Ask question

Ask question

All categories

2 years ago

9

The president wishes to increase spending for education by $4 billion but also maintain a balanced budget. Therefore, taxes will

also be increased by $4 billion. What will happen to GDP?

1 answer:

castortr0y [4]2 years ago

4 0

Answer:

it will increase

Explanation:

You might be interested in

A company had an unadjusted Cost of Goods Sold of $1,690,000. The company closes its underapplied or overapplied overhead to Cos

lakkis [162]

Answer:

"$1,673,750" is the appropriate answer.

Explanation:

The given values in the question are:

Applied overhead,

= $666,250

Actual overhead,

= $650,000

Unadjusted cost,

= $1,690,000

Now,

The overapplied overhead will be:

= $Applied \ overhead-Actual \ overhead$

= $666,250-650,000$

= $16,250$ ($)

hence,

The goods sold's adjusted cost will be:

= $Unadjusted \ cost-Overapplied \ overhead$

= $1,690,000-16,250$

= $1,673,750$ ($)

8 0

2 years ago

The ratio of shareholders funds to total assets of the company is called?

mario62 [17]

Answer:

share holder equity

Explanation:

it indicates how much of company's assets have been generated

3 0

2 years ago

Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 12 years. If he makes these investments,

Oxana [17]

Answer:

Jake Werkheiser will have $170,322.48 at the end of 12 years.

Explanation:

We use the following formula to find the future value,

$S=R[\frac{(1+i)^n-1}{i}](1+i)$

S= future value

R= yearly payment =$5000

i= rate of interest = 9%=0.09

n =time =12 years.

Now putting the value of i, n, R

$S=5000[\frac{(1+0.09)^{12}-1}{0.09}](1+0.09)$

=$170,322.48

Jake Werkheiser will have $170,322.48 at the end of 12 years.

5 0

3 years ago

Sheridan Company has several outdated computers that cost a total of $18200 and could be sold as scrap for $6200. They could be

sveticcg [70]

Answer:

$18200

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered when making future decisions.

The computers costs $18200. This amount has already been incurred and it cannot be recovered.

8 0

2 years ago

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of busin

lutik1710 [3]

Answer:

c.$209,160

Explanation:

Given that the cash received from each sale will be collected over 2 months. If 30% of mechanize is to be sold for cash, then 70% will be sold on account. Further more, 80% of the credit/sale on account will be collected in the month of sale and 20% in the following month.

Hence for October, cash collection will include 20% of credit sale from September and 80% of the credit sale in the month.

Given that sales in September is $250,000

Amount expected to sold on account

= $250,000 - (30% × $250,000)

= $175,000

Amount expected to be collected from this sale in October

= 20% × $175,000

= $35,000

Amount of credit sale in October

= $311,000 - (30% × $311,000)

= $217,700

Amount of this credit sale to be collected in October

= 80% × $217,700

= $174,160

Total collected from accounts receivable in October

= $174,160 + $35,000

= $209,160

6 0

3 years ago