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3 years ago

13

When the federal government operates at a deficit, the deficit must be financed by borrowing through selling bonds or __________

_?

1 answer:

Ronch [10]3 years ago

4 0

Increasing taxes.

Taxes and bonds are two sources of funding for the federal government.

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If the rate of inflation is higher than your interest rate on your savings account you are losing buying power

Doss [256]

I believe it’s false

when interest rates are low, the economy grows and inflation increases. Conversely, when interest rates are high, the economy slows and inflation decreases.

8 0

3 years ago

Identify the accounting concept that was violated in each of the following situations.

NISA [10]

The typical accounting principles/assumption includes Accrual principle, Conservatism principle., Consistency principle, Cost principle, Economic entity principle, Full disclosure principle, Going concern principle, , Matching principle etc.

<h3>What are the correct concept for each of the following activities using the drop-down list?</h3>

Pastel Paint Company purchased land two years ago at a price of $250,000. Because the value of the assumptions and land has appreciated to $400,000, the company has valued the land at $400,000 in its most recent balance sheet. - The historical cost.

Atwell Corporation has not prepared financial statements for external users for over three years. - The periodicity assumption.

The Klingon Company sells farm machinery. Revenue from a large order of machinery from a new buyer was recorded the day the order was received. - The realization principle.

Don Smith is the sole owner of a company called Hardware City. The company recently paid a $150 utility bill for Smith's personal residence and recorded a $150 expense. - Economic entity assumption.

Read more about accounting principles

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5 0

1 year ago

Jake is leaving Shoe Warehouse to open his own shoe boutique. Jake currently earns $40,000 a year at Shoe Warehouse, but he is e

lyudmila [28]

Answer:

$79,000

Explanation:

Given that,

Implicit cost and explicit costs are as follows:

Earning at Shoe Warehouse = $40,000 a year

Jake has rented a storefront = $40,000 per year

Spend = $11,000 on inventory

Total revenue = $170,000 per year

Therefore,

Economic profit = Total revenue - (Explicit cost + implicit costs)

= $170,000 - ($11,000 + $40,000 + $40,000)

= $170,000 - $91,000

= $79,000

8 0

3 years ago

Appraisers rely on recently completed transactions of similar properties to guide their selection of the cap rate to be used to

Lunna [17]

Answer: direct market extraction

Explanation:

8 0

2 years ago

Use the following information to answer the questions:

Nostrana [21]

Answer:

A.) Since the United States has an aging population and thus an expected decline in working population in the future, therefore, increasing the output per worker seems more relevant in the United states than increasing the proportion of working population. Because Mexico on the other hand boasts a youthful population, Mexico can increase its standard of living by either increasing its output per worker or by increasing the proportion of the population that works.

B.) GDP INCREASES.....

STANDARD OF LIVING ALSO INCREASES....

INCREASE IN NUMBER OF EMPLOYED WORKERS HAS GREATER WEIGHT THAN THE DECREASE IN LABOR PRODUCTIVITY

Explanation:

A.) Since the United States has an aging population and thus an expected decline in working population in the future, therefore, increasing the output per worker seems more relevant in the United states than increasing the proportion of working population. Because Mexico on the other hand boasts a youthful population, Mexico can increase its standard of living by either increasing its output per worker or by increasing the proportion of the population that works.

2.). - - - - - - - - - - - - - - - - - - - - - YEAR - - - - - -

------ - - - - - - - - - - - - - - - 2014 - - - - - - - 2015

Population - - - - - - - - - - 1000 - - - - - - - 1000

Employed workers - - - - 400 - - - - - - - - 440

Labor productivity - - - - 2000 - - - - - - - 1900

GDP = Labor productivity × employed pop.

2014 GDP = 2000 × 400 = 800,000

2015 GDP = 1900 × 440 = 836,000

GDP INCREASES.....

STANDARD OF LIVING ALSO INCREASES....

INCREASE IN NUMBER OF EMPLOYED WORKERS HAS GREATER WEIGHT THAN THE DECREASE IN LABOR PRODUCTIVITY

7 0

3 years ago