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3 years ago

In keynes's view, a short-term budget deficit due to government spending or tax cuts is

1 answer:

8 0

In Keynes's view, a short-term budget deficit due to government spending or tax cuts is "sometimes necessary to help stimulate the economy".

Keynesian economics which is also known as Keynesianism depicts the theories related to economics presented by John Maynard Keynes. Keynes said capitalism is a decent financial framework. In a capitalist framework, individuals procure cash from their work. Organizations utilize and pay individuals to work. At that point individuals can spend their cash on things they want.

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A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as e

qwelly [4]

Answer is given below

Explanation:

Asset is The property means and controls the business owner and its use will generate future financial benefits.
Liability is the current liability of an organization arising from past events, which is the flow of financial benefit from settlement.
Equity is the remaining interest in a company because its liabilities are deducted from the assets.
Revenue means income derived from the normal activities of the business.
Expense arises at time in the morning activities

S.no Particulars Answer

a Advertisement expense expense

b rent expense expense

c rent receivable Asset

d Machinery Asset

e Account payable Liability

f Furniture Asset

g common stock Equity

h Utility Expense expense

8 0

4 years ago

It costs Crane Company $28 of variable costs and $15 of allocated fixed costs to produce an industrial trash can that sells for

Taya2010 [7]

Answer:

Effect on income= $6,000 increase

Explanation:

Giving the following information:

Unitary variable cost= $28

Selling price= $30

Number of units= 3,000

Because it is a special offer and there is unused capacity, we will not take into account the allocated fixed costs.

Effect on income= 3,000*(30 - 28)

Effect on income= $6,000 increase

8 0

3 years ago

A citizen group raised funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, t

alisha [4.7K]

Answer:

income statement for the year ended

investment income $48,000

Intergoverment grant 8,000

Net increase in fair value of investemnt 2,000

Total Income 58,000

Expenditure - Subscription (39,500)

Net income 18,500

Balance sheet as at the year end

Asset

cash $8,500

Investment 518,000

Accrued interest receivable 2,000

528,500

Additional to permanent endowments 510,000

Net Income 18,500

528,500

Explanation:

6 0

3 years ago

In the second half of the twentieth century, Japan experienced exceptional growth. According to World Bank data, in 1985, Jap

Aleks04 [339]

Answer:

$17.02 trillion

Explanation:

The computation of the projected GDP in 2010 is shown below:

= Japan's GDP × (1 + annual growth rate)^difference in years

= $3.67 trillion × (1 + 6.33%)^25

= $3.67 trillion × (1.0633)^25

= $3.67 trillion × 4.6386899679

= $17.02 trillion

The difference in years would be

= Year 2010 - Year 1985

= 25 years

Hence, all the given information is relevant

7 0

3 years ago

QS 7-5 Allowance method for bad debts LO P2 Gomez Corp. uses the allowance method to account for uncollectibles. On January 31,

Kaylis [27]

Answer:

Jan 31

Dr Allowance for doubtful accounts $2,800

Cr Accounts receivable—C. Green $2,800

Mar 09

Dr Accounts receivable—C. Green $2,300

Cr Allowance for doubtful accounts $2,300

Mar 09

Dr Cash $2,300

Cr Accounts receivable—C. Green $2,300

Explanation:

1. Preparation of the journal entry for January 31

Jan 31

Dr Allowance for doubtful accounts $2,800

Cr Accounts receivable—C. Green $2,800

2. Preparation of the journal entries for March 9

Mar 09

Dr Accounts receivable—C. Green $2,300

Cr Allowance for doubtful accounts $2,300

Mar 09

Dr Cash $2,300

Cr Accounts receivable—C. Green $2,300

6 0

3 years ago