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uranmaximum [27]
3 years ago
14

During the Great Depression, factory production fell by almost half and about 25 percent of the nation's workforce was unemploye

d. Because of these conditions, President Franklin D. Roosevelt instituted programs to restore the economy and improve social conditions. Laws were passed to correct abuses by big business and to provide social services for individuals. As , awareness of social responsibility has increased.
Business
1 answer:
Andre45 [30]3 years ago
6 0

Answer: The Government increased their involvement in all economic activities.

Explanation: During the Great Depression, President Franklin D. Roosevelt instituted programs to restore the economy and improve social conditions.

The government’s role in America grew more than in any era before the great depression which includes creation of about twenty three new agencies, Social Security Act was passed and one in seven Americans received a Social Security benefit and more than 90 percent of all workers are in jobs covered by Social Security.

The congress passed the Agricultural Adjustment Act (AAA) to provide economic relief to farmers and the creation of a civil works administration which was a work relief program that gave jobs to many unemployed people.

The programs and institutions that were created above prove to be invaluable to the success and growth of the most powerful nation in the world.

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Acme Company has variable costs equal to 30% of sales. The company is considering a proposal that will increase sales by $12,000
mina [271]

Answer:

$0

Explanation:

The net income is the difference between the sales and total cost which comprises of the variable cost and fixed cost. The sales and variable cost are dependent on the number of units sold.

Let

u = number of units

s = selling price per unit

v = variable cost per unit

F = Fixed cost

I = Net income

I = su - F - vu

but vu = 0.3su

Hence

I = su - 0.3su - F = 0.7su - F

Given that the proposal will increase sales by $12,000,

New sales = su + 12000          ( in $)

and total fixed costs by $8,400

New fixed cost = F + 8400

New variable cost = 0.3( su + 12000) = 0.3su + 3600

New net income = su + 12000 - 0.3su - 3600 - F - 8400

= 0.7su - F

New net income is same as the old net income hence no increase.

4 0
3 years ago
In the presence of producer producer rivalry the price will tend to be ___.
vodomira [7]

Answer:

The correct answer is letter "A": be driven to a lower price.

Explanation:

Typically, when there is a producer to producer competition, the competing companies tend to <em>lower </em>their product prices. This happens because of the belief consumers are mainly price driven at the moment of discriminating in choosing to buy one good over another. Though, it allows consumers to at least have a couple of sources from where to choose at a fair price.

6 0
3 years ago
A government entered into a general government capital lease in the prior year. During the current year, a lease payment of $50,
m_a_m_a [10]

Answer:

Net increase in Capital Assets with amount of USD 38,000/-

5 0
3 years ago
Kesselring Corporation makes one product and has provided the following information to help prepare the master budget for the ne
Pepsi [2]
C just because that’s the answer
7 0
3 years ago
QUICK ONE!
never [62]

Answer:

Rate is 1.5 times the straight line depreciation rate which is;

= \frac{80,000}{8}

= $10,000 per year

Rate = \frac{10,000}{80,000} * 100%

=12.5%

Reducing balance rate = 12.5% * 1.5

= 18.75%

The Depreciation Schedule would be;

Year   Beginning Book Value  Depreciation Expense   Accumulated Depreciation   Book Value

1  $80,000  80,000*18.75% = $15,000   $15,000   $65,000

2  $65,000  65,000 * 18.75% = $12,1875.50   $27,187.50   $52,812.50

3  $52,812.50  52,812.5 *18.75% = $9,902.34   $37,187.84   $42,910.16

4  $42,910.16  42,910.16 * 18.75% = $8,045.66   $45,233.50   $34,766.50

5  $34,766.50  34,766.50 * 0.1875 = 6,518.72   $51,752.22   $28,247.78

6  $28,247.78  28,247.78 * 0.1875= $5,296.45   $57,048.67   $22,951.33

7  $22,951.33  22,951.33 * 0.1875= 4,403.37   $61,452.04   $18,547.96

8  $18,547.96  18,547.96 * 0.1875 = $3,477.74    $80,000   $0

   $3,477.74 + 15,070.22= $18,574.96      

Depreciation for the last year was not sufficient to take the truck to $0 so the remainder will be depreciated in that year so that it may be completely depreciated.

3 0
3 years ago
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