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3 years ago

What ideas of Milton Friedman are reflected in the policies of Ronald Reagan?

Business

1 answer:

ArbitrLikvidat [17]3 years ago

5 0

Answer:

Milton Friedman was an economist from the Chicago School who was known mainly for two ideas: the monetarist view of inflation, and his support for free market policies.

Explanation:

As previously explained, Friedman was also a promoter of free market policies, and Reagan was a president that supported free market. Friedman supported lowering taxes to corporations, the wealthy, and the middle class, reducing regulations to businesses, and signing free trade agreements or reducing tariffs.

These were all policies that Reagan supported. He managed to cut taxes and regulations. He was less succesful in promoting free trade, but his successors: George Bush Father, Bill Clinton, and George Bush Son, also supported many of the views that Milton Friedman had.

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Aspen Ore purchased a vein of coal ore for $5,300,000. It is estimated that 32,000,000 tons of ore are available to be extracted

emmasim [6.3K]

Answer:

$462,094

Explanation:

Depletion expense is a charge against profits for the use of natural resources. It is calculated by multiply the number of consumed units of the natural resources by the cost per unit.

Cost per unit = Total cost / total number of units expected to be extracted = $5,300,000 / 32,000,000 = 0.165625

Depletion expense = Cost per unit x extracted units = 0.165625 x 2,790,000 = $462,094

5 0

3 years ago

Indicate by how much net income in the income statement is higher or lower if the adjustment is not recorded. (Do not round inte

oee [108]

Answer:

1. If the depreciation is not recorded, expenses will be overstated. Net income will therefore be higher by the depreciation amount of $5,400.

2. One June 30, $34,000 was loaned out. Interest is 7%. This interest needs to be apportioned to 6 months in the year as interest revenue:

= [(7% * 34,000) / 12] * 6 months

= $‭1,190‬

If this is not recorded, interest revenue will not be recorded which means that Net income will be lower by $1,190.

3. This was for one year yet it was received on October 1. 3 months of the amount will have to be accounted for in the current period.

= (9,600/12) * 3

= $2,400

There must be revenue recognized of $2,400. If it is not recognized, Net income will be lower by $2,400.

In total, Net income will be higher (lower) by:

= 5,400 - 1,190 - 2,400

= $1,810

Higher by $1,810.

4 0

2 years ago

Consider two people who are currently out of work. Tim would like to work but he is not looking for work because there have been

stira [4]

Answer: C. both Tim and Bev to be marginally attached workers

Explanation: The Bureau of Labor Statistics considers both Tim and Bev as marginally attached workers.

Usually, marginally attached workers refers to individuals who are not actively seeking for a job or employment at a particular point in time,which is the case of both Tim and Bev. However, for an individual to be classed as a marginally attached worker, He or she must be willing and able to work and worked or sought for a job at any point within the last twelve months. Bev has searched for a job within the last year and Tim's environment has very few openings to accommodate employees.

8 0

3 years ago

Read 2 more answers

Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and sel

Ulleksa [173]

Answer:

5.52%

Explanation:

For computing the coupon rate we first have to determine the PMT by applying the PMT formula

Given that,

Present value = $954

Future value = $1,000

Rate of interest = 6.2%

NPER = 9 years

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $55.18

Now the coupon rate is

= $55.18 ÷ $1,000

= 5.52%

7 0

3 years ago

When a commercial item is procured by the government, what will the contractor provide to the government that documents the func

Kitty [74]

<span>When a commercial item is procured by the government, the contractor will provide a </span>TDP or Technical Data Package<span> to the government</span> that documents the functional, performance, and physical characteristics of their product and will assist in the development of configuration management efforts.

4 0

3 years ago