Answer:
(A) Reducing spending is the only means the city has of responding to the current financial crisis.
Explanation:
''Zoo director: The city is in a financial crisis and must reduce its spending.''
The above statement is the central subject of the and main conclusion of the Zoo director's argument. The issue of the cutting of City Zoo's funding in half is just explaining one of the ways in which the Zoo director may not wish to reduce the costs. In summary the cost reduction has to be done in other areas.
Answer:
Change in G = $90 billion
Explanation:
Data provided in the question:
Shift in demand curve, ΔY = $300 billion
Marginal propensity to consume (MPC) = 0.7
Now,
Government spending multiplier
⇒ ΔY ÷ ΔG = 1 ÷ ( 1 - MPC )
or
⇒ $300 billion ÷ ( Change in G ) = 1 ÷ ( 1 - 0.7 )
or
Change in G = $300 billion × ( 1 - 0.7 )
or
Change in G = $300 billion × 0.3
or
Change in G = $90 billion
Answer:
The difference between the function of an accountant and an auditor is that the accountant is responsible for keeping the administration of all the financial records of the company, and the auditor is responsible for ensuring that all these processes are in accordance with the laws.
both differ with professionals who do not belong to the branches of economic sciences.
It is False that Target costing sets costs based on the price that customers are willing to pay.
Because target costing estimates product cost by subtracting a desired profit margin from a competitive market price. As the target cost makes reference to the competitive market, it is fundamentally customer-focused and an important concept for new product development.
Costing is any system for assigning costs to an element of a business.
Competitive is most commonly used to describe a person who has a strong desire to compete and win.
Development is the act, process, or result of developing the development of new ideas an interesting development in the case.
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Two-variable data table is most effective when comparing the impact of various combinations on net sales profit
Basically, in statistics, a single data table contain input values or variables in a single column or line.
- The two variable data table shows how different values of two variables change with the same formula.
- The type of data table are used in calculating data with various combination of variables..
In conclusion, the two variable data table will helps to compare the impact of various combinations of variables because it solves different value using the same formula and processes.
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