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3 years ago

Pleaseee

Business

1 answer:

kirza4 [7]3 years ago

3 0

Raising taxes in order to cover a budget deficit. Fiscal policy involves taxes and government spending

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Devendra Company pays cash dividends of $600. The entry for this transaction will include a debit of $600 to

NemiM [27]

Answer:

Dividend

Explanation:

Based on the information given if the Company pays CASH DIVIDENDS of the amount of $600, the Appropriate journal entry for this transaction will include a DEBIT of $600 to DIVIDENDS

as the $600 represent CASH DIVIDEND amount paid by the company.

4 0

3 years ago

Suppose there is a simple one good economy that only produces spinning rims. In 2004, the economy was able to produce 500,000 se

VMariaS [17]

Answer:

Zero Increase in Real GDP between 2004 and 2005.

Explanation:

Nominal value of GDP in 2004

Nomina Value = $100 x 500,000

Nominal Value = $50,000,000

Nominal value of GDP in 2005

Nominal value = $200 x 500,000

Nominal value = $100,000,000

We can find Real GDP amount by multiplying base year price by current year quantity.

Real GDP = Base year price x Current year quantity

Real GDP = $100 x 500,0000

Ral GDP = $50,000,000

5 0

3 years ago

In the month of March the Digby Corporation received and delivered orders of 189,000 units at a price of $15.00 for revenue of $

Basile [38]

Answer:

$2.835 in March and $0 in May.

Explanation:

As per the data given in the question,

The actual method of accounting is that the revenue is not recognized in the period when the actual cash is received but the period in which it is earned.Hence, May-31 income statement will not recognize any part of revenue and March-31 income statement will recognize the whole revenue of $2.835 million.

Hence, $2.835 in March and $0 in May.

4 0

4 years ago

Vaughn Manufacturing started business in 2012 by issuing 209000 shares of $21 par common stock for $28 each. In 2017, 25500 of t

marshall27 [118]

Answer:

A. $153,000

Explanation:

The Journal Entry is shown below:-

Property Dr, $1,173,000

To Treasure stock $1,020,000

To additional paid-in-capital $153,000

The computation is given below:-

For Property

= 25,500 × $46

= $1,173,000

For Treasure stock

= 25,500 × $40

= $1,020,000

For Additional paid-in-capital

= $1,173,000 - $1,020,000

= $153,000

6 0

3 years ago

Economic resources are the natural, human, and technological inputs used to produce goods and services. natural, technological,

IRISSAK [1]

Answer and Explanation:

A. Economic resources can be defined as the natural, human, and manufactured inputs that are used in the production of goods and services.

B. These resources are also referred to as factors of production as they fall within the factors of production such as land, labour, capital and entrepreneur. They are useful in the production process of goods and services.

C. They are called inputs. As inputs they are used in the production process and at the end of it all they bring about output for the producer.

5 0

3 years ago