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Nookie1986 [14]
3 years ago
14

g Consider the income-expenditure model. Suppose that the marginal propensity to consume is equal to 0.8. A reduction in taxes o

f $100 billion will cause output to:
Business
1 answer:
RideAnS [48]3 years ago
3 0

Answer:

increase by 400 billion dollars

Explanation:

marginal propensity to consume = mpc

tax multiplier = -mpc/1-mpc

from our question we were given mpc to be 0.8

-0.8/1-0.8

= -0.8/0.2

= -4

change in output = -4(-100)

= 400 billion dollars

for a $100 tax decrease, output will increase by $100 billion x 4

= $400 billion

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Journalize the following transactions for Henderson Company. Assume a perpetual inventory system. Also, assume a constant gross
otez555 [7]

Answer: See explanation

Explanation:

Merchandise inventory are goods which a wholesaler or distributor has gotten from the suppliers in order to sell to third parties.

On May 9, merchandise inventory was calculated as:

= 960 ÷ 13000 × 7800

= 576

Check the attached file for further explanation

4 0
3 years ago
In tax year 2020, a married taxpayer with AGI of $300,000 had gross investment income of $6,150 (which included a long-term capi
Irina-Kira [14]

The amount of net investment income tax that the taxpayer is required to pay is $231.

<h3 />

<h3>What is net investment income tax?</h3>

Net Investment Income Tax are generally imposed by the Internal Revenue on entities' net investment income.

Net investment income tax = ($6,150 - $75) * 3.8%

Net investment income tax = $6,050 * 3.8%

Net investment income tax = $231

In conclusion, the amount of net investment income tax that the taxpayer is required to pay is $231.

Read more about income tax

<em>brainly.com/question/25257355</em>

8 0
2 years ago
The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invent
weqwewe [10]

Answer:  $57,000

Explanation:

Given that,

Beginning finished goods inventory in units = 0

Units produced = 7,000

Units sold = 5,100

Sales = $663,000

Materials cost = $140,000

Variable conversion cost used = $70,000

Fixed manufacturing cost = $490,000

Indirect operating costs (fixed) = $102,000

Total Variable cost of units produced = Materials cost + Variable conversion cost used

                                                               = $140,000 + $70,000

                                                               = $210,000

Variable\ cost\ per\ unit = \frac{Total\ variable\ cost}{units\ produced}

                                               =\frac{210,000}{7,000}

                                               = $30

Units in ending inventory = Units produced - Units sold

                                          = 7,000 - 5,100

                                          = 1,900

Value of Variable costing ending inventory = Units in ending inventory × Variable cost per unit

                                                                        = 1,900 × $30

                                                                        = $57,000

5 0
3 years ago
Under a __________________ structure, there are two chains of command (functional and project), and project participants report
Volgvan

Under a matrix structure, there are two chains of command (functional and project), and project participants report simultaneously to both functional and project managers.

<h3>What is the functional approach?</h3>

The standard functional analysis is expanded in this format and is employed for the first time in the concept study of the vehicle. By using the value matrix, the cost/benefit matrix, the repair time matrix, and the supportability index matrix, the matrix form is utilized to analyze the system's functionality.

An earlier stage of concept vehicle definition allowed the designer-analyst to quickly and easily define the relationship between the choice structure and performance, costs and ranges of the importance of installed components, reliability and cost of repair time, logistic supportability, etc. The extended functional analysis could be the way of defining critical structure that does not impediment the project specification of the vehicle.

To know more about the Functional approach, visit: brainly.com/question/14897152

#SPJ4

8 0
1 year ago
Theona Thief stole an expensive watch from Valerie Victim. Theona then sold it through the classifed ads to Andy. Andy had no re
makkiz [27]

Answer:

E) Valerie

Explanation:

Going by the information in the above question, Valerie gets the watch

According to the law, the Watch will belong to Valerie and not Billy, and for the reason that one cannot buy something from anyone which doesn't belong to them.

So, the initial transaction that took place with Theona and Andy was null and void as well as any subsequent transaction were also nullified.

4 0
3 years ago
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