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34kurt
3 years ago
13

Given the following information about the closed economy of Brittania, what is the level of investment spending and private savi

ngs, and what is the budget balance? Assume there are no government transfers. GDP = $ 1260.00 million T = $ 320.00 million C = $ 720.00 million G = $ 270.00 million I = $ million Private savings = $ million Budget balance = $ million
Business
1 answer:
arlik [135]3 years ago
6 0

Answer:

$270 million; $220 million; $50 million

Explanation:

Given that,

GDP = $ 1260.00 million

T = $ 320.00 million

C = $ 720.00 million

G = $ 270.00

Formula for calculating GDP by expenditure method is as follows:

GDP = Consumption + Investment spending + Government spending

$1,260 = $720 + Investment spending + $270

$1,260 = $990 + Investment spending

$1,260 - $990 = Investment spending

$270 million = Investment spending

Private savings refers to the savings of the households. It is calculated by  subtracting the taxes and consumption spending from the income level.

Private savings:

= GDP - Taxes - Consumption spending

= $1,260 - $320 - $720

= $220 million

Public savings refers to the savings done by the government. Public savings is calculated by subtracting the government expenditure from the taxes.

Public savings = Taxes - Government spending          

                        = $320 - $270

                        = $50 million

Therefore, a positive public savings indicates that there is a budget surplus.

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A university cafeteria line in the student union hall is a self-serve facility in which students select
Setler [38]

Answer:

The answer to this question is a= µ=60/12=5 students/min

Explanation:

Solution

Given that:

λ=4 students / min

The Waiting time in Queue= λ /µ(µ- λ )==4/(5*(5-4))=0.8 min

The Number of students in the line L(q)= λ *W(q)= 4*.8= 3.2 students

TheNumber of students in the system L(q)= λ /(µ- λ )=4/(5-40=4 students

Then,

The Probability of system to be empty= P0= 1-P= 1-0.8= 0.2

Now,

If the management decides to add one more cashier with the same efficiency then  we have

µ= 6 sec/student= 10 students/min.

so,

P= λ /µ =4/10=0.4

Now,

The probability that cafeteria is empty= P0= 1-0.4= 0.6

If we look at the above  system traits, it is clear that the line is not  empty and the students have to standby for 0.8  in the queue waiting to place their order and have it, also on an average there are 3.2 students in the queue and in the entry cafeteria there are 4 students who are waiting to be served.

If the management decides to hire one more cashier with the same work rate or ability, then  the probability of the cafeteria being free moves higher from 0.2 to 0.6 so it suggests that the management must hire one additional cashier.

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3 years ago
Why is international trade important to most countries?
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The answer to your question is D
6 0
3 years ago
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Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals
lys-0071 [83]

Answer and Explanation:

The categorization is shown below:

1 Purchase of a patent = Investing activities  as it represents in a negative sign because it is a cash outflow

2 Depreciation expense Operating activities  as it is added to the net income

3 Decrease in accounts receivable =  Operating activities  as it is added to the change in adjustments column

4 Issuance of a note payable = Financing activities  as it represents in a a positive sign because it is a cash inflow

5 Increase in inventory = Operating activities  as it is deducted from the change in adjustments column

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7 Purchase of equipment  = Investing activities  as it represents in a negative sign because it is a cash outflow

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4 0
3 years ago
. JetGreen Cleaners makes 80% of its sales on credit. Experience shows that 25% of the credit customers pay in the month of sale
anastassius [24]

Answer:

July = $237,600

August = $238,400

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Note that credit sales account for only 80% of total sales, the remainder should be considered as cash receipts in the month of sale. Cash receipts for July are 20% of July total sales, plus 25% of July credit sales, plus 55% of June credit sales, and 20% of May credit sales:

J = 0.20*280,000+0.8*(0.25*280,000+0.55*220,000+0.20*180,000)\\J= \$237,600

Cash receipts for August are 20% of August total sales, plus 25% of August credit sales, plus 55% of July credit sales, and 20% of June credit sales:

A = 0.20*200,000+0.8*(0.25*200,000+0.55*280,000+0.20*220,000)\\A= \$238,400

Budgeted cash receipts are:

July = $237,600

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Which type of interest can earn more money over the long term?
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Compound interest would be the correct answer.
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