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maksim [4K]
3 years ago
12

Consider the U.S. market for loanable funds in a closed-economy model. Answer the following questions about each scenario.The go

vernment increases the capital gains tax, which taxes earnings on assets in the stock market. This will shift the (Click to select) demand for loanable funds to the left supply of loanable funds to the left demand for loanable funds to the right supplyof loanable funds to the right , the interest rate and equilibrium amount of borrowing will (Click to select) increase and decrease respectively both increase decrease and increase respectively both decrease .
Business
1 answer:
kompoz [17]3 years ago
6 0

Answer:

supply of loanable funds to the left; increase and decrease respectively.

Explanation:

The increase in the capital gains tax will reduce, the savings as it axes earnings on assets in the stock market. This reduction in savings will cause the supply of loanable funds to decrease.  

This will further cause the supply curve for loanable funds to shift to the left. This leftward shift in the loanable fund's supply curve will cause the interest rate to increase and the equilibrium quantity of loanable funds to decrease.

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Primera Company produces two products and uses a predetermined overhead rate to apply overhead. Primera currently applies overhe
pychu [463]

Answer:

Primera Company

1. Plantwide predetermined overhead rate:

= $1,536,000/768,000

= $2.00 per direct labor hour

Overhead assigned to each product:

                                   Product 1    Product 2

Direct labor hours     480,000        147,200

Predetermined overhead

 rate  = $2 per direct labor hour

Total overhead =    $960,000    $294,400

2. Predetermined departmental overhead rates:

Department 1:    

Direct labor hours $2 ($1,536,000/768,000)

Department 2

Machine hours = $7.385 ($1,536,000/208,000)

Overhead assigned:

Product 1 = $960,000 (480,000 * $2)

Product 2 = $70,896 (9,600 * $7.385)

3. The applied overhead for the year:

Department 1 = $1,254,400 (627,200 * $2)

Department 2 = $1,512,448 (204,800 * $7.385)

Total   =            $2,766,848

Overapplied overhead for the firm = $1,134,848 ($2,766,848 - $1,632,000)

4. Debit Manufacturing overhead $1,134,848

Credit Cost of goods sold $1,134,848

To transfer the overapplied overhead to cost of goods sold.

Additional information needed if the variance is material is to determine the percentages to allocated to Work in process, Finished Goods, and Cost of Goods Sold.

Explanation:

a) Data and Calculations:

Estimates:

                            Department 1   Department 2      Total  

Direct labor hours    640,000            128,000        768,000

Machine hours            16,000            192,000        208,000

Overhead cost       $384,000       $1,152,000    $1,536,000

Actual results:

                            Department 1   Department 2      Total  

Direct labor hours     627,200             134,400       761,600

Machine hours             17,600            204,800      222,400

Overhead cost       $400,000       $1,232,000  $1,632,000

                       Product 1 Product 2        Total  

Direct labor hours:

Department 1 480,000    147,200      627,200

Department 2  96,000     38,400       134,400

Machine hours:

Department 1    8,000        9,600         17,600

Department 2 24,800    180,000      204,800

3 0
3 years ago
Which of the following statements is true of entrepreneurs?
Sindrei [870]

The answer is <u>"B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."</u>


An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.  

Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.  


8 0
3 years ago
Read 2 more answers
Working as an elevator operator used to be a common job in the workforce four decades ago, but today few jobs remain. The unempl
Thepotemich [5.8K]
<h3>The unemployment created by introduction of automatic elevators would be considered as structural </h3>

Explanation:

Structural unemployment is a longer-lasting type of unemployment that is induced by structural economic changes and aggravated by external influences like technology, rivalry, and government policy.

Structural unemployment will last for decades and typically needs to reverse a dramatic shift. Technology continues to intensify systemic unemployment, marginalize certain workers and make certain occupations redundant, such as manufacturing. Structural unemployment can be long-term and difficult to address as it needs either displacement or retraining.

3 0
3 years ago
The market demand curve Group of answer choices is found by vertically adding the individual demand curves. slopes upward. repre
Aleonysh [2.5K]

Answer:

represents the sum of the quantities demanded by all the buyers at each price of the good.

Explanation:

The market demand curve is the total of all the individual demand curves in the market as mentioned. It depicts the quantity demanded with respect to the different prices

And in this the quantity demanded and the price of a product has an inverse relationship between each other

Therefore the last option is correct

8 0
3 years ago
Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $8,600 (that had cost $6,355) and accepted the c
lianna [129]

Answer:

Apr.8

Dr Account Receivable - Suntrust Bank    $8,256

Dr Credit card expenses                            $344

Cr Sales                                                       $8,600

(to record sales, payment through credit card issued by Suntrust Bank)

Apr.12

Dr Account Receivable - Continental Card    $7,995

Dr Credit card expenses                                  $205

Cr Sales                                                            $8,200

(to record sales, payment through credit card issued by Continental Card)

Explanation:

The credit card expenses of the two transaction is calculated as: Sales proceed x % of fee

Thus, the sales made in 8 Apr has the credit card expenses of 8,600 x 4% =$344.

The sales made in 12 Apr has the credit card expenses of 8,200 x 2.5% =$205.

4 0
3 years ago
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