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3 years ago

In order to create more wealth and provide better services, some nations recognize that

1 answer:

7 0

In order to create more wealth and provide better services, some nations recognize that A GOOD STRATEGY IS TO MINIMIZE INTERFERENCE WITH THE FREE EXCHANGE OF GOODS AND SERVICES.
Free exchange of goods and services will enhance the economic growth of a nation.

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The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Cu

Delicious77 [7]

Answer and Explanation:

The computation is shown below;

Working capital = Current Asset - Current Liabilities

= $569,000 - $280,000

= $289,000

Current ratio = Current Asset ÷ Current Liability

= $569,000 ÷ $280,000

= 2.03

Acid-test (quick) ratio = {(Current Asset - Inventory - prepaid expense) ÷ Current Liabilities }

= {{$569,000- $320,000 - $8,000) ÷ ($280,000)}

= 0.86 times

Debt-Equity ratio = Total Liability ÷ Shareholders' Equity

= $670,000 ÷ $759,000

= 0.88 times

Times interest earned = EBIT ÷ Interest Charges

= ($1,224,000 + $35,100) ÷ ($35,100)

= 35.87 times

Average collection period

= 365 ÷ ($3,010,00 ÷ $215,000)

= 26 days

The $215,000 comes from

= ($210,000 + $220,000) ÷ 2

= $215,000

7. The average sales period is

= 365 ÷ ($1,110,000 ÷ $300,000)

= 99 days

The $300,000 comes from

= ($280,000 + $320,000) ÷ 2

= $300,000

8. The operating cycle is

= 99 days - 26 days

= 73 days

3 0

2 years ago

A professional does specialized work that’s primarily a. Degree based B. Medical or legal C. Well paying D. Intellectual and cre

worty [1.4K]

A professional does specialized work that’s primarily A. Degree based. When referring to a job that requires a degree, it is usually classified as a professional job. When you are a professional you are connected to a profession based on your skill sets and engagement in your career. Most of the jobs that are of white-collar level require a degree to be achieved.

4 0

3 years ago

Read 2 more answers

The citizens of France, Belgium, and Finland are upset by a recent trade law enacted in the European Union which they feel negat

BigorU [14]

Answer:

The European Parliament to resolve their concerns.

Explanation:

The European Parliament bis the legislative section of the European Union. The European Parliament is made up of 705 members and is the 2nd largest parliament in the world.

When there is dispute with regards to EU laws the European Parliament is the body that resolves it. They help implement laws enacted by the European commission. They can amend or reject a legislature, and they also make proposal for legislation.

So citizens of France, Belgium, and Finland will approach the European Parliament when they are upset by a recent trade law enacted in the European Union which they feel negatively impacts their respective economies.

3 0

3 years ago

Read 2 more answers

Fiscal policy is Question 20 options: the money supply policy that the Fed pursues to achieve particular economic goals. the spe

laiz [17]

Answer:

the spending and tax policy that the government pursues to achieve particular macroeconomic goals.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Fiscal policy typically includes the spending and tax policy that a government pursues in order to achieve particular macroeconomic goals such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented.

7 0

2 years ago

Which of the following is an example of structural control? a.Monitoring the administrative ratio to make sure staff expenses do

nirvana33 [79]

Answer: (A) Monitoring the administrative ratio to make sure staff expenses do not become excessive

Explanation:

The structural control is one of the concept that helps in monitoring the main building block in an organizational structure and managing all the functions such as design of an organization, performance, goals and the requirement within an organizational structure.

According to the question, the structural control is one of the process of monitoring the main administrative ratio so that the staff expenses are not becoming more excessive and serving only on the basis of important purpose and requirement.

Therefore, Option (A) is correct answer.

6 0

3 years ago