The answer is President Herbert Hoover. His approach to
depression were:
1.
He tried to restore confidence in the economy by
asking business not to cut payrolls and labor not to ask for higher wages. Most
of them initially agreed until 1931.
2.
He also cut taxes and pressed the Federal
Reserve Board to cut interest rates to make borrowing easier.
3.
He procured $2 billion for public works
projects.
4.
He established the Reconstruction Finance
Corporation and the Home Loan Bank Act to assist businesses and head off some
foreclosures but he was a fiscal conservative who said we couldn't
"squander our way to prosperity," and so he disparate further
spending plans.
Answer:
The correct option is D
Explanation:
Accounts receivable is the balance amount of money is which due to a firm or business for goods or services that is delivered or used but the money is not yet paid by the customers.
So, last year, she has account receivable for $25,000 and current year, the account settled for $25,000. Therefore, there is no loss which means it is $0 in the current year. ($25,000 - $25,000 = $0).
B.
A is referring to trade in goods. C is the value of services but GDP refers to BOTH services and goods. D is referring to investments, but neglects the income retrieved from the production of goods and provision of services.
Answer: 59 days
Explanation:
Given data:
Sales = $938,300.
cost of goods sold = $764,500.
inventory = $123,600.
Therefore:
How long does it take the firm to sell of it inventory.
Days available for sales in a year = 365
= 365 / ($764,500 / $123,600)
= 365 / 6.185
= 59.01 days
It would take the firm approximately 59 days to sell of it inventory.
