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RideAnS [48]
3 years ago
5

Congress must vote whether to increase the government budget so as not to shut down the government this year The vote passed and

the budget ceiling has been increased to keep the government running. This is an example of what type of policy? a. macroeconomic monetary policy b. microeconomic monetary policy c. macroeconomic fiscal policy
Business
1 answer:
lubasha [3.4K]3 years ago
6 0

Answer:

The answer is C. macroeconomic fiscal policy

Explanation:

Though both monetary policy and fiscal policy are used to control economic activities of a nation over time i.e they both can be used to accelerate growth when an economy begins to decline and to moderate growth when an economy starts to overheat.

Monetary policy is mainly used by Central bank of every nation. The central bank are responsible for its operation. These policy influences the quantity of money in the economy.

While fiscal policy involves the use of government spending and government revenue (e.g tax revenue) to affects economy e.g government can raise spending or lower tax when the economy activity is slowing down and decrease spending or increase tax when an economy is in peak or boom period.

Every year government proposes budget which contains its spending and revenue.

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Lupine Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T
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Answer:

Allocated MOH= $420

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (253,600/31,700) + 6

Predetermined manufacturing overhead rate= $14 per machine hour

<u>Now, we can allocate overhead to Job L716:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 14*30

Allocated MOH= $420

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Read 2 more answers
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation:
muminat

Answer and Explanation:

The preparation of the classified balance sheet is presented below:

                                        Blue Devils Corporation

                                                Balance Sheet

                                                    Dec 31, 2021

Assets Amount ($) Liabilities and shareholder equity Amount ($)

Current assets:                   Current liabilities  

cash $3,800                          Accounts payable                $24,800

Accounts receivable $7,800   Salaries payable                 $14,800

Supplies     $17,800

Total current assets $29,400   Total current liabilities        $39,600  

Long-term assets                     Stockholders equity  

Equipment   $108,000            Common stock               $48,000

Accumulated depreciation -39,000  Retained earnings        $10,800

Total assets $98,400     Total liabilities and stockholders equity $98,400

We find the retained earning balance by applying the accounting equation which is shown below:

Assets   = Liabilities + common stock + retained earnings

$98,400 = $39,600 + $48,000  + retained earning

So, the retained earning is $10,800

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3 years ago
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