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3 years ago

Which of the following statements is false?

Business

1 answer:

Black_prince [1.1K]3 years ago

7 0

Answer:

C) Keynesians would advocate an expansionary monetary policy to eliminate a recessionary gap if they believed investment spending was insensitive to changes in the interest rate.

Explanation:

Keynesians advocated for an expansionary monetary policy in order to remove the recession gap in the case when the trust that the investment spending should not be sensitive at the time when the interest rate varies

but this should be totally wrong as first fall it should not be advocated and also the wages should not be flexible

Therefore the option c is to be considered

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Situation 1 Bridgeport Cosmetics acquired 10% of the 184,000 shares of common stock of Martinez Fashion at a total cost of $13 p

Advocard [28]

Answer:

Please see find the answer in the explanation!

Explanation:

Situation 1:

First entry:

Bridgeport acquired 10% of shares of Martinez Fashion, the double entry would reduce the cash of Bridgeport and increase the asset, see as follows:

Shares Dr $239200 (18400× $13)

Cash Cr $239200

On June 30, Martinez declared and paid $69400 cash to all stockholders, Bridgeport will be entitled to 10% of the declared and paid dividend, therefore, dividend income will have to be recorded as follows:

Cash/bank Dr $6940

Dividend Income Cr $6940

Situation 2:

Indigo Inc obtained significant influence over Seles corporation (making her an Associate). In a group situation, an associate is equity accounted and is recorded as an investment in the statement of financial position and is also entitled to the profits with the proportion of their ownership. First entry would be to record the associate as an investment, see as follows:

Investment in Associate Dr $84780

Bank/Cash Cr $84780

On june 15 Seles declared and paid cash dividend, Indigo Inc will be entitled to 30% of the dividend, see as follows:

Dividend income= $39100× 30%

Dividend income= $11730

Entry:

Cash/Bank Dr $11730

Dividend income Cr $11730

Unlike Bridgeport Corporation, Indigo Inc will be entitled to 30% of the reported net income as well. The entry is as follows;

Cash/Bank Dr $ 25500 ($85000× 30%)

Income Cr $ 25500

7 0

4 years ago

After Xavier and Alyssa deposited nearly $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy.

ASHA 777 [7]

Answer: should be protected because their account is fully insured by the FDIC.

Explanation:

From the question, we are informed that Xavier and Alyssa kept about $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy but that the bank FDIC member bank.

Based on the above scenario, they'll be protected because their account is fully insured by the FDIC. It should be noted that the Federal Deposit Insurance Corporation helps in insuring several bank deposits and in case of bank failure, the depositors will be paid or the accounts of the bank will have to be transferred to some other bank.

4 0

3 years ago

If an agreement can not be made, a democratic leader will

MArishka [77]

Answer:

Explanation:

cuz u need to talk about it as a group

5 0

3 years ago

Read 2 more answers

Because she beat her goal this year by nearly 30 percent, lori has been telling everyone in the sales department of her incredib

yarga [219]

Lori is exhibiting a type of bias that is well-known as self-serving bias.

Self-serving bias is defined as distortion in perceptual processes due to the need to maintain and enhance the person’s self-esteem – also known as a person’s tendency to see themselves in a favorable manner. In the case of Lori, when she cannot reach her goal, she blames the poor economy, but when she managed to do it, she attributed it to her skills as a salesperson.

7 0

3 years ago

The following information is available for Sunland Company for the year ended on December 31, 2022. Beginning cash balance $ 20,

masha68 [24]

Answer:

Explanation:

Sunland Company

Statement of Cash Flow

$ $

Cash Flow from Operating Activities

Net Income 48,620

Depreciation Expense 34,850

Increase in Account Payable 4,845

Decrease in account receivable 4,080

Decrease in Inventory 2,635

Net Cash Flow from Operating Activities 46,410

Cash Flow from Investing Activities

Sale of land 88,400

Purchase of land (68,850)

Net Cash Flow from Investing Activities 19,550

Cash Flow from Financing Activities

Dividend paid (32,300)

Decrease in tax payable (3,315)

Bond Redeemed (56,100)

Stock Issued 136,000

Net Cash Flow from Financing Activities 44,285

Total Net cash flows 158,865

Cash balance on January 1,2022 20,400 

Cash balance on December 31,2022 179,265

7 0

4 years ago