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kherson [118]
3 years ago
6

Question 1 (multiple choice)

Business
1 answer:
VashaNatasha [74]3 years ago
5 0
1. Ibelieve the answer is spending that helps a large group. Approximately 30% of the federal government is in discretionary spending, which is an option part of fiscal policy in contrast to entitlement programs for which funding is mandatory and determined by the number of eligible recipients. Examples of areas funded by discretionary measures include, national defense, foreign aid, education and transportation. 

2. I think the answer is a tax deferred retirement plan offered by employees. A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account.

3. I think the answer is that it has resulted in significant cuts to social security and medicare. The national debt of the united states is the net accumulation of the federal government's annual budget deficits: it is the total amount of money that the U.S federal government owes to its creditors.

4. I believe the answer is that it reduces the incentive to work hard and take risks to succeed. Ability to pay taxation is a progress taxation principle that maintains that taxes should be levied according to tax payers ability to pay. This progressive taxation approach places an increased tax burden on individuals, partnerships, companies, corporations, trusts and certain estates with higher incomes.


5. I believe the answer is in order to protect its value. In order to maintain its value, money must have a limited supply. This means that restrictions on the amount of money in circulation ensure that values remain relatively constant  for the currency. 

6. I think the correct answer is that raising taxes will decrease aggregate demand. This is because an increase in taxation would cause a decrease in consumers spending because workers and employees are poor off. Since the consumer spending is a component of of aggregate demand, then the decrease in consumer spending will cause a decrease in aggregate demand leading to lower economic growth.

7. I believe the correct answer is that transfer payment do not result into purchase of a good by the federal government. Transfer payments is a one way payment to an individual for which no money, good or service is given or exchanged. They are made to individuals by the federal government through various social benefit programs (welfare programs such as social security, old age or disability pensions, students grants etc.)

8. I believe the answer is that the Public universities have lower tuition rates than do private universities. This is because the government spending on education by provision of student loans, subsidies and scholarship to students would prompt public schools to charge less amount of tuition fee as they are receiving funds from the government.

9. I believe that many states rely on sales taxes to generate revenues. The sales taxes includes both general sales and selective sales taxes. States have no direct personal ta and do not collect a sales tax at the state level, although it allows the local government to collect their own sales taxes. 

10. I believe the answer is that it is difficult to divide it into small units, unlike money which can be divide into different small units. Gold may be used as a good measure or store of cash with benefits such as unlike cash its interest rates remain low, having long term stability and also not being a flat currency, however gold can be divided into small portions like cash.

11. The correct answer is that this is a system people can use to have their bills paid each month from their bank account. An automatic bill payment is a money transfer scheduled on a predetermined date to pay a recruiting bill. It is important to note that these are routine payments made from a banking account, brokerage or mutual fund account to vendors.

12. I believe the concern is because if he moves to another tax bracket, she will pay a higher percentage for a portion of her taxes. Normally taxes levied on an income of an individual increases with the amount of income earned. highly paid individuals pay higher taxes as income taxes is proportional to the amount of income earned

13. I believe the answer is that it can slow growth by decreasing consumer confidence.  In the short run the economy and voters benefit from deficit spending. it drives economic growth. However over the long term, as the debt-to-GDP ratio increases, debt holders could demand larger interests payments. There would be increased interest rate by the treasury which would slow the economy.

14. i think the answer is the financial intermediaries enables people to save or store money in a safe place. Financial intermediaries are entities that act as middlemen between two parties in a financial or business transaction. They include commercial banks, building societies, investments banks, mutual funds among others. They holds funds from lenders and then make loans to borrowers.














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Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produ
melisa1 [442]

Answer:

Total Flexible Budgets  for 12,000, 15,000, and 18,000 units  is<u> $ 556,000         $ 643,000 and  $830,000  </u><u> </u>

Explanation:

<u>Steelcase Inc.</u>

<u>Assembly Department:</u>

Steel per filing cabinet ............................................. 55 pounds

Direct labor per filing cabinet ...................................... 20 minutes

Supervisor salaries ................................................ $180,000 per month

Depreciation ...................................................... $28,000 per month

Direct labor rate................................................... $21 per hour

Steel cost ......................................................... $0.40 per pound

<u>Steelcase Inc.</u>

<u>Flexible budget </u>

<u>For the month of August 2014.</u>

<u />

<u>Units:</u>                                  12000            15000            18000

Steel for filing cabinet     660,000          825000         990,000 pounds

Steel cost                         $264,000         330,000        $ 396,000

Direct labor Hrs               4,000              5,000               6,000

Direct labor Cost             $84,000       $105,000             $ 126,000

Supervisor salaries      $180,000           $180,000         $180,000

<u>Depreciation                 $28,000             $28,000           $28,000            </u>

<u>  </u><u>Total                              $ 556,000         $ 643,000          $830,000  </u><u> </u>

First we find the Steel for filing cabinets in pounds . Then we multiply with the rate to find the steel cost.

Similarly we find the direct labor hours and then the direct labor cost.

We assume that the supervisor salaries and depreciation are fixed.

4 0
3 years ago
A certain city reports the following year-end total assets: General Fund $18,400,000 Library Fund (a special revenue fund) 2,900
kolbaska11 [484]

Answer:

B) General Fund and Library Fund

Explanation:

Major funds are those that include revenues, assets, expenditures and liabilities that account for at least 10% of all the government funds.

In this case the total government funds = $26,300,000

so 10% of total funds = $26,300,000 x 10% = $2,630,000

only the general fund ($18,400,000 ≥ $2,630,000) and the library fund (2,900,000 ≥ $2,630,000) are higher than the 10% threshold.

4 0
3 years ago
Read 2 more answers
Help-. You and a friend are designing and selling artisan smartphone covers. The covers are decorated with tiny manufactured rhi
GuDViN [60]
I believe it would be capital.  You have to invest in the jewels to complete the cases.
8 0
3 years ago
Your friend brought up an investment opportunity that will generate cash flows of $5,000, $5,300, and $6,000 next three years, r
ahrayia [7]

Answer:

The most I could pay for the investment is $12,960.09  

Explanation:

The maximum a rational investor could pay acquire an investment is the present value of all future cash flows receivable from the investment.

In the case, the present of all cash flows is calculated thus:

Years  Cashflows [email protected] 12% PV

1          5000 0.892857143  4,464.29  

2          5300 0.797193878  4,225.13  

3           6000 0.711780248  4,270.68  

   Total of present values               12,960.09

The discounting factor is calculated using the formula :

1/(1+r)^n where r and n are rate and number of years respectively.                                          

8 0
3 years ago
During the first month of​ operations, ​, ​Inc., completed the following​ transactions:
forsale [732]

Answer:

General Ledger

Jul 2

Cash $68,000 (debit)

Common Stock $68,000 (credit)

<em>Cash received in exchange for common stock</em>

Jul 3

Supplies $700 (debit)

Equipment $11,800 (debit)

Accounts Payable $12,500 (credit)

<em>Supplies and Equipment purchased on credit</em>

Jul 4

Cash $5,400 (debit)

Service Revenue $5,400 (credit)

<em>Cash received for service rendered</em>

Jul 7

Land $33,000 (debit)

Cash $33,000 (credit)

<em>Cash paid for acquisition of Land</em>

Jul 11

Accounts Receivable $4.100 (debit)

Service Revenue $4.100 (credit)

<em>Service rendered on credit</em>

Jul 16

Accounts Payable $11,800 (debit)

Cash $11,800 (credit)

<em>Settlement of Account Receivable</em>

Jul 17

Advertising Expense $570 (debit)

Cash $570 (credit)

<em>Cash paid for Advertising</em>

Jul 18

Cash $2,000 (debit)

Account Receivable $2,000 (credit)

<em>Cash received from Account Receivable</em>

Jul 22

Water and Electricity Expenses $400 (debit)

Cash $400 (credit)

<em>Cash paid for utilities</em>

Jul 29

Cash $2.700 (debit)

Service Revenue $2.700 (credit)

<em>Cash received for Services Rendered</em>

Jul 31

Salaries Expenses $2,300 (debit)

Cash $2,300 (credit)

<em>Cash paid for Salaries</em>

Jul 2

Dividends $2,500 (debit)

Cash $2,500 (credit)

<em>Dividends paid in cash</em>

Explanation:

See the Journals and narrations that i have prepared above.

4 0
3 years ago
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