Which of the following represents a limiting factor for the growth of e-commerce? Note: You have until 1am AEST/AEDT on the day a future dated or periodic funds transfer or bill payment is due to be processed, to modify or cancel it. 4) I only. Is that Regis Revision from young to old or young. THE BALANCE OF PAYMENTS (BP) The balance of payments is the summary statement of the flow of economic transactions between the residents of one country and the rest of the world over a given period of time. a. A. B) The federal government pays a retiree her Social Security benefits. In the accounting equation, Assets = Liabilities + Equity, so, if an asset account increases (a debit (left)), then either another asset account must decrease (a credit (right)), or a liability or equity account must increase (a credit (right)). We offer ACCA candidates high-quality study materials to maximise their chances of success. The point of transfer is when the goods arrive at the buyer’s place of business. A) The gift tax is a wealth transfer tax that applies to transfers during a person's lifetime and transfers at death. In Figure 8-2, which of the following moves can be explained by an increase in government transfer payments? During a recession, the government raises unemployment benefits by $100 million. The state government imposes a tax on cigarette purchases to discourage smoking. labor. Which of the following is a transfer payment? I) Transfer of wealth to a dependent family member that represents support. Which of the following involves payments that rely on a bank account and a web-based transfer of funds to or from an established financial account? Which of the following transactions best represents the government playing the role of provider of a good or service? If the due date of any payment hereunder is a Saturday, Sunday or national holiday, such payment may be paid on the following business day. II. A. Which of the following transactions would represent an addition to a nation’s . Privacy Which one of the following statements about discretionary fiscal policy is correct? On December 1, 2011, how much interest is accrued on this loan? $0 B. You transfer $1000 from your bank account to a mutual fund. A to C To encourage formation of small businesses, the government could provide. III. III. Examples of transfer payments include welfare, financial aid, social security, and government subsidies for certain businesses. The federal government provides Social Security checks to those citizens who qualify for the payment. Which of the following transactions best represents the 1. Which of the following represents a transfer payment? Which measure of GDP represents changes in the quantity of goods and services produced in the economy, ... A. personal income minus government transfer payments plus personal tax payments. Payment of a per diem allowance under part 302-4 of this chapter requires you to review claims for the validity, accuracy, and reasonableness of each expense amount, except for meals and incidental expenses. Which of the following statements is (are) true about accounts receivables? d. your employer automatically transfers $100 each month from your wages to a non-taxable $4,000 C. $48,000 D. $52,000. $2,933 B. B)Fed transfers of U.S. dollars to other central banks. The government pays an employee by making a direct transfer to the employee's bank account. payments to the factors of production are.. rent, wages, interest, and profit or loss. A $100 transfer from checking to savings. $30 000 in retirement benefits in 2011, how is the payment treated? The payment is based on three phases of a surgical procedure. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. Multiple funds transfers. A to B b. A $500 unemployment payment to a construction worker. View desktop site. A bank transfer scam, technically referred to as authorised push payment (APP) fraud, occurs when someone is tricked into sending money to a criminal’s bank account. Which of the following represents a transfer payment? LO 6.7 A customer returns $690 … The government sends your grandfather his social security check C) transfer payments and dividends. Answer to: Which of the following represents taxable gifts? With respect to GDP, how are welfare payments treated. ... as such, represents a flow of additions to the balance (net stock) of indebtedness. LO 6.5Which of the following is not a characteristic of FOB Shipping Point? Which of the following represents the journal entry for this transaction, assuming the retailer has already remitted payment? A $100 transfer from checking to savings. They receive a transfer payment that enables them to buy food for their family. C. IFRS 3 establishes the following principles in relation to the recognition and measurement of items arising in a business combination: Recognition principle. A. C)receipts from exports and payments for imports. Providing low-income families with funds to buy food is an example of a transfer payment. 26 . B. 12) A transfer payment is A) a bonus to get a worker to accept a transfer. The transfer agent issues 40,000 shares of the company’s stock to a friend without authorization by the board of directors. Course Hero is not sponsored or endorsed by any college or university. Open items are items in the customer account for which payment from the customer has been received. Which one of the following has to be taken into account when GDP is estimated? Payment Method. Economics Q&A Library Which of the following represents a transfer payment? Which of the following transactions best represents the government making a transfer payment to a household or business? These are large, but infrequent, insurance payments from foreign insurance companies. c. The government sends your grandfather his pension cheque. D) an in kind payment for workingʺ off the books.ʺ Answer: B The global surgical package is a single payment for all care associated with a surgical procedure. The land has a current market value of $22,000. In macroeconomics and finance, a transfer payment (also called a government transfer or simply transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return. B. Transfer payments are used to pay for intermediate goods, and intermediate goods are excluded from gross domestic product. They involve exchanges of foreign currency for domestic currency on the foreign exchange market. There are no set submission dates. II. ... the 45-degree line represents all points where spending equals output. a. Electronic Data Interchange (EDI) 2. (y) Your grandfather receives his Social Security check from the U.S. government. d. A $1,000 social security check paid to a retiree. 11) 12) In 2003, the U.S. current account had a A)deficit of $559 billion. In computing GDP, which of the following represents a “transfer payment” as defined by the textbook? 5) I and III only. A. E-Commerce provides the following features − Non-Cash Payment − E-Commerce enables the use of credit cards, debit cards, smart cards, electronic fund transfer via bank's website, and other modes of electronics payment. Which of the following represents the largest source of income for U.S. households? c. The Social Security tax is regressive because You transfer $1,000 from your bank account to a mutual fund. 14. Which of the following best represents fraudulent financial reporting? c. You make a payment to get legal documents showing you purchased a … asked Jul 13, 2016 in Economics by Marra. D)net borrowing between the United States and other countries. A firm buys Mpho, its sales representative, a new car. Which of the following is an example of a durable good? wikipedia 1 and wikipedia 2). All payments due under this Agreement shall be made from a bank located in the United States by bank wire transfer in immediately available funds to a bank account designated by Editas.All payments hereunder shall be made in U.S. dollars. Which of the following represents a transfer payment? Electronic Bulle… Preoperative evaluation. Get step-by-step explanations, verified by experts. Electronic Fund Transfer (EFT) Other Network-based technologies; Features. 2. 92. Imposing taxes helps to finance goods and services provided by governments, but it is not considered a service. The correct answer is: "subsidies". An army officer, paid by … John purchases shares to the value of R150 000 in Anglo American plc. a. Which of the following represents a mandatory government outlay? Social Security payments are a means of redistributing income, but they are not a government service either. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew? Which of the following checks issued by the government represents a transfer payment? For instance, exercise 2.c in Chapter 2 of Jones book's Macroeconomics ask to calculate how much GDP changes if:. a. Which of the following represents a transfer payment a You transfer 1000 from, 21 out of 21 people found this document helpful. Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping. Peter invests in a 24-month tax-free fixed deposit. In this situation, the low-income families that receive the transfer payments do not provide any service or goods to the government. Explain how each of the following policies read this reviewed income across generations. You must consider the following factors: (a) Ease of administration. 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