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Semenov [28]
3 years ago
8

John Maynard Keynes described economics as an easy subject at which very few excel. Which of the following is not one of the rea

sons Keynes gave for why so few people excel at the study of economics? An economist must also be a mathematician, historian, statesman, and philosopher in some degree An economist must understand symbols and speak in words. An economist must be purposeful and disinterested in a simultaneous mood. An economist must understand environmental science, regulation, and political science Question 34 (2 points) When an economist points out that you and millions of other people are interdependent, he or she is referring to the fact that we all rely upon the government to provide us with the basic necessities of life rely upon one another for the goods and services we consume have similar tastes and abilities are concerned about one another's well-being Question 35 (2 points) a hor delete brt se C backspace 7 6 5 K G pause L
Business
1 answer:
user100 [1]3 years ago
6 0

Answer:

i) . An economist must understand environmental science, regulation, and political science is not one of the reasons Keynes gave for why so few people excel at the study of economics

ii)The answer is we rely upon one another for the goods and services we consume

Explanation:

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A project requires the purchase of $587,000 of equipment that will be depreciated straight-line to a zero book value over the fo
AlekseyPX

Answer:

The cash inflows in Year 2 is: $6,750

The present value of the project in Year 2 is: $5,286 (ignored the depreciation)

The Net Present Value in Year 2 is: $-642,112 (required return rate is 13%)

Explanation: <em><u>(See the attached table also)</u></em>

1. Initial investment: $587,000

2. Year 1:

- Sales: $625,000

- Cash expense: $487,000

- Money to support project: $625,000 x 12% = $75,000

- Tax to pay: $625,000 x 21% = $131,250

=> Cash inflow in Year 1:

            625,000 - 487,000- 75,000 - 131,250 = - 68,250

Present value: -68,250 : (1+0.13) = -60,398

NPV: -60,398 - 587,000 = - 647,398

Year 2:

- Capital from year 1: $75,000

- Sales: $625,000

- Cash expense: $487,000

- Money to support project: $625,000 x 12% = $75,000

- Tax to pay: $625,000 x 21% = $131,250

=> Cash inflow in Year 2:

      75,000 + 625,000 - 487,000- 75,000 - 131,250 = 6,750

Present value: 6,750 : [(1+0.13)^2] = 5,286

NPV year 2 = NPV Year 1 + PV Year 2 = -647,398 + 5,286 = -641, 112

4 0
3 years ago
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw mate
koban [17]

Answer: See explanation

Explanation:

The journal entry will be analysed below:

a. Dr Raw materials inventory $100,000

Cr Accounts payable $100,000

b. Dr Work in process inventory $42000

Cr Raw materials inventory $42000

Dr Factory overhead $15000

Cr Raw materials inventory $15000.

c. Dr Work in process inventory $36000

Dr Factory overhead $14000

Cr Cash $50,000

d. Dr Factory overhead $8250

Cr Cash $8250

e. Dr Work in process inventory = $36000 × 120% = $43200

Cr Factory overhead $43200

f. Dr Finished goods inventory $68175

Cr Work in process inventory $68175

g. Dr Cost of goods sold $68175

Cr Finished goods inventory $68175

Dr Accounts receivable $97000

Cr Sales $97000

7 0
3 years ago
U.S. Interest Rates during the Credit Crisis During the credit crisis, U.S. interest rates were extremely low, which enabled bus
Elan Coil [88]

Answer:

The insufficient expected low cash flows from investment caused by low demand for goods and services by the household.

Explanation:

A recession refers to contraction of the business cycle when economic activity fall generally.

In order to get out of recession, governments usually employ macroeconomic policies like increasing government expenditure, reducing taxation, and increasing money supply.  When the money supply  is increased, it leads to fall in the interest rate.

Interest rate is a cost of investment; and it is expected that investment will rise when the interest rate falls. However, this was not so during the US credit crisis despite that U.S. interest rates were extremely low majorly due to low demand.

During the credit crisis, there was a general low demand for goods and services by the household. This made businesses to be discouraged from investing in new projects, because it was expected that low demand will lead low cash flows from the investment.

The insufficient expected low cash flows was therefore the major factor that discouraged businesses to borrow cheap funds that were allowed by the extremely low interest rate.

I wish you the best.

7 0
3 years ago
Which of the following is true of general-purpose financial statements?
ehidna [41]

The option that tells us the truth about the general purpose financial statements is that, They provide important information at the least cost.

<h3>What is meant by the general purpose financial statement?</h3>

The term general purpose financial statement is used to refer to the financial statements that re used in the provision of information about the operations and the financial standing of a company or an organization. It also tells us of the cash flow that the organization is having.

Hence we can say that The option that tells us the truth about the general purpose financial statements is that They provide important information at the least cost.

Read more on the financial statements here: brainly.com/question/26240841

#SPJ1

8 0
2 years ago
Miguel is mixing up a salad dressing. Regardless of the number of servings, the recipe requires that 5/8 of the finished dressin
Leona [35]

Answer:

a) 15/29

Explanation:

The fraction in which the olive oil must be added = 5 / 8

Vinegar's fraction = 1 / 4

The remainder is = 1-\frac {5}{8}-\frac {1}{4} = 1 / 8

Salt, pepper and sugar are mixed evenly. SO,

Salt's fraction = Pepper's fraction = Sugar's fraction = 1 / 24

Thus, New recipe contains:

Olive oil's fraction = 5 / 8

He doubles the vinegar, So, Vinegar's fraction = 1 / 2

He missed sugar, so left ones are salt and pepper which are:

Salt's fraction = Pepper's fraction = 1 / 24

Total = (5 / 8) + (1 / 2) + (1 / 24) + (1 / 24) = 29 / 24

Olive oil's proportion = \frac {Amount\ of\ Olive\ oil}{Total\ amount}=\frac {\frac {5}{8}}{\frac {29}{24}}=\frac {5}{8}\times \frac {24}{29} = 15 / 29

6 0
3 years ago
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