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3 years ago

Which of the following fiscal policy action would cause the economy to contract?

1 answer:

4 0

<span>This is a tricky question, because most of the answers provided are correct. For instance, by raising taxes, the government drops down the demand rates, as well as by decreasing the money supply (in that case, it also prevents economy from falling into an inflating situation). As for balancing the budget, this economical move entails decreasing the public expenditure and, therefore, contracting the demanding economical figures too. </span>

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A concrete block making company is developing an aggregate capacity plan from the following sales forecast for its 6” and 8” con

prohojiy [21]

We need to see that table pls send a picture to it also if u may pls mark me braliest

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3 years ago

An aging of a company's accounts receivable indicates that the estimate of uncollectible receivables totals $4,705. If Allowance

Vaselesa [24]

Answer:

Debit to bad debt expense for $3,648

Explanation:

This is because the company needs to show the total amount in the Allowance for doubtful accounts as credit balance. It means that if for instance the balance today is $1,057 you'll need a new entry to adjust the balance with the bad debt.

It means that the entry must be a debit in bad debt expense for $3,648 while the corresponding credit goes to allowance for doubtful accounts.

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3 years ago

According to the _________ concept, a firm must (1) find out what customers want and provide it, (2) make sure everyone in the o

In-s [12.5K]

Answer: marketing

Explanation: In simple words, marketing refers to the set of activities that are performed by an organisation with the objective promoting the products that they are offering in the market.

It focuses on providing the customer those products that increases their level of satisfaction to the maximum level. It involves ascertaining the needs of customers and then making a suitable product.

Thus, from the above we can conclude that the correct option is C.

5 0

3 years ago

Joe has $100,000 in an investment account. He is looking to retire in 12 years. He needs a minimum of $240,000 in order to retir

Paul [167]

Answer:

Present value (PV) = $100,000

Number of years (n) = 12 years

Future value (FV) = $240,000

FV = PV(1 + r)n

$240,000 = $100,000(1 + r)12

<u>$240,000</u> = (1 + r)12

$100,000

2.4 = (1 + r)12

12√2.4 = 1 + r

1.0757 - 1 = r

0.0757 = r

r = 0.0757 = 7.57% = 8%

Explanation:

In this case, we need to apply the formula for future value of a lump sum (single investment). The present value, future value and number of years have been provided in the question with the exception of interest rate. Thus, interest rate becomes the subject of the formula,which implies that we will solve for interest rate.

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4 years ago

Consider a competitive market for which the quantities demanded and supplied (per year) at various prices are given as follows:

kipiarov [429]

Answer and Explanation:

A. Price elasticity of demand

Price(P0) = $80 , Q0 = 20

Price(P1) = $100 , Q1 = 18

Price elasticity of demand =

$\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-20}{\frac{18+20}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{-2}{\frac{38}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{-2}{19} }{\frac{20}{90} } }\\\\-0.47$

Price elasticity of demand = 0.47

B. Price elasticity of supply

Price(P0) = $80 , Q0 = 16

Price(P1) = $100 , Q1 = 18

Price elasticity of supply =

$\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-16}{\frac{18+16}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{2}{\frac{34}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{2}{17} }{\frac{20}{90} } }\\\\0.53$

Price elasticity of supply = 0.53

C. The point , where Demand and supply is equal called equilibrium price

So , $100 is equilibrium price.

D. if market price is less then equilibrium price , it is effective So, shortage (20-16) 4 units

8 0

3 years ago