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2 years ago

Which of the following would occur if Congress voted to decrease spending?

1 answer:

5 0

The answer is : Price Level would increase

If the Congress voted to decrease spending, the Gross Domestic Product in that country would decrease,

IF GDP increase, the output will decrease which will eventually lead to increase in unemployment and an increase to price level ( the less the products, the higher the price would be)

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The death benefit of a(n) _____ life insurance policy may go down because of poor investment returns.

ICE Princess25 [194]

The death benefit of a(n) variable and universal life insurance policy may go down because of poor investment returns.
Universal life insurance and variable life insurance are two types of permanent life insurance, in this case if the the person who insured dies any time as long as there is enough cash value to pay the costs of insurance in the policy, the death benefit will be paid.

6 0

3 years ago

During the year,Liptom Company made an entry to write off a $4,000 uncollectible account. Before this entry was made, the balanc

Andru [333]

Answer:

$55,500

Explanation:

The computation of the net realizable value after the write off entry is show below:

The credit balance in allowance with terms to bad debts is

= $4,500 - $4,000

= $500

Now the net realizable value is

= ($60,000 - $4,000) - ($4,500 - $4,000)

= $56,000 - $500

= $55,500

Hence, the same is to be considered

7 0

2 years ago

Here are data on two companies. The T-bill rate is 5.8% and the market risk premium is 7.4%.

cupoosta [38]

Answer:

18.38% and 13.2%

Explanation:

As we know that

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

So for Discount store, it is

= 5.8% + 1.7 × 7.4%

= 5.8% + 12.58%

= 18.38%

And for everything store, it is

= 5.8% + 1.0 × 7.4%

= 5.8% + 7.4%

= 13.2%

The Market rate of return - Risk-free rate of return) is also known as the market risk premium and the same is applied.

5 0

3 years ago

Eva received $55,000 in compensation payments from JAZZ Corp. during 2018. Eva incurred $7,000 in business expenses relating to

larisa [96]

Answer:

A. $4200

B. $7,599.20

C. $6,782

D. $3,113

Explanation:see attached file

3 0

2 years ago

pany is considering the purchase of a new bubble packaging machine. If the machine will provide $15,000 annual savings for 12 ye

finlep [7]

Answer:

Present Value= $74,018.97

Explanation:

Giving the following information:

The machine will provide $15,000 annual savings for 12 years and can be sold for $48,000 at the end of the period.

Interest rate= 15%

To determine the present value of the savings, first, we need to determine the future value at the rate provided.

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual save

FV= {12,000*[(1.15^12)-1]}/ 0.15

FV= 348,020 + 48,000= $396,020

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 396,020/1.15^12= $74,018.97

4 0

3 years ago