The purpose of the Uniform Franchise Offering Circular is to

Suppose gdp in this country is $800 million. enter the amount for government purchases. national income account value (millions

Bess [88]

Answer:

Therefore government purchases is $300 million

Explanation:

In this case, GDP is the sum of consumption, investment, and government purchases. To calculate the value of consumption we use the formula:

CC + II + GG = Y

GG = Y - CC - II

Where:

government purchases = GG

taxes minus transfer payments (TT) = $260 million

consumption (CC) = $300 million

investment (II) = $300 million

Y = country GDP = $800 million

GG = Y - CC - II

Substituting:

GG = $800 million - $300 milllion - $300 million

GG = $200 million

Therefore government purchases is $300 million

7 0

2 years ago

Assume all items involve cash unless there is information to the contrary. (a) Purchase of equipment. choose the type of cash fl

VARVARA [1.3K]

Answer: Please see answer in explanatory column

Explanation:Classifying each according to cash flow activity in terms of operating, investing, or financing activity gives

(a) Purchase of equipment.-----investing activity

(b) Sale of building.-----investing activity

(c) Redemption of bonds.-----financing activity

(d) Cash received from sale of goods. ------investing activity

(e) Payment of dividends.-------financing activity

(f) Issuance of capital stock. -------financing activity

4 0

2 years ago

The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/20

salantis [7]

Answer:

17 million

Explanation:

The computation of the outstanding common shares is shown below:

= Number of common shares outstanding - treasury common stock

where,

Number of common shares outstanding = Total value of the common shares ÷ par value of the share

= $105 million ÷ $5

= 21 million

And, the treasury common stock is 4 million

Now put these values to the above formula

So, the value would equal to

= 21 million - 4 million

= 17 million

6 0

2 years ago

Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0

OLEGan [10]

Answer:

See explanation

Explanation:

Armstrong Co.

Multi-step Income Statement

For the year ended, December 31, 20YY

Sales $755,000

Less: Cost of merchandise sold (330,000)

Gross Profit $425,000

Less: Operating expenses

Administrative expenses $35,000

Selling expenses $50,000

Total operating expenses $85,000

Income from operation $340,000

Other revenue and expenses:

Rent Revenue $25,000

interest expense ($30,000)

Total other revenues (expenses) $(5,000)

Income before taxes $335,000

Less: Income Tax 0

Net Income (loss) $335,000

That is the appropriate way to prepare a multi-step income statement

3 0

2 years ago

Which of the following statements is true? a) You will always pay less interest with a 15-year mortgage than with a 30-year mort

horrorfan [7]

b) With an adjustable rate mortgage, the interest rate always increases after the first five years

4 0

2 years ago