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Mrac [35]
3 years ago
9

Determine the following:_______

Business
1 answer:
MaRussiya [10]3 years ago
7 0

Answer:

a.

Total Stockholders' equity = $124000

b.

Retained earnings = $227000

c.

Total assets = $788000

Explanation:

a.

The basic accounting equation states that the value of total assets is always equal to the sum of the values of total liabilities and total stockholders' equity.

Total assets = Total liabilities + Total Stockholders' equity

451000 = 327000  +  Total Stockholders' equity

Total Stockholders' equity = 451000 - 327000

Total Stockholders' equity = $124000

b.

The total stockholders' equity section of a company can be further divided into two components namely common stock and retained earnings. Thus, the basic accounting equation can be rewritten as,

Total assets = Total liabilities + Common Stock + Retained earnings

787619000 = 226000 + 166000 + Retained earnings

Retained earnings = 619000 - 392000

Retained earnings = $227000

c.

Total assets = Total liabilities + Common Stock + Retained earnings

Total assets = 401000 + 201000 + 186000

Total assets = $788000

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Answer: reduced by $80 billion

Explanation:

An expansionary gap is when the actual output is more than the potential output. From the question, we are told that an economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionary gap and that the central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out.

We are also given the marginal propensity to consume is 4/5, and told that the price level is completely fixed in the short run.

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Therefore, the government expenditure or spending will be reduced by:

= $400 billion/5

=$80 billion

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