You buy a house for $299,000.

If congress and the president decide an expansionary fiscal policy is necessary, what changes should they make in government sp

Leno4ka [110]

If congress and the president decide an expansionary fiscal policy is necessary, what changes should they make in government spending or taxes? In this case, congress and the president should enact policies that increase government spending and decrease taxes.

An expansionary policy is a macroeconomic policy that encourages economic growth by expanding the money supply.

What changes should they make if they decide a contractionary fiscal policy is necessary? I<span>n this case, congress and the president should enact policies that decrease government spending and increase taxes.

A contractionary fiscal policy is made up of the governments budget including spending, taxes, transfer payments or social security. </span>

8 0

2 years ago

Chillmax Company had planned to sell 3,500 pairs of shoes at $60 each in the coming year. Unit variable cost is $21 (includes di

Tema [17]

Answer:

Margin of safety (units)= 1,500 units

Margin of safety (dollars)= $90,000

Explanation:

Giving the following information:

Sales= 3,500 units

Selling price= $60

Unitary variable cost= $21

Total fixed cost equals $78,000

First, we need to calculate the break-even point both in units and dollars:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 78,000/ (60 - 21)

Break-even point in units= 2,000 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 78,000/ (39/60)

Break-even point (dollars)= $120,000

Now, we can determine the margin of safety:

Margin of safety= (current sales level - break-even point)

Margin of safety (units)= 3,500 - 2,000= 1,500 units

Margin of safety (dollars)= 210,000 - 120,000= $90,000

8 0

2 years ago

When the Federal Reserve lends money to banks and other financial institutions because no one else will, it is: Please choose th

inessss [21]

The Federal reserve is acting as a lender of last resort when its lends money to banks and other financial institutions because no one else will/

<h3>What is the Federal Reserve?</h3>

It is the United states central banking system that is responsible for the nation's monetary policy and regulation of the supply of money and interest rates.

One of the role of Federal reserve is to act as a lender of last resort when its lends money to banks and other financial institutions because no one else will.

Therefore, the Option A is correct.

Read more about Federal Reserve

<em>brainly.com/question/25843620</em>

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7 0

1 year ago

Adrian is one of several engineers applying for a job recently advertised on the internet. While writing his email cover letter,

umka2103 [35]

Adrian is one of several engineers applying for a job recently advertised on the internet. While writing his email cover letter, adrian should identify the position applied for in the project line.

In an email while applying for any job, jobseeker should use the job title as the subject line, so that the employer get to know what position the jobseekers are interested in.

That helps the busy hiring managers who are recruiting for multiple positions to see at a glance which job jobseeker are applying for.

Mentioning the job title which is also helpful in the case there is an automated filter that categorizes the hiring manager’s email. With the right subject line, jobseeker will be sure that his application is placed in the appropriate folder to be seen in a timely manner.

To know more about job title here:

brainly.com/question/12174315

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7 0

1 year ago

In the early 2000’s, there were a series of well publicized events that effected the credibility of the accounting profession.Th

kolezko [41]

Answer:

The correct answer is Public Company Accounting Oversight Board.

Explanation:

The Sarbanes Oxley Law was enacted in the United States with the purpose of monitoring companies that are listed on the stock exchange, preventing the valuation of their shares from being altered doubtfully, while their value is lower. Its purpose is to avoid fraud and bankruptcy risk, protecting the investor.

This law, beyond the local level, also involves all companies listed on the NYSE (New York Stock Exchange), as well as its subsidiaries.

This law arose in response to the financial scandals of large corporations, such as: Enron, Tyco International, WorldCom and Peregrine Systems, as these diminished the public's confidence in the accounting systems and, above all, in the audit.

4 0

3 years ago