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3 years ago

Officials argue that the government needs to reduce the national debt. Which actions are most likely to accomplish this goal?

2 answers:

6 0

If o<span>fficials argue that the government needs to reduce the national debt, I believe that the actions that are most likely to accomplish this goal are to <span>increase taxation and decrease spending.
</span>If they increase taxation, more money will come into the state fund, and if they decrease spending, more money will actually stay there.</span>

Zina [86]3 years ago

5 0

Decrease taxation and spending

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Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $21, computed as fol

Len [333]

Answer:

$4 advantage

Explanation:

In this question we need to compare the cost between the relevant cost and the outside supplier cost

The relevant cost is

= Direct material per unit + direct labor per unit + variable manufacturing overhead per unit + fixed manufacturing overhead per unit

= $8 + $5 + $3 + $5 × 80%

= $8 + $5 + $3 + $4

= $20

Since 80% of the fixed manufacturing cost above is eliminated so we considered the same

And, the outside supplier cost is $16

So based on the above calculation, the financial advantage is

= $20 - $16

= $4 advantage

This shows the company should purchased from outside supplier as it saves $4

3 0

2 years ago

The primary purpose of a fund is (p. 21-22)

tamaranim1 [39]

Answer:

To segregate an organization's resources according to the purpose(s) for which they are to be used.

Explanation:

A fund is a certain amount of money that is set aside for a specific purpose. These types of funds are often invested and managed by professional protfolio managers so that they make gains over time. Example of funds includes pension funds, insurance funds, endowments, and foundations.

For a company formation of funds helps the company segregate their resources so that they can be effectively allocated toeet various business needs.

6 0

3 years ago

Which country has had a higher growth rate than the US over about the last 120 years?

Drupady [299]

Highest growth rate based on GDP rate is found in Japan. This has been an ongoing trend for the last 100 years.

6 0

2 years ago

Indicate what components of GDP (if any) each of the following transactions would affect.

kvv77 [185]

Answer:

It will fall under Consumption if it is a commodity or non-capital good purchased.

It will fall under Investment if it is a capital good that was sold or purchased.

It will fall under Government Spending if the Government bought or paid for it.

It will fall under Net Exports if it involves the purchase of goods from another country or the sale of goods to another country.

You buy a new Toshiba computer - CONSUMPTION AND NET EXPORTS.

Toshiba is a Japanese Company.

Ford manufactures a Focus and sells it to Avis, the car rental company. INVESTMENT.

It becomes a capital good to Avis.

Dell sells a desktop computer from its inventory to the Johnson family . - CONSUMPTION and INVESTMENT.

The Desktop is considered a capital good as it can be an investment by the family to produce goods or services.

Aunt Jane buys a new house from a local builder. INVESTMENT

Housing is a capital good.

The federal government sends your grandmother a Social Security check. - TRANSFER PAYMENT which means it is not to be included in GDP.

Texas hires public middle school teachers . - GOVERNMENT SPENDING.

Texas will be spending to pay teacher's salaries.

You pay a domestic plumber for fixing a leak in your bathroom. - CONSUMPTION.

Uncle Paul pays a domestic contractor for renovating his home - CONSUMPTION.

This is housing but it involves buying goods to change the appearance of the house not buying the house itself.

6 0

3 years ago

Keesha Co. borrows $230,000 cash on December 1 of the current year by signing a 150-day, 12%, $230,000 note. 1. On what date doe

muminat

Answer:

See explanation section

Explanation:

Requirement 1

April 30 is the maturity date of the note.

December 31 + January 31 + February 28 + March 31 + April 30 = 150 days.

Therefore, the note will be matured in the April 30, next year.

Requirement 2 & 3

Current year Interest: December 1 - December 31 = 30 days interest = $230,000 × 12% × (30 ÷ 360) = $2,300.

Following year Interest: January 1 - April 30 = 120 days interest = $230,000 × 12% × (120 ÷ 360) = $9,200.

Total Interest = $11,500

Requirement 4

Journal Entries

(a) Dec. 1 Cash Debit $230,000

Notes payable Credit $230,000

To record the borrow a loan by issuing a 150-day, 12% note.

(b) Dec. 31 Interest Expense Debit $2,300

Interest payable Credit $2,300

To record the accrued interest expense on December 31 (Current year).

Interest payable Debit $2,300

Interest Expense Debit $9,200

Cash Credit $241,500

To record the payment of the note at maturity.

6 0

3 years ago