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Rus_ich [418]
2 years ago
5

Waterway Industries's direct materials budget shows total cost of direct materials purchases for January $200000, February $2200

00 and March $290000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments for March are
Business
1 answer:
Romashka [77]2 years ago
3 0

Answer:

Total cash disbursement= $262,000

Explanation:

Giving the following information:

Purchases:

January= $200,000

February= $220,000

March= $290,000

Cash payments are 60% in the month of purchase and 40% in the following month.

<u>Cash disbursement March.</u>

Purchase on cash March= 290,000*0.6= 174,000

Purchase on account from February= 220,000*0.4= 88,000

Total cash disbursement= $262,000

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Which of the following would lead to an increase in the demand for golf balls?
dangina [55]

Answer:

Option C, An decrease in the price of golf balls, is the right answer.

Explanation:

Option “C” is correct because as per the law of demand, the price of a commodity and its demand are inversely related to each other. If the price increases, then the demand for the commodity falls. If the price of the commodity falls, then the demand increases. Similarly, in the case of golf balls, when its price decreases then this decrease in price will result in an increase in demand for golf balls.

3 0
3 years ago
If there is a recessionary gap in the short​ run, the Federal Reserve can eliminate the gap in the short run by undertaking a po
NeTakaya

Answer:

D. harms the society by interfering with the economy's natural process.

Explanation:

In order to get out of recession, the fed should reduce the tax rates, which would in return lead to higher disposable income of the consumers, and then there will be an increase in the demand.

On the other hand the sale of bonds would even further increase the recession, as there will be more cash crunch in the economy. A decrease in reserve ratio will be a long time taking solution, so it would not provide an immediate solution.

MCQ

But, if the fed interferes with the short run equilibrium in the hope of giving short run benefits, it will hamper the economy's natural process to attain a new equilibrium as discussed in the paragraph above. Hence, option D is the correct answer

Option A and C are incorrect, because, employment is not much affected with lowering of income tax. On, the other hand, inflation levels rise, when there is a cut in income tax, as it gives more currency in the economy, hence even C is incorrect.

6 0
3 years ago
Which of the following factors will increase GDP and also achieve sustained​ growth?
Salsk061 [2.6K]

Answer:

The correct answer is the letter d. Advances in the technical knowledge used in production.

Explanation:

Technology is an important variable in economic growth models, having a positive effect on the production process. Technological progress occurs when technology increases over time, and its effect is on worker productivity. That is, technological advancement enables work to become more productive, culminating in sustainable per capita gross domestic product growth.

7 0
3 years ago
O’Connell &amp; Co. expects its EBIT to be $83,000 every year forever. The firm can borrow at 11 percent. O’Connell currently ha
andrew11 [14]

Answer:

1. $3,59,666.66

2. $4,10,066.66

Explanation:

1. The computation of value of firm is shown below:-

As the Earning before interest and tax given remains the same, this impact that there is no growth rate in the earnings to consider.

= Earning before interest and tax × (1 - Tax) ÷ Cost of equity

= $83,000 × (1 - 0.35) ÷ (0.15)

= $53,950 ÷ 0.15

= $3,59,666.66

2. The computation of value of levered firm is shown below:-

Value of unlevered firm + Debt × Tax rate

= 3,59,666.66 + ($144,000 × 35%)

= $4,10,066.66

7 0
3 years ago
three-fourths of the burden, and sellers bear one-fourth of the burden. b. one-half of the burden, and sellers bear one-half of
zubka84 [21]

The correct option is: For each unit of the good that is sold, buyers bear <u>one-half of the tax burden and sellers bear one-half of  the tax burden.</u>

<u>Explanation</u>:

Incidence of tax is a term referred in economics which deals with division of taxes. Tax incidence refers to division of tax among the buyer and seller for a product. The tax incidence is related to the price elasticity of supply and demand.

When a product is sold, the buyer of the product is charged with one-half of the tax burden and the seller of the product bears the other-half of the tax burden.

The incidence of tax can be observed in two ways:

i) Formal incidence

ii) Effective incidence

7 0
3 years ago
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