In examining the national income accounts of the closed economy of Nepotocracy you see that this year it had taxes of $100 billion, transfers of $20 billion, and government purchases of goods and services of $70 billion. You also notice that last year it had private saving of $70 billion and investment of $50 billion. In which year did Nepotocracy have a budget deficit of $20 billion? A. this year but not last year B. last year but not this year C. neither this year nor last year D. this year and last year

Answers

Answer 1

Answer: B. last year but not this year

Explanation:

Last Year

Private savings + Public savings = Investment

70 + Public = 50

Public saving = 50 - 70

= -$20 billion

Public saving refers to a budget surplus because it means that the Government gets to save the amount of its revenue that it did not spend.

If Public saving is negative then there was a BUDGET DEFICIT.

This year

Budget surplus (deficit) = Government Revenue - Expenditure and transfer payments

= 100 - 70 - 20

= $10 billion

This year has a budget surplus.


Related Questions

Right Hand inc.'s company structure is designed to provide focus to each distinct industry the company serves. This is an example of a __ structure.

Answers

Answer:

Product

Explanation:

The product structure is a structure that gives an overview of the product to the customers and according to the customer needs and wants the product could be customized. Also the company have to see the customer taste and preferences and modify there products from time to time so that the company could able to accomplish its sales target

Here in the question, the company focused on each and every different industry that the company serves

So this represents the product structure

Cash outflows for McKinney Publishing in 2020 included:________. $347,000 in salaries to authors. $180,000 in fees to contracted editors. $83,000 to obtain copyrights for 15 new books. $1.3 million to purchase a new printing warehouse. $560,000 to upgrade current printing equipment. How much of these cash outflows will McKinney Enterprises expense?

Answers

Answer: $527,000

Explanation:

Salaries to authors = $347,000

Fees to contracted editors = $180,000

Copyrights obtained = $83,000

Purchase of a new printing warehouse = 1.3 million

Upgrade of current printing equipment = $560,000

McKinney Enterprises expense will be:

= Salaries to authors + Fees to contracted editors

= $347,000 + $180,000

= $527,000

A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends?

a. $22,000
b. $25,000
c. $44,000
d. $50,000

Answers

Answer:

c. $44,000

Explanation:

Calculation for the amount that will be recorded as cash dividends

Cash Dividend=(25,000 shares- 3,000 Treasury stock) * $2 per share

Cash Dividend=22,000*$2 per share

Cash Dividend=$44,000

Therefore the amount that will be recorded as cash dividends is $44,000

Noma plans to save $3,400 per year for the next 35 years. If she can earn an annual interest rate of 9.2 percent, how much will she have in 35 years? a) $716,300.24 b) $119,000.00c) $767,464.54 d) $83807128 e) $734,09652

Answers

Answer:

c) $767,464.54

Explanation:

The computation of the future value of an annuity is shown below:

As we know that

Future value of annuity F =  Payment made × ((1 + rate of interest)^t - 1) ÷ r ate of interest

= $3,400 × (1.092^35 - 1) ÷ 0.092

= $3,400 × 225.7249

= $767,464.54

Hence, the future value of an annuity is $767,464.54

Therefore the correct option is c.

Earnings of workers are typically decreased by

Answers

It’s typically decreases by the amount of other workers.

Total fixed costs for Diamond Enterprises are $800,000. Total costs, including both fixed and variable, are $890,000 if 120,000 units are produced. What would be the fixed cost per unit at 200,000 units?a) $4.00 per unitb) $7.42 per unitc) $4.45 per unitd) $0.45 per unit

Answers

Answer:

a. $4.00 per unit

Explanation:

Variable costs are those costs that varies with output level e.g labor cost, while fixed costs are those costs that do not change irrespective of output level. eg rent.

Given that ,

Total cost = $890,000

Total fixed cost = $800,000

Variable cost = Total cost - Total fixed cost

Variable cost = $890,000 - $800,000 = $90,000

Number of units = 200,000

Fixed cost per unit = Total fixed cost / Number of units

Fixed cost per unit = $800,000 / 200,000 = $4 per unit

Discuss about Financial System and its impact on the strategic Financial Management

Answers

Answer:

The modern Financial System is based on a central bank that controls the monetary base (but not the money supply), and in fractional reserve banking. The implicaton of this, is that banks loan out some of the money that they obtain as deposits, and in this process they create money.

Explanation:

The Financial System is influenced by this process of money creation, because when the money that circulates in the economy (the money supply) changes, interest rates also change.

Interest rates are the price of investment, and the most important indicator that a financial manager has to take into account when making a financing decision.

Financial managers must also take into account the different types of financial institutions that exist, from hedge funds, to commercial banks, to cooperatives, and the different types of securities, from stocks, to bonds, to derivatives and futures.

The vast improvement in communications technology and globalization has caused the degree of competition many local retail businesses face to ___________.

a. fluctuate drastically
b. increase
c. decrease
d. stay the same

Answers

Answer:

b. increase

Explanation:

These changes have caused competition to greatly increase. This is mainly because with these changes anyone from around the world can provide the same services/products that a local retail business can provide while reaching customers from all over the world. Therefore, also competing with any retail brick-and-mortar business from any part of the world. Customers can easily communicate with these online businesses and purchase their products/services from the comfort of their homes and usually at a much better price.

Charlotte's Crochet Shoppe has 10,700 shares of common stock outstanding at a price per share of $63 and a rate of return of 11.13 percent. The company also has 320 bonds outstanding, with a par value of $1,000 per bond. The pretax cost of debt is 5.89 percent and the bonds sell for 93.6 percent of par. What is the firm's WACC if the tax rate is 40 percent?

a. 8.79%
b. 8.49%
c. 9.93%
d. 8.33%
e. 9.52%

Answers

Answer:

a. 8.79%

Explanation:

WACC = Weight of debt * Pretax cost * (1 - Tax) + Weight of Equity * Cost of Equity

Value of Equity = 10,700 * $63 = $674,100

Value of debt = 320 * $1000 * 93.6% = $299,520

Weight of Debt = $299,520/($299,520 + $674,000) = 30.76%

Weight of Equity = $674,000/($299,520 + $674,000) = 69.24%

WACC = 30.76% * 5.89% * (1 - 40%) + 69.24% * 11.13%

WACC = 30.76% * 5.89% * 0.60 +  69.24% * 11.13%

WACC = 0.010870584 + 0.07706412

WACC = 0.087934704

WACC = 8.79%

Crane Company sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has variable costs per unit of $30 and a selling price of $90. Q-Drive Plus has variable costs per unit of $45 and a selling price of $135. Crane’s fixed costs are $486000. How many units of Q-Drive would be sold at the break-even point?

Answers

Answer:

1,800 units

Explanation:

With regards to the above, we need to find first the contribution margin of Q drive.

Contribution margin of Q drive = Selling price - Variable costs per unit

= $90 - $30

= $60

We will also find contribution margin of Q drive plus

Contribution margin of Q drive plus = Selling price - Variable costs per unit

= $135 - $45

= $90

Therefore, the combine contribution margin for both drive

= 30% × $60 + 70% × $90

= $18 + $63

= $81

The next step is to find the total break even point

= Crane company's fixed costs / Combined contribution margin

= $486,000 / $81

= 6,000 units

Furthermore, it means that Q drive would be sold at the break even point = Total break even point × Sales mix

= 6,000 × 30%

= 1,800 units

Chuck Russo, a high school math teacher, wants to set up an IRA account into which he will deposit $2,000 per year. He plans to teach for 20 more years and then retire. If the interest on his account is 7% compounded annually, how much will be in his account when he retires?

Answers

Answer:

FV= $819,909.85

Explanation:

Giving the following information:

Anual deposit= $20,000

Number of periods= 20 years

Interest rate= 7%

To calculate the future value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {20,000*[(1.07^20) - 1]} / 0.07

FV= $819,909.85

An indifference curve shows the various bundles of goods that:_________ A. all cost the same amount of money. B. make the consumer equally happy. C. can be purchased on the open market. D. are overpriced.

Answers

Answer:

B. make the consumer equally happy.

Explanation:

An indifference curve can be defined as the graphical representation of two products (commodities) that gives a customer equal utility and satisfaction and as such making him or her indifferent about them as they are equally happy.

Hence, an indifference curve shows the various bundles of goods that make the consumer equally happy.

Calculate the federal income tax liability of a worker who earned $522,503 in 2019, and who takes the standard deduction of $12,200. Keep in mind that calculations of federal income tax drop any numbers after the decimal point.

Answers

Answer:

Tax liability = $157,611 (Approx)

Explanation:

Taxable Income = Gross Income – Standard Deduction

Taxable Income = $522,503 - $12,200

Taxable Income = $510,303

Calculation of tax liability:

Tax liability = ($9,700 x 10%) + [($39,475 - $9700) x 12%] + [($84,200 - $39,475) x 22%] + [($160,725 - $84,200) x 24%] + [($204,100 - $160,725) x 32%] + [($510,300 - $204,100) x 35%] + [($510,303 - $500,000) x 37%]

Tax liability = $157,611 (Approx)

An increase in income:________. A. changes relative prices of goods the consumer buys. B. shifts the budget constraint outward. C. shifts the budget constraint inward. D. leads to the substitution effect.

Answers

Answer: B. shifts the budget constraint outward

Explanation:

An increase in the income of a consumer will bring about an outward shift of the budget constraint. This is because when the income of a consumer rises, such consumer can buy more goods and services.

Also, a decrease in income will result into an inward shift of the budget constraint. This is because lesser goods are purchased.

Equipment that was purchased for $900,000 has a current book value of $450,000. Assume a capital gains tax rate of 28%. Compute the net tax payment or savings if you sell the equipment for $636,400.

Answers

Answer:

there is an increase in taxes of $52,192

Explanation:

The computation of the net payment or saving is shown below:

Given that

Book value = $450,000

Sale value = $636,400

since the sales value is more than the book value so here the capital profit is there

Therefore capital profit would be

= $636,400 - $450,000

= $186,400

Now tax would be

= $186,400 × 28%

= $52,192

So there is an increase in taxes of $52,192

Which of the following cannot be the characteristic of entrepreneurial climate

Answers

Answer:

-900000000000000000000000000

is there more information that i can use to answer this question

An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is:______

a. target income analysis
b. cost - volume profit analysis
c. least -square regression of costs
d, varaince analysis
e. process costing

Answers

Answer:

b. cost - volume profit analysis

Explanation:

Cost - volume profit analysis (CVP) is a tool the is used for mix of products sold, unit variable cost, total fixed costs, break-even point, sales volume, selling price.

CVP is a way that business gauge the different levels of cost and production volume on profit.

CVP is also called break even analysis which determines at which production level a business makes profit.

This analysis assumes that price, variable cost and fixed cost are constant.

The analysis allows companies get an accurate volume of units of products that will begin to bring in profits (break even)

At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $16,000. Instructions Journalize and post the adjusting entry for bad debts at December 31, 2020. Journalize and post to the allowance account the following events and transactions in the year 2020. March 1, a $1,900 customer balance originating in 2020 is judged uncollectible. May 1, a check for $1,900 is received from the customer whose account was written off as uncollectible on March 1. Journalize the adjusting entry for bad debts on December 31, 2020. Assume that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,000, and the aging schedule indicates that total estimated bad debts will be $38,300.

Answers

Answer:

a. Journal Entry

Date     Account Titles            Debit            Credit

Dec 31  Bad Debts Expense  $16,000

            Allowance for Doubtful Accounts $16,000

To record bad debts expense.

b. Journal Entries:

Date     Account Titles            Debit            Credit

Mar 1   Allowance for

           Doubtful Accounts    $1,900

            Accounts Receivable                     $1,900

To record the write-off of uncollectible account.

Date     Account Titles              Debit            Credit

May 1    Accounts Receivable $1,900

             Allowance for Doubtful Accounts  $1,900

To record the reversal of the March 1, 2020 entries.

Date     Account Titles            Debit            Credit

May 1   Cash                           $1,900

             Accounts Receivable                    $1,900

To record the receipt of check from the customer.

c. Journal Entries:

Date      Account Titles              Debit            Credit

Dec. 31  Bad Debts Expense $40,300

             Allowance for Doubtful Accounts $40,300

To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.

Explanation:

a) Adjusting journal entries are necessary to ensure that the accounts are reported in accordance with the accrual concept.

Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Price Standard Quantity (Rate) Unit CostDirect materials (plastic) 9 sq ft. $ 1.30 per sq. ft. $ 11.70 Direct labor 0.3 hr. $ 13.50 per hr. 4.05 Variable manufacturing overhead(based on direct labor hours) 0.3 hr. $ 1.30 per hr. 0.39 Fixed manufacturing overhead($619,080 ÷ 938,000 units) 0.66 Parker Plastic had the following actual results for the past year:Number of units produced and sold 1,000,000Number of square feet of plastic used 12,800,000Cost of plastic purchased and used $ 15,360,000Number of labor hours worked 336,000Direct labor cost $ 4,200,000Variable overhead cost $ 1,700,000Fixed overhead cost $ 393,000Required:Calculate Parker Plastic’s variable overhead rate and efficiency variances and its over- or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.)Variable Overhead Rate Variance $Variable Overhead Efficiency Variance $Variable Overhead Spending Variance $

Answers

Answer:

Following are the solution to this question:

Explanation:

Overhead variable rate

[tex]=1700000-(336000 \times 1.30)= 1263200[/tex]

Performance Variance variable overhead

[tex]=1.3\times (336000-1000000 \times 0.3) = 46800[/tex]

Overhead variable spending[tex]=1700000-(1000000\times 0.39) =1310000[/tex]

What type of research is being used when gathering data from structured survey responses that are numerical in nature?A. Qualitative.
B. Observational.
C. Quantitative.
D. Secondary.
E. Tertiary.

Answers

Answer:

C. Quantitative.

Explanation:

Here in the question it is mentioned that the research type which is used at the time when the data is gathered from structured survey that response and are in the numerical so here the numerical means the data which can be count and we called as a quantitative

Therefore the option C is correct

hence, the same is to be considered

The Firm X just paid a dividend of $1.26 per share on its stock. The dividends are expected to grow at a constant rate of 5% per year indefinitely. If investors require a 10% return on Firm X stock, what is the current price?

Answers

Answer: $26.46

Explanation:

The value of the stock can be solved using the Gordon growth model.

[tex]= \frac{Current dividend * (1 + growth)}{required return - growth rate} \\\\= \frac{1.26 * (1 + 0.05)}{0.10 - 0.05}\\\\= 26.46[/tex]

= $26.46

The price of TSC stock will be either $42 or $46 at the end of the year. Currently, T-bills yield 4.1 percent and TSC sells for $43 a share. What is the per share value of a one-year TSC call option if the exercise price is $45 per share?

a. $1.03
b. $.66
c. $.72
d. $.81
e. $0

Answers

Answer:

b. $.66

Explanation:

The computation of the per share value for the one year is

Given that

Current Price = $43

Possible Prices = $42 and $46

Now

u = [($46 - $43) ÷ $43] + 1

= 1.06977

And

d = 1 - [($42 - $43) ÷ $43]

= 0.9767

And,

Risk-Free Rate = T-Bill Rate = Rf = 4.1 %

Now the up move price probability is

= [(1 + Rf) - d] ÷ [u - d]

= [(1.041) - 0.9767] ÷ [1.06977 - 0.9767]

= 0.69088

And,  

Exercise Price = $ 45

Now

If the Price is $42, so Payoff = $0

And

if the Price is $46, so Payoff =is

= ($46 - $45)

= $1

Finally the call price is

= [0.69088 × 1 + (1 - 0.69088) × 0] ÷ 1.041

= $0.66367

= $0.66

Discuss how structural dimensions of the firm, including formalization, standardization, and centralization, can affect the firm’s propensity to innovate and its effectiveness at innovation

Answers

Explanation:

A company's organizational structure can be defined as the organization of the company's activities so that it operates more efficiently and effectively and achieves its objectives and goals.

Therefore, the structural dimensions of a company including formalization, standardization and centralization will directly influence the innovation of an organization in relation to several variables such as its internal environment, processes, products and services, as there are organizational structures that are more focused on innovation than others, such as the horizontal structure in relation to the vertical, since the vertical structure is the most rigid and with a higher hierarchy, while in the horizontal structure there is greater autonomy of employees and greater participation in the decision-making process, which is a more flexible environment open to innovation.

Accounting Employees view budgeting more positively when goals are established for them by senior management.

a. True
b. False

Answers

Answer:

B

Explanation:

Having determined that June's poor work performance is related to a lack of ability, what is the first question you should ask?A) Why does June have a poor attitude?B) Does June lack commitment?C) Does June have the resources to do the job?D) Why doesn't June try harder?

Answers

I can help u I just did this); this is sooo easy):

Explain the Virtuous cycle

Answers

here you go! hope this helps!!

Sally Smythe enters into a partnership by contributing the following:

Cash $14,200
Accounts Receivable $3,700
Machinery which cost $2,200
Fair market value $1,325
Accounts payable $2,100.

What amount will be recorded in her capital account?

Answers

Answer:

$17,125

Explanation:

Sally's capital should include all the assets that she contributes to the partnership minus the liabilities. Contributions to partnerships must be recorded at fair market value.

Sally's capital account = cash + accounts receivable + FMV of machinery - accounts payable = $14,200 + $3,700 + $1,325 - $2,100 = $17,125

Inter-Personal Intelligence is:
a) The sensitivity to tackle deep questions about human existence, such as the meaning of life, how we got here, and why we die.
b) By the capacity to detect and respond appropriately to the moods, motivations, and desires of others.
c) The well-developed language skills; sensitivity to the meetings and effects of words.

Answers

Answer:

on my view its c for sure

A person is considered an entrepreneur because she?

Answers

The answer must be 3

A person is considered an entrepreneur because she combined resources to create new products. Thus, option (c) is correct.

A person who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is an entrepreneur. Entrepreneurship is the practice of starting a business.

Every economy requires entrepreneurs because they have the knowledge and drive to foresee demands and promote novel ideas. Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with earnings and expansion possibilities.

Therefore, option (c) is correct.

Learn more about on entrepreneur, here:

https://brainly.com/question/31010585

#SPJ6

Countries are better able to negotiate free-trade agreements because of the
existence of the which of the following?
A. World Trade Organization
B. Chicago Mercantile Exchange
C. Internal Revenue Service
D. Securities and Exchange Commission

Answers

A. World Trade Organization

Answer:

World Trade Organization

Explanation:

took the test

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