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3 years ago

Total government spending (federal, state, and local) sums to approximately:

Business

1 answer:

Inga [223]3 years ago

5 0

Answer:

40 percent of the U.S. economy.

Explanation:

The public sector of the U.S. economy it's almost 40% of its economy, the last date of government spending on the economy of the United States increased to 3,312.75 billion dollars in the third quarter of 2019, is approximately 38% of the GDP.

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Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.

MissTica

Answer:

1. B. 3.14

2. C. 1.12

Explanation:

1. Times Interest Earned ratio

Measures how well a company is able to cover it's debt obligations using it's earnings.

The formula is simply,

= Earning before Interest and Tax / Interest Expense

Therefore,

Times Interest Earned ratio = 116/37

= 3.14

HHF's times interest earned ratio is Option B, 3.14.

2. Debt to Equity Ratio

This ratio compares the debt used to fund a company vs it's equity. It measures how much of either way used to fund the company.

The formula is,

= Total Debt / Total Equity

= 540/484

= 1.12

HHF's Debt to Equity ratio is 1.12, Option C.

4 0

3 years ago

The income effect causes quantity demanded to ________ when the price of a normal good decreases, and causes quantity demanded

AveGali [126]

c. increase; decrease

4 0

3 years ago

At December 31, 2013, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It w

gtnhenbr [62]

The adjusting entry would recognise insurance expense of $1,500.

Explanation:

The policy of an insurance company, tax insurance, insurance for business failure, etc. typically lasts a year, with payments charged in full (insurance premiums). Insurance policy is never the same as the financial year of the product. There are also expected to be several consolidated financial statements and some partial financial statements for compensation premiums.

Example of insurance premium payment:

On 31 December, the insurer files an correction report in order to document the expired (extended) cost of insurance and to the the pre-paid number. This is done with an premium fee of $1,000 and a prepayment policy bonus of $1,000.

4 0

3 years ago

Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,400. Cash receipts are expected to

Leya [2.2K]

Answer:

Amount to be borrowed = $21,600

Explanation:

Provided details,

Opening cash balance as on 31 March = $36,400

Add: Expected Receipts = $641,000

Less: Expected purchases = ($608,500)

Less: Cash Expenses = ($27,000)

Less: Selling and administration ($33,500)

Total balance = $8,400

Balance to be maintained = $30,000

Loan to be taken or amount to be borrowed = $30,000 - $8,400 = $21,600

6 0

3 years ago

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.3 milli

laiz [17]

Answer:

MACRS 3 year depreciation schedule

33.33% x $2,300,000 = $766,590

44.45% x $2,300,000 = $1,022,350

14.81% x $2,300,000 = $340,630

carrying value at end of year 3 = $170,430

net after tax cash flow from salvage value = $210,000 - [($210,000 - $170,430) x 22%] = $201,294.60

cash flows:

year 0 = -$2,300,000 - $270,000 = -$2,570,000

year 1 = [($1,720,000 - $628,000 - $766,590) x 0.78] + $766,590 = $1,020,410

year 2 = [($1,720,000 - $628,000 - $1,022,350) x 0.78] + $1,022,350 = $1,076,677

year 3 = [($1,720,000 - $628,000 - $340,630) x 0.78] + $340,630 + $201,294.60 + $270,000 = $1,397,993

NPV = $297,794, and IRR = 16.12%

6 0

3 years ago