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sammy [17]
2 years ago
6

Practice: True or False 1. Investment spending is spending on financial assets like stocks and bonds F 2. Transfer payments are

not counted in the calculation of GDP 3. If the nominal GDP increases then the economy is definitely experiencing inflation 4. An economy is not at full employment unless there is no unemployment 5. Countries that have generous unemployment benefits tend to have higher natural rates of unemployment 6. Lumberjacks are structurally unemployment when they are replaced by machines
Business
2 answers:
Colt1911 [192]2 years ago
8 0

Answer:

1. False

2. True

3. False

4. False

5. True

6. True

Explanation:

1. False: Investment spending is spending on financial assets like stocks and bonds.

2. True: Transfer payments are not counted in the calculation of GDP.

3. False: If the nominal GDP increases then the economy is definitely experiencing inflation.

4. False: An economy is not at full employment unless there is no unemployment.

5. True: Countries that have generous unemployment benefits tend to have higher natural rates of unemployment. 6. True: Lumberjacks are structurally unemployment when they are replaced by machines.

Aleksandr [31]2 years ago
3 0

Answer:

1. False

2. True

3. False

4. False.

5. True

6. True

Explanation:

Investment spending is the purchases of land, machinery, infrastructure or production inputs. Investment spending is different from investment, which is the purchase of financial instruments like bonds, stocks, and derivatives.

Transfer payments are not calculated in the GDP. An example of a transfer payment is a welfare check that is received by a household. Transfer payments are not included because nothing gets produced as money is simply just transferred from one group to another.

Nominal GDP increases due to a positive economic growth. The nominal GDP could increase because production has increased and due to increase in in the price.

Full employment means that the unemployment has fallen to a lowest possible level which won't cause inflation. Full employment does not mean there won't be unemployment at all in the economy.

Countries that have generous unemployment benefits tend to have higher natural rates of unemployment unemployment because the workers are always coming and going, looking for better jobs.

Lumberjacks are structurally unemployment when they are replaced by machines because it is an unemployment that results.from industrial reorganization, due to technological change.

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Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to
antoniya [11.8K]

Answer:

a. $120

b. 5,000 units

c. 7,000 units

Explanation:

Hi, your question is incomplete, I found the full question online and uploaded text and image below.

Workings and explanations :

Contribution margin per unit = Sales - Variable Cots

                                                = $200 - $80

                                                = $120

Break even (units) = Fixed Costs ÷ Contribution margin per unit

                               = $600,000 ÷ $120

                               = 5,000 units

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                                                           = ($240,000 + $600,000) ÷ $120

                                                           = 7,000 units

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<u>FULL DETAILS OF THE QUESTION IS AS FOLLOWS :</u>

<em>Information concerning a product produced by Ender Company appears here: Sales price per unit $ 200 Variable cost per unit $ 80 Total annual fixed manufacturing and operating costs $ 600,000</em>

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Answer:

Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock.

Dr Cash 100,750

    Cr Common stock 100,750

The company purchased office supplies for $1,250 cash.

Dr Supplies 1,250

    Cr Cash 1,250

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Dr Equipment 10,050

    Cr Accounts payable 10,050

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Dr Cash 15,500

    Cr Fees earned 15,500

The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction

Dr Accounts payable 10,050

    Cr Cash 10,050

c. The company billed a customer $2,700 as fees for services provided.

Dr Accounts receivable 2,700

    Cr Fees earned 2,700

The company paid $1,225 cash for the monthly rent.

Dr Rent expense 1,225

    Cr Cash 1,225

The company collected $1,125 cash as partial payment for the account receivable created in transaction

Dr Cash 1,125

    Cr Accounts receivable 1,125

f. The company paid a $10,000 cash dividend to the owner (sole shareholder).

Dr Dividends 10,000

    Cr Cash 10,000

<u>Cash</u>                                                     <u>Common stock</u>

debit        credit                                   debit        credit  

100,750                                                                100,750

                1,250

15,500

                10,050

                1,225

1,125

<u>                 10,000</u>

94,850

<u>Supplies</u>                                               <u>Equipment</u>

debit        credit                                   debit        credit  

1,250                                                    10,050

<u>Accounts payable</u>                               <u>Fees earned</u>

debit        credit                                   debit        credit  

                10,050                                                  15,500

<u>10,050                  </u>                                <u>                 2,700  </u>

0               0                                                           18,200

<u>Accounts receivable</u>                           <u>Rent expense</u>

debit        credit                                   debit        credit  

2,700                                                    1,225

<u>                 1,125   </u>

1,575

<u>Dividends</u>                                            

debit        credit                                  

10,000

5 0
2 years ago
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