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seraphim [82]
3 years ago
5

Assume that a hypothetical economy with an MPC of 0.75 is experiencing severe recession. Instructions: In part a, round your ans

wers to 2 decimal places. Enter positive numbers. In part b, enter your answers as whole numbers.
a. By how much would government spending have to rise to shift the aggregate demand curve rightward by $25 billion? $ billion. How large a tax cut would be needed to achieve the same increase in aggregate demand?
$ billion.
b. Determine one possible combination of government spending increases and tax increases that would accomplish the same goal without changing the amount of outstanding debt. Increase spending by $ billion.
Increase taxes by $ billion.
Business
1 answer:
puteri [66]3 years ago
3 0

Answer:

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I recently became introduced to two guys that were able to make $960,824.41 within 31 days. These guys are “anti-gurus”... they’re everyday guys. Their students have generated millions, too.   And they also helped me to make over $200,000 in less than 2 months

I was able to convince them to show you how they did it on a free training event this week.

They’re sharing this for the first time and will show you how to turn your spare time into a $100,000.00 online side business.  

The best part? You can do this with NO experience / technical skills.

Explanation:

You might be interested in
Accounting for manufacturing overhead. Creative Woodworking uses normal costing and allocates manufacturing overhead to jobs bas
VikaD [51]

Answer:

a) Budgeted manufacturing overhead rate =  budgeted overhead cost / budgeted labor hours

                                                                       = $ 4,140,000/ 180,000 hrs

                                                                       = $23 per hour.

b. JOURNAL ENTRY

Debit Work in process $4,347,000 Credit Manufacturing overhead $4,347,000

c. under or over applied = Actual overheads - applied

                                        = $4,337,000 - $4,347,000

              Over applied   = 10,000

yes the amount of over applied overheads is significant and material enough and it should be written off against cost of sales.

JOURNAL ENTRY

Debit Manufacturing overheads $10,000 , Credit Cost of sales $10,000

Explanation:

allocated manufacturing overheard = $23 * 189000 hrs = $4,347,000

4 0
3 years ago
On May 1, 2016, Meta Computer, Inc., enters into a contract to sell 5,000 units of Comfort Office Keyboard to
LenaWriter [7]

Answer:

1. 2

2. Journal Entry

3. Journal Entry

Explanation:

1. There are 2 number performance obligations in this contract.

2. Cash Dr,                                                $95,000

     To unearned sales revenue                         $93,100

      To unearned discounted sales revenue     $1,900

(Being unearned revenue is recorded)

Working Note:-

Sales revenue = 5,000 × $19.6

= $98,000

Coupon applied = $20,000 × (25% - 5%) × 50%

= $2,000

Sales revenue including discount

= $98,000 + ($20,000 × 20% × 50%)

= $100,000

Discount on sales

= $95,000 × ($2,000 ÷ $100,000)

= $1,900

3. Cash Dr,                              $95,000

     To Unearned sales revenue         $95,000

(Being unearned revenue is recorded)

3 0
3 years ago
Jeff jones earns $1,200 per week. he is married and claims four withholding allowances. the social security rate is 6.2% on $118
myrzilka [38]
<span>Answer: Gross Pay: $1200 Less Health Ins: (42.50) Taxable Pay: 1157.50 SS Tax: 71.77 (1157.50 *.062) Medicare Tax: 16.78 (1157.50 *.0145) FIT: 91.79 Net Pay: 977.17 FIT calcualted as follows: Taxable less allowances (1157.50 less (71.15*4) = 872.9 (872.9 * .15)-39.15 = 91.79</span>
4 0
3 years ago
Question 433 pts Implementation of the law Group of answer choices is typically done by the members of Congress. is typically au
Eddi Din [679]

Answer:

Implementation of the law Group of answer choices requires judgment because laws are often very vague.

Explanation:

Originally, The Executive arm of government is supposed to implement the law while the congress which is also called the legislative arm enacts them.

However, It is necessary for the judiciary to interpret the laws since the executive arm tends to abuse their privileges thereby failing to implement the law.

The law is vague and is often subject to interpretation. The judges constitute a neutral body that balances power in government by passing judgement on erring officials and the entire citizenry thereby making implementation of the law possible.

7 0
3 years ago
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his​ costs, he has a newfound interest in effi
Leno4ka [110]

Answer:

                                      Last Year       Now

Units Produced               1,200          1,200

Labor​ (hours)                    300             250

Resin​ (pounds)                  50               46

Capital Invested​ ($)         9,000         11,000

Energy​ (BTU)                   2,950          2,850

last year's labor productivity = 1,200 / 300 = 4 units per labor hour

current year's labor productivity = 1,200 / 250 = 4.8 units per labor hour

productivity increased by (4.8 - 4) / 4 = 20%

last year's materials productivity = 1,200 / 50 = 24 units per pound of resin

current year's materials productivity = 1,200 / 46 = 26.09 units per pound of resin

productivity increased by (26.09 - 24) / 24 = 8.7%

last year's capital productivity = 1,200 / 9,000 = 0.1333 units per $ invested

current year's capital productivity = 1,200 / 11,000 = 0.1091 units per $ invested

productivity decreased by (0.1091 - 0.1333) / 0.1333 = -18.18%

last year's energy productivity = 1,200 / 2,950 = 0.4068 units per BTU

current year's energy productivity = 1,200 / 2,850 = 0.4211 units per BTU

productivity increased by (0.4211 - 0.4068) / 0.4068 = 3.52%

8 0
3 years ago
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