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3 years ago

Apply Concepts Describe a hypothetical government budget that employs an expansionary policy.

Business

1 answer:

anzhelika [568]3 years ago

5 0

Answer:

There will be cut in taxes and increased spending.

Explanation:

Expansionary policies are those in which government takes decisions to increase the spending on infrastructure, health, education and other development projects and reduces the taxes. This strategy is used to boost the economy. The increased spending creates more opportunities and there will be lesser unemployment in the country.

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The following information is available for Sunland Company

Oksanka [162]

Answer:

Sunland Company

Balance Sheet as at December 31, 2022

ASSETS

Non - Current Assets

Equipment (net) 110,500

Total Non - Current Assets 110,500

Current Assets

Inventory 2,900

Supplies 3,740

Accounts receivable 3,400

Cash 6,200

Total Current Assets 16,240

Total Assets 126,740

EQUITY AND LIABILITIES

Equity

Common stock 50,600

Retained Earnings 36,660

(126,740 - 39,480 - 50,600)

Total Equity

Liabilities

Current liabilities

Accounts payable 4,800

Interest payable 520

Unearned service revenue 860

Salaries and wages payable 800

Total Current liabilities 6,980

Non - Current liabilities

Notes payable 32,500

Total Non - Current Liabilities 32,500

Total Liabilities 39,480

Total Equity and Liabilities 126,740

Explanation:

A Balance Sheet shows the Assets, Liabilities and Equity as at the Reporting date.

The Retained Earnings have been calculated as 126,740(Total Assets) - 39,480 (Total Liabilities) - 50,600 (Common Stock) = $50,600.

3 0

3 years ago

To keep enough cash on hand to meet depositors' demand for withdrawals, banks must engage in liquidity management.

Temka [501]

This answer is A. True.

3 0

3 years ago

If a Canadian NHL team receives its revenues in Canadian dollars, but must pay its players in U.S. dollars, a weakening of the C

balandron [24]

Answer:

b.) The team's costs to increase

Explanation:

Nominally, revenues will be the same in Canadian dollars, because the Canandian dollar has become weaker against the U.S. dollar, but that does not necessarily mean that it has lost value in Canada itself.

However, now the NHL team will have to change more Canadian dollars for the same amount of U.S. dollars in order to pay its players, causing the team's wage costs to rise.

6 0

3 years ago

Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. A

mr_godi [17]

Answer:

Please see balance sheet below.

Explanation:

Wolfpack construction balance sheet.

Dec 31

Assets $

Cash 6,000

Land 18,000

Equipment 26,000

Total assets 50,000

Liabilities.

Accounts payable 3,000

Notes payable 20,000

Total liabilities 23,000

Equity

Common stock 11,000

Retained earnings 16,000

Total stockholders equity. 27,000

Total liabilities and stockholder's equity(23,000 + 27,000) 50,000

8 0

3 years ago

Lance is an executive at a manufacturing company, and he needs to write a letter thanking amoreena sanchez, a partner at a law f

Darina [25.2K]

Answer: Dear Amoreena

Explanation:

The standard salutation to use when writing a business letter is "Dear", which is then followed by the name of the person and closing with a colon.

Even though Lance and Amoreena are good friends who grew up living in the same area, it won't be appropriate just addressing him anyhow without using the proper salutation. This is an official letter and should not be treated as an informal letter.

8 0

3 years ago