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meriva
3 years ago
12

If the structural budget deficit is $100 billion and the actual deficit is $300 billion, what is the size of the cyclical defici

t?
Business
1 answer:
IceJOKER [234]3 years ago
7 0
Cyclical deficit is the downfall of the business cycle, this usually occurs when the economy is beneath potential income. The formula for this is, CD= tax rate x ( potential deficit - actual deficit). Therefore, the cyclical deficit is $200.  I hope this helps.
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The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% co
PolarNik [594]

Answer:

Worley Company

                                                 Units       Completion %          Equivalent Units

                                                                                                  D. Mat       CC

Beginning work in process    2,400             35%                   2400        840  

Transferred                             10,800                                  10,800        10,800

Ending work in process          <u>1,900               60%                1900         1140</u>

<u> Total                                       15100                                      15,100       12780</u>

Worley Company

Number of Equivalent Units of Production

Whole Units    15100

Direct Materials Equivalent Units    15,100

Conversion Equivalent Units 12780

Inventory in process, beginning= Direct Materials + Conversion Costs

                                                   =       2400 +  840  = 3240

Transferred to Packing Department= Direct Materials + Conversion Costs

                                                               =    10,400 + 10400

                                                               

Inventory in process, ending =  Direct Materials + Conversion Costs

                                                 =     1900 +1410= 3310

Total=       Direct Materials + Conversion Costs= 15,100 + 12780=  27880

3 0
3 years ago
You are the manager of a gas station in a small town, and your goal is to maximize profits. Based on your experience, the elasti
Levart [38]

<span>a. </span>No. Since the good that I am selling is inelastic considering the elasticity given in and outside Texas, having a lower price than non-Texan gas stations would have less impact on the quantity demanded.

<span>b. </span>The profit-maximizing price to charge a Texan for a car wash would be $12.

<span>c. </span><span>The profit-maximizing price to charge a Californian for a car wash would be $18. </span>

<span>(See attached for the calculations.)</span>

Download docx
7 0
3 years ago
Hunter’s paradise sells merchandize on account to outdoor haven for $3,280, terms 2/10, n/30. what should the journal entry be t
Schach [20]
These are payment terms in the accounting. The first term 2/10 means that if you can pay the amount after 10 days, you would be given a 2% discount. If not, that's what the second terms means. This means you have to pay the net or full amount within 30 days.

So, if he can pay within 10 days, he will only have to give $3214.4. If not, then he would have to pay $3280 within 30 days.
4 0
3 years ago
Read 2 more answers
Assume there is a simultaneous decrease in the incomes of people in the market for new homes and a decrease in the wages paid to
ioda

Answer:

Lower price for new houses.

Explanation:

The decrease in the income of people will decrease the demand for houses and the demand curve will shift leftwards. Meanwhile, the decrease in the wages for carpenters, plumbers, etc will decrease the cost of production so the producer will supply more when the cost of production decreases. So supply curve will shift rightwards. Resulting there will be lower prices due to shifts in the leftward demand curve and rightward supply curve.

4 0
2 years ago
Andrew Lighting purchases a factory and all of the equipment, computers, and vehicles within it. Andrew begins production of lam
alexandr1967 [171]

Answer: Factory

Vehicles

Equipment

Explanation:· A fixed asset is a long-term tangible asset a company owns and uses in its production activity to earn an income.

The computer isn't a fixed asset to Andrew because he doesn't use it in his production process.

3 0
3 years ago
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