Studying and analyzing others’ speeches help us to be better:

If the investment accelerator from an increase in government purchases is larger than the crowding-out effect, then

Ymorist [56]

If the investment accelerator from an increase in government purchases is larger than the crowding out effect, then the multiplier is probably greater than one. The crowding out effect within economics is defined as a theory that when public sector spending rises, it can drive down or eliminate private sector spending. Public sector spending is government spending whereas private sector spending is for-profit businesses that aren't owned or operated by the government.

6 0

3 years ago

Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepa

skad [1K]

Answer and Explanation:

The Preparation of income statement, retained earnings statement, and balance sheet is prepared below:-

Elliptical Consulting

Income statement

For the Year Ended June 30, 2016

Particulars Amount

Revenue

Fees earned $60,000

Less:

Expenses

Salary expense $32,375

Supplies expense $2,100

Depreciation expense $1,500

Miscellaneous expense $2,000

Total expense $37,975

Net income $22,025

Elliptical Consulting

Retained earning

For the Year Ended June 30, 2016

Particulars Amount

Opening balance $52,200

Add:Net income for the year $22,025

Total $74,225

Less: Dividends $2,000

Closing balance of retained

earnings $72,225

Elliptical Consulting

Balance Sheet

For the Year Ended June 30, 2016

Particulars Amount

Assets

Cash $27,000

Accounts receivable $53,500

Supplies $900

Total current assets $81,400

Property plant and equipment

Office Equipment $30,500

Less:Accumulated

Depreciation $6,000 $24,500

Total Assets $105,900

Liabilities & Stockholder's Equity

Accounts payable $3,300

Salaries payable $375

Total liabilities $3,675

Stockholder's Equity

Common Stock $30,000

Retained earnings $72,225

total stockholders Equity $102,225

Total liabilities and Stockholder's

Equity $105,900

8 0

3 years ago

Credit cards can help When paid off on time regularly

maks197457 [2]

Answer:

good to know.

Explanation:

5 0

3 years ago

Read 2 more answers

The following selected account balances are taken from the records of Cooper Corporation for the past two years.

kumpel [21]

Answer:

Cooper Corporation

1. Cash received from the sale of equipment:

= d. 70

2. Decrease in cash from investing activities:

= b. (522)

3. Increase in cash from financing activities:

= c. 30

Explanation:

a) Data and Calculations:

December 31

2018 2017 Change

Equipment $750 $400 +$350

Accumulated depreciation (160) (225) +65

Land 92 50 +42

Bonds payable 30 50 -20

Common stock 120 100 +20

Additional paid in capital 400 320 +80

Retained earnings 825 675 +150

Net income for the year = $200

Depreciation expense = $70

Less Gain from sale of equipment $5

Equipment

Account Titles Debt Credit

Beginning balance $400

Cash purchase 550

Sale of equipment $200

Ending balance 750

Sale of equipment

Equipment $200

Accumulated depreciation $135

Cash 70

Gain from sale 5

Retained earnings:

Beginning balance $675

Net income 200

Dividends 50

Ending balance 825

Statement of Cash Flows (partial):

Investing activities:

Sale of equipment $70

Purchase of equipment -550

Purchase of land -42

Decrease in cash $522

Financing activities:

Bonds payable -20

Common stock +20

Additional paid in capital +80

Dividends paid -50

Increase in cash $30

3 0

2 years ago

Crew Clothing (CC) sells women’s resort casual clothing to high-end department stores and in its own retail boutiques. CC expect

motikmotik

Answer:

January February March

Total Cash Receipts $634,000 $546,000 $582,000

Explanation:

CC’s expected cash receipts from customers

January February March

Sales $510,000 $570,000 $590,000

Cash Receipts

Cash - 20% $102,000 $114,000 $118,000

Credit - 40% $328,000 $228,000 $236,000

Credit - 40% $204,000 $204,000 $ 228,000

Total $634,000 $546,000 $582,000

7 0

3 years ago