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USPshnik [31]
3 years ago
7

"Keynes believed that" a.Say's law would hold in a laissez-faire economy. b. the economy would always be near or on its producti

on possibilities frontier. c. wages and prices are often inflexible in the downward direction. d. the equilibrium level of output will always be at the full-employment level of output.
Business
1 answer:
sashaice [31]3 years ago
3 0

Answer:

c. wages and prices are often inflexible in the downward direction

Explanation:

While the prices of the products can decrease in a recession when there is a decrease in demand there is an excess in the supply, therefore, the price decreases but, in real life that doesn't occur people prefer not to work rather than going to work for a lesser amount most of the times. The same goes for some prices under which the producer or manufacture firm does not reduce the price.

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Is your company is a good, average, or weak competitive position compared to rival companies? How do you know?
dolphi86 [110]

Answer: How to Tell If a Company Is the Right Fit

Ask questions about culture, but be strategic about it.  

Repeat: Do ask questions during the interview process.  

Do a visual scan of the office or ask for a tour.  

Mine your network.  

At the final stages of the interview process, ask for a peer interview.

Explanation:

8 0
4 years ago
After preparing the firm's trial balance, cole's accounting staff notices that the total of the debit column is $52,500, while t
Len [333]
<span>In this case the total of debit column is more than that of credit column. It can be because of two situations. One situation is that the expenses are recorded twice or more in the books in the account due to which the debit side is coming more than the credit side. Or other way around, the income has been recorded less than what needs to be actually recorded.Hence there is an accounting error committed in this scenario.</span>
7 0
4 years ago
Consider the following financial statement information for the Sourstone Corporation:
DENIUS [597]

Answer:

A. 56.32 days

B. 40.38 days

Explanation:

The Operating cycle is the Inventory period + AR period

Inventory period= 365/(Cost of goods sold/Average inventory)

Average inventory= (Beginning Inventory + Ending Inventory)/2

Accounts Receivable period= 365/(Credit Sales/Average Accounts Receivable )

Average Accounts Receivable= (Beginning Accounts Receivable + Ending Inventory Accounts Receivable)/2

Calculated Inventory period= 42.58 days

Calculated Accounts Receivable period= 13.74 days

The Cash cycle is also called the Net Operating cycle which is the Inventory period + Accounts Receivable period- Accounts Payable period

Accounts Payable period= 365/(Cost of goods sold/Average Accounts Payable)

Average Accounts Payable = (Beginning Accounts Payables + Ending Inventory Accounts Payable)/2

Calculated Accounts Payable period= 15.94 days

5 0
3 years ago
Jagadison Co. leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of
Olegator [25]

Answer:

$360,308

Explanation:

The computation of the  total amount of interest revenue is shown below:

But before that we have to determine the annuity payment per year which is

​Annuity payment per year is

= Fair value ÷ PVIFA for 10% for 5 years

= $991,692 ÷ 5.868

= $169,000

Now Total payments for eight years is

= $169,000 × 8

= $1,352,000

So, the amount of interest revenue is

= Total payments made for eight years - Fair value

= $1,352,000 - $991,692

= $360,308

8 0
4 years ago
A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private
Alekssandra [29.7K]

Answer:

Gross investment will be equal to $175 billion

Explanation:

We have given nation's capital stock at the start = $200 billion

And capital stock at the end = $350 billion

Consumption of private fixed capital in the year = $25 billion

We have to find the gross investment

Gross investment is equal to

Gross investment =  Capital stock at the end of the year + consumption of private fixed capital - Capital stock at the starting of the year

= $350+$25-$200 = $175

So gross investment will be equal to $175 billion

4 0
3 years ago
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