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svlad2 [7]
3 years ago
14

Which action best reflects the influence of John Maynard Keynes? O A. A business lobbies a government to reduce its overall tax

burden. O B. A government gives jobs to workers during an economic recession. O c. A corporation relocates its operations to a country with a larger market. O D. A group of workers launches a protest to demand better working conditions​
Business
1 answer:
Sidana [21]3 years ago
8 0

Answer:

Which action best reflects the influence of John Maynard Keynes?

B. A government gives jobs to workers during an economic recession.

Explanation:

John Maynard Keynes was a The British economist who strongly and vehemently advocated for "increased government expenditures, lower taxes, government offering full employment, and government intervention in economic activities" in order to stimulate demand, pull the economy out of recession, and kickstart it from slump.  He is known as the father of Keynesian Economics.

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What occurs when the goods available are too few to satisfy individuals desire
LekaFEV [45]

Answer: Two elements in scarcity

Explanation: 1. Our wants 2. Our wants to fulfilling our wants.

Sorry if this wasn't the answer that u were looking for.

8 0
3 years ago
A supervisory body, a source of public good, and a body responsible for reallocating income are examples of _____.
olchik [2.2K]

Answer:

roles of government

Explanation:

The government uses part of the taxes it collects to provide public goods such as goods as education, healthcare, and infrastructure. In mixed economies such as the US, the government's main role in the economy is to ensure fair competition among suppliers and protect consumers' and workers' rights.

The government has established several bodies and mandated them to carry out the regulatory functions. Different agencies regulate different trade sectors such as communication, drugs and medicines, weights and measures, employees' safety and health, etc.

5 0
3 years ago
Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The
andre [41]

Answer:

$409185

Explanation:

Given: Budgeted output units: 28,475 units

Budgeted machine-hours: 17,085 hours

Budgeted variable manufacturing overhead costs for 28,475 units: $358,785

Actual output units produced: 32,475 units

Actual machine-hours used: 15,000 hours

Actual variable manufacturing overhead costs: $384,060.

First, we will find Budgeted machine hour per unit produced.

Budgeted machine hour per unit produced=  \frac{Budgeted\ machine\ hour}{Budgeted\ units}

⇒Budgeted machine hour per unit produced= 17085\div 28475= 0.6

∴Budgeted machine hour per unit produced= 0.6

Budgeted machine hours allowed for 32475 units= 32475\times 0.6= 19485

Budgeted variable overhead rate per machine hour= \textrm {Budgeted variable manufacturing overhead costs}\div Budgeted\ machine\ hours

Budgeted variable overhead rate per machine hour= 358785\div 17085= \$ 21

Now, lets find out flexible budget amount.

Flexible budget amount= \textrm{Budgeted machine hours allowed}\times \textrm{Budgeted variable overhead rate}

Flexible budget amount= 19485\times \$ 21= \$ 409185

∴Flexible budget amount for variable manufacturing overhead= $409185

6 0
3 years ago
Wilma, Betty, and Fred are partners who share income and losses in a 5:3:2 ratio. Wilma decides to retire from the partnership w
Hoochie [10]

Answer:

<u>debited</u>

Explanation:

Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.

When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.

As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:

Wilma's Capital A/C                                    Dr.  $45000

    To Cash A/C                                                                $45000

For the remaining balance, Wilma shall be paid in cash as follows,

Wilma's Capital A/C                                    Dr. $5000

     To Cash A/c                                                            $5000

(Being settlement of a retiring partner's capital account being recorded)

3 0
3 years ago
Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and i
Marianna [84]

Answer:

Santa Corporation

a. The bond's issue price = $901 (PV of all cash inflows).

b. The bond sold at a DISCOUNT.  The discount was $99 (equal to total amortization).

c. Bonds payable at the end of:

Year 1 = $931

Year 2 = $964

Explanation:

a) Data and Calculations:

Face value of bond = $1,000

Coupon rate = 6%

Interest payment = Annually on December 31

Bond's maturity period = 3 years

Annual market rate of interest = 10%

N (# of periods)  3

I/Y (Interest per year)  10

PMT (Periodic Payment)  60

FV (Future Value)  1000

Results

PV = $900.53 = $901

Sum of all periodic payments $180.00

Total Interest $279.47

Schedule

Date                           Cash Paid   Interest Expense  Amortization  Balance

January 1, Year 1                                                                                 $901

December 31, Year 1     $60                     $90                $30              931

December 31, Year 2      60                        93                  33             964

December 31, Year 3      60                        96                  36          1,000

5 0
2 years ago
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