The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain: A debit to Cash Short & Over for $5 option C.
A petty cash fund's main objective is to give company units enough money to pay for little expenses. The purpose is to make it easier for staff workers and visitors to get reimbursed for little costs like taxi rides, stamps, office supplies, and other things that often don't cost more than $25.00.
When sending a check or using a company credit card is impractical or undesirable, petty cash offers ease. The tiny sum of money that a business deems petty will vary; many businesses maintain a petty cash pool of between $100 and $500. The following are some examples of transactions that a petty cash fund is used for:
office equipmentCards for clientsFlowerspurchasing a catered lunch for a few employeesPaying an employee back for minor business-related costsLearn more about Petty Cash Fund:
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Complete question:
The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain:
a. a credit to Cash Short & Over for $5
b. a credit to Petty Cash for $80
c. A debit to Cash Short & Over for $5
d. a debit to Petty Cash for $80
You have been stranded on a deserted island and need to survive by collecting firewood and fishing for food.
There are 12 hours of daylight with which you may work to collect firewood and fish. With each hour, you can collect 8 logs per hour or 250 calories of fish per hour.
To survive, each day you must collect 32 logs and 2000 calories of fish.
question:
If you spend all your time fishing, you will be able to collect ___?___ calories of fish.
If you spend all your time fishing, you will be able to collect 3000 calories of fish.
If you spend all your time fishing, you will be able to collect 3000 calories of fish. Here's how to calculate the answer:
In a day, there are 12 hours of daylight. If you spend all your time fishing, you can spend 12 hours fishing. In an hour, you can collect 250 calories of fish.
Therefore, in 12 hours, you can collect:250 calories/hour × 12 hours = 3000 calories
In conclusion, if you spend all your time fishing, you will be able to collect 3000 calories of fish.
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what is the incidence of the tax on consumers and the monopolist if the incidence of the tax is defined as the price rise experienced by consumers divided by the amount of the tax, t?
The incidence of the tax on consumers and monopolist: When defining the incidence of the tax on consumers and the monopolist
the incidence of the tax is defined as the price rise experienced by consumers divided by the amount of the tax. In another way, The incidence of the tax is the amount of the tax burden that falls on consumers when the price of a good or service is increased as a result of the tax.Tax incidence refers to the division of the tax burden between consumers and producers.
The incidence of the tax is computed as follows: (Price increase/Tax amount) × 100 percent
For monopolists, the incidence of the tax is computed as follows: (Price increase + reduction in quantity sold) / Tax amount × 100 percent.
In conclusion, the incidence of the tax on consumers and the monopolist if the incidence of the tax is defined as the price rise experienced by consumers divided by the amount of the tax, t, is defined by the formulas outlined above.
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for a small-to-medium enterprise, the benefits of setting up an e-commerce store front include: (choose all that apply)
For a small-to-medium enterprise, the benefits of setting up an e-commerce storefront include: Reduced overheads, Lower expenses, Greater customer engagement, Improved scalability and Improved analytics
Reduced overheads: For a business, having a physical store front can be costly in terms of rent, utilities, and other expenses. With an e-commerce storefront, a company may avoid these expenditures, lowering its overhead.
Lower expenses: Setting up an e-commerce storefront is frequently less expensive than opening a physical store. The cost of hiring employees, purchasing a storefront, and paying for rent, utilities, and other expenses is avoided by an online store.
Greater customer engagement: Because it is easier for consumers to shop from the comfort of their own homes, e-commerce stores frequently attract a larger customer base than physical stores.
Improved scalability: E-commerce storefronts may be easily scaled up or down depending on the amount of business being generated. This provides firms with greater flexibility in terms of how they respond to market changes.
Improved analytics: E-commerce storefronts enable firms to gather and analyze vast amounts of data about their clients, allowing them to optimize their marketing efforts and tailor their offerings to meet their needs.
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donald and martina decided to purchase a newly built home, and their agent, ed, recommended that they get a professional home inspection done. the couple tells ed that they thought inspections were only for older homes. how should ed respond to that?
Ed should explain to Donald and Martina that even new homes can have defects or problems that may not be visible to the , and that a professional inspection.
What is the name for a false declaration of a material fact?A misrepresentation is a false statement of a material fact made by one party that affects the other party's choice to engage into a contract. If the fraud is revealed, the agreement can be ruled illegal. Depending on the situation, the individual who has suffered harm may seek damages.
What is the name for a factual lie?A false declaration of a material fact, or behavior that induces the belief of a material fact, necessary to a correct comprehension of the subject at hand, is referred to as a "misrepresentation of fact" and is done with the aim to deceive or mislead.
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All of the following statements about subsidies and positive externalities are true, except: select the correct answer below:
- the government should not want the party creating the positive externality to receive a greater share of the social benefits. - in the case of vaccines, an effective government public policy might be to provide a subsidy to those who choose to get vaccinated.
- when the government uses a subsidy to those who choose to get vaccinated, it can produces the socially optimal quantity of vaccinations.
- none of the above; all of the statements are true.
All of the statements about subsidies and positive externalities mentioned above are true. Subsidies can be an effective government public policy to help address positive externalities, such as the production of vaccines.
By providing a subsidy to those who choose to get vaccinated, the government can help ensure that the socially optimal quantity of vaccinations is reached.
This helps to ensure that the social costs of not vaccinating are minimized. Additionally, it can also help to ensure that the party creating the positive externality receives a proportionate share of the social benefits.
Therefore, it is important for the government to properly utilize subsidies to address positive externalities and help ensure that the social costs and benefits are balanced.
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one benefit of best buy teen tech centers is that they help individuals build connections with others. what career readiness competency does this primarily help build?
The benefit of Best Buy's Teen Tech Centers that help individuals build connections with others primarily helps build the career readiness competency of social intelligence. Option C is correct.
Social intelligence is the ability to effectively navigate and interact with others in a variety of social situations. Best Buy's Teen Tech Centers provide a safe and inclusive space for young people to learn about technology while also connecting with peers and mentors.
By interacting with others in this environment, young people can develop communication skills, emotional intelligence, and cultural awareness, all of which are critical components of social intelligence. These skills are essential for success in the workplace, as they enable individuals to build relationships, collaborate effectively, and navigate complex social dynamics.
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rank the left side assets from the most liquid (1) to the least liquid (3) us treasury note house modern gold coins 1) most liquid 2) liquid 3) least liquid
The rank of Most liquid to least liquid would be: 1) Modern Gold coins 2) US Treasury Note 3) House
The most liquid is Modern gold coins followed by US Treasury Note and last is House which is the least liquid.
Modern gold coins are the most liquid of the three options because they are the simplest to sell on the bullion market and have a universally acknowledged value. Modern gold coins are highly liquid assets because they are readily convertible into cash and have a high degree of divisibility.
US Treasury note: This highly liquid asset is regarded as a safe haven asset and can be easily sold on the financial markets. The US Department of Treasury has issued the US Treasury note, debt security, and there is a thriving secondary market where investors can buy and sell them.
House - It can take a while to sell and its value can be very reliant on market conditions, making it the least liquid asset among the three choices. Finding a buyer, negotiating the sale, and completing the necessary paperwork are all time-consuming steps in the lengthy process of selling a home. These steps can take months.
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what are at least 5 things you need to make sure you understand before selling your first item online to be compliant with regulations?
In order to be compliant with regulations when selling your first item online, it is important to understand the following five things: Taxes, Regulations, Shipping, return Policy and Privacy and data security.
1. Taxes: Depending on your location and the type of product being sold, there may be certain taxes that need to be collected and paid on the item. It is important to research and understand the applicable taxes in your area.
2. Regulations: Depending on the type of product being sold, there may be additional regulations and laws that need to be complied with. Make sure to research and understand all applicable regulations for the type of product you are selling.
3. Shipping: If you are shipping the item, make sure you understand all applicable shipping regulations, as well as any applicable fees or taxes. Additionally, make sure you understand the process of packaging and shipping the item.
4. Return Policy: Establish a clear return policy that is compliant with all applicable laws and regulations. This policy should include details on the process for customers to return the item, the timeline for processing the return, and any associated fees.
5. Privacy and Data Security: Ensure that you are protecting the privacy of your customers and that all data is secure. This includes following any applicable laws and regulations, as well as utilizing secure payment gateways and other data protection measures.
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garth corporation is a profitable company that sells a single product. if the selling price per unit and the variable expense per unit both increase by 10% and fixed expenses do not change, then:
Garth Corporation is a profitable company that sells a single product. If the selling price per unit and the variable expenses per unit both increase by 10%, and the fixed expenses remain the same, then the company’s profits will increase.
A 10% increase in the selling price per unit means that Garth Corporation will make more money from each product sold. This increase in revenue will offset any increase in variable expenses, such as production costs, because these costs are incurred as a result of producing and selling the product.
However, this increase in revenue may not be enough to cover the company’s fixed expenses. If Garth Corporation’s fixed expenses are higher than the amount of money they will make from the 10% price increase, then the company will not experience a profit increase.
Therefore, it is important for Garth Corporation to evaluate the financial impact of any price or expense changes before making a decision. They should consider their fixed costs, the expected revenue from the increase, and the impact of any potential expenses. Once they have determined that the changes will have a positive effect on the company’s profits, they can make the decision to move forward with the changes.
In conclusion, if the selling price and variable expenses increase by 10% and fixed expenses remain the same, then Garth Corporation may experience an increase in profits, depending on their evaluation of the changes.
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[chapter 19] assume that price controls are imposed on the healthcare sector. what problem occurs when a new surgical technique is developed that reduces the time and effort required by a surgeon to perform the same procedure?
Assuming that price controls are imposed on the healthcare sector, the issue that arises when a new surgical technique is developed that reduces the amount of time and effort required by a surgeon to complete the same procedure is the following:
According to the current pricing arrangement, a surgeon will be paid the same for a new and improved procedure as he or she would be for the old procedure, even if it requires less time and effort to perform. This would result in a significant reduction in surgical techniques' quality of care since they are now paid at a lesser rate. Surgeons will lose their motivation to improve their practices and will begin to perform operations that are not only outdated but also inefficient. There will be little incentive for the adoption of new surgical techniques that may reduce the time and effort required to complete an operation. In the long run, patients will suffer as a result of the lack of innovation, and the quality of healthcare will suffer as well. There will also be a reduction in research and development, which will have a detrimental impact on the healthcare industry as a whole.
Therefore, the best way to encourage the adoption of new surgical techniques is to improve healthcare pricing policies, which will benefit both patients and surgeons. Better pricing strategies would incentivize innovation and reward those who contribute to the healthcare industry's growth and development. Thus, the healthcare sector requires updated pricing policies that value innovation and efficiency and support research and development.
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buying stock on margin meant purchasing only a few shares. purchasing inexpensive stock. making only a small down payment. purchasing little-known stock.
Buying stock on margin meant making only a small down payment.
What is a margin?A margin is a form of debt security in which an investor borrows funds from a broker to buy shares. It's the collateral that the investor uses to trade equities. The investor only pays a portion of the purchase price, which is referred to as a margin deposit, while the broker provides the remainder by lending money.
Margin trading amplifies gains and losses by allowing you to buy more shares than you could without using margin. The danger of loss from buying on margin arises when the stock price falls below the margin account's collateral value, causing the broker to issue a margin call.
The brokerage may issue a margin call if the stock price drops, requiring you to deposit more money or sell some or all of your shares. The broker is a stockbroker who purchases and sells securities for their own account or on behalf of others. The investor who trades on margin is required to keep a margin account with the broker who lent the funds.
When you trade on margin, you borrow money from the broker to buy shares that you otherwise couldn't afford. You're using debt to increase your investment's earning power. Therefore, buying stock on margin meant making only a small down payment.
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Fordham Hardware is known for its consensus buying center culture. Recognizing this corporate culture, someone attempting to sell to Fordham Hardware should:
attempt to facilitate the collective agreement of all members of the buying center.
Fordham Hardware is known for its consensus buying center culture. Recognizing this corporate culture, someone attempting to sell to Fordham Hardware should attempt to facilitate the collective agreement of all members of the buying center. The correct option is D.
Consensus buying center: A buying center where all team members must concur in order for them to each support a specific purchase.
Before supporting a specific purchase in a consensus buying center, all members of the buying team must come to a consensus. Adopting a consensus buying center culture has a number of advantages, including:
Risks are minimized, particularly when purchasing intricate or highly specialized goods or services. There are alternatives to extremes. encourages participation from various employees in the buying center because decisions that were reached by consensus are more likely to be accepted than those that are imposed. The correct option is D.
The question is incomplete, complete question "Fordham Hardware is known for its consensus buying center culture. Recognizing this corporate culture, someone attempting to sell to Fordham Hardware shouldA. focus exclusively on the head of the buying center.B. address the concerns of all members of the buying center with particular attention to those of the decision maker.C. focus on providing information to and making the sales approach to the one decision maker.D. attempt to facilitate the collective agreement of all members of the buying center.E. attempt to get one "friend" on the committee to support his products."
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taxes influence many types of business decisions but generally do not influence personal decisions. group startstrue or false
The statement "taxes influence many types of business decisions but generally do not influence personal decisions." is true as it describes correct information about taxes influence.
Taxes influence many types of business decisions, such as decisions on where to locate the business, what types of investments to make, and what types of products or services to offer. However, taxes generally do not influence personal decisions, such as what type of car to buy or where to go on vacation.
Taxes may, however, affect personal decisions indirectly, by influencing a person’s income or financial resources. For example, higher taxes can reduce the amount of disposable income a person has to spend, and thus could influence decisions on what type of car to buy or where to go on vacation.
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the marginal propensity to consume is: group of answer choices normally expected to be between zero and one. normally assumed to increase as disposable income increases. normally assumed to decrease as disposable income increases.
The MPC measures the increase in consumer spending due to an increase in disposable income and is normally expected to be between 0 and 1. However, it typically decreases as disposable income increases due to increased savings.
The increase in consumer spending brought on by a rise in disposable income is quantified by the economic concept known as the marginal propensity to consume (MPC). It shows how much extra money customers spend on products and services. As people typically spend some of any gain in their disposable income, the MPC is typically predicted to be between zero and one.
However, it is commonly believed that the MPC will decline as disposable income rises, which means that as people become wealthier, they will tend to save a greater percentage of their income. Because people tend to have their essential needs and want to be met as their discretionary income rises, they may decide to save more of their increased money rather than spend it.
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returning to problem 3, what if inspection is done by the seat manufacturer in combination with assembly? how does this influence analysis of problem 1?
If inspection is done by the seat manufacturer in combination with assembly, then it will have an influence on the analysis of problem 1. This is because the seat manufacturer's inspection may reveal defects in the seat before it is assembled, allowing for the correction of the defect prior to assembly. This may prevent the assembly of a seat with a defect, thus improving the overall quality of the seat.
The seat manufacturer's inspection is done in combination with assembly, it may reveal defects in the seat before it is assembled, allowing for the correction of the defect prior to assembly, which can improve the overall quality of the seat.
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which of the following is an accurate formula for the mankiw rule to calculate the federal funds rate? the function of the real federal funds rate, inflation rate, inflation gap, and the gdp gap the function of the consumer price index core inflation rate over the previous 12 months and the gdp gap the function of the consumer price index core inflation rate over the previous 12 months and the seasonally adjusted unemployment rate
The accurate formula for the Mankiw Rule to calculate the Federal Funds Rate is the following: Real Federal Funds Rate = Inflation Rate + Inflation Gap + GDP Gap.
What is mankiw rule?Mankiw’s Rule is a macroeconomic policy proposed by Harvard professor and former Chairman of the Council of Economic Advisers, Gregory Mankiw. The rule states that governments should try to keep the nominal rate of growth of the money supply at a rate that is equal to the long-term rate of growth of the economy’s output plus the inflation rate. This policy aims to ensure that the economy is stable and that the purchasing power of money is maintained over time.
Real Federal Funds Rate = Inflation Rate + Inflation Gap + GDP Gap, where Inflation Rate is the Consumer Price Index Core Inflation Rate over the previous 12 months and GDP Gap is the seasonally adjusted unemployment rate.
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katrina works for penny's pickles, which offers a 401(k) match for up to 3% of her salary, which is $65,000 per year. in her budget, she only has $150 per month available to save for retirement. what should she do?
She should d) Contribute the full $150/mo to the 401(k) because her company will match that full amount, "doubling" her investment every month.
The employer's contribution is equivalent to the employee's contribution up to 3% of the employee's pay. If the employee contribution is greater than a particular amount, the employer will only contribute 3% of the wage.
The corporation gives $65,000 annually when each employee contributes 3% of their salary. So, in order for her employer to match that amount, which is a maximum of 3% of her pay, she must make a contribution to her 401(k).
Employer's contribution is equivalent to Employee's contribution for upto 6% of employee's salary. Employer will only contribute 6% of salary if employee contribution is greater than a certain percentage.
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Correct question:
Katrina works for Penny's Pickles, which offers a 401(k) match for up to 3% of her salary, which is $75,000 per year. In her budget, she only has $150 per month available to save for retirement. What should she do?
a) Contribute her $150/mo to Social Security -- it's the best way to make sure she gets her money back
b) Contribute $75/mo to her 401(k) and $75/mo to an IRA, so that she's diversified.
c) Save up money in a bank account until she has enough to max out her 401(k), and then invest.
d) Contribute the full $150/mo to the 401(k) because her company will match that full amount, "doubling" her investment every month.
) what apr did you receive, if the interest was compounded semiannually? (b) what apr did you receive if the interest was compounded monthly?
(a) The APR you received if the interest was compounded semiannually is 3.82%.
(b) The APR you received if the interest was compounded monthly is 4.04%.
Explanation:
Given:
Present value (principal) (P) = $5000
Number of years (t) = 5
Interest rate (r) = 3.7% per annum
Interest compounded: (a) Semiannually (b) Monthly
To find:
(a) APR if the interest is compounded semiannually.
(b) APR if the interest is compounded monthly.
Solution:
According to the formula for future value, A=P(1 + r/n)^(n×t), where A is the amount at the end of the term, P is the principal, r is the annual interest rate, t is the time in years, and n is the number of compounding periods per year.
(a) For interest compounded semiannually, n=2
A=P(1 + r/n)^(n×t)= 5000(1 + 0.037/2)^(2×5)= $6457.22
Using the formula for the annual percentage rate (APR), we get:
APR = n × [(A/P)^(1/nt) - 1]
= 2 × [(6457.22/5000)^(1/(2×5)) - 1]
= 3.82%
(b) For interest compounded monthly, n=12
A=P(1 + r/n)^(n×t)= 5000(1 + 0.037/12)^(12×5)= $6494.36
Using the formula for the annual percentage rate (APR), we get:
APR = n × [(A/P)^(1/nt) - 1]
= 12 × [(6494.36/5000)^(1/(12×5)) - 1]
= 4.04%
Therefore, (a) The APR you received if the interest was compounded semiannually is 3.82%. (b) The APR you received if the interest was compounded monthly is 4.04%.
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while a limited partnership interest is transferable, the transferee will become a limited partner if: a. the other members consent. b. he has consented to the organizational character. c. he has paid fair market value. d. he has also donated services.
While an interest in a limited partnership can be transferred, the person who transfers it will become a limited partner if: a. The consent of the other members .
How can you join a limited partnership?You must register as a limited partnership in your state, pay a filing fee, and draft a limited partnership agreement outlining the partnership's other terms, including how much ownership each limited partner has in your business. A business that has more than one owner, including at least one general partner and at least one limited partner, is considered to be a limited partnership. The general partner is in charge, taking personal responsibility for the debts and lawsuits of the company as well as making business decisions. Limited partners are merely shareholders in the company; they don't have control of everyday activities, and they're just responsible for however much they put resources into the organization. Like the general partner, limited partners can lose their limited liability and be held fully liable for the company's debts and lawsuits if they take an active role in running the business.
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tricia is saving for a down payment on a car. if she has $3000 that she invests in an account that draws 8% interest compounded quarterly, how long will it take that account to double?
It will take Tricia's account approximately 8.66 years (or about 8 years and 8 months) to double at an interest rate of 8% compounded quarterly.
To determine how long it will take for Tricia's account to double, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)where:
A = the amount after time tP = the principal (initial investment)r = the interest rate (as a decimal)n = the number of times the interest is compounded per yeart = the time (in years)In this case, Tricia invests $3000 at an interest rate of 8% compounded quarterly. So we have:
P = $3000r = 0.08 (8% expressed as a decimal)n = 4 (quarterly compounding)t = the time we want to findWe want to find the time it takes for the account to double, so we set A = 2P = $6000 and solve for t:
2P = P(1 + r/n)^(nt)2 = (1 + 0.08/4)^(4t)
2 = 1.02^(4t)
ln(2) = ln(1.02^(4t))
ln(2) = 4t ln(1.02)
t = ln(2)/(4 ln(1.02))
t ≈ 8.66
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1. Why should you be considered for leadership? What skills do you have that will help make our program be successful? How would you describe your Leadership Style
2. how will you balance your schedule to ensure you are available to help with school functions?
3. Leadership students will collaborate with each other to plan, decide, and execute events - how do you manage disagreements between yourself and others?
The capacity for delegation, inspiration, and good communication are all important leadership traits. Honesty, assurance, dedication, and innovation are further qualities of a leader.
What part does the leader play in settling disputes and negotiating?In order for all sides to start working towards a settlement that will benefit everyone, effective leaders are adept at bringing conflict situations into the open. They handle conflicts in a way that allows for the potential to forge fruitful connections.IT leaders are sometimes expected to be masters of all trades.
An alternate option to set up a school year is using a balanced calendar, which spreads out shorter educational vacations throughout the year instead of bundling them into a lengthy summer break.
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which of the following would cause the supply curve to shift to the right? group of answer choices an increase in the price of the product. an increas
The shift of the supply curve is caused by various factors. Some of these factors include a change in the number of producers, the cost of production, and so on. Therefore, based on the provided options, the correct answer to the question is an increase in the number of producers.
What is a supply curve?A supply curve is a graphical representation of the relationship between the quantity supplied of a good or service and its price. It is a visual representation of the law of supply which suggests that as the price of a good or service increases, the quantity supplied will also increase.The shift of the supply curve to the right indicates an increase in the quantity supplied for a particular good or service. This can be as a result of an increase in the number of producers, a decrease in the cost of production, an increase in technological advancement, or any other factor that would encourage an increase in supply.
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expansionary fiscal policy includes: group of answer choices increasing the money supply. decreasing government expenditures. increasing taxes. decreasing taxes.
Expansionary fiscal policy includes "increasing government expenditures" to stimulate economic growth and reduce unemployment rates by injecting more money into the economy. Thus, Option C is correct.
While decreasing government expenditures and increasing taxes would be considered contractionary fiscal policy, which is used to control inflation and slow down the economy.
Expansionary fiscal policy can also involve tax cuts to boost disposable income and encourage consumer spending. Additionally, expansionary fiscal policy can lead to an increase in government borrowing, which can raise interest rates and potentially increase inflation. It is typically used during times of economic downturn, such as recessions, to stimulate the economy and promote growth.
However, it is important to note that expansionary fiscal policy can also lead to budget deficits and long-term debt if not carefully implemented and managed.
This question should be provided as:
Expansionary fiscal policy includes:
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green company sponsors a defined benefit pension plan. the pension formula is calculated based on the following formula: 1.5% x number of service years x final salary. the assumed discount rate is 5%. if an employee is expected to retire in 10 years with a final annual salary of $200,000, has earned 20 years of service, and is expected to receive an annual pension for 20 years, the current pbo rounded to the full dollar will be
As per the given pension, the current PBO rounded to the full dollar for the employee in question is $13,884.
In this case, the employee has 20 years of service and a final salary of $200,000, so the pension payment amount would be:
Pension payment amount = 1.5% x 20 x $200,000 = $60,000
To calculate the PV factor, we need to use the discount rate and the number of years until the pension payments begin. In this case, the employee is expected to retire in 10 years and receive pension payments for 20 years, so the total number of years is 30.
PV factor = 1 / (1 + discount rate)ⁿ
PV factor = 1 / (1 + 0.05)³⁰ = 0.2314
Finally, we can calculate the PBO by multiplying the pension payment amount by the PV factor:
PBO = $60,000 x 0.2314 = $13,884
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what is the percentage change in industrial production for greece from 2007 to 2009? from 2007 to 2018?
the percentage change in industrial production for greece from 2007 to 2009 is -20.81% and from 2007 to 2018 is 19.47%.
Industrial production is a measure of the output of industrial activities in a country, such as mining, manufacturing, and electricity generation.
In Greece, the percentage change in industrial production from 2007 to 2009 and from 2007 to 2018 is as follows:
From 2007 to 2009: In Greece, the industrial production index decreased from 104.1 in 2007 to 82.4 in 2009. This represents a percentage decrease of (82.4-104.1)/104.1 x 100% = -20.81%
.From 2007 to 2018: In Greece, the industrial production index increased from 98.1 in 2007 to 117.2 in 2018. This represents a percentage increase of (117.2-98.1)/98.1 x 100% = 19.47%.
Greece, like many other countries, experienced a significant decline in industrial production during the global financial crisis of 2008-2009. However, the country's industrial production has since recovered, as evidenced by the positive percentage change from 2007 to 2018.
Industrial production is an important measure of a country's economic health, as it indicates the level of output and productivity in key sectors of the economy. It can also be an indicator of future economic growth, as increases in industrial production can lead to job creation and higher levels of consumption.
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the following data were extracted from the income statement of shriver inc.: current yearprior year sales$1,124,200 $1,169,500 beginning inventories79,106 55,364 cost of merchandise sold562,100 649,700 ending inventories71,506 79,106 a. determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. round interim calculations to the nearest dollar and the final answers to one decimal place. assume 365 days a year. current yearprior year 1. inventory turnoverfill in the blank 1 fill in the blank 2 2. number of days' sales in inventoryfill in the blank 3 daysfill in the blank 4 days b. the inventory turnover has , while the number of days' sales in inventory has . the sales volume has faster than the inventory, resu
The following data were extracted from the income statement of shriver inc for current year: 1) Inventory turnover is 7.6, 2) Number of days' sales in inventory is 48.0 days For Prior year: 1. Inventory turnover is 9.3, 2) Number of days' sales in inventory is 39.2 days b. The inventory turnover has decreased from 9.3 to 7.6, while the number of days' sales in inventory has increased from 39.2 days to 48.0 days.
Current year:
1. Inventory turnover: To calculate inventory turnover, use the formula (Cost of Merchandise Sold) / ((Beginning Inventory + Ending Inventory) / 2). So, for the current year, the inventory turnover is (562,100) / ((79,106 + 71,506) / 2) = 7.6
2. Number of days' sales in inventory: To calculate the number of days' sales in inventory, use the formula 365 / Inventory Turnover. So, for the current year, the number of days' sales in inventory is 365 / 7.6 = 48.0 days
Prior year:
1. Inventory turnover: For the prior year, the inventory turnover is (649,700) / ((55,364 + 79,106) / 2) = 9.3
2. Number of days' sales in inventory: For the prior year, the number of days' sales in inventory is 365 / 9.3 = 39.2 days
b. The inventory turnover has decreased from 9.3 to 7.6, while the number of days' sales in inventory has increased from 39.2 days to 48.0 days. This means that the sales volume has decreased faster than the inventory, resulting in a lower inventory turnover and a higher number of days' sales in inventory.
This could be due to various reasons such as lower demand, a decrease in the efficiency of the inventory management process, or changes in the product mix. In order to improve this situation, Shriver Inc. should analyze the factors contributing to the decline in sales volume and the increase in days' sales in inventory, and implement strategies to address these issues. This may involve optimizing inventory levels, improving demand forecasting, or implementing more effective marketing and sales strategies.
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during periods of uncertainty about the economy, there is a shift from risky money market securities to treasury securities. a. true b. false
The statement "During periods of uncertainty about the economy, there is a shift from risky money market securities to treasury securities" is True.
What are Money Market Securities?Money market securities are short-term debt instruments issued by corporations, the government, and financial institutions to fund daily expenses. The maturity of these securities is 1 year or less. The main function of these securities is to provide liquidity to the money market as well as to the economy.
Money market securities are regarded as safe, low-risk investments with low returns.Money market securities include, but are not limited to, the following types of investments:Treasury Bills (T-bills)Certificate of Deposit (CD)Commercial Paper (CP)Repurchase Agreement (Repo)
What are Treasury Securities?Treasury securities are long-term financial instruments issued by the U.S. Treasury Department to finance the government's activities. Treasury securities' maturity periods are more than a year long, and they are classified as either short-term, medium-term, or long-term securities. T
reasury securities are considered to be a safe investment and are backed by the full faith and credit of the United States Government. Because they are backed by the government, they are virtually risk-free. These securities are traded in the secondary market by individual investors, financial institutions, and banks.
Treasury bills, notes, and bonds are the three types of Treasury securities, with varying maturity dates. Treasury securities are used by investors who are looking for a safe and steady investment that will provide a return that is typically greater than money market securities.
ConclusionDuring periods of uncertainty about the economy, there is a shift from risky money market securities to treasury securities. Treasury securities are considered to be low-risk investments, making them appealing to investors during periods of uncertainty. They are considered to be a safe and steady investment that will provide a return that is typically greater than money market securities.
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which two components are key in determining how much you will need to save in order to achieve your goals?
There are two key components in determining how much you will need to save in order to achieve your goals: the amount of time you have and the rate of return on your investments.
Time is one of the most critical components to consider when determining how much you need to save. The amount of time you have to save is determined by when you plan to reach your financial goals. The longer the time frame, the less you'll need to save each month to achieve your objectives. Time also allows your investments to increase in value through compound interest, which is the ability of your investments to earn interest on the interest that you earn from them. A longer time frame also allows you to be more aggressive in your investments, which might generate higher returns.
Rate of return is another essential component when determining how much you will need to save. Your rate of return is the percentage of money that you can expect to earn on your investments each year. The higher the rate of return, the less you'll need to save each month to reach your goals. You can improve your rate of return by investing in stocks, which have historically generated higher returns over long periods. However, it is important to remember that stocks are also riskier than other types of investments, and past performance does not guarantee future results.
In summary, the amount of time you have and the rate of return on your investments are the two critical components in determining how much you need to save in order to achieve your goals.
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16 the sales manager of a company awarded a total of $3000 in bonuses to the most productive salespeople. the bonuses were awarded in amounts of $250 or $750. if at least one $250 bonus and at least one $750 bonus were awarded, what is one possible number of $250 bonuses awarded?
There is one possible number of $250 bonuses awarded if at least one $250 bonus and at least one $750 bonus were awarded is 5. This means that 5 people were awarded a $250 bonus and 1 person was awarded a $750 bonus.
To arrive at this solution, we can use simple algebra. We know that the total amount of bonuses awarded was $3000. We also know that the two possible bonus amounts were $250 and $750. Therefore, we can represent this equation as:
$250x + $750y = $3000, where x represents the number of $250 bonuses and y represents the number of $750 bonuses.
Since at least one $250 bonus and at least one $750 bonus were awarded, we can set the minimum values of x and y to be 1. We can then solve for x, which yields:
$250x + $750(1) = $3000
x = 5
Therefore, the one possible number of $250 bonuses awarded is 5.
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Assume an economy is currently in long-run equilibrium. What would be the long-run impact of an increase in consumer confidence?
In an economy that is currently in long-run equilibrium, an increase in consumer confidence will lead leading to a rise in inflation
An increase in consumer confidence would lead to an increase in consumer spending, which would shift the aggregate demand curve to the right. In the short run, this increase in demand would lead to an increase in output and prices. However, in the long run, the increase in aggregate demand would be offset by an increase in aggregate supply as firms respond to higher prices by increasing production.
In the long run, the increase in aggregate supply would restore the economy to its long-run equilibrium, but at a higher level of output and prices than before. This is because the increase in consumer confidence would lead to an increase in investment, which would increase the capital stock and labor productivity, thereby increasing potential output. This would cause the long-run aggregate supply curve to shift to the right.
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