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enot [183]
3 years ago
9

Which of the following is most representative of the functional finance view of the macroeconomy? The economy is self-regulating

and the best thing the government can do to enhance stability is to stay out of the way. Budgets should be balanced. Doing otherwise is morally wrong. The government should decide on tax and spending plans based on their effects on the economy. Crowding out almost completely cancels out any deficit spending, so fiscal policy is likely to be ineffective.
Business
1 answer:
bazaltina [42]3 years ago
5 0

Answer:

The government should decide on tax and spending plans based on their effects on the economy.

Explanation:

According to the functional finance theory, the government is the authority which should finance itself to come along to meet with the explicit goals of the economy of the country. The theory has been proposed by Abba P. Lerner. Some of the goals of the economy include attainment of full employment, decreasing the rate of inflation and ensuring growth.

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Cost is most plainly visible when spending more money on one thing means that less money can be spent on another thing. True or
SSSSS [86.1K]

The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.

<h3>What is the cost?</h3>

A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.

Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.

Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.

As a result, opportunity cost describes a decision we must make in order to make another one.

You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.

Check out the link below to learn more about costs;

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6 0
1 year ago
Assume that Beaver uses the periodic system, and the end of period ending inventory for January is 110 units. a. Prepare all nec
aleksandr82 [10.1K]

Answer:

<u>Part 1 a</u>

jan 4

Debit ; Accounts Receivable (80 x $8.00) $640

Credit : Revenue $640

jan 11

Debit ; Purchases (150 x $6) $900

Credit : Accounts Payable $900

jan 13

Debit ; Accounts Receivable (120 x $8.75) $1,050

Credit : Revenue $1,050

jan 20

Debit ; Purchases (160 x $7) $1,120

Credit : Accounts Payable $1,120

jan 27

Debit ; Accounts Receivable (100 x $9.00) $900

Credit : Revenue $900

jan 31

Debit ; Cost of Sales (100 x $5 + 150 x $6 + 160 x $7) $2,520

Credit :  Inventory $2,520

<u>Part 1 b</u>

<em>Gross Profit = Sales - Cost of Sales</em>

Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590

Cost of Sales = (100 x $5 + 150 x $6 + 160 x $7) = $2,520

Therefore,

Gross Profit = $2,590 - $2,520

                   = $70

<u>Part 2 a</u>

jan 4

Debit ; Accounts Receivable (80 x $8.00) $640

Debit : Cost of Sales (80 x $5.00) $400

Credit : Revenue (80 x $8.00)  $640

Credit : Inventory (80 x $5.00) $400

jan 11

Debit ; Purchases (150 x $6) $900

Credit : Accounts Payable $900

jan 13

Debit ; Accounts Receivable (120 x $8.75) $1,050

Debit : Cost of Sales (20 x $5.00 + 100 x $6) $700

Credit : Revenue (120 x $8.75) $1,050

Credit : Inventory (20 x $5.00 + 100 x $6) $700

jan 20

Debit ; Purchases (160 x $7) $1,120

Credit : Accounts Payable $1,120

jan 27

Debit ; Accounts Receivable (100 x $9.00) $900

Debit : Cost of Sales (50 x $6.00 + 50 x $7) $650

Credit : Revenue (100 x $9.00) $900

Credit : Inventory (50 x $6.00 + 50 x $7) $650

<u>Part 2 b</u>

<em>Gross Profit = Sales - Cost of Sales</em>

Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590

Cost of Sales = ($400 + $700 + $650) = $1,750

Therefore,

Gross Profit = $2,590 - $1,750

                   = $840

Explanation:

<em>Hie, see the attached the full question as images below</em>

<u>Part 1</u>

Note that the question in this part requires us to use the Periodic Inventory System. In Periodic Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the <em>end of the Period</em>, in this case at the end of the month of January.

<u>Part 2 </u>

Again it is important to note that the question in this part requires us to use the Perpetual Inventory System. In Perpetual Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the <em>after each and every transaction made</em>.

<u>Overall Comment</u>

The Company use of FIFO should be considered in both the Periodic Inventory System in Part 1 and Perpetual Inventory System in Part 2. FIFO method assumes that the first goods received by the business will be the first ones to be delivered to the final customer.

That said, Cost of Sales for Part 1 are determined and recognized at the end of the period and Cost of Sales for Part 2 are determined and recognized after every sale transaction made

4 0
3 years ago
Suppose a business takes out a $7,000, five-year loan at 6 percent that will be paid annually with a single, fixed payment each
Morgarella [4.7K]

Answer: $1,662

Explanation:

The question is asking for the annual payment that will result in a present value of $7,000 given 6% and 5 years. This payment is constant so is an annuity.

7,000 = Payment * Present value Interest factor of an Annuity, 6%, 5 periods)

7,000 = Payment * 4.212

Payment = 7,000/4.212

= $1,661.92

= $1,662

8 0
3 years ago
which of the following statements is accurate? group of answer choices nonverbal communication accounts for a higher percentage
agasfer [191]

Nonverbal communication accounts for a higher percentage of communication effectives than does verbal communication.

Nonverbal communication (NVC) involves the exchange of information using nonverbal cues such posture, eye contact, facial expressions, gestures, and body language. It makes use of touch, voice, kinesics, distance (proxemics), physical settings, and appearance, as well as social cues (haptics). It may also involve the use of time (chronemics), eye contact, staring while speaking or listening, frequent glances, fixation patterns, pupil dilation, and blink rate (oculesics).

Charles Darwin's 1872 book The Expression of the Emotions in Man and Animals served as the foundation for the study of nonverbal communication. After observing how animals such as lions, tigers, dogs, and others interacted with one another and realized they also used gestures and facial expressions to communicate, Darwin started to study nonverbal communication. Nonverbal communication was investigated for the first time, and its usefulness was questioned.

Learn more about Nonverbal communication, here

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6 0
1 year ago
Assume Ford Motor Company is discussing new ways to recapitalize the firm and raise additional capital. Its current capital stru
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Answer:

The correct answer is

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