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shepuryov [24]
3 years ago
15

1) Which of these is a social goal of any economic system?

Business
1 answer:
vichka [17]3 years ago
7 0

<u>A social goal of any economic system:</u>

All economic systems' broad goals saw as key to the U.S. economy are soundness, security, economic freedom, equity, economic growth, efficiency, and full employment.

Accomplishing these objectives is troublesome in light of the fact that—despite the fact that the objectives supplement each other now and again—by and large, there are exchange offs to confront. To keep up a solid economy, the national government looks to achieve three approach objectives: stable costs, full business, and financial development.

Notwithstanding these three arrangement objectives, the central government has different destinations to keep up the sound financial strategy. Monetary objectives are not in every case commonly perfect; the expense of tending to a specific objective or set of objectives is having fewer assets to focus on the rest of the objectives.

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Transent Foods announced that its current sales are $1,233,450 this year. The company forecasts a growth rate of 16 percent for
hodyreva [135]

Answer:

Approximately 6 years

Explanation:

Use Future value formula to calculate the period:

FV = Target Earning = $3 million

PV = Current Sales = $1,233,450

g = growth of sales = 16%

n = number of years = ?

FV = PV ( 1 + g )^n

$3,000,000 = $1,233,450 x ( 1 + 16% )^n

$3,000,000 / $1,233,450 = ( 1 + 0.16 )^n

2.4322 = 1.06^n

log 2.4322 = log 1.16^n

n = log 2.4322 / log 1.16

n = 5.99

n = 6 years  (Rounded off to nearest whole year)

4 0
3 years ago
George invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 16.35 percent in 2012, 31.50 percen
saul85 [17]

Answer:

$161.50

Explanation:

Amount Invested = $1,000

Number of years = 4

Return for each year = Amount Invested × Interest rate

                                  = $1,000 × Interest rate

For 2012:

Interest rate = 16.35% = 0.1635

Therefore,

Return for 2012 = $1,000 × 0.1635

                          = $163.50  

For 2013:

Interest rate = 31.50% = 0.3150

Therefore,

Return for 2013 = $1,000 × 0.3150

                          = $315.00  

For 2014:

Interest rate = 13.85% = 0.1385

Therefore,

Return for 2014 = $1,000 × 0.1385

                          = $138.50  

For 2015:

Interest rate = 2.90% = 0.029

Therefore,

Return for 2015 = $1,000 × 0.029

                          = $29.00  

Average for 2012-2015

To get this, we add the returns for the 4 years, i.e. 2012-2015, and then divide it by the number of years which 4 as follows:

Average for 2012-2015 = ($163.50  + $315.00 + $138.50 + $29.00) ÷ 4

                                       = $646.00  ÷ 4

                                       = $161.50

Therefore, George's average return for the period is $161.50.

I wish you all the best.

3 0
3 years ago
LLP Company had the following stockholders’ equity as ofJanuary 1, 2017.
mihalych1998 [28]

Complete Question:

Clemenson LLP Company had the following stockholders’ equity as of January 1, 2017.

Common stock, $1 par value, 120,000 shares issued$120,000

Paid-in capital in excess of par—common stock 833,000

Retained earnings 408,000

Total stockholders’ equity$1,361,000

During 2017, the following transactions occurred.

Feb. 16: LLP repurchased 5,000 shares of treasury stock at a price of $15 per share.

Mar. 8: 2,000 shares of treasury stock repurchased above were reissued at $16 per share.

Apr. 11: 800 shares of treasury stock repurchased above were reissued at $12 per share.

May. 8: 2,000 shares of treasury stock repurchased above were reissued at $18 per share

Instructions:

a. Prepare the journal entries to record the treasury stock transactions in 2017, assuming Clemson uses the cost method.

b. Prepare the stockholders’ equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $130,000.

Answer:

Clemson LLP Company

a. Journal Entries

Feb. 16:

Debit Treasury Stock account $75,000

Credit Cash Account $75,000

To record the repurchase of 5,000 shares of treasury stock at a price of $15 per share.

March 8:

Debit Cash Account $32,000

Credit Treasury Stock account $32,000

To record the resale of 2,000 shares of treasury stock at $16 per share.

April 11:

Debit Cash Account $9,600

Credit Treasury Stock account $9,600

To record the resale of 800 shares of treasury stock at $12 per share.

May 8:

Debit Cash Account $36,000

Credit Treasury Stock account $36,000

To record the resale of 2,000 shares of treasury stock at $18 per share.

b. Stockholders' Equity Section as of April 30, 2017:

Common stock, $1 par value, 120,000 shares issued  $120,000

Treasury Stock, 200 shares                                                 2,600

Paid-in capital in excess of par—common stock             833,000

Retained earnings                                                            538,000

Total stockholders’ equity                                           $1,493,600

Explanation:

a) Data and Calculations:

Stockholders’ equity as of January 1, 2017:

Common stock, $1 par value, 120,000 shares issued  $120,000

Paid-in capital in excess of par—common stock             833,000

Retained earnings                                                            408,000

Total stockholders’ equity                                            $1,361,000

b) Retained Earnings:

Jan. 1, 2017 balance $408,000

Net Income               $130,000

April 30, 2017 bal.    $538,000

c) Since Clemenson accounts for the Treasury Stock transactions using the cost method, it means that all treasury transactions are recorded directly in the Treasury Stock account based on their cost and not the par value.  This method of using the cost is one of the two methods for accounting for treasury stock transactions.  The other method, which Clemenson can use is the par value method.  Under this second method, Clemenson will record the above and below par value differences in the Paid-in Capital in excess of par account instead of the Treasury Stock account.  While the treasury stock account is a contra account to the Common Stock account, in Clemenson's case, the Treasury Stock balance is not a debit but a credit balance.

6 0
3 years ago
Sment
nexus9112 [7]

Roads, schools, and

emergency services are funded by the government through the taxes.

Explanation:

Government collects taxes for the functioning of the government machineries. The reasons the taxes to be collected from the citizens of US are listed in the Article I, Section 8 of constitution of US. The three main types of taxation are as follows namely,

1. Progressive tax

2. Regressive tax

3. Proportional and flat tax.

Taxes are levied on the property, sales, income, dividends, imports, capital gains, payroll, gifts or estates. Eritrea and USA are the only countries that taxes non-residents on worldwide income as much as they tax the residents.

4 0
3 years ago
Suppose Jose splits his spending across scones and coffees. Due to droughts in coffee-producing regions, the price of coffee dou
Slav-nsk [51]

Answer:

He will be less likely to spend on scones.

Explanation:

Understanding the spending pattern requires to understand the factors involving in purchasing.

  1. Income: Some people live tightly, and for that they have to cut down their expenditures and that affects their spending. Jose will not have much issues although buying scones because they will not be expensive, so this relationship is negative.
  2. Substitution: This will probably affect the the spending of Jones on scones because he used to buy both together, and if he stops spending on coffee he will not buy scones as well.
7 0
3 years ago
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