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Sergeu [11.5K]
1 year ago
13

When the mpc = 0.75, the desired tax cut for achieving a $300 billion fiscal stimulus is _____.

Business
1 answer:
Maru [420]1 year ago
6 0

Based on the marginal propensity to consume, the required tax cut to get a $300 billion stimulus is $400 billion.

<h3 /><h3>How much of a tax cut is needed?</h3>

This can be found by the formula:

= Required fiscal stimulus / Marginal propensity to consume

Solving gives:

= 300 / 0.75

= $400 billion

In conclusion $400 billion of tax cuts are needed.

Find out more on marginal propensity to consume at brainly.com/question/17930875.

#SPJ11

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Why did I did attack Paris in 2015
loris [4]

i would guess either to intimidate the u.s. or because of certain religous beliefs!

Hope this helps!

7 0
3 years ago
Oriole Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 390 $6
rewona [7]

Answer:

Cost of goods available for sale = $12,480

Explanation:

<em>The cost of goods available for sale is the sum of the value of the opening inventory plus the cost of new purchase. The cost of new purchase would include carriage inward cost if any.</em>

<em>For Oriole company , the cost of goods available for sale would be computed as follows:</em>

                                                                           $

Opening inventory                                            2,340

Purchases

June 12                5,460

June 23               <u> 4,680 </u>                                 <u> 10,140</u>

Cost of goods available for sale                     <u>12,480</u>

<em>Note that the sales made are not relevant for the purpose of determining the cost of goods available for sale. Also, the closing inventory would have been deducted from the cost of goods available for sale to arrive at the cost of goods sold should the question require it.</em>

7 0
2 years ago
The 2018 financial statements of BNSF Railway Company report total revenues of $19,548 million, accounts receivable of $1,189 mi
Vitek1552 [10]

Answer:

D) 18.2 times

Explanation:

The accounts receivable turnover is determined by dividing the total credit revenues by the average receivables.

The average receivables is the sum of the opening and closing receivable balances divided by 2.

The average receivables is  ( $ 1,189 + $ 955) / 2 =  $ 1,072

The total revenues in the absence of other information is considered as credit sales.

Average receivables turnover      = $ 19,548  /  $ 1,072  = 18.24 times    

3 0
3 years ago
Culver Company has a stock portfolio valued at $3,500. Its cost was $2,700. If the Fair Value Adjustment account has a debit bal
Ilya [14]

Answer:

Dr Fair Value Adjustment (Available-for-Sale) $660

Cr Unrealized Holding Gain or Loss—Equity $660

Explanation:

Culver Company Journal entry

Dr Fair Value Adjustment (Available-for-Sale) $660

Cr Unrealized Holding Gain or Loss—Equity $660

Fair Value Adjustment (Available-for-Sale)

Debit Balance $140

Adjustment $660

($3,500-$2,840)

Balance 800

8 0
3 years ago
What is a short term benefit for a company to regulary keeping wages low
Tcecarenko [31]
The answer would be that the company can keep costs too a minimum.  
3 0
3 years ago
Read 2 more answers
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