All categories

3 years ago

Officials argue that the government needs to reduce the national debt. Which actions are most likely to accomplish this goal?

1 answer:

5 0

The correct answer should be <span>Increase taxation and decrease spending

This would be the most efficient way to do this since you would get more money from taxes and they would lose less money because of lack of spending. People would probably be dissatisfied, but it would help the budget. </span>

You might be interested in

The rate of economic growth per capita in france from 1996 to 2000 was 1.9% per year, while in korea over the same period it was

bagirrra123 [75]

Answer:

36.83 years

16.85 years

$63,710.88

$ 71,490.43

Explanation:

We can use the nper formula in excel to compute the doubling time for the capital real GDP of both countries

=nper(rate,pmt,-pv,fv)

FV is the future real GDP which $28,900*2=$57,800 for France while that of Korea is $25,400 ($12,700*2)

PV is the present real GDP

rate is the economic growth rate of 4.2% in Korea and 1.9% in France

France=nper(1.9%,0,-28900,57800)= 36.83

Korea=nper(4.2%,0,-12700,25400)= 16.85

In 2045 ,which is 42 years from now the real GDP are shown thus:

=fv(rate,nper,pmt,-pv)=fv(1.9%,42,0,-28900)=$63,710.88

=fv(rate,nper,pmt,-pv)=fv(4.2%,42,0,-12700)=$ 71,490.43

3 0

3 years ago

1. Famous celebrities and the super-wealthy oftentimes pay others to do many of their household tasks for them. For example, the

poizon [28]

Explanation:

1) Famous celebrities and the people with lots of money are often seen with workers round them for their household chores/tasks. Although they are paying money for the work they could have done by themselves but if we analyze closely, they are actually taking advantage of the opportunity cost. The time when they were suppose to do the household work, now they are performing other task in that time which will be giving them much greater economic benefit, taking advantage of the concept of opportunity cost. For example, Cristiano Ronaldo can focus on his workout and daily exercise instead of making daily meals for himself, so he should have hired someone to do the meal work for him while he perform his workout which will help him on the field and will earn him much money.

2) Yes, it is possible for 2 countries to benefit from trade as a whole because they can get into an agreement by allowing free trade between the countries, for example, both the countries could agree that all the trade which will be executed between them would be tax free and no duties will be paid on them. This way the trade numbers would increase and industrialization would take place to meet the export/import orders. On the contrary, trading individually can be not so beneficial because there will be no free trade agreements between individuals i.e. no free lunches, that is why it could cost individuals much more than they can make money out of it.

3) One of the main reasons to oppose policies that restrict trade among the nations is that GDP. GDP is a measure of growth in any country, therefore when there will be no trade among countries, it would result in less productions of goods and services which which lead to less industrialization, which then will result to low employment and more unemployment, ultimately resulting in very low growth for any country and since growth is the only way forward for any nation, economists oppose policies that restrict trade among countries/nations.

I hope this detailed answer of mine help the poster.

Thank You and Good Luck.

5 0

3 years ago

Jefferson Company has sales of $300,000 and cost of goods available for sale of $270,000. If the gross profit ratio is typically

Ivenika [448]

Answer:

$60000

Explanation:

Given: Sales = $300000.

Cost of goods available for sale= $270000.

The gross profit ratio= 30%

First finding the gross profit out of total sales.

Gross profit= $30\% \times 300000$

Gross profit= $\$ 90000$

∴ Cost of goods sold= $Total\ sales - gross\ profit$

Cost of goods sold= $300000-90000$

Cost of goods sold= $\$ 210000$

Hence, cost of goods sold= $\$ 210000$

Now, finding estimated cost of the ending inventory.

Cost of ending inventory= $cost\ of\ goods\ available\ for\ sale - cost\ of\ goods\ sold$

⇒ Cost of ending inventory= $\$ 270000- \$ 210000$

∴ Cost of ending inventory= $\$ 60000$

Hence, estimated cost of the ending inventory under the gross profit method would be $60000.

3 0

3 years ago

A(n) _____ is an independent wholesaler who buys related product lines from many manufacturers and sells them to industrial user

Genrish500 [490]

Answer:

1- Industrial distributors

Explanation:

1- They are independent wholesalers that often have a sales force they call on purchasing agents, they also make deliveries, extend credit and provide valuable information. This kind of distributors are used in different industries such as manufacturing, mining, etc.

2- Marketing concept: It is a Philosophy that establish a Company should analyze which are their client´s need and after that, make decisions to satisfy those need, better than anyone else. This concept is adopted by most of the firms nowadays.

3 0

4 years ago

The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and

bezimeni [28]

Total= $159,552

Giving the following information:
The company has budgeted to sell 15,600 Debs in February.
Sales commissions $ 0.96*15,600= 14,976
Shipping $ 1.46 *15,600= 22,776
Executive salaries $ 60,600
Depreciation on office equipment $ 20,600
Other $ 40,600
Total= $159,552

8 0

3 years ago