All categories

3 years ago

Define debt economics.

Business

1 answer:

max2010maxim [7]3 years ago

4 0

Answer:

Debt, Something owed. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest. For governments, the need to borrow in order to finance a deficit budget has led to the development of various forms of national debt

Explanation:

You might be interested in

The most effective form of business organization for raising money to finance the expansion of its facilities and capabilities i

ladessa [460]

I'd say, by ploughed back profit.

3 0

4 years ago

g The contribution margin ratio of Donath Corporation's only product is 64%. The company's monthly fixed expense is $454,200 and

zloy xaker [14]

Answer:

Break-even point (dollars)= $772,500

Explanation:

Giving the following information:

The contribution margin ratio of Donath Corporation's only product is 64%. The company's monthly fixed expense is $454,200 and the company's monthly target profit is $40,200.

To calculate the sales in dollars to obtain the desired profit, we need to use the following formula:

Break-even point (dollars)= (fixed costs + desired profit)/ contribution margin ratio

Break-even point (dollars)= (454,200 + 40,200) / 0.64

Break-even point (dollars)= $772,500

6 0

3 years ago

Beginning WIP is 45% complete and ending WIP is 10% complete as to conversion costs. Materials are added at the beginning of the

lara [203]

Answer:

c. none of these

units started into the process this period plus units in beginning inventory

Explanation:

In FIFO , the physical units are divided between the beginning units, units started in process and the ending units. But as all the materials is added at the beginning of the process so the FIFO physical units would be divided between the units started into the process this period plus units in beginning inventory and hence the equivalent units for materials will be calculated.

So the best choice is option c.

5 0

3 years ago

10. If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 bill

uysha [10]

Answer:

$36 Billion

Explanation:

Given:

GDP = $65 billion

Interest payments = $15 billion

Imports = $13 billion

Profits = $7 billion

Exports = $15 billion

Rent = $7 billion

Wages = ?

Computation of Wages:

GDP from Income Method:

GDP = Interest payments + Wages + Rent + Profits

$65 billion = $15 billion + Wages + $7 billion + $7 billion

$65 billion = Wages + $29 billion

$65 billion - $29 billion = Wages

Wages = $36 Billion

3 0

3 years ago

On July 1, 2020, Marigold Corp. pays $13,200 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal

Juliette [100K]

Answer:

For Marigold

The journal entries on July 1 , 2020 are:

Dr Insurance prepayment $13,200

Cr Cash $13,200

being insurance paid for in advance

The adjusting entry at the close of the year

Dr Insurance expense $2,200

Cr Insurance prepayment $2,200

Being insurance expense incurred in the year

The other party is Kalter insurance not Dobbs Co:

he journal entries on July 1 , 2020 are:

Dr Cash $13,200

Cr Prepaid revenue $13,200

being revenue received in advance

The adjusting entry at the close of the year

Dr Prepaid revenue $2,200

Cr Revenue $2,200

Being recognition earned in the year

Explanation:

Upon the payment of the insurance , the cash account of the paying company is credited and that of the receiving company debited .

The other entry in the paying company is insurance prepayment while that of the receiving company is prepaid revenue .

7 0

4 years ago

Define debt economics.​

Define debt economics.