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GuDViN [60]
3 years ago
10

When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and

getting worse. in an effort to stop the decline, president obama proposed an economic stimulus package which included government spending on roads, bridges, and schools, among other things, and a tax cut that each u.s. worker would see in her or his paycheck. apparently, president obama was a proponent of:?
Business
1 answer:
scoundrel [369]3 years ago
6 0

Answer: Keynesian Economic Theory

Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of Keynesian Economic theory.

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Radu is a global manufacturer of automotive parts. The annual reporting period ends Dec. 31. Below find balances for all of its
Trava [24]

Answer:

a) dollar amount of the gross profit = 17000

b) dollar amount of the income from operations = 11700

c) dollar amount of the income before income tax = 11900

d) dollar amount of the net income = 8400

Explanation:

(a) Gross profit:

= Sales - Cost of goods sold

= 50,000 - 33,000

= $17,000

(b) Income from operation:

= Gross profit - Bad debt expenses - other operating expenses - Selling and administrative expenses

= $17,000 - $100 - $500 - $4,700

= $11,700

(c) Income before income tax:

= Income from operation + Interest Income and Other Non-operating Revenues

= $11,700 + $200

= $11,900

(d) Net income:

= Income before income tax - Income tax

= $11,900 - $3,500

= $8,400

4 0
3 years ago
Ashley bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She
Digiron [165]

Answer:

Laptop = $3250

Desktop = $2900

Explanation:

Total finance charge = $398

Laptop cost = 350 + x

Desktop = X

<u>Workings</u>

Finance cost = (7% *X ) + (6% * 350+x ) = 398

0,07 X + 0.06 X + 21 = 398

0.13 X + 21 = 398

0.13 X = 398 -21

0.13 X = 377

Therefore ,X = 377/0.13

=2900

Cost of Desktop = 2900

Cost of Laptop =2900+350 =3,250

6 0
3 years ago
Provide an example of economic regulations that a government might put into place and why
HACTEHA [7]

The Government regulates the sale and research of prescription drugs in order to promote safety and fair practices in the healthcare industry.

3 0
3 years ago
To increase the money​ supply, the FOMC directs the trading​ desk, located at the Federal Reserve Bank of New​ York, to A. sell
andrezito [222]

Answer:

. D. print U.S. Treasury securities and distribute them to banks

Explanation:

4 0
3 years ago
Each business day, on average, a company writes checks totaling $13,200 to pay its suppliers. The usual clearing time for the ch
MrMuchimi

Answer:

A. Disbursement Float $53,800

Collection Float $47,600

Net Float $6,200

B. Disbursement Float $53,800

Collection Float $23,800

Net Float $30,000

Explanation:

A. Calculation for the company’s disbursement float, collection float, and net float.

Calculation for Disbursement Float using this formula

Disbursement Float = Average amount of check* Time to clear

Let plug in the formula

Disbursement Float= $13,200*4 days

Disbursement Float= $53,800

Calculation for Collection Float

Collection Float =($23,800*2days)

Collection Float = $47,600

Calculation for Net Float using this formula

Net Float = Disbursement Float + collection Float

Let plug in the formula

Net Float= $53,800-$47,600

Net Float= $6,200

Therefore the company’s disbursement float, collection float, and net float will be:

Disbursement Float $53,800

Collection Float $47,600

Net Float $6,200

B.Calculation to determine what would be the company's disbursement float, collection float, and net float If the collected funds were available in one day instead of two

Calculation for Disbursement Float using this formula

Disbursement Float = Average amount of check* Time to clear

Let plug in the formula

Disbursement Float= $13,200*4 days

Disbursement Float= $53,800

Calculation for Collection Float

Collection Float =($23,800*1 days)

Collection Float = $23,800

Calculation for Net Float using this formula

Net Float = Disbursement Float + collection Float

Let plug in the formula

Net Float= $53,800-$23,800

Net Float= $30,000

Therefore what would be the company's disbursement float, collection float, and net float If the collected funds were available in one day instead of two will be:

Disbursement Float $53,800

Collection Float $23,800

Net Float $30,000

7 0
2 years ago
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