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Nookie1986 [14]
3 years ago
5

In a small, closed economy, national income (GDP) is $350.00 million for the current quarter. Individuals have spent $100.00 mil

lion on the consumption of goods and services. They have paid a total of $60.00 million in taxes, and the government has spent $75.00 million on goods and services this quarter. Use this information and the national income identity to answer the questions. How much is spent on investment in this economy?
Business
1 answer:
kirill [66]3 years ago
6 0

Answer:

Investment 175

Explanation:

<u>Calcualted from Income:</u>

GDP = C + G + I

350 =  100 + 75 + I

I = 350 - 100 - 75

I = 175

The income comes from consumption, the goverment or through invesment

<u>Calculated from savings: Investment = Savings</u>

Savings = public saving + private savings

Savings = (taxes - gov spending) + (income - consumption - taxes)

Savings =                (60 - 75 )        +        (350 - 100 - 60)

Savings =    -15 + 190 = 175

To invest, we need to save, the public savings is the difference between the taxes colelcted and the gov spending

Then, the private savings are what is left after consuming and paying taxes.

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3 years ago
If the market interest rate drops to 5% on December 31, 2022, it will cost $458,290 to retire the bonds. Record the retirement o
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To record the retirement of bonds we have to debit the bond payable account with $435,376, debit the interest account with $22,914, and credit the cash account with $458,290.

The retirement of the bond takes place when they are required to be redeemed before they mature. In other words, if the company wants to buy back its bonds before the period of the bond is over. Sometimes the company will also have to pay the interest amount that is due on the bond to the bond-holder.

The bondholders are creditors of the company. These are the people to have loaned money to the company and who the company has to pay back either at maturity or when the company wants. This should be specified to the bondholder before issuing him the bond. The transaction that will be written to record the transaction will be:

Bonds Payable a/c Dr. 435,376

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To cash a/c                                         458,290.

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Learn more about the retirement of bonds here:

brainly.com/question/13960495

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3 0
1 year ago
Sal contracts with Tasty Pizza Company to deliver its products. Later,both parties change their minds and decide to cancel their
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Answer:

.b.can agree to a new contract that includes the new price

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A  new contract does not need to make any references to the canceled contract. Sal and Tasty are free to negotiate for new terms and negotiations since this is a new contract. The details of the canceled contract are no longer binding to them.

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3 years ago
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Answer:

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3 years ago
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