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Levart [38]
2 years ago
15

Expansionary policies are intended to _____ economic growth, and contractionary policies are intended to _____ economic growth.

Business
2 answers:
sleet_krkn [62]2 years ago
6 0

Answer: Expansionary policies are intended to increase economic growth, and contractionary policies are intended to decrease economic growth.

Explanation:

Expansionary policies refer to policies which aim at encouraging or increasing economic growth. The Central Bank makes use of these policies to increase the money supply in the economy thereby expanding it and lowers interest rates.

Contractionary policies refer to the policies used by the Central government to fight inflation and reduce government spending in the economy. These policies raise interest rate in the economy in order to make lending more expensive and as a result decrease economic growth of the nation.

Mars2501 [29]2 years ago
4 0
Expansionary policies are intended to ENCOURAGE / INCREASE economic growth, and contractionary policies are intended to REDUCE economic growth.

Expansionary policies increase the total supply of money in the economy. It is <span>used to combat unemployment in a recession by lowering interest rates.
</span>
Contractionary policies decrease the total money supply. It is used in <span>raising interest rates in order to combat inflation.</span>



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The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:
FromTheMoon [43]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information

  • Sales $7,270,000
  • Gross profit 1,450,000
  • Indirect labor 330,000
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  • Other factory overhead 90,000
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Step 2. Calculation according to the following formulas.

a. Cost of goods sold = Sales-Gross profit = 7270000-1450000= $582000

b. Direct materials cost = 5100000-195000-480000= $4425000  

c. Direct labor cost = 6170000-4425000-330000-195000-90000= $1130000

7 0
3 years ago
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2 years ago
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Answer:

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Budgeted sales                                                    10800               14400

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Less: cost of good sold                                         5970                7960

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Gross margin                                                          4830                6440

Less: Operating expenses  

Selling expenses (6%*Sales)                                  648                  864

Fixed administrative expenses                              1200                 1200

Total operating expenses                                      1848                 2064

Budgeted Net Operating Income                          2982                 4376

 

 

Unit product cost  

Material                                                           $4  

Direct labor (9*.3)                                           2.7  

Variable manuafcturing overhead                1.25  

Fixed overhead                                               2  

Unit product cost                                          $9.95  

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