Answer:
I believe the best answer would be A. $10,580
Explanation:
400 x 23.89 = $9,556. 400 x 50.34 = $20,136
$20,136 - $9,556 = $10,580
Answer:
142.5
Explanation:
To determine the price forecast for year 2006 we must find the average price for the prior four years:
price forecast for 2006 = (100 + 120 + 140 + 210) / 4 = 570 / 4 = 142.5
The simple moving average (SMA) is just the average price for the previous years.
Answer:
$320,000
Explanation:
As we know that the
Comprehensive Income = Operating profits + Unrelated profits
The unrelated profits here is profit generated arising due to the sale of debt securities which is not the core operation of the company and hence is unrelated profits.
So by putting values we have:
Comprehensive Income = ($800,000 - $600,000 + $90,000) + $30,000
Comprehensive Income = $320,000
Answer:d. LIFO will result in higher income taxes than FIFO
Explanation:
A period of rising prices means price will be higher on the latter goods than the former, inventory sold on Last in first out method (LIFO) will be costlier in this period than inventory sold on First in First out ( FIFO) this invariably means LIFO will result in lower net income due to high cost of inventory compared to FIFO and the lower the net income the lower the income tax this invariably means LIFO will result in lower income tax.
Average costing will yield result that are between those of LIFO and FIFO since it can an average of two price with one LIFO and the other on FIFO, LIFO will result in higher cost of goods sold since the latter goods will be costlier, FIFO will result in higher net income since the goods will be cheaper than LIFO.
Answer: $200 billion
Explanation:
First find the government spending multiplier:
Multiplier = 1 / (1 - MPC)
= 1 / (1 - 0.8)
= 5
The government wants to increase the real GDP to $19 trillion from $18 trillion which means that they want to increase it by $1 trillion.
In order to increase it by $1 trillion, the amount the government needs to spend is:
Increase in real GDP = Multiplier * Government spending
1 trillion = 5 * Government spending
Government spending = 1 trillion / 5
= $200 billion
