Answer:
- a. monetary policy is completely ineffective, whereas fiscal policy is highly effective.
- a. monetary policy is completely ineffective, whereas fiscal policy is highly effective.
Explanation:
When the LM curve is horizontal, a change in money supply will not impact interest rates which would make monetary supply completely ineffective because people will be able to keep borrowing regardless of the money supply level in the economy.
If the IS curve is vertical, it means that output is independent of interest rates. This would again render monetary supply completely ineffective as output will not change as a result of a change in money supply. Fiscal policy will still work however because it would lead to more output being created via the multiplier process.
<span>Which of the following statements is NOT true about lockout/tagout?
D. Lockout/Tagout is to be used only in extreme cases of potential electrical hazard
D is not true because you would use a lockout/tagout when applying electricity in a way that could be dangerous. Due to being able to use it whenever it could be dangerous, it is used more than just in extreme cases.
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Answer:
$6,100
Explanation:
Data given in the question
Accumulated benefit obligation = $45,900
Projected benefit obligation = $68,100
Fair value of the plan assets = $62,000
So, by considering the above information, the benefit plan recognized is
= Projected benefit obligation - fair value of the plan assets
= $68,100 - $62,000
= $6,100
Hence, the accumulated benefit obligation is ignored
Answer:
b. Land improvement.
Explanation:
Total assets include current assets, fixed assets, and intangible assets Current assets include cash, stock, receivable account, etc. Fixed assets include plant & machinery, property, facilities, furniture & equipment, land, etc.
And the intangible assets are trademarks, copyrights, goodwill, and other intellectual properties.
The main difference between land and land improvements is that the land is a non-depreciable asset plus it has unlimited life whereas land improvement is depreciated assets and it has a limited life.
The example of land improvement includes the parking lot, lighting, fences, etc
Answer:
$240,200
Explanation:
The computation of the account receivable amount reported in the balance sheet is given below:
Bad debt expense os
= $900000 × .50%
= $4,500
And,
Allowance for doubtful accounts after adjustment is
= $4,500 + $300
= $4,800
Now
Balance of account receivable is
= $245,000 - $4,800
= $240,200
