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nordsb [41]
3 years ago
6

Given the following information about each economy, either calculate the missing variable or determine that it cannot be calcula

ted: a. Suppose C = $20.1 billion, I = $3.5 billion, G = $5.2 billion, and NX = $-1 billion. Total income is . b. Suppose total income is $1.5 trillion, G = $0.8 trillion, and C = $1 trillion. I is . c. Suppose total expenditure is $576 billion, C = $445 billion, I = $115 billion, and G = $81 billion. Instructions: Enter your answer as a whole number. Include a negative sign if appropriate. NX is $ billion. Exports are . revised jrl 06152012
Business
1 answer:
Musya8 [376]3 years ago
8 0

Explanation:

a. Total income formula is:

Y= C+I+G+NX

Y=20.1+3.5+5.2+(-1)

Y= $27.8 billion

b. In closed economies, income is calculated with this formula:

I=Y-C-G

I= 1.5-1-0.8

I= -$0.3 trillion

In open economies, income cannot be calculated because net exports (NX) data is missing.

c. NX is

NX= 576-445-115-81

NX= -$65 billion

NX is exports minus imports, in this case imports are more than exports. To calculate exports you need imports data.

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Answer:

d. $52,100

Explanation:

Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

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Adjustment made:

Add: Decrease in accounts receivable $2,200 ($23,800 - $21,600)

Add: Increase in accounts payable $3,600     ($24,500 - $28,100)

Total of Adjustments $5,800

Net Cash flow from Operating activities                  $52,100

3 0
4 years ago
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Answer:

$0.69 million or $690,000

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Therefore Value Vₓ = 5.5 + 19.89 = $25.39 million

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3 0
3 years ago
Assume that Saudi Arabia has production possibilities to produce either 100 barrels of oil using 100 worker hours or 25 bushels
Hatshy [7]

Answer: 10 bushels

Explanation:

If they produce 100 barrels of oil using 100 worker hours, it means that the number of work hours taken for 1 barrel is:

= 100 / 100

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For bushels however, 1 worker hour produces:

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Bushels of corn produced is therefore:

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Answer:

The design capacity would be needed to achieve an actual output of 8 jobs per week is 20 per week.

Explanation:

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Dooling Corporation reported balances in the following accounts for the current year: Beginning Ending Inventories $600 $300 Acc
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Answer:

$7,000

Explanation:

4 0
2 years ago
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