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2 years ago

The Science of Macroeconomics

Business

1 answer:

Yuliya22 [10]2 years ago

3 0

Answer:

Macroeconomics deals with events that affects the entire country or industry as a whole while Microeconomics affects individual members of the economy such as companies and people.

A. Congress recently passed the Tax Cuts and Jobs Act of 2017. MACRO

This Act will affect the entire nation so it will fall under Macroeconomics.

B. Amazon now has a 40% share of all e-commerce revenues. MICRO

Amazon is a single company in the market so things related to it will be considered on a micro economic level.

C. Tuition at the local university increased 11% from last year. MICRO

The local university like Amazon, is a single body in the economy and so they are a microeconomic player.

D. The U.S. unemployment rate fell below 4% in 2018. MACRO

The unemployment rate of a nation relates to the nation as a whole so this will fall under macroeconomics.

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Over the past five years, a company had average annual credit sales of $320,000 and this year had write-offs of $2,000. Credit s

Zielflug [23.3K]

Answer:

$2,500

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.

Estimated allowance for doubtful accounts = Credit Sales x percentage = $300,000 x 1% = $3,000

Current Balance = $500 credit

As Allowance for Doubtful Accounts already have credit balance of $500, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $3,000 at the year end.

Adjustment Value = $3,000 - $500 = $2,500

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3 years ago

A company had the following purchases during its first year of operations:

Readme [11.4K]

Answer:

Ending inventory value= $9,127

Explanation:

Giving the following information:

January: 17 units at $127

February: 27 units at $137

May: 22 units at $147

September: 19 units at $157

November: 17 units at $167

Using the specific identification method, we need to multiply each unit for its specific cost.

Ending inventory:

January= 9*127= 1,143

February= 11*137= 1,507

May= 13*147= 1,911

September= 11*157= 1,727

November= 17*167= 2,839

Ending inventory value= $9,127

5 0

2 years ago

Maksim231197 [3]

The approach is best demonstrated by Free Enterprise

Let understand that Free Enterprise is a system where there are full freedom for individuals and businesses. This system brings economic growth because its encourages entrepreneurs to start new businesses and take risks.

A laissez-faire economy system, notable a theory developed by the French creates the philosophy of giving businesses more autonomy from government rules and regulations

This economy system makes its easier for companies to take risks and invest in the economy.

Learn more about laissez-faire

brainly.com/question/18499612

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3 years ago

Nonuniform Inputs, Equivalent Units Terry Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cl

anyanavicka [17]

Answer:

For Material 80,000

For Conversion 72,000

Explanation:

The computation of equivalent units of production for the bath linens department for August is shown below:-

Materials Conversion

Units completed and

transferred out 60,000 60,000

Units in process,

August 31 20,000 12,000

(20,000 × 60%)

Equivalent units of

production 80,000 72,000

Therefore to reach out the equivalent units of production we simply added the units completed and transferred out with Units in process Aug 31 of material and conversion.

4 0

3 years ago

Can we get negative cost of equity? and what does it represent?

Dovator [93]

Yes u can get negative cost of equity

8 0

3 years ago

Read 2 more answers