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3 years ago

If the mpc is 0.70 and investment increases by $3 billion, the equilibrium gdp will

1 answer:

7 0

If the MPC is 0.70 and investment increases by $3 billion, the equilibrium GDP will increase by $10 billion.

The GDP is the Gross Domestic Product and the MPC is the marginal propensity to consume. The MPC tracks that a raise in pay will increase consumers spending on goods and services. If there is an increase in spending budget, then the GDP will increase because of more spending power.

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Shelhorse Corporation produces and sells a single product. Data concerning that product appear below:

zloy xaker [14]

Answer:

See explanation section.

Explanation:

Requirement 1

At first we have to find the original net income.

Shelhorse Corporation

Contribution format income statement

For the year ended, December 31, 20YY

Sales Revenue (6,100 × $260) = $1,586,000

Less: Variable expense (6,100 × $91) = $555,100

Contribution Margin = $1,030,900

Less: Fixed Expense $366,000

Net Operating Income = $664,900

Requirement 2

As the marketing manager believes that a $23,000 increase in the monthly advertising budget would result in a 150 unit increase in monthly sales, the new sales volume = 6,100 + 150 = 6,250 and new fixed expense = $366,000 + $23,000 = $389,000

Shelhorse Corporation

Contribution format income statement

For the year ended, December 31, 20YY

Sales Revenue (6,250 × $260) = $1,625,000

Less: Variable expense (6,250 × $91) = $568,750

Contribution Margin = $1,056,250

Less: Fixed Expense = $389,000

Net Operating Income = $667,250

The effect on the company's monthly net operating income of this change = $667,250 - $664,900 = $2,350

5 0

3 years ago

Which of these can be listed as benefits of filing your tax return online? I. Allows you to claim a larger number of deductions

telo118 [61]

Answer:

The answer is: C) II and III

Explanation:

The benefits for filing your tax return online are:

You can save money since you don't have to hire an accountant or other professional to file your taxes
It is very simple and easy, since the tax software is very user friendly and intuitive.
You can file your taxes from anywhere as long as you internet connection. This can save a lot of time and money, instead of having to physically go to an IRS office.
Tax software helps you gain financial knowledge and that is always useful.
It ensures accuracy since tax program can do accurate calculations on your behalf.
You can receive your tax refund faster if you file your taxes online. Usually within 21 days the IRS is sending out refunds based on taxes filed only.

3 0

3 years ago

Read 2 more answers

When outcomes are uncertain, managers need to Group of answer choices describe the risks involved. evaluate the risks involved.

Alenkasestr [34]

Answer:

all of the above

Explanation:

When outcomes are uncertain, a manger must recognise and describe the risks involved. After identifying the risks, the risks must be evaluated to determine the extent of the risk and how the risk would affect the business. After the risks have been evaluated, the risk should be managed. For example, by taking insurance.

For example, if a manager wants to purchase a machine,

the manger has to identify the risks involved : the machine can be stolen, it can injure workers or it might not produce the desired effect

The manger must then evaluate the risks. The risks can be evaluated using capital budgeting methods. e.g. NPV

The manger can manage the risk by taking out insurance

3 0

3 years ago

Blue Skies Inc. is a retail gardening company that is piloting a new strategic initiative aimed at increasing gross profit. Curr

SpyIntel [72]

Answer:

Cost of Procedure 1: $268,800

Cost of Procedure 2: $134,400

Explanation:

Sales $480,000.

Gross Profit 25% of $480,000.= $ 120,000

Cost of Goods Sold = 480,000-120,000= $ 360,000

Procedure 1 costs twice as much as Procedure 2

Process 1 costs $ 240,000 Process 2 costs $ 120,000

To get a gross profit of 30% the sales would increase by

0.25 480,000

0.3 x

x= 480,000*0.3/0.25= $576,000

Sales $576,000.

Gross Profit 30% of $576,000.= $ 172,800

Cost of Goods Sold = 576,000-172,800= $ 403,200

Procedure 1 costs twice as much as Procedure 2

Process 1 costs $ 268,800 Process 2 costs $ 134,400

Procedure 1

1. Cost makeup of Procedure 1:

45% direct materials, = 45% of $ 268,800 = $ 120,960

40% direct labor, = 40% of $ 268,800 = $ 107,520

15% overhead.= 15% of $ 268,800 = $ 40,320

Total $268,800

Procedure 2

2. Cost makeup of Procedure 2

25% direct materials,=25% of $ 134,400 = $ 33,600

50% direct labor,= 50% of $ 134,400 = $ 67,200

25% overhead.=25% of $ 134,400 = $ 33,600

Total 134,400

1. Cost makeup of Procedure 1:

Direct materials, $ 120,960

Direct labor, $ 107,520

Overhead. $ 40,320

Total $268,800

Procedure 2

2. Cost makeup of Procedure 2

Direct materials $ 33,600

Direct labor, $ 67,200

Overhead. $ 33,600

Total 134,400

6 0

3 years ago

If people evolve from apes then how are apes still in zoo's

lana [24]

Because when a species evolves, not all of them change. Only the few who have changed the genes, for example, humans will reproduce and unless we wiped out the old species and prevent them from reproducing ( which we didn't ) then there would not be any apes left, but because we didn't the apes still exist.

5 0

3 years ago