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An economic downturn, usually characterized by a fall in the gdp and rising unemployment, is called

Cloud [144]

An economic downturn, usually characterized by a fall in the gross domestic product (GDP) and rising unemployment, is called recession. <span> If the economy declines significantly for at least six months then recession is declared. </span>This period is characterized with reduced trade and industrial activity.

7 0

3 years ago

ABC Company issues 10%, 15-year bonds with a par value of $280,000 and semiannual interest payments. On the issue date, the annu

Sloan [31]

Answer and Explanation:

1. The computation of issuer's cash proceeds is shown below:-

Cash proceeds = Par value × Selling price

= $280,000 × 117.25%

= $328,300

2. The computation of total amount of bond interest expense is shown below:-

30 payment of $14,000 = $420,000

Semi-annual interest payment = Par value × Issued percentage ÷ 2

= $280,000 × 10% ÷ 2

= $14,000

Total repayment = $420,000 + $280,000

= $700,000

Total bond interest expense = Total repayment - amount borrowed

= $700,000 - $328,300

= $371,700

3. The computation of the amount of bond interest expense is shown below:-

Amount of bond interest expense = Semi-annual interest payment + Discount amortization

= $14,000 + ($280,000 - $328,300) ÷ 30

= $14,000 -$1,610

= $12,390

Since it is semi annual so we half the rate and doubles the time period

7 0

3 years ago

What is the new law the American government enacted for promoting small businesses in the country?

Lady bird [3.3K]

Answer:

The Small Businesses Act of 1953.

Explanation:

In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.

The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.

The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).

Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.

Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.

4 0

3 years ago

Explain the following statement in your own words: "Increasing productivity and also quality will result in increased capacity,

WARRIOR [948]

Answer:

Increased productivity and quality leads to consumer trust relationship that results in increase in demand and increase in the production capacity to meet the demands.

Explanation:

First when a company increases its productivity with commensurate increase in the quality of the goods produced or manufactured. The direct effect is that the consumer base of the goods increase. In other words, consumers exhibit a level of confidence in the quality of the goods, they are attracted to patronize the company and since there is increased productivity, the company is able to meet the needs of its increasing consumers.

Furthermore, once the consumers are attracted and the company is able to meet demands, more consumers are also eager to join in purchasing the product, hence, the company is then required to increase its production capacity to meet the demands of its ever increasing customers.

The ability of a company to produce consistently quality goods and also meet the demands of its customers lead to a trust relationship between the customers and the manufacturer and such a relationship provides a solid platform for a continuous increase in consumer base that will warrant an increase in production capacity to accommodate more demands.

8 0

4 years ago

Which of the following is a difference between managing and leading?

aalyn [17]

Answer:

D

Explanation:

I just took the quiz

3 0

3 years ago