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2 years ago

Which of these would Congress look to do during a recession, as it pertains to fiscal policy?

Business

1 answer:

jeyben [28]2 years ago

4 0

Answer:

Raise taxes

Explanation:

This will help reduce the amount of money in circulation because during recession money loses its value due to large amount of money in circulation

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At the beginning of the year, TRK started with $15,000 in beginning inventory. Throughout the period, TRK purchased $40,000 wort

serious [3.7K]

Answer:

$47,100

Explanation:

The cost of goods available for sale is the sum of the opening balance and the net purchases during the period.

The net purchases is the difference between the total purchases and the allowances and discounts and returns.

Hence,

Cost of goods available for sale

= $15,000 + $40,000 - $2,000 - $500 - $5,700 + $300

= $47,100

8 0

3 years ago

Suppose that Larry, an economist from a business school in Georgia, and Megan, an economist from a nonprofit organization on the

iVinArrow [24]

Where is the dialogue? :)

3 0

3 years ago

Ravine Corporation purchased 30 percent ownership of Valley Industries for $92,700 on January 1, 20X6, when Valley had capital s

Maslowich

Answer:

The Various answers are clearly explained in the Explanations. Thank you.

Explanation:

First, we calcuate the Net Income of Ravine Corporation Based on the FairValue Method

Year OPerating Income UnrealizedGain Dividend inc. Net Income

20x6 $140,000 11,000 6,000 $157,000

20x7 80,000 11,000 12,000 $103,000

20x8 220,000 11,000 12,000 $243,000

20x9 160,000 11,000 6,000 $177,000

Kindly note, thta the dividend income for each year is based on 30% of the Dividend of Valley for that year for instance, Dividend income for 20x6 = 0.3 x $20,000 = $6,000

Next we calculate the Net Income of Ravine Corpoartion Under the Equity Method

Year OPerating Income Share ofo Income in Valley Net Income

20x6 $140,000 9,000 149 ,000

20x7 80,000 15,000 95,000

20x8 220,000 3,000 223,000

20x9 160,000 12,000 172,0000

NOte as well that the Share of Income in Valley is 30% of the yearly net income of Valley Industries.

Question B) Part 1

Ravine Corporation Journal Entries

S/N Description Debit Credit

1 Cash 12,000

Dividend Revenue 12,000

Being the record of dividend received from valley industries

2. Fair Value Adjustment 11,000

Unrealized holding gain or loss 11,000

Being the rcord of fair value change in value of the investments

Question B) Part 2

S/N Description Debit Credit

1 Cash 12,000

Investment in Valley 12,000

Being the record of dividend received from valley industries

2. Investment in Valley 3,000

Investment Income 3,000

BBeing the share of income of Ravine in Valley

6 0

3 years ago

Suppose potential income is $80 billion, actual income is $40 billion, and expenditures don't vary with income. If the actual bu

gogolik [260]

A(4billion)

Because I 4-(5-22)-2

7 0

3 years ago

Suppose the cost per hour incurred in operating a cruise ship is 3a + bv3 dollars per hour, where a and b are positive constants

Airida [17]

Answer:

Suppose the cost per hour incurred in operating a cruise ship is 3a + b $v^{2}$ dollars per hour, where a and b are positive constants and v is the ship's speed in miles per hour. At what speed (in miles per hour) should the ship be operated between two ports, at a distance D miles apart, to minimize the cost? (Hint: Minimize the cost, not the cost per hour.)

<em>The speed at which the ship would maximize cost is </em> $\sqrt[3]{\frac{3a}{2b} }$

Explanation:

The problem can be solved using differentiation to get the minimum value of the speed to travel between the two ports. Step by step calculation is contained in the attached images;

3 0

3 years ago