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Lorico [155]
3 years ago
9

What are the three main goals of the government in its attempt to keep the economy running smoothly?

Business
2 answers:
goldfiish [28.3K]3 years ago
8 0
C. HIGH EMPLOYMENT, STEADY GROWTH, AND STABLE PRICES.
iVinArrow [24]3 years ago
3 0

What are the three main goals of the government in its attempt to keep the economy running smoothly? C. high employment, steady growth, and stable prices

To keep the economy running smoothly, high employment rates generate money going into the economy. They are paying workers so then the workers are spending the money back into the economy because they are able to afford more. Steady growth allows new businesses to develop but also keep the economy at an upward trend without growing to fast where people can not keep up and a business fails. Stable prices are important so that they are not fluctuating when they feel is necessary and allow for customers to purchase the products they want at a price they can afford.

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Mullis company sold merchandise on account to a customer for $625, terms n/30. the journal entry to record the collection on acc
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Since the transaction was on account basis, the journal entry will be:

debit accounts receivable for $625
credit sales $625

the account title accounts receivable was used because the debtor didn't pay for the merchandise and the sales account was used because the company gain income from that transaction.
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3 years ago
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2 years ago
Buxmont Manufacturing reported the following year-end balances: Beginning work in process inventory, $40,000; beginning finished
Sever21 [200]

Answer: <em>Cost of Goods Manufactured = $ 660,000</em>

Explanation:

Direct Material Used                                                $ 240,000

Direct labor                                                               $ 250,000

Manufacturing overheads applied                          $ 150,000

Total manufacturing Cost                                        $ 640,000

Add: Work in process                                            $ 40,000

Total Manufacturing cost                                         $ 680,000

Less: Work in process                                            $ 20,000

Cost of Goods Manufactured                                  $ 660,000

7 0
3 years ago
A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of .72. What is the return on equi
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Answer:

C 14.45

Explanation:

Return on equity = .084 ×(1 + .72) = .1445, or 14.45 percent

8 0
2 years ago
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