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HACTEHA [7]
3 years ago
14

What is deficit financing?

Business
2 answers:
FrozenT [24]3 years ago
3 0
I think it might be C, but i'm not sure
kumpel [21]3 years ago
3 0

The nation is making less money than it is spending requiring the government to borrow money.

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Irrespective of whether a firm produces or shuts down in the short run, fixed cost is equal to its _____
Otrada [13]

Answer:

c. sunk cost.

Explanation:

Because in short run, fixed cost doesn't changes with output, that is whether we produce or not, we have to pay for it, so it is considered as Sunk cost. Also like Sunk cost, we don't make decisions with fixed costs.

4 0
3 years ago
Anchor Company purchased a manufacturing machine with a list price of $93,000 and received a 2% cash discount on the purchase. T
r-ruslan [8.4K]

Answer:

$100,340

Explanation:

<em>The amount of cost recorded in the asset account would be:</em>

List price                                    $93,000

Less: Discount ($93,000*2%)   $1,860

Add: Freight                               $3,800

Add: Installation&Testing          <u>$5,400 </u>

Cost of the machine                 <u>$100,340</u>

Note: Insurance cost is not included in the cost of the machine

6 0
3 years ago
Sunland Company had the following department data: Physical Units Work in process, beginning 0 Completed and transferred out 909
ElenaW [278]

Answer:

Equivalent units of production= 98,700

Explanation:

Giving the following information:

Physical Units Work in process, beginning 0

Completed and transferred out 90,900

Work in process, ending 7,800

Materials are added at the beginning of the process.

<u>To calculate the equivalent units, we need to use the following formula:</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 0 + 90,900 + 7,800*1

Equivalent units of production= 98,700

Because the materials are added at the beginning of the process, the percentage of completion is 100%.

4 0
3 years ago
Dr. G, the principal at Westside High School Academy, is worried that the students who win academic awards might also be more li
rosijanka [135]

No, Dr G has nothing to worry about because only 8 students won the academic as well as fine arts award out of 128 academic award winners. This corresponds to very low percentage of joint winners out of just academic award winners (0.0625%)

Explanation:

Total students in the Westside High School- 768

Winner of academic awards- 128

Winner of fine arts awards- 48

Students who won both awards- 8

Dr G pre assumption= Dr G was worried that winner of academic awards would win fine awards more likely.

But it seems that his assumtions are wrong since only 8 students out of 128 students won joint awards (meaning only 8 students won awards for fine arts as well as academic awards). Similarly, this corresponds to only 0.0625% of students winning academic awards as well as Fine arts awards.

8 0
3 years ago
Until recently, hamburgers at the city sports arena cost $ 2.50 each. The food concessionaire sold an average of 1750 hamburgers
Artyom0805 [142]

Answer:

  (A) p = -0.002x +6; 0 ≤ x ≤ 3000

  (B) R(x) = x(6 -0.002x); 0 ≤ x ≤ 3000

  (C) C(x) = 1.44x +1903

  (D) (550, 2695), (1730, 4394.20)

  (E) P(x) = -0.002x^2 +4.56x -1903

  (F) increasing at $2.16 per hamburger

Explanation:

(A) The two-point form of the equation for a line can be used.

  y = (y2 -y1)/(x2 -x1)(x -x1) +y1

The two points we have are ...

  (x, p) = {(1750, 2.50), (1450, 3.10)}

so the equation is ...

  p = (3.10 -2.50)/(1450 -1750)/(x -1750) +2.50

  p = 0.6/-300(x -1750) +2.50

  p = -0.002x +6

The domain of this function is where x and p are greater than 0. That will be for ...

  0 ≤ x ≤ 3000

__

(B) Revenue is the product of burgers sold (x) and their price (p).

  R(x) = xp

  R(x) = x(6 -0.002x)

The domain of R(x) is 0 ≤ x ≤ 3000. This is the same as the domain of p(x).

___

(C) The cost function is the sum of fixed costs and variable costs:

  C(x) = 1.44x +1903

__

(D) See the attachment for a graph of cost and revenue. The break-even points are (x, revenue) = (550, 2695), (1730, 4394.20).

__

(E) Profit is the difference between revenue and cost.

  P(x) = R(x) - C(x) = x(6 -0.002x) -(1.44x +1903)

  P(x) = -0.002x^2 +4.56x -1903

__

(F) The marginal profit is the derivative of the profit function:

  P'(x) = -0.004x +4.56

  P'(600) = -0.004(600) +4.56 = -2.40 +4.56 = 2.16

At a production level of 600, the profit is increasing at a rate of $2.16 per hamburger.

6 0
3 years ago
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