Answer: Option (d) is correct.
Explanation:
Correct Option: Quantity demanded is greater than the quantity supplied.
Excess demand for a product occurs when quantity demanded is greater than the quantity supplied at the ongoing price. When their is a shortage of goods in a market. Excess demand is also known as shortage.
Excess supply occurs in a situation where quantity supplied is greater than the quantity demanded.
Answer:
$3,300,000
Explanation:
Calculation for the amount that Irkalla should report as current liabilities at December 31, year 8
CURRENT LIABILITIES will include the addition of the following:
Trade accounts payable of $200,000
Short-term borrowings of $100,000
Current portion of the long-term loan $100,000
Short-term loan of $1,000,000
TOTAL $1,400,000
ADD Bank loan $2,000,000
CURRENT LIABILITIES $3,300,000
Therefore the amount that Irkalla should report as current liabilities at December 31, year 8 will be $3,300,000
Answer:
a. 72 billion
b. 69.2%
Explanation:
a. The absolute size of its public debt in year 4 would be the total value of the deficit from year 1 till 4.
= 0 + 50 + 30 - 10 (budget surplus so it reduces deficit) - 2
= 72 billion
b. Percentage of real GDP in year 4;
= (72/104) * 100%
= 69.2%
Answer:
The government spent money to lift the economy out of the great depression
Explanation:
Depression is an extended period of economic downturn. It starts as a recession where the economy experiences declining growth. The GDP value decreases and turns. The economy remains in a subdued state for some years. Depression is associated with massive job losses, closure of businesses, reduced prices, low production, and reduced incomes.
To get the economy out of the economic depression, the government had to apply expansionary fiscal policies to stimulate economic growth and recovery. Increasing government spending is one way of stimulating growth. The government engages in capital intensive projects such as the construction of roads, schools, hospitals, and other public amenities. This creates jobs and demand for materials, resulting in higher GDP.
Answer:
$217,000
Explanation:
Begining Purchases Ending
Raw Materials $ 36,000 $ 69,000 $ 24.000
Work in Process $ 23,000 $ 17,000 $ 6.000
Finished Goods $ 37,000 $ 55,000 -$ 18.000
Direct Lab Costs $ 94,000 $ 94,000
Manuf Overhead $ 54,000 $ 54,000
Total
Raw Materials $ 81.000
Work in Process $ 6.000
Finished Goods -$ 18.000
Direct Labor Costs $ 94.000
Manufacturing Overhead $ 54.000
Costo of Goods Manufactured $ 217.000
