True or false: keynesian economists argue that the government can fight inflation by implementing expansionary fiscal policy.

The following information was reported by Young's Air Cargo Service for 2017: Net fixed assets (beginning of year) $ 1,860,000 N

Degger [83]

Answer:

1.56

Explanation:

Data provided in the question:

Net fixed assets (beginning of year) = $1,860,000

Net fixed assets (end of year) = $2,280,000

Net operating revenues for the year = $3,230,000

Net income for the year = $1,600,000

Now,

company's fixed asset turnover ratio for the year

= Net operating revenues ÷ Average total assets

Also,

Average total assets

= [Net fixed assets (beginning of year) + Net fixed assets (end of year) ] ÷ 2

= [ $1,860,000 + $2,280,000 ] ÷ 2

= $2,070,000

Therefore,

Company's fixed asset turnover ratio for the year

= $3,230,000 ÷ $2,070,000

= 1.56

3 0

3 years ago

During 2013, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $33,000. The business paid divi

loris [4]

Answer: the correct answer is $7,000

Explanation:

Revenues $60,000

Expenses ($33, 000)

Paid Dividens ($20,000)

Equity $7,000 ($60,000-$33,000-$20,000)

4 0

3 years ago

Sunland Corporation has retained earnings of $708,900 on January 1, 2020. Net income during 2020 was $1,663,000, and cash divide

andriy [413]

Answer:

Beginning RE 708,900

prior period adjustment <u> 89,470 </u>

adjusted beginning RE 798,370‬

net income 1,663,000

cash dividends <u> (77,800) </u>

ending RE 2,383,570‬

Explanation:

The amend of the mistake is done to adjust the beginning retained earnings as it didn't occur in the current accounting cycle.

We have to added as it was posted as an expense something it wasnt Thus, our expense were overstated making a lower net income

then, we proceed normally by adding the net income and decreasing the cash dividends paid to arrive to ending RE

5 0

3 years ago

DJ and Gwen paid $3,200 in qualifying expenses for their son, Nikko, who is a freshman attending the University of Colorado. DJ

navik [9.2K]

Answer:

$1,150

Explanation:

$2,000+[(3,200-2,000) * .25]= $2,300 is their pre-limitation credit

But limited due to AGI as: $2,300 *($180,000 — 170,000/20,000) = $1,150.

4 0

3 years ago

Read 2 more answers

5. The Federal Reserve's organizationThere are members of the Federal Reserve Board of Governors.The Federal Reserve's role as a

Lady bird [3.3K]

Answer:

U.S. banks that cannot borrow elsewhere.

Explanation:

In the United States, the Federal Reserve goes as a last resort lender to companies that do not have certain other acquisition practices, and the inability to obtain loans can significantly impact the economy.

so correct answer is U.S. banks that cannot borrow elsewhere.

3 0

3 years ago