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
Answer:
Please see details below:
Explanation:
Net Income
Sales $29.700
Salaries Expenses -$4.900
Miscellaneous Expenses -$20.300
=================================
Net Income $4.500
Balance Sheets
Assets
Cash $12.200
Prepaid Rent $3.800
Equipment $66.600
Supplies $6.200
TOTAL ASSETS $88.800
Liabilities
Accounts Payable $4.200
TOTAL LIABILITIES $4.200
Equity
Common Stock $67.400
Retained Earnings $17.200
TOTAL EQUITY $84.600
Dividends $3.600
Answer: $250
Explanation:
From the question, we are told that Elmo Johnson was late on his property tax payment to the county and that he owed $7,500 and paid the tax four months late.
We are further told that the county charges an annual penalty of 10%. The amount of the penalty for the four-month period goes thus:
Annual penalty = 10% × $7500
= 0.1 × $7500
= $750
Since he is four months late and there are twelve months in a year, this will be:
= $750 × 4/12
= $750 × 1/3
= $750/3
= $250
Answer:
The order results in an incremental net income of $69,278 therefore accept
Explanation:
Consider the Incremental Costs and Revenues arising from this decision.
Since Maize has sufficient excess operating capacity, fixed costs are irrelevant for this decision.
Sales (6,400 units ×$31.76) 203,264
Variable Costs (6,400 units ×$19.94) (127,616)
Logo and Shipping Costs (6,400 units ×$1.00) (6,400)
Net Income 69,248
The order results in an incremental net income of $69,278 therefore accept
