why does the government need to collect taxes?responsesprevent foreign producers from destroying infant industriesprevent foreign producers from destroying infant industriespay for goods that won't be provided by the free marketpay for goods that won't be provided by the free marketenable federal bureaucrats to plan the economyenable federal bureaucrats to plan the economycontrol the money supply and manage economic growth
Answers
The government needs to collect taxes to generate revenue that can be used to provide public goods and services, such as infrastructure, healthcare, education, and national defense.
Additionally, taxes are used to fund social welfare programs and to redistribute income.
Taxes are a crucial source of revenue for the government, allowing it to provide public goods and services that are necessary for the functioning of a modern society. These services are typically not provided by the free market, as they may be unprofitable or may not benefit everyone equally.
Taxes also enable the government to fund social welfare programs, such as unemployment benefits and food assistance, which provide a safety net for those in need.
Furthermore, taxes can be used to promote economic growth and stability by controlling the money supply, managing inflation, and addressing market failures. Overall, taxes are essential for the functioning of a modern government and for ensuring the well-being of its citizens.
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Related Questions
In what areas do federal agencies regulate to ensure safety and the general
wellness of US citizens?
a. Businesses
b. Environment
c. Products
d. All of the above
Answers
Answer:
d. All of the above
Explanation:
Government regulations are the rules that players in an industry must abide by. In a free-market economy like the US, the government's main role is to regulate economic activities. The government enforces regulation through its various agencies.
The areas of regulations include but are not limited to
Protecting consumers from undue exploitation by businesses, Encourage fair business competition Promote a healthy, safe work environment for employees Promote and sustain a clean environmentPrivate data protection and securityWhat should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
Answers
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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Aria paid $75,000 for her house. its property value increased by 2.2% per year. when aria sold her house after eleven years, how much was it worth, to the nearest hundred dollars? a. $133,700 b. $95,400 c. $95,300 d. $93,100 please select the best answer from the choices provided a b c d
Answers
The property amount after 11 years is $95,250.
What is a property?Both the valuable objects themselves and the collection of legal rights that give people control over them are referred to as property. Depending on the kind of property, an owner may be able to use it properly in accordance with the rights that have been granted to it, modify it, share it with the others, redefine it, rent it, pawn it, sell it, exchange it for another piece of the property, give it away, or destroy it. However, a property owner may have the authority to forbid others from doing any of these actions, regardless of the type of property. The three primary categories of property recognized by economics and political economy are private, public, and collective (also called cooperative property).
New property amount=75000 * 1.27=95250.
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Answer:C) 95,250 (95,300 when rounded)
Explanation:edge
SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?
Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.
Answers
The statement "They own and control the functions of the organization" best describes a cooperative organization.
A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.
Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.
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'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'
The sentence that appropriately describes such an organization would be:
B). They own and control the functions of the organization.
In a cooperative organization,
The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.Learn more about 'Cooperative organization' here:
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Hillary and Stephanie have both borrowed $15,000 from the same bank to buy the same model of a new car. Hillary's credit score is 732 and
Stephanie's credit score is 588. Who is likely to pay a lower finance charge?
Stephanie
Hilary
They will pay the same because they used the same bank
They will pay the same because they bought the same car
Answers
Answer:
Call me at (470)343-8439
Explanation:
Concern for the environment among consumers causes consumers to substitute away from traditional autos to electric-powered autos.
Equilibrium quantity: Increases / Decreases
Equilibrium price: Increases / Decreases
Answers
Answer:
the equilibrium price and quantity of traditional autos decreases
the equilibrium price and quantity of electric cars increases
Explanation:
Due to the decrease in demand for traditional autos, there would be a leftward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would fall.
Due to the increase in demand for electric-powered autos, there would be a rightward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would increase.
Please check the attached images for graphical illustrations
Which of the following ratios may be affected by methods used to determine the amount of depreciation expense recognized?
Debt-to-assets ratio
Return-on-equity ratio
Return-on-assets ratio
Answers
The return-on-assets ratio is one of the ratios that may be affected by the methods used to determine the amount of depreciation expense recognized. This ratio measures the company's ability to generate income from its assets.It is important to know that depreciation is the systematic allocation of the cost of a fixed asset to expense over its useful life.
Therefore, the amount of depreciation recognized by a company is an important factor in calculating the return on assets ratio. Different methods of depreciation can be used, such as straight-line depreciation and accelerated depreciation methods, which will affect the amount of depreciation recognized and, therefore,
the calculation of the return-on-assets ratio. In summary, the return-on-assets ratio can be affected by the methods used to determine the amount of depreciation expense recognized.
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Which of the following are laws which protect workers?
Answers
Answer:
The Equal Employment Opportunity Commission (EEOC) enforces federal laws prohibiting employment discrimination. These laws protect employees and job applicants against: Discrimination, harassment, and unfair treatment in the workplace by anyone because of: Race.
Explanation:
SUBJECT: Panera Bread Company (2010): Still Rising Fortunes?
1- Evaluate the current performance results of the company
2- Evaluate its current strategic posture (its mission, objectives, and strategies)
3- Review its corporate governance (board of directors, top management)
4- Conduct an external environment analysis and industry analysis (five-forces analysis) to determine opportunities and threats, and prepare an EFAS table .
5- Conduct an internal analysis to determine the strengths and weaknesses of the company, and prepare an IFAS table.
6- Prepare SFAS Matrix
7- List two strategic alternatives at least and choose and justify the strategy you recommend.
Answers
Current Performance Results:
To see how well Panera Bread is doing right now, you have to get documents that show their money information from the past little while. Look at important numbers about money like how much the company makes, if they are making a profit, how much they are selling compared to others, and if they are opening more stores to figure out how well the company is doing compared to before and other companies.Current Strategic Posture:
Check out what Panera Bread wants to achieve and how they plan to do it. Check if the company is doing what they said they will do. What is the the current performance results of the company?Panera Bread is a café and bakery chain based in the United States. This company has over 2,000 places in North America where they serve fresh, good food quickly but in a casual setting.
So in regards to 2, one need to think about things like how you sell your product, who your customers are, what you sell, how much you charge, and where you might want to sell more.
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Of the following, which is not a core job characteristic? Positive reinforcement. ______ is the use of desirable consequences to strengthen a particular.
Answers
Positive reinforcement is not a core job characteristic. "Positive reinforcement" is the use of desirable consequences to strengthen a particular behavior or response.
The positive reinforcement is a technique used in behavior management and motivation but it is not considered one of the core job characteristics outlined in the Job Characteristics Model.
The core job characteristics are skill variety, task identity, task significance, autonomy and feedback.
These characteristics focus on the nature of the work itself and its impact on motivation, satisfaction, and performance and rather than the specific techniques used to reinforce behavior.
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Positive reinforcement is not considered a core job characteristic. core job characteristics include skill variety, task identity, task significance, autonomy, and feedback.
core job characteristics are essential aspects of a job that can influence an employee's motivation and satisfaction. The Job Characteristics Model (JCM) identifies five core job characteristics:
Skill variety: The degree to which a job requires the use of different skills and abilities.Task identity: The extent to which a job involves completing a whole and identifiable piece of work.Task significance: The impact and importance of a job on others or society.Autonomy: The level of independence and control an employee has over their work.Feedback: The extent to which employees receive clear and direct information about their performance.positive reinforcement, however, is not considered a core job characteristic. It is a technique used to strengthen desired behaviors by providing desirable consequences or rewards. Positive reinforcement can be used to motivate employees and encourage the repetition of specific behaviors that contribute to job performance and organizational goals.
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A manufacturing company hires only welders who have completed a formal
program that combines classroom instruction with on-the-job learning. What is the
welders' preparation an example of?
XO A. Performance management
B. Employee development
C. An apprenticeship
D. Computer-based training
Answers
Answer: An apprenticeship
Explanation: Pretty sure that other person had a stroke
Future global leaders should be able to work across the world. this is the definition of _____.
Answers
Future global leaders should be able to work across the world this is the definition of "global mindset."
A global mindset refers to the ability of individuals, particularly leaders, to understand and appreciate diverse cultures, work effectively in cross-cultural teams, and navigate global business environments. It involves being open-minded, adaptable, and culturally sensitive.
Having a global mindset is crucial for future global leaders because it enables them to understand the complexities of the global marketplace and build relationships with individuals from different backgrounds. By embracing diversity and being able to work across borders, future global leaders can effectively communicate, collaborate, and make informed decisions in international settings.
In summary, the definition of the term that aligns with the statement is "global mindset," which emphasizes the importance of being able to work across the world and adapt to diverse cultures and business environments.
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The Federal Reserve uses monetary policy and Congress uses fiscal policy to try to prevent ""wild swings"" in the economy and to alleviate some economic problems. What are the three goals both entities are trying to support? How do these three goals affect you?
Answers
The three goals are maintaining stable prices, Promoting Economic Growth, and Promoting Financial Stability.
1. Maintaining Stable Prices: The Federal Reserve and Congress both use monetary and fiscal policy to try to keep the inflation rate low and prices stable. This means that the prices of goods and services don't fluctuate too much, which helps protect people from getting too much debt due to rising costs. This affects you by protecting your purchasing power so that your money can purchase the same amount of goods over time.
2. Promoting Economic Growth: The Federal Reserve and Congress both use monetary and fiscal policy to try to stimulate economic growth. This means that they use approaches to try to increase employment, wages, and overall economic activity. This affects you by providing more job opportunities, higher wages, and a more robust economy overall.
3. Promoting Financial Stability: The Federal Reserve and Congress both use monetary and fiscal policy to promote financial stability. This means that they use policies to try to reduce the risk of a financial crisis, such as a banking crisis, and to ensure that financial markets are functioning properly. This affects you by providing a more secure financial system and protecting your investments.
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A commercial tenant is looking to lease a 5,500 sf space. The base rent is $22/sf/year. The owner offers a concession to reduce the rent by $2/sf/year for the first two years of a seven year lease. What is the effective rent for this lease
Answers
The effective rent for this lease is $825,000 for seven years, taking into consideration the concession offered by the owner for the first two years of the lease.
To calculate the effective rent for this lease, we need to take into consideration the concession offered by the owner. The base rent is $22/sf/year and the concession is $2/sf/year for the first two years of the lease. This means that the effective rent for the first two years will be $20/sf/year.
To calculate the total rent for the first two years, we multiply the effective rent by the square footage of the space and the number of years in the lease. In this case, the total rent for the first two years would be:
$20/sf/year x 5,500 sf x 2 years = $220,000
After the first two years, the rent will revert back to the base rent of $22/sf/year. The effective rent for the remaining five years of the lease would be:
$22/sf/year x 5,500 sf x 5 years = $605,000
To calculate the total rent for the entire seven-year lease, we add the total rent for the first two years to the total rent for the remaining five years. In this case, the total rent for the entire lease would be:
$220,000 + $605,000 = $825,000
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Problem 15-33 (Algorithmic) Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to ten. The president of Kolkmeyer asked for a study of the need to add a second employee to the repalr operation. The arrival rate is 0.07 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.6 machines per hour. a. Compute the operating characteristics if the company retains the single-employee repair operation. If required, round your answers to four decimal places. P 0 = t 2 = L= W G = hours W= haurs
Answers
the operational parameters for Kolkmeyer Manufacturing Company's single-employee repair operation: P0: The likelihood that there are no machines waiting to be repaired. t2: The typical length of time a machine waits to be repaired. L: The typical number of machines waiting to be repaired.
WG: The average amount of time (including both queue and service time) that a machine spends in the system.W: The amount of time on average that a machine waits in queue before being serviced. Using the M/M/1 queuing system formulas: P0 is equal to 1 minus (/), where / is the service rate and / is the arrival rate. t2 = P0 / (μ * (1 - P0)) L = λ * t2 WG = t2 + (1/μ) W = λ * WG Given: Arrival Each machine is clocked at a rate of () = 0.07 machines per hour. 0.6 machines per hour is the service rate. The arrival rate changes to 0.07 * 10 = 0.7 machines per hour due to the presence of ten machines. When these values are entered into the formulas: P0 = 1 - (0.7 / 0.6) ≈ 0.1667 t2 = 0.1667 / (0.6 * (1 - 0.1667)) ≈ 0.2381 L = 0.7 * 0.2381 ≈ 0.1667 WG = 0.2381 + (1 / 0.6) ≈ 2.9056 W = 0.7 * 2.9056 ≈ 2.0339 As a result, the single-employee repair operation's operational characteristics are as follows: P0 = 0.1667; t2 = 0.2381 0.1667 machines for L 2.9056 WG hours
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53Q. What is the policy regarding promotional materials from outside organizations or vendors, including pamphlets, business cards, and solicitation?
Answers
The policy regarding promotional materials from outside organizations or vendors may vary depending on the specific organization. However, in general, most companies have guidelines or restrictions in place to regulate the distribution of such materials in the workplace.
Some organizations may prohibit the distribution of promotional materials altogether, while others may allow it under certain conditions, such as requiring prior approval from management. In some cases, companies may also charge a fee for vendors to distribute promotional materials in their workplace.
The policy may also extend to employee solicitation on behalf of outside organizations, with restrictions on the use of company resources or time for such activities.
The purpose of such policies is to ensure that the workplace remains professional and focused on company objectives, without undue influence from outside parties. It also helps to maintain a level of control over the types of materials and messages that are being shared with employees, ensuring that they align with the company's values and mission.
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Objectives that seek to satisfy stockholders, customers, suppliers, employees, and government are called ________.
A.consumerism-based
B.macromarketing
C.satisfaction of publics' objectives
D.social marketing
Answers
The correct answer to the question is C. satisfaction of publics' objectives. This term refers to the overall goal of meeting the needs and expectations of various stakeholder groups, including stockholders, customers, suppliers, employees, and government entities.
To achieve this objective, businesses must engage in practices that are ethical, socially responsible, and sustainable. This means taking steps to ensure that their products and services are of high quality, that they treat their employees fairly and respectfully, that they work to minimize their environmental impact, and that they give back to the communities in which they operate.Satisfying the objectives of these various stakeholder groups is important for a number of reasons. For one, it helps to build trust and loyalty among customers and employees, which can lead to increased sales and productivity. Additionally, it helps to create a positive image for the company, which can enhance its reputation and brand value. Finally, it helps to ensure that the company is operating in a way that is consistent with the broader social and environmental values of the communities in which it operates.Overall, satisfying the objectives of various stakeholder groups is an important part of modern business practice. By doing so, companies can help to build long-term relationships with customers, suppliers, employees, and other stakeholders, while also contributing to the broader social and environmental goals of society as a whole.
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The bond has a coupon rate of 5.57 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. The bond has a clean price of $923 and the par value is $1,000. What is the invoice price?
Answers
If the bond has a clean price of $923 and the par value is $1,000. is the invoice price is $946.21.
How to find then invoice price?First step is to find the accrued interest
Accrued interest = ($1,000 × 5.57%) × 5/6
Accrued interest= $55.7/2 x5/6
Accrued interest= $23.21
Now let find the dirty price using this formula
Dirty price = clean price + accrued interest
dirty price = $923+ $23.21
dirty price = $946.21
Therefore the invoice price is the amount of $946.21.
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If the economy is in long run equilibrium with 6% inflation and 3% economic growth, and the federal reserve permanently decreases the rate of money supply growth, the long run result will be?.
Answers
An inflation rate less than 6%, and economic growth rate of 3%.
How does low inflation lead to economic growth?Because the price level growth rate is simply another term for the inflation rate, the inflation rate must fall.Increased economic growth means more products for money to "chase," putting downward pressure on the inflation rate. The lower the inflation rate, the greater are the productive effects of a reduction.Economic growth is assessed by the rate of increase in national income, deflated by the cost of living index.National income was deflated in constant prices by the population indices to account for population growth. Low inflation usually indicates that demand for products and services is lower than it should be, which slows economic growth and lowers wages.This poor demand can even cause a recession with increased unemployment, as we witnessed during the Great Recession a decade ago.To learn more about growth rate of inflation refer
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Harris tree owns and operates a gaming center and completed the following transactions during April 2021, its first month of operations. Journalize the transactions
Answers
Recording the date, the accounts you're debiting or crediting from, and a short description of the transaction itself are all parts of keeping track of all your commercial transactions, or journalizing them.
How do you Journalize and post transactions?A business transaction is journalized when it is recorded in accounting records. Maintaining records calls for commitment and knowledge, especially for accountants. Every business process is documented chronologically in a journal, commonly referred to as a Book of Original Entry.
Identifying the account as well as the type of account is the first step. Choosing whether each account increases or decreases is the second stage. The third step is to journalize the transaction. Accumulated depreciation is the entire amount of depreciation and amortisation that has been applied to an asset since it was first used.
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Property taxes are an example of which category of nonexchange transactions?
Answers
Property taxes are an example of nonexchange transactions categorized as imposed nonexchange transactions. They represent a financial obligation imposed by the government on property owners to fund public services and infrastructure, without a direct exchange of goods or services between the taxing authority and the taxpayer.
Nonexchange transactions are transactions in which one party receives value or resources without directly giving or receiving something of equal value in return. Imposed nonexchange transactions are those in which a government or authority imposes a financial obligation or burden on individuals or entities without providing specific goods or services directly in return.
Property taxes fall under this category as they are levied by government authorities on the owners of real estate properties. Property owners are required to pay taxes based on the assessed value of their properties, and these taxes are used to fund various public services and infrastructure. Property owners do not receive any direct goods or services in return for their tax payments, making property taxes an example of imposed nonexchange transactions.
In conclusion, property taxes are a prime illustration of imposed nonexchange transactions. They represent a financial obligation imposed by the government on property owners to fund public services and infrastructure, without a direct exchange of goods or services between the taxing authority and the taxpayer.
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What are two primary factors that are likely to result in changes to the services industry in the future
Answers
Answer:
social imperative for sustainability
Technological development
Explanation:
A financial manager's goal of maximizing current or short-term earnings may not be appropriate because:________
Answers
A financial manager's goal of maximizing current or short-term earnings may not be appropriate because it fails to consider the timing of the benefits; increased earnings may be accompanies by unacceptably higher levels of risk; earnings are subjective; and they can be defined in various ways such as accounting or economic earnings.
The goal of financial management is to maximize the current value per share of the existing stock. The goal of financial management is to maximize shareholder wealth. For public companies this is the stock price, and for private companies this is the market value of the owners' equity. There is ambiguity in the criterion, and there is conflict in the short-run versus long-run type of decisions.
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if common stock is issued for an amount greater than par value, the excess should be credited to
Answers
Answer:
Cash
Explanation:
If common stock is issued for an amount greater than par value, the excess should be credited to: Cash.
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Suppliers deliver product to restaurants on a regular schedule throughout the week. You are responsible for checking delivery or having another staff person do so. What are key things to look for?
a) Is the quality up to your standards?
b) Damaged and unsellable items
c) is anything missing from the invoice?
d) Incorrect items
e) All of the above
Answers
Answer: e) All of the above
Explanation:
On febuary 1, johnson company purchased $2,800 of supplies on accoount. on febuary 1, johnson company debited supplies expense, which is an alternate way of recording the initial expendiutre?
Answers
The account is a personal account this is required to get entry to, over the counternotification and authorization to positive online services. it is also regularly used as an unmarried sign-on for third birthday party services.
To file account prevalence of expenditure, an accountant needs to display evidence of over-the-counter transactions happening. for instance, an income receipt will display evidence of a sale, while a counter bill will imply a request for payment for items and offerings.
The profits and Expenditure Account is ready on an accrual basis. All earning and charges relating to over accounting year, over-the-counter counter truly obtained and paid or no longer, are considered. Expenditure is recorded on the debit and income is recorded on the credit score aspect.
Supplies In hand 2050
Supplies Exp. 2050
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What economic system does the amish use
Answers
Answer:
Agrarian is the economic system that the Amish use.
Answer:
The Amish live in an agrarian economy. It thrives in the midst of modern society, not because of inherent advantages, but rather because it borrows much more from that society than meets the eye.
Explanation:
Marcy has just gotten a promotion at work and she wants to buy a house. She currently pays $350 a
month for a car payment and $200 a month on her credit cards. She has a gross monthly income of
$4,000. Using the Debt Ratio Formula, calculate her potential maximum monthly house payment.
Answers
Answer:
$890
Explanation:
As per the 28/36 rule, Marcy can have debts not exceeding 36% of her gross income. If her gross income is $4000, her maximum debts should be 36% of $4000
=36/100 x $4000
=0.36 x $4000
=$1,440
Marcy has a $350 car payment and 200 credit payments every month.
current monthly payments
= $350 + $200
=$550
Marcy's loan limit is at $1440; current repayments total $550.
The maximum amount that can go to a housing loan is
=$1440 - $550
=$890
Rectify the following errors identified in the books of Shyam. The Trial Balance
showed ₹ 875 as an excess debit.
a. The total of debit side of Expenses account been cast in excess of ₹575.
b. Paid electricity bill of the proprietor’s residence was debited to
Electricity expenses ₹1,050.
c. An amount of ₹ 150 entered in sales return book has been posted to the
debit of Verma, who returned the goods.
Pass journal entries for correcting the above transactions and prepare
Suspense Account.
PLEASE ANSWERRR
Answers
Answer:
Part 1
a
Debit : Suspense Account ₹575
Credit : Expenses ₹575
Reducing the Debit of the Expenses Account by ₹575
b
Debit : Drawings ₹1,050
Credit : Electricity expenses ₹1,050
Drawings treated as Electricity expenses now corrected
c
Debit : Suspense Account ₹ 300
Credit : Account Receivable - Verma ₹ 300
Sales returns posted on wrong side of Verna`s Account now corrected
Part 2
Suspense Account
Debit :
Difference on Trial Balance ₹ 875
Expenses ₹575
Account Receivable - Verma ₹ 300
Totals ₹ 1,750
Credit :
Profit and Loss ₹ 1,750
Totals ₹ 1,750
Explanation:
Only errors that affect trial balance totals to not agree will require correction through suspense account.
That said, the errors that do not affect trial balance totals such as Error of Principle, Error of Original Entry do not require to be corrected through the Suspense Account.
The difference in the Suspense Account usually cost more effort to continue to check the records than it is worth it for the firm, hence it is written off to profit and loss account
Should be easy but I’m lazy no plz
Answers
Answer:
it must meet expectations and fulfill their needs
Explanation: