bookkeeping transactions by debiting one or more accounts and crediting one or more other accounts with the same sum of money.
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you are working as a contracted information technology specialist. you have been contacted by james otis tax associates, a small tax preparation company. the company is growing rapidly and is opening a new office. they are focused on hiring and retaining the best in the field, and they believe that one way to do this is to provide every employee with the appropriate tools and technology they need to effectively complete their work. your company has been asked to provide its expertise in identifying the technology components needed for the computer systems and network for the three employees in the new office. they would also like you to address the security needs of the various employees.
In order to provide the best advice for the James Otis Tax Associates, I would need to understand the exact requirements of their new office. This would include the specific needs of the three employees, the type of work that will be done, and the budget available for technology components.
What is employee?
A worker hired by such an employer to perform a specific task is known as an employee. Employers are in charge of deciding how much an employee is paid, when they work, and how they work. Employees receive advantages that contractors do not in return. An employer can hire a certain category of worker to carry out a specific task. Contrary to contractors, who enjoy greater freedom than employees, an employer has control over what an employee is doing and how it will be carried out. Following a selection as an employee following an application and interview process, the employee is hired by the employer. The candidate is chosen after the employer determines that they are the most qualified candidate for the position for which they are hiring.
Once I have a full understanding of the requirements, I can recommend the appropriate hardware, software, and network infrastructure needed to meet the needs of the employees. I would also be able to suggest any additional security measures that need to be taken. This may include firewalls, antivirus software, and any other measures that may be necessary to protect the company's data. In addition, I can provide advice and assistance on the installation, configuration, and maintenance of the technology components. I can also provide training to the employees so that they can use the technology effectively and securely. Overall, I can provide the James Otis Tax Associates with the necessary expertise and guidance to ensure that their new office is equipped with the best technology for their employees.
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An increase in the wage rate will A. shift the labor supply curve to the right. B. shift the labor supply curve to the left. C. cause an upward movement along the labor supply curve. D. cause a downward movement along the labor supply curve. E. have no effect on the quantity of labor supplied.
There will be a reduction in the amount of labor requested and an upward shift in the demand curve.
What will increase labor wages effect ?Inflation is brought on by wage increases since doing business becomes more expensive as wages rise.
Companies must raise their prices for their products and services to offset the cost increase and keep their profitability at the same level.
The quantity of work required will alter in response to changes in pay or salary. Employers will want to hire fewer workers if the pay rate rises.
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Due to the personal enjoyment element involved with business meals not purchased from a restaurant, taxpayers may only deduct ______% of the actual cost
Due to the personal enjoyment element involved with business meals not purchased from a restaurant, taxpayers may only deduct 50% of the actual cost.
What does "personal enjoyment" mean?In order to have personal satisfaction, a person must feel glad, content, thrilled, delighted, or content—but never despondent or without any feelings at all. As unique as each person is, so are the ways in which they find happiness. What makes one person happy could make another depressed.
What advantages do daily pursuits of your interests offer?Whatever your taste, studies have shown that when you pursue things you enjoy, you're more likely to experience lower levels of stress, a slower heart rate, and a better mood. Involvement in the environment is also more likely.
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Recently, 15-year mortgages have increased in popularity amongst both borrowers and lenders. Which of the following groups of borrowers would typically be the least interested in
a 15-year mortgage?
A. Mature households with minimal financial constraints
B. First-time homebuyers
C. Homeowners who are refinancing to obtain a lower rate than is available on a comparable 30-year mortgage
D. Homeowners who are interested in selling their property within five years
First-time homebuyers of borrowers would typically be the least interested in a 15-year mortgage.
A loan is a settlement between you and a lender that gives the lender the proper to take your private home in case you fail to pay off the money you have borrowed plus interest. mortgage loans are used to buy a domestic or to borrow cash towards the fee of a home you already very own.
Mortgages are to be had with two distinctive types of hobby prices: fixed and adjustable. On a fixed-charge mortgage, the hobby rate stays identical for the entire life of the loan. that means you lock inside the interest fee of the present-day market for the next 15-30 years.
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Auditors should design the written audit plan so that:
Multiple Choice
substantive tests prior to the balance sheet date will be minimized.
each account balance will be tested under either tests of controls or tests of transactions.
the audit procedures selected will achieve specific audit objectives.
all material transactions will be selected for substantive testing.
Auditors should design the written audit plan so that: the audit procedures selected will achieve specific audit objectives. Option C
What are Auditors?In most cases, a firm's auditing duties may be carried out either by a person or by a separate organization that has been given that role by the company.
A person must either be certified by the accounting and auditing regulatory body or meet a set of prerequisite credentials in order to be qualified to carry out the duties of an auditor.
Both of these options are required for a person to be qualified to carry out the duties of an auditor.
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if firms are producing at a profit-maximizing level of output where the price is equal to the average total cost
There must be no Economic profits. The total of the quantities that every single producer is willing to supply makes up the market supply in a market with perfect competition.
What output volume is appropriate for the corporation aiming to maximize profits?Marginal revenue and cost must match in order to maximize total profit. At 4 units of output, in this example, the maximum profit is realized. Where MR = MC is where a corporation with perfect competition will also find its level of output that maximizes profits.
When a corporation engaged in competition seeks to maximize immediate economic gains?The amount of output the company picks where its marginal revenue and cost are equal to optimize profits.
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Which intangible asset is recorded only as part of the acquisition of another company?.
Goodwill is an intangible asset is recorded only as part of the acquisition of another company.
Goodwill is organically created and not considered an asset from an accounting perspective unless it is acquired after the acquisition of another firm. When one business acquires another for a sum more than the sum of the business's net assets, goodwill is bought.
Acquisition Assets that should be categorized as intangibles under GAAP include, but are not limited to, goodwill, patents, franchises, trademarks, tradenames, copyrights, and other assets that resulted from the acquisition.
Intangible assets are recognized by the buyer in an asset purchase transaction if they satisfy the FASB Concepts Statement 5 asset recognition requirements. But in corporate mergers, if the intangible assets are traceable and separate, the acquirer values them at fair value.
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if the short-run aggregate supply curve is horizontal, an increase in union aggressiveness that pushes wages and prices up will result in prices and output in the short run. a) lower;lower b) higher;higher; c) lower; higher; d) higher; lower
If the short-run aggregate supply curve is horizontal, an increase in union aggressiveness that pushes wages and prices up will result in higher prices and lower output in the short run (D).
Aggregate Supply is the total output of products produced within an aconomy at a given price in a giver time period. Aggregate suspply curve represents the relationship between price levels and the quantity of output that firms are willing to produce.
In the short-run, aggregate supply responds to the fluctuation of demands by changing the use of current inputs in the production process. In the short-run, the level of capital is fixed and a company cannot generate new working capital to increase the production efficiency.
When union aggressively pushes the wages up, this will put firms in difficult position because they have to allocate more costs to direct labors and wages expenses. Because the limitation of working capital, the only way out for those firms are to increase their product's prices and lower their production output.
This condition will shifted the Short-run aggregate supply curve and resulted in higher prices and lower output in the short-run.
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companies must have a carefully constructed inventory policy in order to
Companies must have a carefully constructed inventory policy in order to manage available funds and maximize profitability.
What is an inventory policy?An inventory policy is an integral part of inventory management which helps manage stock flow in a better manner.
A very effective inventory policy is a good theoretical objective but at a practical level, it becomes difficult to achieve because the senior management’s views differs concerning the role of inventory and the knowledge and skills of supply chain and logistics professionals to structure a decision making process for an inventory policy.
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FITB campaigns will sometimes hire actors who pretend to be concerned citizens at corporate or government meetings where they present false testimonials.
This claim is untrue. Sometimes, astroturfing campaigns will use actors to offer fabricated testimonies at business or governmental meetings while they pose as concerned individuals.
What is an astroturf campaign?Astroturfing is the use of phony grassroots efforts to alter public opinion. These campaigns are frequently funded by businesses and governments.In essence, "false grassroots" movements are what astroturfing is. It is a planned effort intended to elicit widespread support for a cause, concept, movement, product, etc. Its name comes from the kind of artificial turf known as Astroturf, which is frequently used in sporting events in place of actual grass.
What separates lobbying on AstroTurf from grassroots lobbying?True grassroots activity often tends to be resource-rich but cash-poor, in contrast to astroturf operations, which are frequently people-poor but cash-rich. The lobbyists in charge of this activism often work for non-governmental groups and political PR agencies.
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suppose a consumer consumes two goods, x and y. the slope of the budget constraint equals the
Answer: Relative Price
Explanation:
Relative Price means the ratio of the price of a specific product in one period to the price of the same product in another period. It is normally a ratio between the prices of two goods. This can normally occur due to changes in market supply and demand, changes in employee labor rate, etc.
Relative Price determines the slope of the budget constraint.
So, when a consumer consumes two goods, x and y, the slope of the budget constraint equals the relative price of the two goods.
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True / False Questions(6)
(2 points each)
1. Effective managers recognize that given the complexity of many tasks, some failures are inevitable.
True False
2. Effective decision-making relies on logic and not emotions.
True False
3. For programmed decisions, managers often develop heuristics, or mental shortcuts, to help reach a
decision.
True False
4. Time pressures causes managers to neglect heuristics and engage in deep processing for decision
making.
True False
5. When satisficing, a decision maker selects the best solution.
True False
6. In order to reduce groupthink, groups can assign a member to play the devil's advocate.
True False
1. It is true that effective managers know how to accomplish tasks.
2. It is true that a good decision can only be made by using logics.
3. The given statement is false
4. Managers do not engage in deep processing, due to shortage of time.
Hence, the given statement is false.
5. The given statement is true as a decision makers chooses the most appropriate solution.
6. It is true that devil's advocate helps to brainstorm the ideas.
What duty does a management have that is most crucial?
Making a strategy to achieve business goals and objectives is one of a manager's primary responsibilities. This entails allocating human resources, assigning duties, and establishing reasonable completion dates and criteria.
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if the value of goods and services that australia purchases from the united states are less than the value of goods and services that the united states purchases from australia, then the united states has
With Australia, there are both negative net exports and a trade imbalance.
What is goods and services?An economic system's output is goods and services. Services are acts performed for the benefit of the recipients, whereas goods are tangible products made available to customers. Among the products are clothing, homes goods, and automobiles. Services include things like consulting, cleaning, and legal advice. Production at a company might be anywhere between these two concepts. For instance, a landscaping company may give a homeowner a tree (a good) and also take care of the yard (a service).
A physical object that buyers want or own is a good. Customers want services even when they are not tangible, physical objects. Frequently, a service may be provided remotely as well. What individuals consume and pay for is generally referred to as "goods" and "services."
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T/F which of the following statements about the impact of the implementation of the affordable care act (aca) on workers compensation is true?
The Medical and Affordable Care Act (ACA) Obesity and Medical Costs under the ACA... No state has decided to reverse the expansion of Medicaid.
What was the outcome of the ACA's implementation?Making sure that every American could afford a health insurance plan was the ACA's primary objective. This made it possible for families whose income was below the poverty line to pay their health insurance premium. This is accomplished through the issuance of tax credits.
What is a benefit of the Affordable Care Act ?more widely known as the Affordable Care Act or Obamacare. The act was enacted to expand coverage, hold insurance companies more accountable, lower healthcare costs, give people more choice for insurance, and increase the quality of healthcare.
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assume you purchased a $1000 convertible corporate bond. also assume the bond can be converted to 18.5 shares of the firm's stock. what is the dollar value the stock must reach before investors would consider converting to a common stock.
Dollar Value of the Stock: 54.054
Working Note: 1000/18.5 = 54.054
What are corporate convertible bonds?An interest-bearing fixed-income corporate debt asset known as a convertible bond has the option of being converted into a predetermined number of shares of common stock or equity. During the bond's term, the conversion from bond to stock is possible at specific times and is often at the bondholder's option.
What drives businesses to employ convertible bonds?Convertible bonds are a cost-effective solution for the corporation to raise capital because they have lower interest rates than comparable conventional bonds. The corporation also saves money by converting them into shares, albeit there is a chance that the share price will be diluted.
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FILL IN THE BLANK. bond market values are expressed as a percentage of their par (face) value. for example, a company's bonds might be trading at 103, which means that they can be bought or sold for___of their par value.
Bond market values are expressed as a percentage of their par (face) value. for example, a company's bonds might be trading at 103, which means that they can be bought or sold for 103% of their par value.
In a bond, the issuer owes the bond holder money and is required under the bond's terms to return the bond's capital and income within a specified period of time until the bond matures.
The borrower can receive external liquidity through the sale of the bond in order to finance long-term investments or, in the case of government bonds, to cover urgent costs. Bondholders have the interest of creditors, whereas shareholders have an equity stake in a firm, even though both stocks and bonds are regarded as securities.
The above question is incomplete, the complete question is-
Bond market values are expressed as a percentage of their par (face) value. For example, a company's bonds might be trading at 103, which means that they can be bought or sold for ____ of their par value.
Multiple choice question.
103%
100.3%
10.3%
0.103%
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What value does tracking and following-up on Expired Listings provide? --Provides the community a snapshot of marketing trends. --Provides an opportunity for personal contact with a property seller. --Provides little value because the property did not sell in the market. --Provides the Real Estate Board an opportunity to improve listing records.
The tracking and following-up on expired listings provide an opportunity for personal contact with a property seller.
What does expired mean in real estate listing?Properties that were on the market but didn't sell before the listing's expiration date are known as expired listings. Agents can obtain expired listing leads by locating or acquiring them, following up with them directly, or by using lead nurturing programs and advertising via email, SMS, and direct mail.
An "Expired" or "Cancelled" status indicates that there is no longer an active brokerage agreement or listing contract with the seller according to the Bright MLS Rules & Regulations. In the real estate industry, a property that didn't sell through the MLS is referred to as having an expired listing. It is essentially a property that is no longer active in the MLS since it did not receive a purchase agreement during its period or under the terms of a contract with a realtor.
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17. Delivering a public information safety campaign is
A. Is not a role played by a PIO
B. Considered reactive PIO work
C. will always cost an agency budgeted funds.
D. Considered proactive PIO work
Delivering a public information safety campaign is considered proactive PIO work. (Option D)
What is PIO?The PIO (Public Information Officer) is in charge of informing the public and the media about incidents and working with other agencies as needed to coordinate information needs. Information on the incident must be developed and disseminated by the PIO to the news media, incident personnel, and other pertinent agencies and organizations. Each incident should have a lead PIO who may be assisted by supporting PIOs from other responding agencies or jurisdictions as needed, depending on the scale or complexity of the incident.
In conclusion, the PIO is the person in charge of liaising with the public, the media, and/or other agencies as required.
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Which famous chain has exactly one remaining location? circuit city blockbuster borders sports authority.
In 1985, when it originally started operations, Blockbuster had more than 9,000 locations nationwide. But as soon as businesses like Netflix and Redbox began offering on-demand digital services, the business models rapidly become stale.
Blockbuster declared bankruptcy in 2010, and soon after that, it began shutting its locations despite efforts from numerous franchise locations to remain open. There is presently only one Blockbuster left in Bend, Oregon.
The shop, a well-liked tourist attraction, offers "Last Blockbuster on the Planet" caps, t-shirts, sweatshirts, and novelty mugs. By franchising its goods and name, a company may quickly expand its geographic reach or market share.
The original company is the franchisor. It declares that its name and concept will be licensed for use. The franchisee purchases the right to use a recognizable brand and business model to market the franchisor's products or services.
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the keynesian transmission mechanism could be blocked by either interest-insensitive investment or by the liquidity trap.
Either interest-insensitive investment or the liquidity trap have the potential to obstruct the Keynesian transmission mechanism. Typically, the money supply curve is horizontal. The investment demand curve is horizontal in the liquidity trap.
Which best sums up how the money supply grows in a Keynesian transmission model?Falling interest rates encourage investment spending, which in turn raises overall spending and moves the AD curve to the right.
By liquidity trap, what do you mean?An expansionary monetary policy (increase in money supply) in a liquidity trap prevents economic growth by failing to raise interest rates or income.
The most extreme outcome of monetary policy is the liquidity trap.
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A machine with a book value of $38,000 is sold for $32,000 cash. Which of the following answers would accurately represent the effects of the sale on the financial statements?
Balance Sheet Income Statement Statement of Cash Flows
Assets = Liabilities + Stockholders’ Equity Revenue/Gain Expense/Loss = Net Income
A. 38,000 = n/a + 38,000 38,000 n/a = 38,000 38,000 I/A
B. (6,000) = n/a + (6,000) n/a 6,000 = (6,000) 6,000 OA
C. (6,000) = n/a + (6,000) n/a 6,000 = (6,000) 6,000 IA
D. (6,000) = n/a + (6,000) n/a 6,000 = (6,000) 32,000 IA
Multiple Choice
Option A
Option B
Option D
Option C
The option which would accurately represent the effects of the sale on the financial statements is option D which is (6,000) = n/a + (6,000) n/a 6,000 = (6,000) 32,000 IA.
Balance Sheet
Assets = Liabilities + Stockholder's Equity
Machine = $38,000
Cash = $32,000
Loss on sale = $6,000
Total = $6,000
Income Statement
Revenue/Gain - Expenses/loss = Net income
n/a - $6,000 = ($6,000)
Statement of Cash flows
= $32,000 IA
Therefore, option D is correct and the remaining options are incorrect.
A balance sheet is a budget summary that reports an organization's resources, liabilities, and investor value. The monetary record is one of the three center budget reports that are utilized to assess a business. It gives a preview of an organization's funds (what it claims and owes) as of the date of distribution.
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to record the receipt of rent received in advance from a renter: increase revenue, increase cash increase liability, increase cash increase revenue, decrease cash decrease liability, decrease cash
Option (b), Increase Liability, Increase Cash is used to record the payment of rent that has been received in advance from a tenant.
What does the journal entry regarding advance rent look like?The journal entry for money received in advance recognizes the accounting principle of "Credit the growth in obligation." A few instances of income that is received in advance include commissions, rent, and other sorts of income. The corporation is thought to be burdened by these advances.
Is rent that has been paid in advance regarded as an asset?Under the accrual method of accounting, income that is received in advance is viewed as a liability because the business that received the funds has a duty (a duty) to offer the equivalent goods or services in the future.
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shaniqua's shirts uses both in-house and outside suppliers and also sells its shirts through its own retail stores and through independent retailers. shaniqua's shirts uses ______.
Shaniqua's shirts uses taper integration for both in-house and outside suppliers.
What is tapered integration?An organizational theory concept known as tapered integration describes a combination of market interchange and vertical integration. A producer upstream might generate a portion of the input themselves and purchase the remainder from unaffiliated businesses. The manufacturer may sell some of its output downstream through an internal sales team and the remaining portions through external sales teams. It is unknown when the phrase "taped integration" was first used, however it can be found in legal publications like the Yale Law Journal as early as the 1950s. William King Norris' case study is the earliest instance of the term in academic literature.
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The Northwest Cherry Growers (headquartered in the state of Washington) sells much of its locally grown produce to Taiwan. _____ was the easiest and least expensive way for the growers' association to sell to global markets.
exporting
Export was the easiest and least expensive way for the growers' association to sell to global markets.
Is the amount of money left over from a company's sales income after production costs are subtracted?The difference between a company's gross revenue and all of its costs, including fixed costs, is known as net revenue or net income. Because gross revenue only gives you a partial image of your company's total picture, it's critical to understand the differences between the two. Budgeting cannot be done with the gross sales of your business.
What is the purpose of the group of answer options when supply and demand are balanced and the price of the good or service is established?Price in equilibrium. If a product exchange takes place, the agreed-upon cost.
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paper money in the united states is circulating debt of the and has no intrinsic value.
Paper cash, in contrast to product cash, has no or very little natural worth. Therefore, paper cash is government issued currency. Consequently, the right response is government-issued currency.
What is government-issued currency?
Cash that isn't supported by a ware, like gold or silver, is known as government-issued currency. It is typically assigned as legitimate cash by the responsible government. Neighborhood banks and different associations have once in a while delivered government-issued currency since the beginning of time. Government-issued currency is in many cases allowed under unofficial law in contemporary times.
Government-issued currency, as a rule, has no inherent worth and no utility worth. It just has esteem because individuals who use it as a unit of record - or, on account of money, a vehicle of trade - settle on its worth.
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if all of the government’s debt were internal, would financing that debt make the nation poorer?
if all of the government’s debt were internal, would financing that debt makes the nation poorer is a false statement.
What is debt?Debt may be defined as the sum that the borrower owes the bank. A debt is an amount of money that has been received for a specified time frame and must be repaid, plus interest.
External existing debt results in equalization; the process does not make a country poorer. The debt will in time need to be equalized as some point of time in time. The debtor's creditworthiness affects both the debt's size and its acceptance.
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discuss the benefits that a strong executive provides to a republican government
The President appoints the heads of all Federal agencies, including the Cabinet, with the duty of carrying out and upholding the laws passed by Congress. A member of the Executive Branch who is prepared to take over as President if necessary is the Vice President.
What advantages can a strong presidency bring to the Federal Republic?For there to be a good government, there must be a powerful executive. It defends against foreign invasions, is necessary for the enforcement of the law, aids in the preservation of private property, and ensures freedom.
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a 55 year old recently received a $30 000 distribution
A 55 year historic lately received a $30,000 distribution from a preceding employer's 401k plan, minus $6,000 withholding.
Which tax would an IRA participant be subjected to on distributions?IRAs: An IRA distribution paid to you is situation to 10% withholding except you choose out of withholding or pick to have a specific quantity withheld. You can keep away from withholding taxes if you pick out to do a trustee-to-trustee switch to some other IRA.
Do I have to record my IRA distributions on my tax return?Regardless of your age, you will want to file a Form 1040 and show the quantity of the IRA withdrawal. Since you took the withdrawal earlier than you reached age 59 1/2, unless you met one of the exceptions, you will need to pay an additional 10% tax on early distributions on your Form 1040.
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