Answer:
$4,480
Explanation:
The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.
As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.
Goods and services tax = 5% × $4,000
= $200
Provincial sales tax = 7% × $4,000
= $280
Total debit to advertising expense
= $4,000 + $200 + $280
= $4,480
Answer:
recessionary gap = 8 billion
so correct option is c) $8 billion
Explanation:
given data
MPC = 0.80
GDP = $40 billion
to find out
the size of the recessionary gap
solution
we get here first Multiplier that is
Multiplier = 
..................1
Multiplier = 
Multiplier = 5
so recessionary gap will be
recessionary gap = 
................2
recessionary gap = 
recessionary gap = 8 billion
so correct option is c) $8 billion
Answer:
c. $24.00
Explanation:
The computation of the target cost is shown below:
Target cost = Selling price - (Selling price × profit margin)
where,
Selling price = $30
And, the profit margin is 20%
So, the target cost is
= $30 - ($30 × 20%)
= $30 - $6
= $24
Basically, by using the above formula, we can find out the target cost after considering the selling price and the profit margin
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