5.ABC Company is planning to market a new model of product X. The management

Suppose the economy is in a recession. The economy needs to expand by at least $350 billion, and the marginal propensity to cons

MissTica

Answer:

$140

Explanation:

Calculation for What is the least amount the government can spend to overcome the $350 billion gap

First step is to find the Multiplier using this formula

Multiplier=1(1-Marginal propensity)

Let plug in the formula

Multiplier=1/(1-0.6)

Multiplier=1/0.4

Multiplier=2.5

Now let calculate the least amount the government can spend using this formula

Least amount=Gap/Multiplier

Let plug in the formula

Least amount=$350 billion /2.5

Least amount=$140

Therefore the least amount the government can spend to overcome the $350 billion gap is $140

4 0

3 years ago

Sara borrowed $500 for four years at 3 percent interest, compounded annually. Use the formula to calculate the total amount she

topjm [15]

The answer is 562.754405
The total amount she will have to pay back in four years is. 562.754405

6 0

3 years ago

Read 2 more answers

In a cost reimbursable contract, _____. the contract usually details the quality of the goods or services, the timing needed to

JulsSmile [24]

Answer:

the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.

In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

This ultimately implies that, a client such as a business organization that enters into a cost reimbursable contract with another party such as a contractor, agrees to pay the contractor an agreed amount of money upon the completion or execution of the contract.

7 0

3 years ago

Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing depar

Svetllana [295]

Answer:

Ice Cream Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to: __________

= $17.97.

Explanation:

a) Data and Calculations:

Units Materials Conversion

Beginning work in process inventory 900 $13,000 $5,100

Degree of completion 75% 20%

Units started into production 9,600

Total units in production 10,500

Units completed and transferred 8,500 100% 100%

Ending work in process inventory 2,000 90% 30%

Units Materials Conversion

Beginning work in process inventory 900 $13,000 $5,100

Costs added during the month $172,100 $242,100

Total production costs for the month $185,100 $247,200

Equivalent units of production:

Units Materials Conversion

Units completed and transferred 8,500 8,500 (100%) 8,500 (100%)

Ending work in process inventory 2,000 1,800 (90%) 600 (30%)

Total equivalent units 10,300 9,100

Cost per equivalent unit:

Materials Conversion

Total production costs $185,100 $247,200

Total equivalent units 10,300 9,100

Cost per equivalent unit $17.97 $27.16

6 0

2 years ago

A senator renounces his past support for protectionism: "The U.S. trade deficit must be reduced, but import quotas only annoy ou

Marat540 [252]

Answer

FALSE

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

4 0

3 years ago