Fred’s Fun-Time Arcade Rentals-Accounting Cycle On December 1, 2018, Fred and Patsy Forrest formed a corporation called Fred’s Fun-Time Arcade Rentals. The newly formed corporation rents retro video arcade games, pinball machines, dunk tanks, photo booths, moon bounces and more for businesses, community centers, schools, group events, and parties. Fred’s Fun-Time Arcade Rentals immediately began operations by taking over the location of Arcade Alley Games, a vintage classic arcade game rental company that closed. Fred’s Fun-Time Arcade Rentals, uses the following accounts: Cash Income Taxes Payable Accounts Receivable Capital Stock Prepaid Rent Retained Earnings Unexpired Insurance Dividends Office Supplies Income Summary Arcade Game Machines Rental Fees Revenue Accumulated Depreciation: Salaries Expense Arcade Game Machines Maintenance Expense Notes Payable Utilities Expense Accounts Payable Rent Expense Interest Payable Office Supplies Expense Salaries Payable Depreciation Expense: Arcade Game Machines Dividends Payable Interest Expense Unearned Rental Fees Income Taxes Expense The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions: Dec. 1 Issued to Fred and Patsy Forrest 30,000 shares of capital stock in exchange for a total of $300,000 cash. Dec. 1 Purchased for $240,000 all of the arcade game machines formerly owned by Arcade Alley Games. Paid $90,000 cash and issued a one-year note payable for $150,000. The note, plus all 12-months of accrued interest, are due November 30, 2019. Dec. 1 Paid $15,000 to Sunshine Realty as three months’ advance rent for warehouse used to store the arcade game machines and office formerly occupied by Arcade Alley Games. Dec. 4 Purchased office supplies on account from Office Depot, $1,300. Payment is due in 30 days. (These supplies are expected to last for several months; debit the Office Supplies asset account.) Dec. 8 Received $6,000 cash as advance payment on pinball arcade game rentals from Party Planners, Inc. (Credit Unearned Rental Fees.) Dec. 12 Paid salaries for the first two weeks in December, $5,400. Dec. 15 Excluding the advance from Party Planners, Inc., arcade game rental fees earned during the first 15 days of December amounted to $22,000, of which $14,000 was received in cash. Dec. 17 Purchased on account from Arcade Restoration, Inc., $400 in parts needed to repair a dunk tank machine. (Debit an expense account.) Payment is due in 10 days. Dec. 23 Collected $2,100 of the accounts receivable recorded on December 15. Dec. 26 Rented a video poker machine to O’Malley’s Pub at a price of $150 per day, to be paid when the video poker machine is returned. O’Malley’s Pub expects to keep the video poker machine for a month. Dec. 26 Paid biweekly salaries, $5,400. Dec. 27 Paid the account payable to Arcade Restoration, Inc., $400. Dec. 28 Declared a dividend of 10 cents per share, payable on January 15, 2019. Dec. 29 Purchased a 12-month insurance policy for $6,000. The policy goes into effect on January 1, 2018. Dec. 31 Received a bill from Verizon Communications for phone service for the month of December, $700. Payment is due in 30 days. Dec. 31 Arcade game rental fees earned during the second half of December amounted to $25,000, of which $19,000 was received in cash. Data for Adjusting Entries a. The advance payment of rent on December 1 covered a period of three months. b. The annual interest rate on the note payable to Arcade Alley Games is 6 percent. c. The arcade game machines are being depreciated by the straight-line method over a period of eight years. d. Office supplies on hand at December 31 are estimated at $700. e. During December, the company earned $3,700 of the rental fees paid in advance from Party Planners, Inc. on December 8. f. As of December 31, six days’ rent on the pinball machines rented to O’Malley’s Pub on December 26 has been earned. g. Salaries earned by employees since the last payroll date (December 26) amounted to $1,600 as of month-end. h. It is estimated that the company is subject to a combined federal and state income tax rate of 30 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be paid in 2019. Instructions Perform the following steps of the accounting cycle for the month of December: 1. Journalize the December transactions. Do not record adjusting entries at this point. 2. Post the December transactions to the appropriate ledger accounts. 3. Prepare the unadjusted trial balance. 4. Prepare the necessary adjusting entries for December. 5. Post the December adjusting entries to the appropriate ledger accounts. 6. Prepare an income statement and statement of retained earnings for the year ended December 31, and a balance sheet (in report form) as of December 31 7. Prepare closing entries and post to ledger accounts. 8. Prepare an after-closing trial balance as of December 31.
In: Accounting
Describe a situation or situations where individual would look for the services of a coach. Discuss when an individual look for a coach as opposed to a state board licensed counselor.
In: Psychology
Sheffield Company began operations on January 2, 2019. It
employs 9 individuals who work 8-hour days and are paid hourly.
Each employee earns 9 paid vacation days and 7 paid sick days
annually. Vacation days may be taken after January 15 of the year
following the year in which they are earned. Sick days may be taken
as soon as they are earned; unused sick days accumulate. Additional
information is as follows.
|
Actual Hourly |
Vacation Days Used |
Sick Days Used |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
2019 |
2020 |
2019 |
2020 |
2019 |
2020 |
|||||||
| $6 | $7 | 0 | 8 | 5 | 6 | |||||||
Sheffield Company has chosen to accrue the cost of compensated
absences at rates of pay in effect during the period when earned
and to accrue sick pay when earned.
1. Prepare journal entries to record transactions related to compensated absences during 2019 and 2020. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
2019 |
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for vacations) |
|||
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for sick pay) |
|||
|
enter an account title to record payment for compensated time when used by employees |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record payment for compensated time when used by employees |
enter a debit amount |
enter a credit amount |
|
|
(To record payment for compensated time when used by employees) |
|||
|
2020 |
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for vacations) |
|||
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for sick pay) |
|||
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
(To record vacation time paid) |
|||
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
(To record sick leave paid) |
2. Compute the amounts of any liability for compensated absences
that should be reported on the balance sheet at December 31, 2019
and 2020.
|
2019 |
2020 |
|||
|---|---|---|---|---|
|
Vacation Wages Payable |
$enter a dollar amount | $enter a dollar amount | ||
|
Sick Pay Wages Payable |
$enter a dollar amount | $enter a dollar amount |
PLEASE PROVIDE STEPS AND EXPLANATION WITH ANSWERS. THANK YOU!
In: Accounting
Swifty Company began operations on January 2, 2019. It employs 11 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.
|
Actual Hourly |
Vacation Days Used |
Sick Days Used |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
2019 |
2020 |
2019 |
2020 |
2019 |
2020 |
|||||||
| $7 | $8 | 0 | 9 | 4 | 5 | |||||||
Swifty Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned.
Prepare journal entries to record transactions related to
compensated absences during 2019 and 2020. (If no entry
is required, select "No Entry" for the account titles and enter 0
for the amounts. Credit account titles are automatically indented
when amount is entered. Do not indent
manually.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
2019 |
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for vacations) |
|||
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for sick pay) |
|||
|
enter an account title to record payment for compensated time when used by employees |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record payment for compensated time when used by employees |
enter a debit amount |
enter a credit amount |
|
|
(To record payment for compensated time when used by employees) |
|||
|
2020 |
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for vacations) |
|||
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for sick pay) |
|||
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
(To record vacation time paid) |
|||
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
(To record sick leave paid) |
Compute the amounts of any liability for compensated absences
that should be reported on the balance sheet at December 31, 2019
and 2020.
|
2019 |
2020 |
|||
|---|---|---|---|---|
|
Vacation Wages Payable |
$enter a dollar amount | $enter a dollar amount | ||
|
Sick Pay Wages Payable |
$enter a dollar amount | $enter a dollar amount |
In: Accounting
In 2014, the 11th United States Court of Appeals ruled in favor of Chiquita Brands, a Cincinnati–based multinational marketer and distributor of food products—widely known for its Chiquita banana brand—which had been accused by 4000 Colombians of supporting paramilitary soldiers who had killed or tortured their relatives. The court ruled on technical grounds that the Colombians could not sue the company under the laws they had cited. “The Alien Tort Statute does not apply extraterritorially,” wrote Judge David Sentelle, and “the Torture Victim Protection Act only applies to actual people, not to corporations.”
The Colombians had sought $7.86 billion in damages, on the basis that Chiquita was responsible for the deaths of 393 victims at the hands of a paramilitary group called the United Self-Defense Forces of Colombia that Chiquita had funded through their payments. The lawsuits pointed specifically to a 1997 massacre in which 49 people were tortured, dismembered, and decapitated and another incident in 2000 in which 36 more people were killed.
The lawsuit was ironic, because Chiquita had originally made the payments to the paramilitary group to protect its Colombian employees from harm—not to put people at risk. However, once the payments had been made, Chiquita had no control over what the outlaw group did with the funds—which it had apparently used to terrorize other people in the community. “The principle upon which this lawsuit is brought,” said the Colombians’ attorney Jonathan Reiter, “is that when you put money into the hands of terrorists, when you put guns into the hands of terrorists, then you are legally responsible for the atrocities, the murders and the tortures that those terrorists commit.”
Chiquita’s problems began in the early 2000s, when the United Self-Defense Forces of Colombia attempted to extort substantial payments from the company to help fund the group’s operations. The paramilitary group made it clear that if the company did not make the payments Chiquita’s employees would be at risk. The company’s managers took these threats seriously, because they were aware that in 1995 the paramilitary group had been responsible for bombing Chiquita’s operations and murdering 17 banana workers, who had been gunned down on a muddy soccer field.
Page 112
Chiquita’s mission emphasized a strong sense of ethical performance and social responsibility. It stated that it wanted “to help the world’s consumers broaden mindsets about nutrition and bring healthy, nutritious, and convenient foods that taste great and improve people’s lives.” Therefore, it was not surprising that Chiquita’s management also wanted to protect its employees and ensure their safety while working for the company. In a handwritten note, a Chiquita executive said that such payments were the “cost of doing business in Colombia.” The company agreed to make the payments demanded by the paramilitary group, but hid the payments through a series of questionable accounting actions. From 1997 through 2004 Chiquita paid monthly “protection payments” totaling more than $1.7 million.
After the September 11, 2001, terrorist attack in the United States, the U.S. Government declared the Colombian paramilitary group to be a terrorist organization. In February 2003, a Chiquita employee informed a senior Chiquita officer that the company’s protection payments were illegal under the new U.S. terrorism laws. Chiquita officials met with their attorneys in Washington, DC, and were advised to stop the payments to the terrorist group. Yet the company continued to make the protection payments, amounting to an additional $825,000.
In the minds of the Chiquita’s executives, stopping the payments would risk the lives of their employees. Chiquita’s executives also considered but rejected the option of withdrawing operations from Colombia. But in a surprising move in April 2003, Chiquita decided to disclose to the Department of Justice that the company was still making payments to the Colombian paramilitary group. The company told the government that the payments were made under the threat of violence against them and their employees.
The Justice Department informed Chiquita that these payments were illegal, yet the company continued to make the payments. In 2007 Chiquita Brands International pleaded guilty to one count of the criminal charge of engaging in transactions with a designated global terrorist group and agreed to pay a $25 million fine.
In explaining its actions, a company spokesperson stated that “Chiquita and its employees were victims and that the actions taken by the company were always motivated to protect the lives of our employees and their families.” He added, “Our company had been forced to make protection payments to safeguard our workforce. It is absolutely untrue for anyone to suggest that these payments were made for any other purpose.”
Sources: “Chiquita Brands International Pleads Guilty to Making Payments to a Designated Terrorist Organization and Agrees to Pay $25 Million Fine,” U.S. Department of Justice Press Release, March 19, 2007, www.justice.gov/opa/pr/2007/March/07_nsd_161.html; “Colombian Families’ Suit Says Chiquita Liable for Torture, Murder,” CNN.com, February 14, 2007, www.cnn.com/2007/US/law/11/14/chiquita.lawsuit; “Chiquita Sued Over Colombian Paramilitary Payments,” The Sacramento Bee, May 30, 2011, www.sacbeee.com; and “US Appeals Court Says Colombians Cannot Sue Chiquita,” BBC News, July 24, 2014, www.bbc.com/news/world-latin-america-28469357.
Discussion Questions
Do you agree with the 11th U.S. Court of Appeals ruling that cleared Chiquita of any liability for the victims killed by the paramilitary group that Chiquita funded? Construct an ethical argument that supports your view.
Using each of the four methods of ethical reasoning (see Figure 5.6), was it ethical or not for Chiquita to pay the terrorist organization when payments were demanded in the early 2000s?
Should the U.S. ban against supporting terrorist groups, imposed after the September 11, 2001, attacks in the United States, be applied in this situation? Why or why not?
Is there anything that Chiquita could have done to protect its employees adequately without paying the terrorists?
Should Chiquita be assessed a penalty that puts the firm out of business for their actions?
In: Economics
39/ Named perils coverage protects the home and any other structures on the property against
A.only those events named by the homeowner's policy
B.loss reported to law enforcement agencies
C.events except those that are specifically excluded by the homeowner's policy
D.loss from theft and disaster damage
41/ In general, insurance companies generate their profit from
A.overestimating the value of client claims and keeping the difference as profit.
B.only insuring people who are low risk to claim.
C.selling a lot of certain kinds of highly profitable insurance products.
D.investing the proceeds of premiums until the funds are needed to cover claims.
43/ The cash value is the
A.income stream for the policy owner.
B.insurance dash related expenses incurred by a life insurance company
C.investment option for beneficiaries.
D.portion of the premium that is invested by the insurance company on behalf of the policy owner
In: Finance
Prepare "T" Accounts in ACCRUAL and CASH basis the Income statement, Statement of Retained Earnings and Balance Sheet, after reading the following information below.
Richard Brandt graduated from York University with his BAS
although he spent more time in the gym than in the classrooms and
libraries. His parents and grandparents were very proud and happy
of this achievement. As a graduation gift, Richard's Grandparents
gave him $20,000 to start his own business.
So, on September 1, 2015, Richard started a small business called
"Ricky Rock Wrestling for Fun". "Ricky Rock" offers a party package
designed for active kids, teen and adults that want to learn and
practice wrestling activities for fun by learning how to perform
headlocks, leg scissors and other tricks.
As a student, he learned and practiced Greco-Roman wrestling and
built an impressive body. Now graduated from university he has
decided to continue with his passion of wrestling but added a spin
to make money. In one tournament in 2013 Richard meet Linda who was
competing for a US university team and she mentioned that she was
working on girls birthday parties focused on wrestling. In June
2015 Richard contacted Linda and told her about his idea and Linda
shared with him all documentation she has prepared in these years
including: brochure to be distributed to potential customers,
personal cards, party themes, parties activities, schedules and
agendas, etc. During August Richard has completed his business plan
and was ready to launch 'Ricky Rock Wresting for Fun' in the
GTA.
The following is a list of transactions that occurred during the
first month of operations:
September 1st Opened a business bank account with the $20,000
received as a gift from the Grandparents $20,000.
September 1st Signed 12 month commercial insurance contract for any
liability that might emerge from the activity, $600 per month for 1
year.
September 2nd Purchase in cash costumes of famous wrestlers to wear
at parties. The costumes can last one full year $600.
September 3rd Paid in cash the set up of the web site. It expects
to last the whole life of this business $2,000.
September 4th Collected the brochures and presentation cards to be
used in promoting the business. One third is paid in cash while the
rest will be paid on October 5th $450.
September 5th First event organized and delivered. Birthday party
for a 5 years old boy. Received the payment in cash $1,000.
September 6th Second event organized and delivered as part of a
series of activities organized by a charity to raise funds. One
third is paid in cash while the rest will be paid by the Charity
Organization on October 5th $3,000.
September 8th Labour day, no events, no work so Richard goes to the
gym and does a double routine (the rest of the days he just does a
simple routine of 2.5 hours).
September 12th Third event organized and delivered. Birthday party
for a 7 years old boy. Parents promise to pay in a few days
$1,000.
September 15th Pays first 2 months of insurance $1,200.
September 19th & 20th Fourth event organized and delivered.
Provided one of the activities of a corporate team building
extravaganza weekend. The contract signed says the payment will be
effective in 30 days with a cheque $2,000.
September 23rd Paid the gym membership for September, October,
November and December $2,000.
September 24th Telephone bill for $200 was received for the month
of September, payment due October 5th $200.
September 26th Fifth event organized and delivered. Birthday party
for a 4 years old boy. Received payment in cash $1,000.
September 26th One of the parents at the birthday party for a 4
years old boy hires him for his son's birthday party on October
10th. Received payment in cash $500.
September 27th Sixth event organized and delivered. Birthday party
for a 6 years old boy. Received payment in cash $1,000.
September 29th Received the payment for the birthday party for the
7 years old boy of September 12th $1,000.
September 30th Richard pays to his parents a rent for using the car
for business purposes and to go and come back from the gym
$200.
September 30th Richard promised to pay on October 6th to his
parents the extra charge that comes in the insurance premium of
their cars for having him as an additional driver (male under 25)
$800.
Additional information: September 30th Inventory of brochures and
cards showed that two thirds of them are still available (not used)
$300.
ACCRUAL accounting:
| Revenues | Cash |
| Telephone Expense | Brochures |
| Car Rent Expenses | Accounts Receivables |
| Car Rent Insurance Expense | Prepaid Insurance |
| Costumes Expense | Prepaid Gym Membership |
| Brochures Expense | Costumes |
| Gym Membership Expense | Accumulated Depreciation Costumes |
| Insurance Expense | Web Site (intangible asset) |
| Advances From Customers | Accounts Payable |
| Owner's Equity | Costumes Depreciation Expense |
| Telephone Payable |
CASH accounting:
| Revenue | Expense on Web site |
| Car rent expenses | Insurance Expense |
| Car Rent Insurance Expense | Gym Membership Expense |
| Costumes Expense | Brochures Expense |
| Telephone Expense | Cash |
| Owner's equity | Costumes Depreciation Expense |
| Advances From Customers | Accounts Payable |
In: Accounting
Acme Development Company is considering building a twenty-five (25) unit apartment building near Catholic University due to the demand for off-campus student housing. Given the unique needs of the student population, Acme anticipates they will achieve 75% occupancy over the course of a year. Acme is basing their decision on the following assumptions:
MARR:15%
Land Acquisition:$150,000
Construction Cost:$2,250,000
Investment Period:20-years
Maintenance Expenses:Years 1 to 10: $500 per unit, Years 11 to 20: $1,000 per unit
Property Taxes/Insurance:10% of total invested cost
Determine the break-even rent that should be charged per month for
each apartment.
In: Economics
Describe the five steps in an ethical analysis. Below are the guidelines of answer. DO NOT use guidelines below as the answer of question. Please use your own answer with provide example with each step.
Five steps
1. Identify and describe clearly the facts. Find out who did what to whom, and where, when, and how. In many instances, you will be surprised at the errors in the initially reported facts, and often you will find that simply getting the facts straight helps define the solution. It also helps to get the opposing parties involved in an ethical dilemma to agree on the facts.
2. Define the conflict or dilemma and identify the higher-order values involved. Ethical, social, and political issues always reference higher values. The parties to a dispute all claim to be pursuing higher values (e.g., freedom, privacy, protection of property, and the free enterprise system). Typically, an ethical issue involves a dilemma: two diametrically opposed courses of action that support worthwhile values. For example, the chapter-ending case study illustrates two competing values: the need to improve health care record keeping and the need to protect individual privacy.
3. Identify the stakeholders. Every ethical, social, and political issue has stakeholders: players in the game who have an interest in the outcome, who have invested in the situation, and usually who have vocal opinions. Find out the identity of these groups and what they want. This will be useful later when designing a solution.
4. Identify the options that you can reasonably take. You may find that none of the options satisfy all the interests involved, but that some options do a better job than others. Sometimes arriving at a good or ethical solution may not always be a balancing of consequences to stakeholders.
5. Identify the potential consequences of your options. Some options may be ethically correct but disastrous from other points of view. Other options may work in one instance but not in other similar instances. Always ask yourself, “What if I choose this option consistently over time?”
In: Operations Management
Achen and Bartels argue that the 1918 Spanish Flu epidemic didn’t really affect the 1918 US election because there was no social consensus about how bad the epidemic was or who’s fault it was. Are either of these conditions present today, especially in the USA? Does the theory of Achen and Bartels tell us anything about the 2020 Covid-19 pandemic?
to answer this question, I feel that both of the conditions mentioned by Achen and Bartel may not be as relevant when speaking on the COVID-19 pandemic. With the rise of social media and public documentation of various crisis', it seems that people are aware of just how bad this problem is. While there are bound to be people who are ignorant of the facts and statistics surrounding COVID, for the most part, I feel the public has been aware and responded according to how severe of a problem it really is. The other condition seems to be answered as well to some extent, given that the cases originated in China and have been linked to various areas and possible means of spreading. What's interesting is to consider it's effect on the American election taking place this year. While a large number of people would argue that the response from the Republican party to the COVID pandemic has been sub-par, there are others that may take Donald Trump's apparent disdain for China as a sign of strength, a political battle cry, if you will. It's still a few months until we will really see the effects of the pandemic on this election, but I'm certain that for the most part, this pandemic has been mostly negative for the ruling party, in contrast to Canada where I feel that support for the Liberal government has grown as a result of their response to the pandemic.
give feedback to this answer.
In: Economics