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Gekata [30.6K]
3 years ago
5

This is a good question to ask during an interview A) How many vacation days do I get? B) What kind of products or services do y

ou provide? C) How many hours of training will I need? D) None of the above
Business
1 answer:
jeka943 years ago
3 0

Answer:

C) How many hours of training will I need?

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(Advanced analysis) Answer the question on the basis of the following information for a mixed open economy. The letters Y, Ca, I
son4ous [18]

Answer:

The correct option is c. raise G by $30 or reduce T by $40.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

(Advanced analysis) Answer the question on the basis of the following information for a mixed open economy. The letters Y, Ca, Ig, Xn, G, and T stand for GDP, consumption, gross investment, net exports, government purchases, and net taxes respectively. Figures are in billions of dollars.

Ca = 25 + 0.75(Y - T)

Ig = Ig0 = 50

Xn = Xn0 = 10

G = G0 = 70

T = T0 = 30

Refer to the information. If government desired to raise the equilibrium GDP to $650, it could:

a. raise G by $45 or reduce T by $10.

b. raise G by $40 and reduce T by $30.

c. raise G by $30 or reduce T by $40.

d. raise both and T by $40.

e. reduce G by $30 and increase T by $40.

The explanation of the answer is now provided as follows:

Equilibrium GDP (Y) can be obtained as follows:

Y = C + G + I + Xn …………………….. (1)

Substituting all the values in the question into equation (1) and solve for Y, we have:

Y = 25 + 0.75(Y - 30) + 70 + 50 + 10

Y = 0.75Y - 22.50 + 155

Y – 0.75Y = 132.50

0.25Y = 132.50

Y = 132.50 / 0.25

Y = 530

Therefore, we have:

Y = Current equilibrium GDP = $530

Amount of increase in equilibrium GDP required = Desired equilibrium GDP – Current equilibrium GDP = 650 - 530 = 120

From the question, we have:

Ca = 25 + 0.75(Y - T) ………………. (2)

The 0.75 in equation (2) is the marginal propensity to consume (MPC). Therefore, we have:

MPC = 0.75

Expenditure multiplier = 1 / (1 - 0.75) = 4

Tax multiplier = - MPC / (1 – MPC) = -0.75 / (1 – 0.75) = -3

Amount of increase in G or government expenditure required = Amount of increase in equilibrium GDP required / Expenditure multiplier = 120 / 4 = $30

Amount of tax cut or decrease in T required = Amount of increase in equilibrium GDP required / Tax multiplier = 120 / (-3) = -$40

Therefore, correct option is c. raise G by $30 or reduce T by $40.

4 0
3 years ago
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On
8_murik_8 [283]

Answer:

Debit : Account Payable $1,600

Credit : Discount Received $32

Credit : Cash $1,568

Explanation:

The correct journal entry to record the payment on July 28 includes a Debit to Accounts Payable and Credit to Discount and Cash. Cash should be after returns and discount received.

8 0
3 years ago
Define return( rate of return).​
elena-14-01-66 [18.8K]

Answer:

its returning the rate that was given out

i guess i jus gave it a try

6 0
3 years ago
What common business mistake can cost you everything?
disa [49]

Answer:

Failure to buy adequate business insurance

Explanation:

8 0
3 years ago
Read 2 more answers
Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment Surgical Supplies Rehab Equipme
Elan Coil [88]

Answer:

$163

Explanation:

The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.

These costs includes cost of purchase, freight, Insurance cost during transit etc.  

Subsequently, inventory is to be carried at the lower of cost or net realizable value.  The net realizable value is the difference between the cost and cost to sell.

Given;

   Surgical Equipment    Surgical Supplies  Rehab Equipment Rehab Supplies Selling price $ 265                $ 132                        $ 352                  $ 159

Cost               $ 163                 $ 100                       $ 252                  $ 159

Costs to sell   $ 26                  $ 11                          $ 32                    $ 7

Net realizable  $ 239               $ 121                       $ 322                 $ 152

Applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at

= $163

5 0
3 years ago
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