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3 years ago

What did president hoover do to devise strategies for improving the economy?

1 answer:

7 0

The above answer is definitely correct in its details. I'd just like to emphasize a couple of important ideas about Hoover's response.

He tried to do more to fix the economy than any president had ever done before. The government had been very hands-off up to that point.He believed the government should not go in debt no matter what. This limited what he was willing to do. Please note that economists back then agreed with this idea so it's not like Hoover was just being mean. In fact, FDR believed the same thing and it's often said that he undermined the New Deal by trying to balance the budget too soon.

So, overall what I want to point out is that Hoover did more than anyone else, and he did what most economists of the time would have said was the right thing to do. But it didn't work and so he's seen as one of the worst presidents ever, which seems a bit unfair.

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BK Trucking has total equity of $25,380 and 1,500 shares outstanding.Its stock is currently selling at $38 per share. What is th

rjkz [21]

Answer:

2.25 times

Explanation:

The computation of the market-to-book ratio is shown below:

Market to book ratio = (Market price per share) ÷ (book value per share)

where,

Market price per share = $38 per share

And, the book value per share

= Total equity ÷ outstanding shares

= $25,380 ÷ 1,500 shares

= $16.92

So, the market to book ratio would be

= $38÷ $16.92

= 2.25 times

6 0

3 years ago

Explain five importance of a division of labour in production

bearhunter [10]

Explanation:

INNOVATION: When workers are set specific tasks, that is their pure focus. So it becomes easier to see pitfalls in the existing process. Doing the same task each day makes it easier to analyse areas for improvement. It takes up more of the brains processing power, so it is at the forefront of a workers mind.

HIGHER WAGES: It must be said that not all the productivity gains are necessarily passed on to the consumer. A proportion may go to profits, whilst some may go to higher pay for employees.

CHEAPER PRODUCTS: It must be said that not all the productivity gains are necessarily passed on to the consumer. A proportion may go to profits, whilst some may go to higher pay for employees.

PRODUCTIVITY: When workers focus solely on a specific task, they can master it quicker and more efficiently. In turn, workers become more productive.

EFFICIENT MASTERY: Without the division of labor, mastery of a skill takes much longer. This is because a workers attention is spread across many areas.

For instance, it would be difficult to master a language if you are also trying to learn the piano, engineering, CSS, and economics. So, the division of labor allows the worker to focus and master a specific part of the process, which helps them learn it faster.

6 0

3 years ago

you invest $25,000 in a Perpetuity fund that pays you $3,000 a year forever what is your rate of return in this investment

mote1985 [20]

Answer:

12%

Explanation:

Calculation for what is your rate of return in this investment.

Using this formula

Rate of return=Amount paid a year /Amount invested in

Perpetuity fund

Let plug in the formula

Rate of return=$3,000/$25,000

Rate of return=0.12*100

Rate of return=12%

Therefore the Rate of return will be 12%

8 0

3 years ago

The paper is written, the next step is to __________. limit your topic and make the purpose of your paper clear use an acceptabl

JulijaS [17]

The next step to be approached after the paper is written is that an individual should limit their topic and that they should make a purpose of the paper as this is a method that is effective when planning and making an effective essay or topic.

3 0

3 years ago

On January 1, Year 1, the Mahoney Company borrowed $164,000 cash from Sun Bank by issuing a five-year 8% term note. The principa

Georgia [21]

Answer:

Principal payment = $27,505.00

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.

The principal repayment in year 1 = Annual payment - Interest payment in year 1

Interest payment in year = Interest rate × Principal Amount

=8% × 164,000

= $13,120.00

Principal payment = $40,635 - 13,120 = $27,505.00

Principal payment = $27,505.00

8 0

3 years ago