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sdas [7]
3 years ago
14

In an economy where planned aggregate spending is given by PAE = 5,500 + 0.6Y - 20,000r, the interest rate is currently 5 percen

t (0.05). If potential output equals 11,750, the central bank must ______ the interest rate to close the ____________ gap. reduce; expansionary reduce; recessionary raise; recessionary raise; expansionary
Business
1 answer:
svlad2 [7]3 years ago
8 0

Answer:

Reduce; Recessionary

Explanation:

We need to emphasize the fact that fiscal policy is the use of government spending and tax policy to alter economy.

A recessionary gap can be defined as a microeconomic term which describes an economy operating at a level below its full employment equilibrium. Under a recessionary gap condition, the level of real gross domestic product GDP is lower than the level of full employment, which puts downwards pressure on prices in the long run.

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nikolaos is an ordained minister. he moved to indianapolis and lives in the nearby furnished parsonage, which is 1,500 square fe
siniylev [52]

Option D. The way that Nikolaos would be able to determine for the parsonage of the Indianapolis would be: Consult an Indianapolis realtor for a documented quote with comparable listings for the house.

<h3>What is meant by parsonage?</h3>

Old French personage and medieval Latin personagium, both of which imply "home for a person," are the origins of the word "parsonage." A house in the early church was frequently not much more than a priest's place to sleep.

A clergy house is where one or more priests or other religious leaders currently live or previously lived. Such homes may be referred to as manse, parsonage, rectory, or vicarage, among other names.

A recent sale of a property in your neighborhood that is comparable to yours in terms of location, size, condition, and features is known as a "comp," short for "comparable sale."

Comparable (similar) homes have to have equivalent market values, and thus comparable assessed values. Comparing the assessment of your home to the assessments of other comparable homes is one approach to determine whether it has been done fairly or uniformly.

Read more on realtors here:

brainly.com/question/29452584

#SPJ1

Nikolaos is an ordained minister. He moved to Indianapolis and lives in the nearby furnished parsonage, which is 1,500 square feet. His previous role was in Washington, D.C.; the fair rental value (FRV) of his parsonage (1,800 square feet) in Washington was $18,000/year.

How should he determine FRV for the Indianapolis parsonage?

Use the same FRV as the Washington, D.C. parsonage.

Reduce the Washington FRV by the size ratio of the new parsonage to the Washington home.

Estimate FRV based on other properties available in the area.

Consult an Indianapolis realtor for a documented quote with comparable listings for the house.

6 0
1 year ago
17. The costs that (a) are associated directly with consummating a lease, (b) are essential to acquire the lease and (c) would n
dalvyx [7]

Answer:

a sales-type with selling profit

Explanation:

Initial direct costs are deferred and expensed over the lease term in a sales type lease. A sales type lease is lease that has the present value of lease higher than the carrying value in the books. Therefore the lessor is seen as selling the leased property and should recognize profit since there is a selling profit. The lessor and lease account differently for sales type lease, the lessor based on classification of sales type lease expenses(at least at comencement) it while the leassee capitalizes right if use and amortizes payments over lease term

5 0
3 years ago
If the paint on your house was eaten away by the fumes from a factory nearby and you hired a lawyer to sue the polluting firm, y
AlexFokin [52]

Answer:

It would be external costs

Explanation:

7 0
3 years ago
Selected data taken from the accounting records of Ginis Inc. for the current year ended December 31 are as follows: Balance, De
nalin [4]

Answer:

Cash payment for merchandise inventory is $1,025,800.00

Cash payment for operating expenses is $179,170.00

Explanation:

The amount of cash payments in respect of merchandise inventory is the cost of merchandise sold minus decrease in inventories plus decrease in accounts payable.

Cash paid for merchandise inventory=$1,031,550-($193,430-$178,020)+($105,800-$96,140)=$1,025,800.00  

Cash paid for operating expenses=$179,400+($14,030-$12,650)-($8,970-$7,360)=$ 179,170.00  

8 0
3 years ago
Pls help in accounting
solmaris [256]

Based on the given transactions in July, the journal entry to record the payment of rent on July 31st is:

Date                  Account Title                                      Debit            Credit

July 31st            Rent expense                                 $3,000

                         Prepaid Expenses - Rent expense                         $3,000

<h3>How to write the journal entry for prepaid expenses?</h3>

Accounting uses the accrual basis which means that expenses are only recognized when they have been incurred and not when they are paid for. If you paid $40,000 for rent and yet your monthly rent is $5,000, only the $5,000 will be recognized as rental expense. The rest of the money is treated as a prepaid expense.

When another month elapses, then the other amount of rent can be recognized as is the case here. The month ended on July 31st and there was a need to record rental expense and so it was recorded at the rent expense of $3,000.

The journal entry would therefore show Rent Expense account is debited and the Prepaid Expenses account is credited to show it is reducing.

Full question is:

Record the journal entry to represent the payment of rent.

Find out more on prepaid expenses at brainly.com/question/27961230

#SPJ1

4 0
1 year ago
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