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ludmilkaskok [199]

3 years ago

15

Gullett Corporation had $34,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona

l $83,000 of raw materials. The journal entry to record the purchase of raw materials would include a:

1 answer:

lapo4ka [179]3 years ago

8 0

Answer:

A decrease in price

Explanation:

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Which of the following is a correct description of the crowding-out effect of deficit spending?

borishaifa [10]

Answer:

the options are missing, so I looked for them:

a. The buying of government bonds leads to lower interest rates, thereby reducing private investment.

b. The selling of government bonds leads to higher interest rates, thereby reducing private investment.

c. The selling of government bonds leads to lower interest rates, thereby reducing private investment.

d. The buying of government bonds leads to higher interest rates, thereby reducing private investment.

the answer is:

b. The selling of government bonds leads to higher interest rates, thereby reducing private investment.

Explanation:

The crowding out effect happens when the government increases its spending level in order to engage in an expansionary fiscal policy but someone needs to pay for this extra spending. In order for the government to finance their spending, they have to choose to either increase taxes or issue more debt. When they issue more debt, they end up decreasing private investment since money that could be used by private companies is used by the government instead.

5 0

3 years ago

A company made a profit of $75,000 over a period of 6 years on an initial investment of $15,000. What is its annualized ROI?

Slav-nsk [51]

Return on Investment = 83% or 0.83

total Profit = 75000
term = 6 yrs
annual profit = 75000 / 6 = 12500
initial investment = 15000

ROI = Net Profit / Total Asset
= 12500 / 15000
= 0.83 or 83% (0.83 x 100%)

6 0

3 years ago

Your company expects to receive CAD 1,200,000 in 90 days. The 90 day forward rate for CAD is $0.80 and the current spot rate is

Masteriza [31]

Answer:

Cost of hedging = $24,000

Explanation:

cost of hedging = 1,200,000 * ($0.80 - $0.82) = 1,200,000 * $0.02 = -$24,000

Since the actual forward rate was higher than th eexpected forward rte, the coampny lost money by hedging the operation. The cost of hedging the operation was $24,000.

4 0

3 years ago

Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con

yarga [219]

Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

<u>Details $ $ </u>

Net income 69,000

Adjustment to reconcile net income

Depreciation expense 13,000

Loss on sale of land 12,000

(Increase) decrease in current assets

Increase in inventory (35,000)

Increase in prepaid rent (7,500)

Increase in accounts receivable (47,000)

Increase (decrease) in current liabilities:

Increase in accounts payable <u> 15,000 </u>

Net cash from operating activities 19,500

<u>Cash flows from investing activities: </u>

Cash received from the sale of land 7,500

Purchase of equipment <u> (229,000) </u>

Net cash flows from Investing activities (221,500)

<u>Cash flows from financing activities: </u>

Payment of dividends (31,000)

Repayment of notes payable (49,000)

Issuance of common stock <u> 241,000 </u>

Net cash from financing activities <u> 161,000 </u>

Increase / (Decrease) in cash (41,000)

Beginning cash balance <u> - </u>

Ending cash balance <u> (41,000) </u>

7 0

3 years ago

What would happen if currency in all countries had fewer denominators?

uranmaximum [27]

Your answer should be C :)

good luck

8 0

3 years ago