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2 years ago

Suppose a country spiraled into economic recession. What would John Maynard Keynes recommend to fight the recession?

1 answer:

3 0

John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand to pull the economy out of the recession..

John Maynard Keynes is an economist who was popularly known for creating the Keynesian theory of economics

The Keynesian theory of economics is one who who advocate for saving less and spending more, thereby, raising their marginal propensity to consume and economic growth.

Now, supposing that a country spiraled into economic recession, John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand and pull the economy out of the recession..

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A corporation's legal capital:

Fantom [35]

Answer: d. Is established to protect the corporation's creditors.

Explanation:

A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.

The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.

3 0

3 years ago

Read 2 more answers

The following information was reported by Young's Air Cargo Service for 2017: Net fixed assets (beginning of year) $ 1,860,000 N

Degger [83]

Answer:

1.56

Explanation:

Data provided in the question:

Net fixed assets (beginning of year) = $1,860,000

Net fixed assets (end of year) = $2,280,000

Net operating revenues for the year = $3,230,000

Net income for the year = $1,600,000

Now,

company's fixed asset turnover ratio for the year

= Net operating revenues ÷ Average total assets

Also,

Average total assets

= [Net fixed assets (beginning of year) + Net fixed assets (end of year) ] ÷ 2

= [ $1,860,000 + $2,280,000 ] ÷ 2

= $2,070,000

Therefore,

Company's fixed asset turnover ratio for the year

= $3,230,000 ÷ $2,070,000

= 1.56

3 0

3 years ago

Fleesum recently began using cross-functional teams. Dee wants to make sure the teams collaborate effectively, but also wants to

Mariulka [41]

Answer:

use a skill-based pay plan for the teams.

Explanation:

Based on this scenario it can be said that the best method for Dee to use would be a skill-based pay plan for the teams. A Skill-based pay (SBP) is a unique compensation method that is designed to reward individual employees with additional pay in exchange for formal certification of the employee's mastery of skills, knowledge, and/or competencies. This will promote individual initiative without suppressing a cooperative work environment.

8 0

3 years ago

Planning for capital expenditures is necessary for all of the following reasons except:

True [87]

Answer:

The correct answer is (C)

Explanation:

Planning for capital expenditures is an important aspect which helps the organisation to grow in future and to mitigate the risks of financial distress. Amount spent on office equipment is not a part of planning for capital expenditures because in time fixed assets such as office equipment wear out or become superseded. All other reason are a part of planning for capital expenditures.

3 0

3 years ago

Huang Aerospace Corporation manufactures aviation control panels in two departments, Fabrication and Assembly. In the Fabricatio

Yanka [14]

Answer:

b. $1,500

Explanation:

The computation of the total amount of manufacturing overhead is shown below:

= Assembly department + Fabrication department

where,

Assembly department equals to

= $30 × 40 machine hours

= $1,200

Fabrication department would be

= $12 × 25 direct labor hour

= $300

So, the total manufacturing overhead would be

= $1,200 + $300

= $1,500

7 0

3 years ago