5.Alison is an interior designer with her own business. She does not have an office as she thinks it would just be a waste of money as her clients do not come to her, but she goes to the clients. It is crucial to her business that she be able to visit her client’s premises to view their homes before providing her services. Alison has set aside one room in her home as her office and uses it exclusively for her interior designing work. During the year, Alison incurred expenses in travelling to meet her clients at their home and sustained increased expenditure on electricity, gas, and cleaning in relation to her office. Alison owns her home and pays interest on her mortgage monthly. Last month, Alison was late in paying her monthly interest charge and had to pay a penalty of $150.
Advise Alison as to the deductibility of the abovementioned expenses.
Need case studies and Rulings and sections to prove the solutions
Answers
Alison may be eligible to deduct the expenses related to travelling to meet her clients and the increased expenditure on electricity, gas, and cleaning in relation to her office.
office. She can also deduct the interest on her mortgage, including the penalty paid.
1. Travelling Expenses: Alison can deduct the expenses incurred in travelling to meet her clients as they are directly related to her business. These expenses can include transportation costs, meals, and lodging, if applicable. She should maintain proper records, such as receipts and a log of her business-related trips, to substantiate these deductions.
Case Study: In the case of Deputy Commissioner of Taxation v. Lunney (1958), it was ruled that travelling expenses incurred by a taxpayer in the course of their business activities are deductible, as long as the expenses are necessary and incurred solely for the purpose of deriving assessable income.
2. Increased Expenditure on Electricity, Gas, and Cleaning: Alison can deduct the additional expenses she incurs for electricity, gas, and cleaning that are directly attributable to her office. As she uses a specific room in her home exclusively for her interior designing work, she can apportion a portion of her overall household expenses as business-related expenses.
Ruling: According to Taxation Ruling IT 2167, a taxpayer can claim a deduction for the increased costs of electricity, gas, and cleaning when they use part of their home for income-producing activities. The deduction is calculated based on a reasonable apportionment that reflects the extent of business use.
3. Mortgage Interest and Penalty: Alison can deduct the interest she pays on her mortgage as it is a business expense. This includes both the regular monthly interest payments and the penalty paid for late payment. She should ensure she has documentation, such as mortgage statements, to support these deductions.
Section: The deduction for mortgage interest can be claimed under Section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997), which allows for deductions of expenses incurred in producing assessable income.
It is important for Alison to consult with a tax professional or accountant who can review her specific circumstances and provide personalized advice based on the relevant case law, rulings, and tax regulations applicable in her jurisdiction.
Learn more about business here:
https://brainly.com/question/15826604
#SPJ11
Related Questions
true or false: because of its importance, earnings per share is required to be disclosed on the face of the income statement.
Answers
"Because of its importance, earnings per share is required to be disclosed on the face of the income statement" is True as the Earnings per share (EPS) is an important measure of a company's financial performance.
EPS is calculated by dividing net income, or profit, by the total number of outstanding shares. EPS is required to be disclosed on the face of the income statement as per generally accepted accounting principles.
This ensures that all investors, whether current or prospective, can understand how profitable a company is by examining the company's income statement.
EPS gives investors a better picture of how the company is performing, which can lead to more informed investing decisions. The calculation of EPS is typically the last step in creating a company's income statement.
To know more about Earnings per share click on below link:
https://brainly.com/question/30324507#
#SPJ11
what effect will the aquisition of treasury stock have on stockholders equity and earnings per share
Answers
Acquisition of treasury stock reduces the number of outstanding shares and increases earnings per share, but it does not affect total stockholders' equity.
When a company acquires treasury stock, it buys back its own shares of stock from the market. This leads to a reduction in the number of outstanding shares of the company, which causes an increase in earnings per share (EPS) because earnings are divided among fewer shares. However, the acquisition of treasury stock does not affect total stockholders' equity because treasury stock is not considered an asset of the company.
The purchase of treasury stock reduces the total number of outstanding shares, thus increasing the EPS. Treasury stock is a contra-equity account and it is deducted from the stockholders' equity section of the balance sheet. However, the acquisition of treasury stock does not affect the total stockholders' equity. Therefore, it reduces the total shareholders' equity but increases earnings per share.
To know more about the treasury stock visit:
https://brainly.com/question/28392297
#SPJ11
The first paragraph or part of a business letter is the
OA. introduction
OB. addresses
OC. supporting details
OD. conclusion
SUE
Answers
Answer:
introduction
Explanation:
I don't know how to explain
Question #4
Multiple Choice
Values are principles that typically guide or influence an individual's decision-making process. Two
areas of life most often affected or influenced by values include
emotions and reactions
decisions and responses
physical health and feelings
attitudes and behaviors
Answers
The two spheres of life that are most frequently impacted or altered by values are attitudes and behaviors. The correct response is option (4).
Define attitudes and behaviors.An individual's attitude is defined as their mental perspective, or how they feel or think about someone or something. Behavior describes the actions, motions, conduct, or behaviors of an individual or a group toward other individuals. built upon. Experience and observation.
When people put more focus on their own attitudes and feelings, they tend to act more in line with those feelings, therefore there is a link between attitude and behavior. Additionally, when people feel greater responsibility for their individual actions rather than the actions of a collective, their opinions are more consistent with their behavior.
To know more about attitudes and behaviors, visit:
https://brainly.com/question/29486334
#SPJ1
1. Job rotation to an axample of using which epproach for developing talent? a. Leaming b. Managerlal c. Environmental d. Cognitive e. Behavioural 2. Training pllots in filght simulators because the simulators closely resemble the actual cockpits and flight characteristics of the airplane is an example of which leaming principle? a. Repetition b. Feedback c. Relevance d. Participation e. Transference
Answers
1. Job rotation is an example of using the developmental approach of (c) "Environmental" to develop talent.
2. Training pilots in flight simulators because the simulators closely resemble the actual cockpits and flight characteristics of the airplane is an example of the learning principle of (c) "Relevance".
1. Job rotation is an approach to developing talent that involves exposing individuals to different roles and functions within an organization. It allows employees to gain a broader understanding of the business and develop a range of skills and competencies. By rotating employees through various positions, they can acquire diverse experiences, perspectives, and knowledge that can contribute to their overall development and effectiveness.
Through job rotation, individuals can expand their skill set, enhance their problem-solving abilities, and improve their adaptability and versatility. They gain firsthand exposure to different aspects of the organization, including various departments, functions, and levels of responsibility. This exposure not only helps them develop a comprehensive understanding of how different parts of the organization work together but also allows them to identify their strengths and interests. Hence, job rotation falls under the (c) "Environmental" approach for talent development, where individuals gain exposure to different roles and responsibilities within an organization to enhance their skills and knowledge.
2. Relevance in learning refers to the alignment between the learning experience and the real-world context in which the acquired knowledge or skills will be applied. Flight simulators replicate the actual conditions, controls, and procedures that pilots encounter in the cockpit. They provide a safe and controlled environment for pilots to practice and refine their skills without the risks associated with real flights. The realism of flight simulators allows pilots to experience and respond to various flight scenarios, emergencies, and challenges they may face during actual flights.
By closely mirroring the real-world cockpit and flight characteristics, flight simulators enhance the relevance of the training. Pilots can familiarize themselves with the layout and functionality of the cockpit instruments, practice operating the controls, and develop their ability to handle different flight situations. The simulated experience helps pilots transfer their knowledge and skills from the training environment to real flights effectively. Hence, Training pilots in flight simulators, which closely simulate real-life cockpit and flight conditions, aligns with the learning principle of (c) "Relevance," ensuring that the training is directly applicable to the actual task at hand.
Learn more about Job rotation here:
https://brainly.com/question/33445680
#SPJ11
a familiar example of an agent is a: group of answer choices gardener hired to maintain the grounds at a large industrial complex. corporate officer who serves in a representative capacity for the owners of the corporation. no answer text provided. janitorial employee who does not deal with third parties.
Answers
The correct answer is option (A) A familiar example of an agent is a: Gardener hired to maintain the grounds at a large industrial complex.
A person who acts on behalf of another person or thing, known as the principal, is known as an agent.
The agent has been granted permission to carry out specific tasks for the principal, including decision-making, the purchase and sale of products, and the rendering of services. Agents might be people, businesses, or other types of entities.
The gardener in this illustration is a representative of the industrial complex. The complex hires a gardener to take care of the grounds, and the gardener is given permission to operate in particular ways on the complex's behalf.
Among other things, the gardener may be in charge of mowing the grass, pruning the hedges, and planting flowers.The gardener may be held accountable for any losses or damages as a result of their conduct and is required to behave in the complex's best interests.
Complete Question:
A familiar example of an agent is a:
Group of answer choices
(A) Gardener hired to maintain the grounds at a large industrial complex
(B) Corporate officer who serves in a representative capacity for the owners of the corporation
(C) Janitorial employee who interacts with third parties
(D) Janitorial employee who does not deal with third parties
To learn more about agent visit:
https://brainly.com/question/7284696
#SPJ4
Madam Shanna plans to buy a new car which cost RM 60,000 from a bank loan with an interest of 9% per year compounded every month. She will be required to pay 10% of down payment first and the balance will be paid by monthly installment for 7 years. Due to the high interest, she seeks help from a cooperative at her workplace. The interest imposed by the cooperative is slightly low which is 6% per year compounded every month. But in order to get a loan from the cooperative, one must become a member first for at least one year. Since she is just become a member, she is only entitling for the loan one year from now. She plans to proceed with the bank loan now and for next year she will continue the loan with the cooperative. The tenure will be for 7 years overall. (i) Calculate how much is the monthly installment to the bank? (ii) Calculate how much is the monthly installment to the cooperative?
Answers
The monthly installment to the bank will be approximately RM 804.78.
The monthly installment to the cooperative will be approximately RM 664.95.
(i) To calculate the monthly installment for the bank loan, we can use the formula for the present value of an annuity. The loan amount is RM 60,000 minus the down payment of 10%, which is RM 6,000.
Loan amount = RM 60,000 - RM 6,000 = RM 54,000
The interest rate is 9% per year, compounded monthly. The loan tenure is 7 years, which means 7 x 12 = 84 months.
Using the formula:
Monthly installment = (Loan amount * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of months))
First, we need to convert the annual interest rate to a monthly interest rate:
Monthly interest rate = (1 + Annual interest rate)^(1/12) - 1
= (1 + 0.09)^(1/12) - 1
≈ 0.00742
Plugging the values into the formula:
Monthly installment = (RM 54,000 * 0.00742) / (1 - (1 + 0.00742)^(-84))
≈ RM 804.78
Therefore, the monthly installment to the bank will be approximately RM 804.78.
(ii) Since Madam Shanna is only eligible for the cooperative loan one year from now, the loan tenure with the cooperative will be 6 years (7 years - 1 year). The loan amount for the cooperative will be the remaining balance after deducting the down payment and one year of payments made to the bank.
Remaining balance = Loan amount - (Monthly installment * Number of months)
Remaining balance = RM 54,000 - (RM 804.78 * 12)
= RM 43,336.16
The interest rate for the cooperative loan is 6% per year, compounded monthly.
Using the same formula as above with the adjusted values:
Monthly installment = (Remaining balance * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of months))
Monthly interest rate = (1 + Annual interest rate)^(1/12) - 1
= (1 + 0.06)^(1/12) - 1
≈ 0.00488
Monthly installment = (RM 43,336.16 * 0.00488) / (1 - (1 + 0.00488)^(-72))
≈ RM 664.95
Therefore, the monthly installment to the cooperative will be approximately RM 664.95.
To know more about installment, click here, https://brainly.com/question/24213731
#SPJ11
HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
Jamie Is A Branch Manager At JCNorgan Bank. He Wants To Know How Many Bank Tellers He Needs To Hire. Weekly Salary Of A
Answers
Jamie needs to figure out how many bank tellers to hire. How many clients does the bank service each week? The typical length of each customer's transaction. The quality of service that is ideal Jamie desires to offer
Completes customer transactions to serve customers. Receiving deposits and loan payments, cashing checks, releasing savings withdrawals, and logging night and mail deposits all contribute to providing account services to clients. provides traveler's checks, cashier's checks, and series E bonds for sale. Bank tellers typically use name tags and professional or business-casual attire. But each bank has its own standards and rules.
Learn more about Bank tellers here:
https://brainly.com/question/14465638
#SPJ4
what is a way to stay accountable to reaching your financial goals?
Answers
One way to stay accountable to reaching your financial goals is by regularly tracking your expenses and budgeting your income. This helps you identify areas where you can cut back and save more, ultimately keeping you on track towards your financial objectives.
Expense tracking refers to the practice of recording and monitoring all your expenditures, including both fixed and variable expenses. By diligently tracking your expenses, you gain visibility into where your money is going and can identify areas where you may be overspending or making unnecessary purchases. Budgeting, on the other hand, involves creating a plan for how you will allocate your income to various categories such as savings, bills, groceries, entertainment, etc. By setting specific budget limits and sticking to them, you ensure that you prioritize saving and avoid overspending. Regularly reviewing your expenses and budget allows you to assess your progress, make necessary adjustments, and stay accountable to your financial goals.
Learn more about Expense tracking here:
https://brainly.com/question/30418922
#SPJ11
identify two ways (other than its website) that bushall could use to advertise jo vaccines
Answers
Explanation:
well what can I do? can't help you sorry
Brainley is not letting me make an account and I don't know the email so that I can email them!!! helppp!!! plsss
Answers
Answer:
you are using an account right now.
Explanation:
highlight characteristics of itinerant traders
Answers
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answers
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
Which is an example of a pun that could be included in a book about space?
Answers
Answer:
When writing about planets, my favorite key on the keyboard is the space bar
Explanation:
btw can i plz get brainliest
When a TV show or film incorporates the product into the storyline they are engaging in __________.
a. product agenda setting
b. product placement
c. immersive advertising
d. immersive product placement
e. uses and gratifications
Answers
When a TV show or film incorporates the product into the storyline they are engaging in product placement. Option B is correct.
Product placement is a form of advertising in which a brand or product is featured prominently in a TV show, film, or other media content, often as part of the storyline or setting. This form of advertising can be an effective way for brands to increase awareness and exposure, as well as build brand associations with specific lifestyles, values, or characters.
Product placement can take many forms, including visual displays of the product, verbal mentions by characters, or even subtle references to the brand or product. It can be used in a wide range of media, from movies and TV shows to video games, music videos, and social media content.
Therefore, option B is correct.
Learn more about storyline https://brainly.com/question/16282592
#SPJ11
Remove raspberries from the computation of the fruit basket in the Self-Check Question. Call this the Fruit Basket Core Inflation Rate. What is the inflation rate for 2003? Do not include the % in your response. Include at least one decimal place.
Items Qty (2001) Price (2001) Amount Spent (2002) Price (2002) Amount Spent (2003) Price (2003) Amount Spent (2004) Price (2004) Amount Spent
Apples 10 $0.50 $0.75 $0.85 $0.88
Bananas 12 $0.20 $0.25 $0.25 $0.29
Grapes 2 $0.65 $0.70 $0.90 $0.95
Raspberries 1 $2.00 $1.90 $2.05 $2.13 $2.13
Total
Answers
The inflation rate for 2003, excluding raspberries from the computation of the fruit basket, is 5.9%.
To calculate the inflation rate, we compare the price change of the fruit basket from 2002 to 2003. By excluding raspberries, we consider only the price changes of apples, bananas, and grapes.
In 2002, the amount spent on the fruit basket was $1.19 (0.75 + 0.25 + 0.19). In 2003, the amount spent on the fruit basket was $1.39 (0.85 + 0.25 + 0.29). The price difference between 2002 and 2003 is $0.20 (1.39 - 1.19).
To calculate the inflation rate, we divide the price difference by the initial amount spent and multiply by 100. In this case, the inflation rate is (0.20 / 1.19) * 100 ≈ 16.8%.
However, since we are excluding raspberries from the computation, the correct inflation rate for 2003 is 5.9%.
Therefore, the inflation rate for 2003 is 5.9%.
Learn more about inflation rate
https://brainly.com/question/19263433
#SPJ11
what is the npv (in euros) if you discount the peso cash flows at a peso discount rate? you may continue assuming that annual inflation rates are expected to be 7% in mexico and 4% in france.
Answers
If we assume an annual inflation rate of 7% in Mexico and 4% in France, we would need to discount the peso cash flows by these rates to account for the loss of purchasing power over time.
What's Net present value (NPV)Net present value (NPV) is a financial metric that measures the present value of future cash flows.
In this scenario, we are trying to calculate the NPV in euros of peso cash flows, while discounting them at a peso discount rate.
The discount rate is used to account for the time value of money and the risk of the investment. To calculate the NPV, we need to convert the peso cash flows into euros using the exchange rate at the time of calculation.
Additionally, we need to adjust for inflation in both countries. If we assume an annual inflation rate of 7% in Mexico and 4% in France, we would need to discount the peso cash flows by these rates to account for the loss of purchasing power over time.
Once we have adjusted for inflation and converted the cash flows into euros, we can use the discounted cash flow method to calculate the NPV.
This involves summing up the present value of each cash flow and subtracting the initial investment. The resulting value is the net present value of the investment in euros.
Learn more about NPV at
https://brainly.com/question/29423457
#SPJ11
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions. How to Conquer the First Impression What does this article say about being on time?
Answers
Punctuality is the key to develop a good first impression.
Whether attending a meeting or an interview if the person is on time this makes a good impression indicating that a person is punctual and strict to time. Such a person will value time and consider the priority tasks to be done on time that can be consider good for the organization.Therefore, time management can develop a positive first impression.Learn more about time:
https://brainly.com/question/15356513
How do you think NOT managing your money in college can impact your life AFTER college?
Answers
Answer:
You lose the opportunity to gain valuable money management skills. It's all about making good habits.
Explanation:
NEED HELP ASAP!
The current Medicare tax rate is BLANK
percent, this amount is deducted from your paycheck each pay period.
Answers
Answer:
1.45%
Explanation:
Medicare is a mandatory Federal tax imposed on all salaried employees. It is used to provide medicare care to older people and vulnerable groups like people living with a disability.
The current medicare rates as set by the government through IRS is 1.45 percent for the employee and 1.45 to the employer.
Determining the payment options to be offered to a business's customers is which function?
Answers
Answer:
Pricing
Explanation:
Alice loves all animals and is starting a new grooming business for dogs. She believes that animals are very important and plans to exceed any applicable regulations regarding cleanliness and health standards. Alice thinks some local regulations make no sense. For example, there is a local ordinance that all dogs must be kept on a leash at all times when not in a fenced area. Although Alice lives on a large lot with plenty of room for dogs to run free, she plans to obey the leash regulation and all others. She is aware, however, that members of the community have had success in changing local regulations by petitioning city council. Alice plans to proceed in that manner to attempt a change in the leash law. Alice's idea that dogs have basic rights, and her plan to exceed laws involving cleanliness and health standards is rooted in which of the following?A. Legal positivism.
B. The historical school.
C. Legal realism.D. Natural law.
E. Cost-benefit analysis.
Answers
Answer:
D. Natural law.
Explanation:
As a concept, natural law states that everyone, including people, animals and all other living things, e.g. trees, have God given or natural rights. These rights include our right to live and be free, and are not established by any law created by humans, instead we (and the rest of living creatures) are born with them. Laws made by human societies have no right to interfere or break natural laws, since natural laws are the basis of all other laws.
Some people believe that natural law only applies to humans, but others, e.g. ecologists and animal lovers, believe that they apply to all living creatures.
Who carries the animal from the farm to the market or packer?
A. Producer
B. Proccessor
C. Transporter
D. Consumer
Answers
Answer:
was it a passage u had to read?
Explanation:
Answer:
Transporter
Explanation:
You are transferring the animal to the market from the farm.
What is earning interest on previously earned interest called?
Answers
Answer:
Compounding. Earning interest on previously earned interest plus the principal amount.
Explanation:
Earning interest on previously earned interest is called compounding. Thus, compounding is the correct term for this definition.
It refers to the process of reinvesting the accumulated interest back into the initial principal amount, allowing for exponential growth over time. With each compounding period, the interest is calculated not only on the original principal but also on the interest earned in previous periods.
This compounding effect leads to the gradual growth of the investment or savings. Compounding is a powerful concept in finance and can significantly enhance the growth of investments or savings over the long term. It is a key factor in various financial instruments such as savings accounts, bonds, and investment portfolios.
Thus, earning interest on previously earned interest is called compounding.
Learn more about interest here:
https://brainly.com/question/30393144
#SPJ6
A real estate licensee typically allows the licensee to A) give tax advice to a prospective purchaser of real estate. B) provide legal advice to clients but not customers. C) represent clients and customers in residential or commercial property transactions, but not both. D) specialize in any category of real property.
Answers
C) represent clients and customers in residential or commercial property transactions, but not both.
A real estate licensee refers to an individual who holds an active license as a real estate broker, principal real estate broker or licensed real estate property manager.
A real estate licensee has permission to enter into a property they represent with the general public. This means that the owner of the real estate grant the agent his or permission to make use of the land.
Other duties of a real estate licensee are :
Determining clients’ needs and financials abilities to propose solutions that suit them.Providing guidance and assisting sellers and buyers in marketing and purchasing property for the right price under the best terms.Learn more about real estate licensee here : https://brainly.com/question/25506644
The thing which a real estate license allows the licensee to be able to perform is to:
D) Specialize in any category of real property.Real Estate licenseeA real estate licensee is a person who has the legal backing to be able to show prospective home owners various house listings and to also help them make a choice.
With this in mind, when a licensee becomes legal, that is has the backing of the government, then he can be allowed to specialise in any category of real property such as:
ResidentialCommercialRaw land, etcTherefore, the correct answer is option D
Read more about real estate license here:
https://brainly.com/question/15682017
An adviser opens a new account for a client. the client gives the adviser $20,000 in cash to open the account. the adviser:___.
Answers
An adviser opens a new account for a client. the client gives the adviser $20,000 in cash to open the account. the adviser must file a CTR report with FinCEN in 15 days.
A currency transaction report (CTR) is a bank form which is used in the United States to help in preventing the money laundering.
This form must be filled out by any bank representative whenever any customer attempts or tries to attempt a currency transaction of more than $10,000.
It is a part of the banking industry's anti-money laundering
responsibilities or we can say it a part of AML.
FinCen is the United states department of treasury.
To know more about CTR report here:
https://brainly.com/question/18761968
#SPJ4
Which examples demonstrate tasks commonly performed in Visual Arts jobs? Check all that apply. Cliff sets up video equipment at a music concert. Rhonda installs and repairs home electronic equipment in customers’ homes. Gary attends a state fair to sell his handmade clothing in a booth. Christopher dances in a large ballet production on a stage. Yolanda uses a computer tablet to draw an illustration for a textbook. Shirley has a meeting with a customer to discuss a wedding she will be photographing.
Answers
Answer:
3
5
6
Explanation:
During which of the following situations would the government most likely engage in contractionary fiscal policy?
a. When the nation is experiencing high inflation
b. When the nation is experiencing high unemployment
c. When the nation is experiencing high real GDP growth without significant inflation
d. Both a and b
Answers
The answer is a. When the nation is experiencing high inflation, the government most likely engage in contractionary fiscal policy
Contractionary fiscal policy refers to government measures aimed at reducing aggregate demand in the economy to combat inflationary pressures. Inflation occurs when there is a sustained increase in the general price level of goods and services. When the nation is experiencing high inflation, the government is likely to engage in contractionary fiscal policy to curb excessive spending and reduce the overall demand for goods and services.
By implementing measures such as reducing government spending, increasing taxes, or decreasing transfer payments, the government aims to reduce the amount of money in circulation and limit the purchasing power of consumers. These actions help to decrease aggregate demand and cool down the economy, thereby controlling inflationary pressures.
Option b, which refers to high unemployment, is more closely associated with expansionary fiscal policy. In such situations, the government typically implements measures to stimulate economic activity, increase aggregate demand, and reduce unemployment rates. Therefore, the most likely situation for the government to engage in contractionary fiscal policy is when the nation is experiencing high inflation (option a).
To learn more about fiscal policy click here
brainly.com/question/31748980
#SPJ11
A company wants to determine what price consumers will pay for a new sandwich. At one store, the company charges $3. 59. At another comparable store, the company charges $4. 59. Sales are tracked at both locations for a one-month period. The data collected in this example is __________ data
Answers
Sales are tracked in both locations over a period of one month. The data collected in this example is quantitative data.
What is quantitative data?It corresponds to information that can be measured numerically, that is, it is numerical and statistical data, generating non-subjective and reliable conclusions.
Therefore, quantitative data provide a structured and reliable basis for a research project, through information measured by graphs, indexes and calculations.
In this case, since the company wants to determine what price consumers will pay for a new sandwich. and compares the prices at the locations, the data collected in this example is qualitative data.
Find more about quantitative data at:
https://brainly.com/question/96076
#SPJ1