The direct write-off method is not normally an acceptable method under GAAP because it fails to report _____.

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Answer 1

Accounts receivable for their net realizable value

Net realizable value is calculated as full realizable amount minus allowance for doubtful debts.GAAP (Generally accepted accounting principles)- It has the common set which is issued by the Financial Accounting Standard boards for accounting rules, standards & procedures.Direct write-off method- It is an accounting method in which uncollectible accounts are written off as bad debt.

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Related Questions

When organizations face a turbulent environment, intense competition, and the need to move fast, the most appropriate leadership would be:

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When organizations face a turbulent environment, intense competition, and the need to move fast, the most appropriate leadership would be: transactional subordinate centered free rein transformational task-centered.

How can an organization attend to  turbulent environment, intense competition?

For an to respond to  turbulent environment, intense competition, then the kind of leadership needed is  transformational task-centered that would be able to observe the business environment to make necessary decision.

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The most important economic effect of the internal combustion engine was trade became slower and less efficient. encouraging city workers to commute. increasing the price of gasoline. allowing goods to be shipped farther.

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The most important economic effect that the internal combustion engine brought was allowing goods to be shipped farther.

How was the combustion engine beneficial?

The combustion engine made it such that cars and other vehicles were able to move faster and over longer distances.

This allowed for goods and services to be shipped over great distances across the U.S. thereby increasing trade.

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Answer:

D

Explanation:

Capital deepening refers to Group of answer choices The increase in quantity and quality of capital per worker A larger infrastructure and communication network The improvements in the education system The quantity of physical capital with better technology available in the economy

Answers

When capital grows relative to the number of workers, capital deepening occurs, enabling workers to produce more.

What is the capital deepening process?

The process of capital deepening involves increasing the quantity of capital per unit of labor by making technological investments. This raises labor productivity, overall production, and production costs, which in turn increases contribution margin.

Take industrial workers in a car plant as an illustration. Workers can create more automobiles in the same period of time if they have more access to the equipment and tools needed to do it.

What makes capital deepening crucial?

It is one of the ways we support long-term economic expansion and prospective output growth. Deepening boosts economic growth assuming that the labor supply (as shown by the work force) remains constant. People can employ the growing amount of capital items, such as machinery, to boost output.

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Missy, a licensee, desperately wants to be appointed the next California Real Estate Commissioner. For the three years she has held her California real estate license, she has been ranked in the top five in new home sales in her office. Missy has never had her license suspended or revoked, and prides herself on being ethical in every transaction and interaction. Does Missy have a chance

Answers

If Missy has never had her license suspended or revoked. No, Missy  does not have a chance.

Whether Missy have a chance or not

Based on the point Missy is currently in her career she does not have a chance.

In order for her to be chosen or selected for to the post of a  California Real Estate Commissioner by the governor, she must have possess a  minimum of five years working experience as a real estate broker.

Therefore she does not have a chance.

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What are 10 things that makes a business a disruptor? (must have 10 reasons cannot be the same)

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Some of the things that make a business a disruptor are:

Unstable expectationsIrregular business modelsInconsistenciesComplex business modelsComplex ecosystemsLack of job satisfaction

What is a Business Disruptor?

This refers to the factors that disrupt the normal flow of a business due to inconsistencies, etc.

Hence, we can see that based on the fact that for an effective business to run, it needs to have good vision and mission statements that are clear and easy to follow.

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An auto company decided to relocate its offices from Huntsville, Alabama to Orlando, Florida. The human resources manager of the auto company refuses to relocate to Orlando due to family obligations. While she is searching for a new job, the manager will be considered: Group of answer choices Cyclically un

Answers

In the given case the human resource manager will be considered frictionally unemployed. Thus the correct answer is B.

What is unemployment?

Unemployment is the situation in which an individual is unable to find any job or occupation to meet the financial needs of life after having all the required talents and qualifications.

Frictionally unemployment is a situation when an individual is relocating to another job from one job. In the given situation the manager is not terminated.

The human resource manager resigned from the job due to obligations from family. This shows that she has the skills and talents to pursue and join another job. The period in which she is searching for a job is considered frictional unemployment.

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The Blank______ stage of the personal selling process is the most difficult because the salesperson must interpret a prospect's body language, statements and questions about a purchase.

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The closing stage of the personal selling process is the most difficult because the salesperson must interpret a prospect's body language, statements, and questions about a purchase. This is further explained below.

What is salesperson

Generally, a person whose duty is to sell a product or service in a certain region, at a shop, or via telephone

In conclusion, Due to the complexity of a prospect's body language, remarks, and inquiries during the closing phase of a personal sale, it is often the most challenging part of the sales process.

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g ational Scan, Inc., sells radio frequency inventory tags. Monthly sales for a five-month period were as follows: MonthSales (units) Feb.427 Mar.376 Apr.435 May465 Jun.315 What is your forecast for July sales volume using a three-month moving average

Answers

The forecasted sales for July using a three-month moving average is 405

What is Forecasting ?

Forecasting is a very useful future analysis technique for demand and sales data for different units and processes. This method is used to estimate future sales and demand. It is also useful in trend analysis to evaluate future trends and forecasting.

The formula to compute three-month moving average MA(3) to forecast sales for the [tex]n^{th}[/tex] period is shown below:

[tex]Forecastperiod(n)[/tex] [tex]=[/tex] [tex]\frac{Y_{n-3} + Y_{n- 2} + Y_{n- 1}}{3}[/tex]

                       July =  [tex]\frac{435 + 465 + 315 }{3} \\[/tex]

                      July = [tex]\frac{1,215}{3}[/tex]

                      July = 405

Thus , the forecasted sales for July is 405.

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The imposition of a tariff will typically ________ government revenue and ________ domestic production of the good.

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The imposition of a tariff will typically increase government revenue and increase domestic production of the good.

What are the effects of a tariff?

A tariff is when a company charges an amount on the import of certain goods and services. The purpose of a tariff is to discourage the importation of certain goods and services and increase domestic production.

When a tariff is imposed, import falls and since import is a negative function of the gross domestic product, GDP increases. Also, the income of the government increases when tariffs are imposed.

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In the ______ decision-making process, everyone can say they have been heard and will support the final decision.

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In the Brainstorming decision-making process, everyone can say they have been heard and will support the final decision.

What is Brainstorming?Through the use of a list of ideas that members of the group voluntarily submit, brainstorming is a strategy for fostering collective creativity that aims to solve a particular problem.In other words, brainstorming is a circumstance where a group of people gathers to produce fresh concepts and solutions for a certain area of interest while letting go of inhibitions. People have more mental freedom and offer as many original, unplanned ideas as they can. Following the brainstorming session, all of the ideas are recorded without any criticism.Each person in a circle writes down one idea, gives the piece of paper to the next person, who adds some further ideas, and so on.

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Can I Plss get some help on this

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When a nation is producing at a point below their production possibilities curve, they are experiencing unemployment (second option).

What is the production possibilities curve?

The Production possibilities curve shows the various combination of two goods a nation can produce when all its resources are fully utilised.

Points inside the production possibilities curve means that the nations resources are not being fully utilised. It could also indicate unemployment.

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A basic Customer Relationship Management premise is that: a. each individual customer is limited to a single sale. b. customers form relationships with companies as opposed to companies conducting individual transactions with customers. c. acquiring new customers is more profitable than maintaining loyal customers. d. customers relationships are best established when companies primarily focus on conducting individual transactions with customers. e. storing customer information on company databases is most likely to sour relationships with customers.

Answers

A basic Customer Relationship Management premise is that (B) customers form relationships with companies as opposed to companies conducting individual transactions with customers.

A tool known as customer relationship management (CRM) is used to handle all interactions and relationships between your business and its clients. The objective is straightforward: to strengthen business ties. CRM systems assist businesses in maintaining contact with clients, streamlining procedures, and boosting profitability.Expressing gratitude to customers once they make purchases. If a customer buys a certain product, upsell or cross-sell to them. sending a coupon along with a birthday greeting. giving a customer who hasn't bought anything recently a discount.

What is CRM and why is it important?

CRM enables organizations to establish a relationship with their clients, which fosters loyalty and client retention. CRM is a management technique that boosts a company's profits since customer loyalty and revenue are two factors that influence a company's revenue.

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The approximate worth of a customer to a company in economic terms is known as the _____. a. total customer value b. customer future value c. customer lifetime value d. customer present value e. net present value

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The correct option is (c) customer lifetime value.

The approximate worth of a customer to a company in economic terms is known as the customer lifetime value.

Customer lifetime value (CLV) is the sum of a customer's value to a company over the course of their relationship. Increasing the value of your existing customers is a wonderful strategy to spur growth because it is less expensive to retain existing customers than it is to attract new ones.

Customer lifetime value, lifetime customer value, or life-time value are all terms used in marketing to forecast the net profit that will be generated over the course of a customer's entire future relationship.

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You began operating a small general electric contracting company two years ago. Originally, it was just you and your cousin, but it has grown to five licensed electricians, plus one office manager who takes calls from customers, schedules the work, and orders parts and supplies. Your company handles a wide range of work, including installing new circuit breaker panels, rewiring existing electrical systems for renovations and additions, and installing residential light fixtures, security lighting systems, swimming pool lighting, and ceiling fans.
Business has really taken off, and your current manual systems and procedures can no longer keep pace. The office manager has been exploring several options and has identified three different software packages designed for small contractors. Each one of the packages includes features for managing parts and supplies inventory, scheduling jobs, and invoicing customers.
Two of the software packages are from large, well-known companies. One of these must be installed on your local network and has an initial licensing cost of roughly $750 plus $100 per year for software support. The second package is a SaaS solution accessed through a browser from any computer connected to the Internet. It has no initial fee but requires an annual subscription of $150 for the first user plus $50 annually for each additional user. The third software package is open-source software, with no initial cost and no support cost.
Which kind of software will best serve your company's needs?
a. Paid installed on-premises
b. Open source installed on-premises
c. Paid SaaS subscription

Answers

Paid SaaS subscription software will best serve your company's needs.

What is Paid SaaS Subscription Software?A method of distributing applications over the Internet as a service is known as software as a service (or SaaS).You can avoid complicated software and hardware maintenance by just accessing software over the Internet rather than installing and maintaining it.SaaS applications are also referred to as hosted software, web-based software, and on-demand software.Whatever name they go by, SaaS applications run on the servers of a SaaS provider.Security, availability, and performance of access to the application are all managed by the supplier.What is Paid Installed On-Premises?Instead of being installed and run at a distant location like a server farm or cloud, on-premises software (abbreviated to on-prem and wrongly called on-premise).It is run on computers that are on the premises of the individual or business utilizing the software.Software that is used off-premises is typically referred to as "software as a service" ("SaaS") or "cloud computing," while software that is used on-premises is occasionally referred to as "shrinkwrap" software.The software is made up of databases and modules combined to specifically meet the special requirements of large businesses regarding the automation of corporate-wide business system and its functions.What is Open Source Installed On-Premises?Open source Installed On-Premises refers to software that has been made freely distributable and modifiable.Products come include the right to utilize the product's content, design papers, or source code. The open-source model is a decentralized approach to software development that promotes transparent teamwork. Peer production, with goods including source code, designs, and documentation being made freely available to the public, is a fundamental tenet of open-source software development.Open source encourages everyone to have access to a product's design or blueprint through a free or open-source license and to redistribute it widely.Before the word "open source" gained popularity, developers and manufacturers had employed a number of alternative phrases. With the growth of the Internet, open source became more prevalent.

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Arbitration has a ________ level of control over the final outcome and a ________ level of control over the process.

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Arbitration has a high level of control over the final outcome and a low level of control over the process.

Arbitration:

Alternative dispute resolution techniques like arbitration can be used to settle conflicts outside of the legal system. One or more people will decide the issue, making the result a "arbitration award."

By agreement of the parties, a dispute is presented to one or more arbitrators through the arbitration process, who then render an official ruling on the matter. Instead of going to court, the parties choose arbitration as a private conflict settlement process.

When two divorce parties are unable to come to an agreement on terms and invite a third party to assist them in their negotiations, it is an example of an arbitration.

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A limitation of revenue-oriented pricing is that _______. a. it cannot be used by manufacturing companies b. the profit goals of a company are not taken into account c. it does not focus on maximizing the surplus of income over costs d. determining costs can be difficult for many services

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A limitation of revenue-oriented pricing is that it does not focus on maximizing the surplus of income over costs.

*Revenue-oriented pricing (also known as profit- oriented pricing or cost based pricing) where the marketer seeks to maximize the profits (i.e. the surplus income over costs) or simply to cover costs and break even.

* It is plan that focuses on increasing company income by maximizing both short and long term sales potential.

*Having a dedicated strategy of this kind is critical, as it is near impossible to grow revenue without a documented plan of action.

The only limitation is it focuses on maximizing the surplus of income over costs.

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An information system for a building company that tracks construction costs for various projects across the United States would be categorized as a type of: MIS. KPI. GDSS. BPM. GSS.

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An information system for a building company that tracks construction costs for various projects across the United States would be categorized as a type of GDSS.

Group Decision Support System is referred to as GDSS. It is a system that aids in decision-making and has been set up and structured in such a way that group members can engage with one another to reach a particular conclusion.

A formal, sociotechnical, organizational structure called an information system (IS) is created to gather, process, store, and distribute information. Information systems are made up of four elements from a sociotechnical standpoint: the task, the people, the structure (or roles), and the technology.

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If a product is targeted to a risk-seeking individual who is college educated, makes above $100k a year, belongs to a local extreme sport club, reads Fight! magazine, and takes two vacations a year to exotic places, what type of segmentation has been used to market the product

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(B) Psychographic segmentation has been used to market the product.

What is Psychographic segmentation?

Psychographic segmentation is a type of market segmentation that divides consumers into sub-groups based on similar psychological features, such as subconscious or conscious beliefs, motives, and priorities, in order to explain and anticipate consumer behavior.What is decision maker segmentation?A segmentation plan assists in narrowing the scope of your business or product to the people you are most likely to be able to serve, bringing focus to the demands that should be targeted in your marketing communication.What is behavioral segmentation?Behavioral segmentation separates customers into categories based on their behavior patterns or behavioral data, allowing marketers to target certain behaviors that increase the likelihood of their intended outcomes.

As the definition says Psychographic segmentation is a type of market segmentation that divides consumers into sub-groups based on similar psychological features. and in the given situation the sub-group is the college-educated.

Therefore, (B) psychographic segmentation has been used to market the product.

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Complete question:

1. If a product is targeted at a risk-seeking individual who is college educated, makes above $100k a year, belongs to a local extreme sports club, and reads Fight! magazine, and takes two vacations a year to exotic places, what type of segmentation has been used to market the product?

a. decision maker segmentation

b. psychographic segmentation

c. behavioral segmentation

Current projections indicate that by the year 2030, there will be ______ tax-paying workers for every retiree collecting Social Security.

Answers

Current projections indicate that by the year 2030, there will be 2.0 tax-paying workers for every retiree collecting Social Security.

A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised.There are two main categories of taxes: direct taxes and indirect taxes. Both taxes are implemented in different ways. Some taxes, like the dreaded income tax and corporate tax, are paid directly by you, while others, like sales tax and service tax, are paid inadvertently.The government uses taxes to fund a variety of welfare programs, including job initiatives.

Thus this is the answer.

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Which of the following defenses can an alleged infringer use to prove that the patent is invalid? Group of answer choices The invention was previously unknown. The invention is a novelty. The invention has utility. The invention has produced unexpected results. The invention is obvious.

Answers

The invention has produced unexpected results

Which best compares and contrasts the teaching and training careers and the professional support careers?

A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.
B) Both careers help students learn; however, teaching and training careers are involved in running the school.
C) Both careers are increasing the number of available jobs; however, professional support career earns less money.
D)Both careers have support careers; however, professional support careers assist in the classroom.

Answers

The teaching and training careers and the professional support careers can be compared because option  A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

What are teaching and training careers and the professional support careers ?

They are both careers that is needed for the students so they can come out with flying colors.

For instance, teaching involves passing across knowledge to students, and the teacher is expected to use different techniques so that the students can cope and be successful academically.

Therefore, option A is correct.

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All of the following are considered to be knowledge workers except: engineers. executives. designers. architects. researchers.

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All of the following are considered to be knowledge workers except executives. This is further explained below.

What is executives?

Generally, Those in a position of management or supervision inside an institution.

In conclusion, Other than CEOs, the following are all examples of knowledge workers.

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An example of a company connecting with customers to add value in its package redesign strategy is Blank______.

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An example of a company connecting with customers in its package redesign strategy is creating a resealable package in response to consumer habits.

What is a redesign strategy?

A redesign strategy outlines which best practices should be employed first and which should be avoided in order to achieve the goals of the redesign endeavor.

Steps to a successful redesign of business processes:

Set precise objectives.Prioritize each business process after identifying it.Make data collection and processing a regular part of your working day.A single workflow.Give authority to those in charge of processes.Single-source information collection.

In order to build the most effective product, the design strategy applies the tactical thinking of a company strategy to the needs of the user. Through innovative applications geared toward the end user, the convergence of business strategy and design thinking accomplishes long-term objectives.

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If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause a. an increase in the price of the good and an increase in the number of firms in the market. b. an increase in the price of the good but no increase in the number of firms in the market. c. no impact on either the price of the good or the number of firms in the market. d. an increase in the number of firms in the market but no increase in the price of the good.

Answers

(A) An increase in the price of the goods and an increase in the number of firms in the market.

What is the market supply curve?The link between total output and the average marginal cost of creating this output is measured by the market supply curve. One justification for sketching supply curves with P on the vertical axis is the interpretation of the market supply curve as a marginal cost curve.What happens when demand increases in a perfectly competitive market in the long run?An increase in demand generates economic profit in the short run and encourages entry in the long run in a perfectly competitive market in long-run equilibrium; a decrease in demand generates economic losses (negative economic profits) in the short run and forces some businesses to leave the industry in the long run.Growth in the number of firms in the market, as well as an increase in the price of the goods.If the long-run market supply curve for an item is perfectly elastic, an increase in demand will raise the price of the goods and increase the number of businesses in the market in the long run.Solution -

As it is given above if the long-run market supply curve for an item is perfectly elastic, an increase in demand will raise the price of the goods and increase the number of businesses in the market in the long run.

Therefore, an increase in the demand for that goodwill, in the long run, causes (A) an increase in the price of the goods and an increase in the number of firms in the market.

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A homeowner hired a contractor to finish her basement. They agreed on a price of $20,000 for the job. During the final stages of the remodeling, the contractor discovered that there was mold in the basement, the existence of which had been unknown to either party. The contractor refused to complete the job unless the homeowner paid an additional $2,000 to the contractor for removal of the mold. The homeowner reluctantly agreed, and the contractor finished the basement in accord with the modified contract. The homeowner paid the contractor $20,000. In a breach of contract action to recover the $2,000, will the contractor prevail?

Answers

The inference is that the contractor will prevail because the homeowner agreed to the price increase.

What is an inference?

It should be noted that an inference simply means the conclusion that can be deduced based on the information given.

In this base, inference is that the contractor will prevail because the homeowner agreed to the price increase.

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One of the following statements is false. Which is it? i the time horizon and size of time bucket for the master production schedule can never be longer than those of the aggregate plan. Ii aggregate plans are implemented on a rolling horizon iii aggregate plans often perform planning for fictitious/abstract products iv aggregate planning is a highly integrative activity, requiring input from many areas of the organization, such as marketing, human resources, and accounting.

Answers

The statement III Aggregate plans often perform planning for fictitious/abstract products.

Combination-making plans refer back to the method of developing, retaining, and reading the approximate scope of the operations of a commercial enterprise corporation. It commonly includes targeted profits forecasts, stock stages, and manufacturing levels.

Aggregate planning is typically finished 365 days into the destiny. a few examples of combination making plans are hiring short people, shedding employees for a selected period, or bypassing education. This works as a powerful benchmark for diploma beneficial resource utilization and implementation.

The time period mixture means that the making of plans is completed for a single traditional measure of output or, on the maximum, a few aggregated product lessons. The purpose of aggregate planning is to set traditional output ranges within the near medium destiny in the face of fluctuating or unsure needs.

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Can I Plss get some help on this

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If the unemployment rate is 10%, the relevant fiscal policy action would be to A. increase government spending.

Why should we increase government spending?

When government spending is increased, it would lead to more jobs in the economy as the government hires people for projects.

Unemployment would also decrease as companies hire more people to produce as they receive more demand based on the increased government spending.

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Carver Packing Company reports total contribution margin of $94,000 and pretax net income of $23,500 for the current month. In the next month, the company expects sales volume to increase by 5%. The degree of operating leverage and the expected percent change in income, respectively, are:\

Answers

The degree of operating leverage is 4 and the expected percentage change in income is 20%.

Contribution margin = $94,000

Pretax net income = $23,500

Degree of operating leverage = Total Contribution margin / pretax Net income

= 94,000/23,500

= 4

Increase in sales = 5%

Increase in income = Increase in sales volume x Degree of operating leverage

= 5 x 4

= 20%

Due to 5% increase in sales, income will increase by 20%.

Thus this is the answer about the degree of operating leverage and Percent change in income in a month.

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Increased flexibility, breadth and depth of knowledge and experience, and less duplication are advantages of: Group of answer choices The Functional Organization The Informal Organization The Formal Organization The Project Organization The Matrix Organization

Answers

The answer is Functional Organization.

A functional organizational structure is a structure used to organize workers.

They are grouped based on their specific skills and knowledge.

There are many advantages to employing a functional structure in your business. They include:

Increased productivitySkill developmentClarityMinimized cost of operation

Wheras, one of the disadvantage of informal organization is less depth of knowledge and experience.

Similiarly, one disadvantage of matrix organization is increased duplications.

Hence, Increased flexibility, breadth and depth of knowledge and experience, and less duplication are advantages of Functional Organization.

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A situation in which accepting one investment prevents the acceptance of another investment is called the: multiple rates of return decision. issues of scale problem. mutually exclusive investment decision. operational ambiguity decision. net present value profile.

Answers

mutually exclusive investment

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MATH!! please helppp!!!What is the slope of the line below? (i attached an image)a) (0,4) b) -1/3c) (-1.5,0)d) 3e) 4f) (0,4)g) -3h) 1/3 1. Find the volume of the pyramid.5 in11 in9 in74 Structure A is a _____. The cell membrane with an integral molecule that consists of two similar parts with a specific recess. There are many particles in the extracellular fluid. One of these particles is labeled A. Structure A is a _____. The cell membrane with an integral molecule that consists of two similar parts with a specific recess. There are many particles in the extracellular fluid. One of these particles is labeled A. solvent water molecule phospholipid transport protein solute Determine the measure of the interior angle at vertex CA. 180B. 54C. 240D. 144 One of the following statements is false. Which is it? i the time horizon and size of time bucket for the master production schedule can never be longer than those of the aggregate plan. Ii aggregate plans are implemented on a rolling horizon iii aggregate plans often perform planning for fictitious/abstract products iv aggregate planning is a highly integrative activity, requiring input from many areas of the organization, such as marketing, human resources, and accounting. Marla rents a house at the edge of the city, but soon finds that the chemicals from the nearby glue factory make it impossible for her to enjoy relaxing outside in her yard. Under what circumstances can this be considered a public nuisance The following stem-and-leaf plot represents the test scores for 26 students in a class on their most recent test. Use the data provided to find the quartiles.Stem Leaves6 0 1 2 2 4 7 87 0 1 2 5 88 3 6 6 7 9 99 0 1 2 2 2 4 5 8Key:6|0=60 Find the first quartile and third quartile Economic SurveyThe Economic Survey of India said that the government should refrain from raising exemption limits on income tax to facilitate natural growth of individual earnings and widen the taxpayers base, even as it also suggested increasing property tax.The Economic Survey 2015-16, tabled in Parliament on Friday, also called for a review and phasing out of the tax exemption raj that benefited the richer private sector and a reasonable taxation for better-off individuals. A cross-country comparison shows that India currently has the lowest number of taxpayers, it said, adding that nearly 85 per cent of the economy still remains outside the tax net.Just 5.5 per cent of earning individuals are in the tax net and the ratio should be raised to a desirable estimate of about 23 per cent, it said. Making a study of the data since Independence, the Survey said that the exemption thresholds have been raised much more rapidly than underlying income growth resulting in a widening of wedge between average income and threshold limit.One of the low hanging fruit would be to refrain from raising exemption thresholds for the personal income tax, allowing natural growth in income to increase the number of taxpayers. In some ways, this would be reform through inaction, the Survey said. It said that subsidies amounting to Rs. 1 lakh crore paid to well-off need to be scaled back. Also tax exemptions raj which often amount to redistribution toward the richer private sector will also need to be reviewed and phased out.Reasonable taxation of the better-off, regardless of where they got their income from industry, services, real estate or agriculture will also help build legitimacy, the Survey added. It also suggested that property taxation needs to be developed as sparse systematic data on property taxation shows how little attention has been given to this tax.Property taxes are especially desirable because they are progressive, buoyant and difficult to evade, since they are imposed on a non-mobile good which can be relatively easily identified, it said.Making a case for higher property tax rates, the Economic Survey said it would put sand in the wheels of property speculation.Smart cities require smart public finance and a sound property taxation regime is vital to Indias urban future, the Survey added.It said India has not fully translated its democratic vigour into commensurately strong fiscal capacity. In long run, if India is to stay on the line as its per capita income grows, it will need to build fiscal capacity.The Survey also said the governments spending priorities must include essential services that all citizens consume: public infrastructure, law and order, less pollution and congestion. It said the state should prioritise on reducing corruption and governments effort to improve transparency through transparent and efficient auctioning of public assets will help create legitimacy and over time strengthen fiscal capacity. The Survey said economic development in India lags political development.Independent India has averted famines, but chronic malnutrition is still a challenge. The Indian state can organise mega events, but routine safety for women has turned out to be more difficult to achieve. The Indian state responds effectively to floods and tsunamis but finds water and power metering more challenging, it added.Question 1 : What the case is all about? Provide the brief summary of the key issues discussed?Question 2: Do you really think that the Indias recent economic survey is against raising income tax exemption limits?Question 3: What has been said about property tax? Which type of function best models the data in the table below D=Help me please thank you:) In Python write a program that reads a list of integers into a list as long as the integers are greater than zero, then outputs the values of the list.Ex: If the input is:1053212-6the output is:[10, 5, 3, 21, 2]Code hints: while user_input >0: #This is the number that is greater than 0 from the list that is entered.print(user_numbers) #Prints out the numbers greater than zero that are inputted at the top part.