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lisov135 [29]
3 years ago
9

Assume the MPC is 0.6. If government were to impose $10 billion of new taxes on household income, consumption spending would ini

tially decrease by
Business
1 answer:
mihalych1998 [28]3 years ago
4 0

Answer:

$6 billion

Explanation:

Calculation to determine what consumption spending would initially decrease by

Using this formula

Decrease in Consumption spending=MPC * New taxes on household income

Let plug in the formula

Decrease in Consumption spending=0.6*$10 billion

Decrease in Consumption spending=$6 billion

Therefore consumption spending would initially decrease by $6 billion

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The accounting rate of return for this investment given its income, cost of the machine and the salvage value is 8.05%.

<h3>What is the accounting rate of return?</h3>

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2 years ago
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2 years ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pound
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Answer and Explanation:

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As we know that

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For Product G9

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For Product S5 =  Contribution margin ÷ Pound  

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