1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scilla [17]
3 years ago
6

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

Business
1 answer:
Alina [70]3 years ago
7 0
<span>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.
</span>
You might be interested in
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: <u>$268,800</u>

Cost  of Procedure 2: $<u>134,400 </u>

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

<u>15% overhead.= 15% of $ 268,800 = $ 40,320                  </u>

<u>Total                                                      $268,800               </u>

<u />

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  

<u>25% overhead.=25% of $ 134,400 = $ 33,600              </u>

<u>Total                                                       134,400</u>

1. Cost makeup of Procedure 1:

Direct materials, $ 120,960

Direct labor,   $ 107,520

<u> Overhead. $ 40,320                  </u>

<u>Total        $268,800               </u>

<u />

Procedure 2

2. Cost makeup of Procedure 2

Direct materials $ 33,600

Direct labor, $ 67,200  

<u> Overhead. $ 33,600        </u>

<u>Total         134,400            </u>

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
Other questions:
  • What are the characteristics of a mixed economy?
    8·1 answer
  • Remember, a bond’s coupon rate partially determines the interest-based return that a bond (might/will)...........pay, and a bond
    9·1 answer
  • Why an investor might choose to have less than 20% holding in a company if they could have more?
    12·1 answer
  • A bank reconciliation proves the accuracy of the depositor’s and the bank’s records. The bank statement balance is adjusted for
    8·1 answer
  • g on january 1 playa company acquires 90 percent ownership in seaside corporation for 180,000 the fair value of noncontrolling i
    9·1 answer
  • What happens when the Federal Reserve puts money into the banking system
    7·1 answer
  • A team of builders has surveyed buyers of their new homes for years. Consistently, only 48% of the buyers have indicated they we
    12·1 answer
  • Ashley Kreeger is the director of marketing for a company that operates several assisted-living centres. The company is developi
    10·1 answer
  • Assume Ireland and Mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning
    11·1 answer
  • The performance management approach that uses job performance evaluations to identify a company's best, average, and worst perfo
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!