Gia, Inc., has sales of $678,000, costs of $340,000, depreciation expense of $84,000, interest expense of $52,000, and a tax rat
Paladinen [302]
Answer:
$118,580
Explanation:
Sales. $678,000
Less: cost of goods sold ($340,000)
Less : Depreciation exp ($84,000)
Gross profit. $254,000
Less: interest expense ($52,000)
Net income before taxes $202,000
Less: Tax rate 21% ($42,420)
Net income. $159,580
Less: dividends. ($41,000)
Retained earnings. $118,580
I believe the answer is C.
The right answer for the question that is being asked and shown above is that: "B. Has large reserves of cheap labor and can produce inexpensive goods." <span>U. S. Companies have made fewer manufacturing tracks with China in the last few years preferring other countries in the region. </span>
Answer: B - reduce budget allocations to interstate highway maintenance
Explanation: when there's an inflationary gap in the economy, there's a partisitent rise in the general price level. To close the gap with fiscal policy, the government would aim to reduce money supply.
It's only reducing budget allocations to interstate highway maintenance that reduces money supply and therefore closes the inflationary gap.