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.
Answer:
The correct answer is $234,700.
Explanation:
According to the scenario, the given data are as follows:
Appraised value = $247,600
Cost incurs in house = $12,900
Purchased cost = $238,500
So, we can calculate the opportunity cost by using following formula:
Opportunity Cost = Appraised Value of the house – Cost incur
By putting the value, we get
= $247,600 – $12,900
= $234,700
Answer:
$165,000
Explanation:
The computation of the reported amount for Allowance for Doubtful Accounts is shown below:
= Young accounts × uncollectible percentage + old accounts balance × uncollectible percentage
= $100,000 × 5% + $400,000 × 40%
= $5,000 + $160,000
= $165,000
We simply added the young accounts and old account balance after considering the uncollected percentage
Answer:
Controlling
Explanation:
The controlling function of management refers to the responsability of managers to check the results of the company against the goals that have been set to be able to take any necessary measures to make sure they can be fulfilled and this is what Olivia is doing.