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KiRa [710]
3 years ago
8

If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of pr

ivate housing? (Assume a defense budget of $600 billion.)
Business
1 answer:
FrozenT [24]3 years ago
6 0

Answer:

4 million  houses

Explanation:

Opportunity cost is the forfeited benefit as a result of choosing one option over others.  Its value equals the cost of the next best alternative.

The cost of constructing a new home is $150,000.  If the Federal Defence has a budget of $600 billion, the opportunity cost of spending that amount will be the equivalent number of units that can be built by the amount.

To calculate the number of units= $600 billion divided by $150,000

= $600,000,000,000/ $150,000

=4,000,000

=4 million units

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The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation:Cash and cas
blsea [12.9K]

Answer:

1.

Total current assets  = $112500

2.

Short term investments = $2300

3.

Retained earnings = $15500

Explanation:

1.

The total current assets can be determined using the current ratio provided for 2021. The current ratio is calculated by dividing the value of total current assets by the value of the total current liabilities.

1.5  =  Total current assets / (51000 + 23000 + 1000)

1.5 = Total current assets / 75000

1.5 * 75000 = Total current assets

Total current assets  = $112500

2.

Short term investments are a part of the current assets. The value of short term investments is,

112500 = 6200 + 32000 + 72000 + Short term investments

112500 = 110200 + Short term investments

112500 - 110200 = Short term investments

Short term investments = $2300

3.

The basic accounting equation states that the total assets is always equal to the value of total liabilities plus total equity.

Total assets = Total Liabilities + Total Equity

(112500 + 180000) = [(51000 + 23000 + 1000) + 42000]  +  (160000 + Retained earnings)

292500 = 117000 + 160000 + Retained earnings

Retained earnings = 292500 - 277000

Retained earnings = $15500

6 0
3 years ago
Consider two goods--one that generates external benefits and another that generates external costs. A competitive market economy
KiRa [710]

Answer:

Produce more of the good that generates external cost and less of the good that creates external benefit.

Explanation:

External benefits refer to the situation where the benefit of production of goods or services goes to a third party that is not directly involved in the process of production.  

Similarly, external cost refers to the situation where the cost of production of goods and services is borne by a third party which is not directly involved in the process of production.  

A competitive market economy would tend to produce more of the good that generates external cost and less of the good that creates external benefit. This is because in case of external cost the private cost will be lower than social cost, so the firms will be able to produce more of the good.

5 0
3 years ago
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,
weqwewe [10]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales                                                                                           = 546000

less: cost of goods sold                                                            =  (<u>244410</u>)

            Gross profit                                                                       301590

Less: <u>expenses</u>

          Depreciation expense                                                      =( <u>61900   </u>)    

         Profit before interest and taxes                                         239690

Less: tax

      (239690 * 23%)                                                                =   (<u>55128</u>)            

                         Profit                                                                   184562

Profit - Retained earning Addition  = Interest

      184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times  

3 0
3 years ago
George's firm contracts to provide risk management services for a wide range of smaller companies that cannot provide the servic
Sonja [21]

Answer:

Extortion

Explanation:

Here is the complete paragraph

George's firm contracts to provide risk management services for a wide range of smaller companies that cannot provide the service for themselves. One of George's responsibilities at the end of each month is to review the threats encountered by the companies and put them into the appropriate categories.

One of his firm's clients details an incident in which a hacker — a former employee — thieved trade secrets from the client and threatened to release them to the competition if he was not paid. In which of the following categories should George place this incident?​

5 0
3 years ago
n addition to these monthly expenses, the company will pay a commission to its salespeople equal to 4% of the sales revenue from
drek231 [11]

Answer:

Selling and Administrative Expense budget for first quarter

Details                                      Jan           Feb       Mar           total

Depreciation                         $6,100      $6,100   $6,100     $18,300

Office staff Salaries              $15,250   $15,250  $15,250  $45,750

Advertising                            $610          $610        $610        $1,830

Executive Salaries                $6,100      $6,100   $6,100     $18,300

miscellaneous                      $305           $305     $305         $915

Commission (sales*3%)       $3,294       $6,423  $5,765     $15,482

Bad Debt Expense              $2,196        $4,282  $3,843     $10,321

(sales * 2%)    

Total                                    $33,855     $39,070  $37,973  $110,898

Sales = bricks * selling price of $9

Explanation:

The question is incomplete. below is a complete questions although the 4% commission is 3% and the 3% bad debt expense is 2% on this question.

Question: Crane & Hill Fabricators produces commemorative bricks that organizations use for fundraising...

Crane & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Crane, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $9 each.

January

February

March

April

May

June

12,200

23,790

21,350

29,000

23,000

20,000

Crane & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions.

Depreciation

$6,100

Sales staff salaries

$15,250

Advertising

$610

Executive salaries

$6,100

Miscellaneous

$305

In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 3% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue.

Prepare Crane & Hill's selling and administrative expense budget for the first quarter of the coming year.

4 0
3 years ago
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