8.1. In the article the author confirms that a reduction of the budget deficit is imperative. Briefly discuss the possible methods of achieving this objective which are mentioned by the author as part of his thoughts. (3) 8.2. What is the main conclusion in terms of where to from hereby the author in this article? (3)​

Answers

Answer 1

The method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax.

What is a budget deficit?

It should be noted that budget deficit simply means when the expenses is more than the revenue.

In this case, the method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax. This is needed to improve the budget.

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Related Questions

Which of the following is considered a construction craft?

A: Architect
B: Drafter
C: Bricklayer

Answers

Answer:

Bricklayer

Explanation:

This is because with Bricklayer, you are doing physical work, physical construction, which happens to be laying bricks.

Answer : C


Hope this helped.

What are the ethical considerations in this case

Answers

Ethical considerations in research are a set of principles that guide your research designs and practices. These principles include voluntary participation, informed consent, anonymity, confidentiality, potential for harm, and results communication.

inappropriate parenting styles​

Answers

Answer:

im sorry im confused i cant help until you tell me what your trying to ask

Explanation:

When an installment note is issued, the journal entry will include a __________ to __________.

a. debit; Notes Payable
b. debit; Cash
c. credit; Cash
d. credit; Notes Receivable

Answers

When an installment notice is issued, the journal entry will include a debit to cash

B. Debit; Cash

Disadvantage of not having Poka-Yoke

Answers

Ya I’m sure so n definitely polka tile lol what

practice
20.2 Special Orders
Harvest, Inc. has received a special order for 3,000 boxes of crystal glassware for $30 per box. Harvest's variable costs per box are
$24, fixed costs per box are an additional $10 per box, and the normal selling price is $70 per box. Harvest has sufficient capacity to
produce the glassware. Harvest will incur special shipping costs of $2 per box for this special order. If the order is accepted, what will
be the effect on net income?
O $90,000 increase
$12,000 increase
O $18,000 decrease
O $12,000 decrease
Submit Answer
Save for Later

Answers

If the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.

What is break-even analysis?

Break-even analysis is an accounting technique to ensure that a company does not incur losses from its transactions.

Using the technique, a corporation ensures that the total costs are at least equal to the total revenue or the contribution margin is sufficient to cover the fixed costs, which are not variable within a relevant range.

The technique is based on the concepts of contribution margin and variable costing.

Data and Calculations:

Special order units = 3,000 boxes

Price per box for special order = $30

Variable costs per box = $24

Special shipping costs per box for the special order = $2

Contribution margin per box = $4 ($30 - $24 - $2)

Total Contribution Margin = $12,000 ($4 x 3,000)

Fixed costs = $30,000 ($10 x 3,000)

Normall selling price per box = $70

Thus, if the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.

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Which program populates the fields that are used for a mail merge?

A) Access
B) Outlook
C) PowerPoint
D) Word

Answers

Answer: its ACCESS

Explanation: just do it

Which of these would Congress look to do during a recession, as it pertains to fiscal policy?
a. Raise taxes
b. Raise government spending
c. Decrease the discount rate
d. Print more money

Answers

Answer:

Raise taxes

Explanation:

This will help reduce the amount of money in circulation because during recession money loses its value due to large amount of money in circulation

The Loan Payable account is a/an
a. Asset
b. Liability
c. Revenue
d. Expense

Note Receivable is a/an
a. Asset
b. Liability
c. Revenue
d. Expense

Answers

Loan Payable - Liability
Note Receivable - Asset

Type the correct answer in the box. Spell all words correctly.
Kwa Lee works as the production manager in a manufacturing company that makes microwave ovens. He wants the products to meet the
generally applicable standards related to environment radiation.
Which law must Kwa Lee follow related to the products his company manufactures?
Kwa Lee and his company must adhere to the standards in the
Blank

Answers

Answer:

Resource conservation and Recovery Act

Explanation:

This is the answrer correct me if wrong

The law that  Kwa Lee follow that is related to the products his company manufactures is: Resource conservation and Recovery Act.

What is Resource Conservation and Recovery Act?

The Resource Conservation and Recovery Act is an act that was establish to help prevent disposal waste that can be harmful to the our wellbeing .

Based on the given scenario Kwa lee and his  has to comply  to the standard in the Resource Conservation and Recovery Act.

Therefore the law that  Kwa Lee follow that is related to the products his company manufactures is: Resource conservation and Recovery Act.

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ACCT - Utilities Expense is a/an
a. Asset
b. Liability
c. Revenue
d. Expense

Answers

Utilities Expense - D. Expense

a.
Which is the best way of getting feedback from a performance review?
Take good notes
b. Ask good questions
Arrive unprepared
d. Discuss the review with friends
c.
Please select the best answer from the choices provided
A
ОВ
Ο C
OD

Answers

Answer:

take good notes and ask good questions

Explanation:

why because taking good notes help you go through back again, ask good questions keeps it in ur mind....

Answer:

a.

Take good notes

Explanation:

A perfectly competitive firm has fixed costs of $1 million a month, variable costs of $2 million a month and product sales of $3 million a month. what statement is a correct analysis of the situation

Answers

Assuming a perfectly competitive firm has fixed costs of $1 million per month the company is making $0 profit.

The correct analysis

Using this formula

Analysis=Sales-Fixed cost-Variable cost

Where:

Sales=$3 million

Fixed cost=$1 million

Variable cost=$2 million

Let plug in the formula

Analysis=$3 million-$1 million-$2 million

Analysis=$0

Inconclusion the company is making $0 profit.

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ABC has revenues of $22 million and expenses of $15 million. XYZ has revenues of $150 million and expenses of $110 million. Can you determine which company is more efficient from these income statements

Answers

Based on the data given on the revenues and expenses of both companies, the company that is more efficient is ABC.

Which company is more efficient?

The company that is more efficient is the one with a higher Net profit margin.

ABC Net profit margin:

= (Revenues - Expenses) / Revenues x 100%

= (22 - 15) / 22

= 32%

XYZ Net profit margin:

= (150 - 110) / 150

= 27%

Company ABC is therefore more efficient.

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If a firm's expected sales are $264,000 and its break-even sales are $197,000, the margin of safety in dollars is:

Answers

Assuming the firm's expected sales are $264,000 in which the firm break-even sales are $197,000, the margin of safety in dollars is:$67,000.

Margin of safety in dollars

Using this formula

Margin of safety in dollars=Expected sales-Break-even sales

Where:

Expected sales=$264,000

Break-even sales=$197,000

Let plug in the formula

Margin of safety in dollars=$264,000-$197,000

Margin of safety in dollars=$67,000

Inconclusion the margin of safety in dollars is: $67,000.

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ACCOUNTING - The matching concept
a. requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
b. states that expenses related to revenue be reported at the same time the revenue is reported
c. addresses the relationship between the journal and the balance sheet
d. determines whether the normal balance of an account is a debit or credit

Answers

b. states that expenses related to revenue be reported at the same time the revenue is reported

Two companies are having a dispute over a broken real estate
contract. They argue the dispute in front of a neutral third
party, who makes a ruling in favor of one side. This is an
example of _____
O A. mediation
B. negotiation
C. arbitration
D. conciliation

Answers

Answer:

C. Arbitration

Explanation:

It heans to have an independent unbiased person settle a dispute

The two companies have a dispute over a broken real estate contract. They argue the dispute in front of a neutral third party, who makes a ruling in favor of one side. This is an example of arbitration. Thus option (C) is correct.

What is arbitration?

Arbitration is a method of dispute resolution in which parties to a dispute agree to have their case heard and decided by one or more independent arbitrators, rather than by a court of law.

In arbitration, the arbitrators listen to evidence presented by both sides and make a binding decision based on the facts and the applicable law. Arbitration can be used to resolve a wide range of disputes, including commercial disputes between businesses, disputes between employers and employees, and disputes between individuals.

When the dispute of two companies  is resolved by neutral third party is an example of arbitration. Therefore, option (C) is correct.

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In which situation would a person pay a higher property tax than he or she did
the year before?
O A. The value of the person's home increased.
B. The amount the person spent on electronics increased.
O c. The number of dependents the person had increased.
O D. The salary the person earned increased.
Helppp

Answers

Answer:

The answer is A: The value of the person's home increased.

Explanation:

Keywords here are property tax indicating that the answer would most likely mention a piece of land or a house.

why language is an important of communication tools?

Answers

Answer:

Because Language is a communication tool used by everyone in their daily life as a means to convey information and arguments to others. Explanation:

Makes Sense.

Answer:

The effective communication is made possible with the help of language. Language employs a combination of words to communicate ideas in a meaningful way. By changing the word order in a sentence, you can change its meaning, and even make it meaningless.

3. Once you turn 18, you should regularly check your credit report...
For errors or signs of identity fraud
To keep an eye on your credit score
To make a plan for improving your credit score
Only if you have a credit card

Answers

Answer:

A - For errors or signs of identity fraud

Explanation:

That is the correct answer, good luck, and have a good day.

Distinguish between economic and accounting profit

Answers

Answer:

The main difference between accounting and economic Profit is that accounting profit refers to monetary revenue minus monetary costs which includes any type of cost in the organization in the form of rents, salaries, material costs etc. Economic profit refers to the monetary revenue minus total cost.

Explanation:

The differences between economic and accounting profits exist in their definitions, despite their similarities.

What is economic profit?

Economic profit has the following characteristics:

It includes both explicit and implicit costs.It is determined by economic principles, especially the economic concept of opportunity cost.In summary, economic profit is the total revenue minus both implicit (opportunity cost) and explicit costs.

What is accounting profit?

Accounting profit has the following characteristics:

It includes only explicit costs.It is determined by accounting principles (U.S. GAAP or IFRS).It is equal to net income or revenue minus explicit expenses.

Thus, there are differences between accounting and economic profits.

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If a company spends $20 million to install new footwear-making equipment with capacity to produce 1 million pairs of athletic footwear at its North American production facility, then its annual depreciation costs at that facility will rise by: _________

Answers

Assuming the equipment has capacity to produce 1 million pairs of athletic. Its annual depreciation costs at that facility will rise by $2 million or 10%.

Annual depreciation cost

Using this formula

Depreciation = (Cost of equipment - Estimated salvage value) / Estimated useful life

Depreciation= (20 - 0) / 10

Depreciation= $2 million

Or

Annual depreciation= 2/20 ×100

Annual depreciation= 10%

Therefore, the annual depreciation costs at that facility will rise by $2 million or 10%.

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What is the purpose of long-term disability insurance?
A. To replace a portion of a person's income if that person cannot
work
B. To provide a guaranteed loan to pay expenses until a person is
able to work again
C. To provide financial support for loved ones after a person dies
O D. To pay medical expenses if a person is hospitalized for an illness
or injury

Answers

The main purpose of of long-term disability insurance is: A. To replace a portion of a person's income if that person cannot work.

What is  long-term disability insurance?

Long-term disability insurance can be defined as the type of insurance coverage that help to guide a person income if the person is unable to work as a result of illness or injury.

Long-term disability insurance  is important  when it comes to unforeseen circumstance.

Inconclusion to replace a portion of a person's income if that person cannot work.

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Which of the following would not be reported as current liabilities on the balance sheet?

a. Accruals
b. Accounts payable
c. Notes payable
d. Accounts Receivable

Answers

D. Accounts receivable

In a civil case, the first document filed is a(n)
A. Interrogatory
B. Complaint
C. Deposition
D. Answer

Answers

Answer:

A.Interrogatory

Explanation:I hope help you

Why is it important for a company to pay attention to its
supply chain when practicing CSR?
O A. The company needs to ask its suppliers to help
advertise for the company.
O B. The company needs to request the EPA's approval
for all of its suppliers.
O C. The company needs to make sure its suppliers are
providing products at the lowest cost.
O D. The company needs to make sure its suppliers are
treating the planet with respect.

Answers

The company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.

What is CSR?

Corporate social responsibility CSR is a concept where a business engages in activities that makes it accountable to a wide range of stakeholders.

Corporate social responsibly make businesses corporate citizens. A business shares some of its profits with society by funding projects and programs that benefit the community.

Hence, the company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.

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are retail businesses where customers
come to your place of business to purchase a product.
is a section of land that is zoned

Answers

Answer:

that is a retailer jobs as thay give the goods to us by

Explanation:

first producers gives goods to wholesalers in lumsum amount and then they sell to different retailers such as hawker or shopkeeper and then the shopkeeper sells to us

no it's not but it is sell items or services to customers for their consumption, use or pleasure

Describe the major e-commerce activities and processes and the mechanisms that support them.​

Answers

The main activities and processes of e-commerce involve the activities of buying and selling a product or service traded over the internet.

What are the mechanisms of the marketplace?

These are the types of interactions between sellers and buyers and e-marketplaces. The main ones are:

Business to Business (B2B) are business transactions between companies.Business to Consumer (B2C) is the most common, between business and consumer.Consumer to Consumer (C2C), commerce between consumers.

Therefore, through the marketplace, the e-ccomerce in their different configurations, attracts specific audiences with greater speed and reach, enabling greater negotiations and positioning.

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Do imports threaten the jobs of people in the importing country?​

Answers

Answer:

It depends upon what is imported.

If a chocolate making machine is imported, it will create jobs because the importer of the machine will employ people to make chocolates.

If chocolate is imported, it will threaten the jobs of people who are already engaged in making chocolates.

Not necessarily. In many cases it helps the manufacturing base here. For example, the wood used for fingerboard guitar manufacturing here in the U.S. is frequently imported from India. The type of wood is aesthetically pleasing and, I am told, has great sound quality. We import a lot of our aluminum as it isn’t very common here in the States. It makes for a lot of jobs here to have that aluminum imported. So, not necessarily. It could be a very good thing.

Which consumer protection law requires that products be free of defects when sold?
a. used car rule
b. uniform commercial code
c. bill of consumer rights
d. credit card accountability, responsibility, and disclosure act

Answers

The  uniform commercial code is a law that requires that products are free of defects when  they are sold.

What is the  uniform commercial code?

This is a term, that is used to refer to all of the commercial laws that are used to apply to the buying and the selling of goods in the US.

The law protects customers in such a way that the products are free of defects when they buy. The products can also be returned if they are not.

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The consumer protection law that requires that products be free of defects when sold is the b. uniform commercial code

What is Consumer Protection Laws?

This refers to those laws put in place in order to protect the customer from unethical practices of business owners.

Hence, we can note that the uniform commercial code is the consumer protection law that requires that products be free of defects when sold so that the customers can get the maximum value for the products.

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