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BartSMP [9]
3 years ago
15

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

Business
1 answer:
maksim [4K]3 years ago
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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Answer:

C) $650,000

Explanation:

Government entities should record their assets at fair market value, not at cost basis. They should also include the land improvements as part of the total value of the land:

total value of the land = $500,000 (donated land) + $150,000 (land improvements) = $650,000

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3 years ago
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Suppose that a firm begins to hire workers for a newly completed plant with a fixed amount of machinery. As the firm hires addit
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Answer: Rise initially, but eventually fall.

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The increase in the workers brought would increase the marginal product; there would be increase in production based on the number of persons that were engaged but the marginal cost might eventually fall in the future because of human management and resilience from the workers that were brought

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Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of
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Answer:

Ponzi Products

a) Net income for the next quarter:

= $50

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d) Net working capital in the next quarter = $550

Explanation:

a) Production of chain-letter kits for the quarter = 100 units

Total production cost (outlay) = $1,000 (100 * $10)

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Sales in the third quarter = $600 (50 * $12)

Cash collections:

Third quarter = $550

Fourth quarter = $600

a) Net income for the next quarter:

Sales revenue = $550

Production cost   500 ($1,100 * 50/100)

Net income =       $50 ($550 - $500)

b) Cash outflow for this quarter = $1,000

c) Cash inflow in the third quarter = $550

d) Net working capital in the next quarter = $550

6 0
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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $
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Cash flows from operating activities:

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Adjustments to net income:

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  • Accounts receivable increased by ($25,000)
  • Inventories increased by ($5,000)
  • Accounts payable decreased by ($18,000)             <u>($18,000)</u>

Net cash flow provided by operating activities                $34,000

3 0
3 years ago
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