BUSINESS COLLEGE

A form of government spending that is not made in exchange for a currently produced good or service is called

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Answer 1
Answer:

Answer:

Transfer payment

Explanation:

Transfer payment in finance can be as well regarded as " government transfer" it is income and wealth redistribution which occur when payment is made by government without exchange of goods or services in return. It should be noted that Transfer payment is a form of government spending that is not made in exchange for a currently produced good or service. Some of the common transfer payment type is social insurance programs, as well as business subsidies.

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Helen, a manager for Marshall Manufacturing, spends much of her time reviewing the global, technological, socio-cultural, competitive, and economic factors that can influence the success of her firm's marketing efforts. Helen's efforts indicate that she is involved with environmental scanning.
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Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance Theodore McMahon opened a law office on April 1, 2018. During the first month of operations, the business completed the following transactions: Requirements 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid insurance; Land; Building; Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. Open the following four-column accounts including account numbers: Cash, 101; Accounts Receivable, 111; Office Supplies, 121; Prepaid Insurance, 131; Land, 141; Building, 151; Furniture, 161; Accounts Payable, 201; Utilities Payable, 211; Notes Payable, 221; Common Stock, 301; Dividends, 311; Service Revenue, 411; Salaries Expense, 511; Rent Expense, 521; and Utilities Expense, 531. 3. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 1 of the journal. 4. Prepare the trial balance of Theodore McMahon, Attorney, at April 30, 2018.
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The National Bank Act of 1864 established the national banking system in the United States. The Act still governs U.S. national banks even though Congress has updated it many times since 1864. True False

Answers

Answer:

The answer is True

Explanation:

The Nature Conservancy is one tool that consumers can use to put their money where their mouth is, but it's not the only one. Internet technology is helping large groups of consumers raise money for causes they support. In this case, Internet technology makes it _____________ that the economic pie will be maximized.

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Answer:

The Nature Conservancy is one tool that consumers can use to put their money where their mouth is, but it's not the only one. Internet technology is helping large groups of consumers raise money for causes they support. In this case, Internet technology makes it ____possible_________ that the economic pie will be maximized.

Explanation:

The Nature Conservancy is the management of land and water resources to ensure their conservation.  With internet technology, consumer groups can actually raise money to ensure the objectives of the Nature Conservancy are achieved.  In this case, Internet Technology is an enabler of Nature Conservation.  IT has also enabled many other causes, including Gun Control and Rights Activities.

According to the Coase theorem, in the presence of externalities a private parties can bargain to reach an efficient outcome.
b government assistance is necessary to reach an efficient outcome.
c the initial distribution of property rights will determine the efficient outcome.
d the assignment of legal rights can prevent externalities.

Answers

Answer:

According to the Coase theorem, in the presence of externalities:

a. private parties can bargain to reach an efficient outcome.

Explanation:

  • In Economics, the Coase Theorem states that if trade in an externality is possible and there are no transaction costs. The bargaining will result into an efficient outcome irrespective of the initial allocation of property rights. This theorem was introduced by the Ronald Coase.
  • The option a is correct as the private parties can bargain to reach an efficient outcome but it is not necessary to get the government assistance to reach an efficient outcome so that's why the option b is not correct.
  • The option c is also incorrect as the initial distribution will not determine the efficient outcome and also the option d is also incorrect as the assignment of legal rights can not prevent externalities.

Blakely charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following data pertain to the current year: Budgeted manufacturing overhead: $480,000 Actual manufacturing overhead: $440,000 Budgeted machine hours: 20,000 Actual machine hours: 16,000 Overhead applied to production totaled:Select one:a. $352,000b. $384,000c. $550,000d. $600,000e. some other amount

Answers

Answer:

The correct answer is B: $384,000

Explanation:

Giving the following information:

Blakely charges manufacturing overhead to products by using a predetermined application rate computed based on machine hours.

The following data pertain to the current year:

Budgeted manufacturing overhead: $480,000

Actual manufacturing overhead: $440,000

Budgeted machine hours: 20,000

Actual machine hours: 16,000

First, we need to calculate the manufacturing overhead rate:

manufacturing overhead rate= total estimated manufacturing overhead/ total amount of allocation base

manufacturing overhead rate= 480000/20000= 424 per hour

Allocated manufacturing overhead= overhead rate*actual hours= 24*16000= 384,000

The following assets in Jack’s business were sold in 2020: Asset Holding Period Gain/(Loss) Office equipment 6 years $1,100 Automobile 8 months ($ 800) ABC stock (capital asset) 2 years $1,400 ​ Office equipment, purchased for $8,000, had a zero adjusted basis. The automobile was purchased for $2,000 and sold for $1,200. The ABC stock was purchased for $1,800 and sold for $3,200. In 2020 (the year of sale), Jack should report what amount of net capital gain and net ordinary income?

Answers

Answer:

Net capital gain = $1,400

Net ordinary income = $300

Explanation:

Long term Capital gain = $1,400 from sale of stock since it was hold for 2 years (more than 1 year)

Ordinary gain = $1,100 - $800 = $300 since automobile was 6 months old and equipment had zero basis

4Select the correct answer.
What is the term for protection that guarantees payment to you in the event of financial loss?
Ο Α.
claim
B.
insurance
C.
premium
Reset
Next

Answers

it would be B.insurance
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