BUSINESS HIGH SCHOOL

If there is a great demand for a product, the production for that product will increase
Decrease
stay the same

Answers

Answer 1
Answer:

production for that product will increase.
Answer 2
Answer: Production will increase due to supply and demand

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A person, other than a collecting bank or other intermediary, who negotiates a document of title for value:a. warrants to her immediate purchaser that the document is genuine.b. warrants to all who later take the document that it is genuine.c. warrants that nothing impairs the document's validity or worth.d. makes no warranties.
In attempting to solve the problems caused by a lowering of the price of oil, oil companies operating in the North Sea have taken a variety of approaches, which includes their reducing employment, using new technology to pump oil more efficiently from smaller fields, and finding innovative ways to cut the cost of building and operating platforms.(A) which includes their reducing employment, using new technology to pump oil more efficiently(B) which includes reducing employment, using new technology to be more efficient in pumping oil(C) which include reducing employment, using new technology to pump oil more efficiently(D) which include the reduction of employment, their using new technology to pump oil more efficiently(E) including a reduction of employment, their use of new technology to be more efficient at pumping oil

Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally.

Answers

being able to read and do math

Tools can be used safely for jobs that they were not designed to do. True or False

Answers

The answer would be false.
False Using tools which are designed to do one work function cannot be used to do another as they may break, slip off, catch fire or spring apart causing injuries or property damage.

WeLoseThings, Inc. currently reports $500,000 of inventory on its trial balance. Management just performed an inventory count and found only $485,000 of inventory. What account should be debited to record this shrinkage?

Answers

Answer:

Shrinkage expense

Explanation:

The journal entry is shown below:

Shrinkage expense A/c Dr $15,000

       To Inventory A/c $15,000

(Being the shrinkage is recorded)

The computation is shown below"

= Current inventory amount - actual inventory amount

= $500,000 - $485,000

= $15,000

Simply we debited the shrinkage expense account and credited the inventory account so that the correct posting can be done

Which of the following will increase investment spending A) More optimistic business expectations
B) An increase in interest rates
C) Ann increase in business taxes
D) A decrease in capacity utilization
E) All of the above

Answers

Answer:

E

Explanation:

All the suggested options can increase investment spending

Investment spending is the money spent towards business expansion in the area of acquiring capital goods such as plant and machinery or goods used in the production like the raw materials.

Optimistic business decision : Leads to more investment in potential business opportunities

Increase in interest rates : As funds are borrowed to finance investment , increase interest rate will increase spending.

Increase in business taxes : This means that companies will have to pay more on taxes

Decrease in capacity utilization  : This will lead to the acquisition of more machinery and investment spending increase

Answer:A More optimistic business expectations

Explanation:

A p e x

Why do governments use tax money to supply public goods and services, instead of selling them to those people who use them?

Answers

Public goods and services are just that: public--meaning they belong to all citizens. If the government were to sell these services only to those who needed them, only the relatively rich would benefit.

Answer:

There are two main reasons why governments use tax money to supply public goods and services:

  1. They benefit large numbers of people.
  2. If the government didn't intervene, maybe no private company would be able to provide them.

Imagine national infrastructure on private hands. Who has enough money to build all the highways, roads, bridges, etc., that millions of people use everyday around the whole country? Infrastructure projects cost trillions of tax dollars every year, and only the government entities (local, state and federal) can afford them.

The same applies for public schools, parks, the police, the army, etc.

Bob, an IRS tax law-certified volunteer preparer, told the taxpayer that cash income does not need to be reported because the IRS does not know about it. Bob indicated NO cash income on Form 13614-C. Bob prepared a tax return excluding the cash income. Jim, the designated quality reviewer, was unaware of the conversation and therefore unaware of the cash income and the return was printed, signed, and e-filed. Who has violated the Volunteer Standards of Conduct?

Answers

Answer:

Bob violated the Volunteer Standards of Conduct

Explanation:

Publication 4961 of the Internal Revenue System (IRS) establishes the Volunteer Standards of Conduct and Ethics Training on 2019 returns for Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) volunteers.

This IRS publication specifically prohibits the following:

         "As a volunteer in the VITA/TCE Programs, you must:

              ... 4. Not knowingly prepare false returns.  ..."

Bob knowingly helped a taxpayer to prepare a false report.

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