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3 years ago

Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. What is the real deficit or surplus

Business

1 answer:

algol133 years ago

4 0

Answer:

Real deficit is -$100 billion.

Explanation:

Since we have a nominal deficit in the question, what we are to calculate is the real deficit.

The real deficit can be described as the actual or nominal deficit that has been adjusted for the effect of inflation on the debt. Therefore, the real deficit can be calculated using the following formula:

Real deficit = Nominal deficit - (Debt * Inflation rate) ................. (1)

From the question, we have:

Inflation rate = 20%

Debt = $2 trillion = $2,000,000,000,000

Nominal deficit = $300 billion = $300,000,000,000

Substituting the values into equation (1), we have:

Real deficit = $300,000,000,000 - ($2,000,000,000,000 * 20%)

Real deficit = $300,000,000,000 - $400,000,000,000 = -$100,000,000,000 = -$100 billion

Therefore, real deficit is -$100 billion.

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Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the be

Dominik [7]

Answer:

Baab Corporation

a. Schedule of cost of goods manufactured:

Beginning work in process $ 27,850

Direct raw materials 280,150

Direct labor 377,850

Manufacturing overhead 297,279

Ending work in process ($ 9,850)

Cost of goods manufactured $973,279

b. The overhead was underapplied (by $9,121).

Explanation:

a) Data and Calculations:

Beginning Ending

Raw materials $ 14,850 $ 22,850

Work in process $ 27,850 $ 9,850

Finished Goods $ 62,850 $ 77,850

Estimated machine hours = 33,850

Manufacturing overhead cost = $294,495

Predetermined overhead rate = $294,495/33,850 = $8.70 per mh

Raw materials purchase $315,850

Raw materials used for production $307,850

Direct raw materials $280,150

Indirect raw materials $27,700

Direct labor$377,850

Indirect labor, $96,850

Administrative salaries, $172,850

Selling costs, $147,850

Factory utility costs, $10,850

Depreciation:

Factory Depreciation $171,000

Selling, general, and admin. $7,000

Total for the year was $178,000

Actual level of activity for the year = 34,170 machine hours

Sales for the year = $1,315,000

Manufacturing Overhead:

Indirect raw materials $27,700

Indirect labor, 96,850

Factory utility costs, 10,850

Factory Depreciation 171,000

Total overhead incurred $306,400

Overhead applied 297,279

Underapplied overhead $9,121

5 0

3 years ago

Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided th

g100num [7]

Answer:

$289,000

Explanation:

Predetermined overhead rate (Fixed) = Budgeted Fixed overhead cost / Budgeted hours

Predetermined overhead rate (Fixed) = 300,000/60,000

Predetermined overhead rate (Fixed) = $5 per hours

Applied Fixed overhead = Standard hours allowed × Predetermined overhead rate(fixed)

Applied Fixed overhead = 57,800 * $5 per hours

Applied Fixed overhead = $289,000

So, the fixed overhead applied to production during the period is $289,000

8 0

3 years ago

Which statement below best answers the economic question "How to produce"?

FromTheMoon [43]

Answer:

An artisan uses local wood from a sustainable tree farm to make products.

(third option listed)

Explanation:

<em>Producing </em>is the actual making of something, and so the question of "How to produce?" can be best answered by an explanation of the production process.

So, "An artisan uses local wood from a sustainable tree farm to make products." describes the process of production--how the artisan is making their products.

read more about production at brainly.com/question/1462676

hope this helps!!

4 0

2 years ago

A registered representative receives a telephone call from a customer who tells the representative to: "Sell my 500 shares of AB

astraxan [27]

Answer:

The registered representative should accept the client's sell order, but must mark the order ticket as a long term. The representative can accept the order because it is reasonable that the client will be able to deliver the shares by the time of the settlement. If the representative marked the order ticket as a short sale, it is probable that the client will not be able to deliver the shares on time.

Explanation:

8 0

3 years ago

what communication guidance would you give to varma and individuals like her who place an inordinately high value on body langua

Mumz [18]

This question is incomplete, here is the passage attached to the question:

Charisma Corporation (CC) has recently embarked on a new kind of training. The corporation is teaching many of its employees, especially those in the marketing and sales to make decisions on the basis of non verbal communication cues. For Malini Varma, VP of CC, focusing on non verbal communications has become an important part of her inter personal dealings.

Several years ago, Varma became interested in how body movements and mannerism truly reflect what an individual is saying. Continuously reading in this area of study, Varma has been able to take decisions about potential employees and potential customers by ‘reading’ them. Varma believes that body language can give a person competitive advantage. It can make difference while closing a deal or, as in CC’s case, while hiring employees. For example, during interviews, Malini pays constant attention to the candidate’s eye movements and mannerism. She believes that she can correctly predict if the candidate will be aggressive sales person while simultaneously being personable and friendly. How does she do it? She does this by looking at their eyes and the way they present themselves. In one case hiring decision came down to two people. The first person was animated and made constant eye contact. The second candidate never looked in the eyes of Malini. , leaned back in his/her chair, and crossed both his legs and arms. The first candidate demonstrated the communication skills that Varma thought aligned with successful performance in her organization. Malini Varma is convinced that communication skills play a significant role in helping her organization achieve its annual sales goals. Personally, she has found that it has helped her ‘quality’ customers. For instance even when a potential customer says,’ yes’ with his/her arms and legs crossed emphatically, it means, No! Understanding this, Varma is in a better position to probe further into the possible objections the customer has. She has found that, in many cases, she is able to steer the conversation in a direction that ultimately leads to successfully closing a sale. And that is a major competitive advantage.

EXPLANATION

The communication guidance that I would give to Varma and other individuals like her is that there is a need for one to maintain a balance between verbal and non-verbal communication, this is necessary in order to be able to communicate effectively.

Although, learning about non verbal communication is good, one should also learn about verbal communication. In order for Varma to ensure that she communicate effectively at all times, she needs to do the following:

1. Be objective in her interpretation of other people's non verbal communication: This is because different people communicate differently when it comes to non verbal communication. It is better to ask people for feedback in order not to misinterpret them.

2. She should improve her verbal communication skills: There is a need to expand her vocabulary in term of verbal communication.

3. Verma should also note that good communicators focuses on the receivers in order to ensure that their messages are perfectly understood. Verma should learn to pass information successfully to others and ensure that her messages are correctly decoded and interpreted in order to ensure accurate response.

7 0

3 years ago