What does deficit spending require a government to do?

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Answer 1

Answer:

Answer:

B) TAKE ON DEPT

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howard lumber company mistakenly classified a product cost as an expense that totaled $20,500. the company produced 2,050 units of product and sold 1,025 of them during the year. management is paid a bonus equal to 2% of net income. in the year in which the mistake was made:

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The mistaken classification of the product costas an expense would result in an understatement of the cost of goods sold by $20,500. This would also lead to an overstatement of the net income by the same amount.

To calculate the correct net income for the year, we need to deduct $20,500 from the reported net income.

The cost per unit of the product would be $20,500 divided by 2,050 units, which is $10 per unit.

The cost of goods sold would be 1,025 units sold multiplied by $10 cost per unit, which is $10,250.

Therefore, the corrected net income would be the reported net income minus $20,500, which is the mistaken expense, minus $10,250, which is the corrected cost of goods sold.

If the bonus paid to management is based on net income, then the mistaken classification would have led to a higher bonus payment. The corrected net income would result in a lower bonus payment by 2% of the difference between the reported and corrected net income.

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The manager's most important food safety responsibility is training you to:

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Note that I am not 100%

An important responsibility for a manager when dealing with food safety is to be sure all food is stored at the correct temperature and to keep all areas clean in order to reduce the chance of cross contamination.

If one U.S. dollar equals one euro, which of these could result if the euro experiences inflation?a) E.U. citizens could purchase more goods in the U.S. for less money.

b) E.U. citizens would purchase large amounts of U.S. stock.

c) U.S. citizens would purchase more goods from the E.U. for less money.

d) U.S. citizens would purchase large amounts of E.U. stock.

Which of these statements is true?

a) Inflation means our money has more purchasing power.

b) Inflation happens when there is not enough money.

c) Inflation is due to low production costs.

d) Inflation is problematic if unexpected.

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The right answer for the question that is being asked and shown above is that: "c) U.S. citizens would purchase more goods from the E.U. for less money."

The right answer for the question that is being asked and shown above is that: "a) Inflation means our money has more purchasing power."

Answer:

1. C) U.S. citizens would purchase more goods from the E.U. for less money.

2. D) Inflation is problematic if unexpected.

Explanation:

Took the test and got them right.

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If the exchange rate for Mexican pesos has changed from 10 pesos to 9 pesos per dollar, _____.

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When the exchange rate for the Mexican peso changes from 10 pesos to the U.S dollar to 9 pesos to the U.S. dollar, then the Mexican peso has appreciated and the U.S. dollar has depreciated.

When a currency appreciates, it means it has increased in value relative to any other currency; depreciate means it has been weakened or fell in value relative to any other currency.

Answer:

The dollar depreciated or the peso appreciated.

Explanation:

IN this example the exchange rate for the mexican peso to the US dollar cna happend for one of two reasons it could be that the mexican peso gained power and value or the dollar lost power and value, we can figure that out by seeing if the peso gained value over other coins, or not, if it didn´t and the dollar lost value over other coins as well, then the dollar depreciated.

For several years, a professor at Johns Hopkins University had been using the following grading scheme for his final exam: He would give an A to the student with the highest score. The grades of the remaining students were then based on what percentage their scores were of the top student's score. In the fall of 2012, the students in the class came up with the idea of boycotting the final exam. They stood in the hallway outside the classroom but did not enter the room to take the exam. After waiting for a time, the professor cancelled the exam and, applying his grading scale, gave everyone in the class an A on the exam. An article in the New York Times about this incident observes: "This is an amazing game theory outcome, and not one that economists would likely predict." Source: Catherine Rampell, "Gaming the System," New York Times, February 14, 2013. Game theory indicates the students' strategy was unlikely to work because

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Answer:

it is extremely difficult to manage to get a group of individuals towards agreeing to participate and not defect from the strategy.

Explanation:

Game theory is a theory that focuses on understanding exactly why an individual makes certain decisions as well as how they affect others. Based on this theory the student's strategy was unlikely to work because it is extremely difficult to manage to get a group of individuals towards agreeing to participate and not defect from the strategy. Since not everyone would believe that it will work and others may just get tired.

Which of the following loans will typically offer the lowest interest rate

Answers

The option (c) is correct.

Mortgage loan offers the lowest interest rate.

Further explanation:

Mortgage loan:

Mortgage loan is a type of loan where the asset is used as a collateraland then the loan is disbursed. Mortgage payment remains constant. The issuer of the loan specifies the amount of the mortgage payment and the time interval of the payment. So the amount of mortgage payment remains same for all the installments. The loan is secured by the asset therefore, there is very low risk as the asset can be used in case of default. The low risk nature of the mortgage loan results in the low-interest rate.

Therefore, mortgage loans have a low rate of interest.

Justification for the correct and incorrect options:

Payday loan: This is an incorrect option.

Payday loan has the highest rate of interest.

Car loan: This is an incorrect option.

Car loan has the higher interest rate than mortgage loan,

Mortgage loan: This is the correct option.

Mortgage loans are guaranteed by assets therefore, has the lowest rate of interest.

Credit card: This is an incorrect option.

Credit card charges a high rate of interest on the amount borrowed.

Learn more:

1. Learn more about the collateral loans

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2. Learn more about loaning the money

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3. Learn more about the mortgage payment

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Answer details

Grade: Senior School

Subject: Business Studies

Chapter: Bonds & Debentures

Keywords: loans, typically, offer, lowest, interest rate, payday loan, car, loan, mortgage, credit card.

Student loans, which are given to those in college by the federal government, are most commonly known as the loans with the small interest rates. These loans are fixed rates and will not increase overtime, they just accumulate monthly untilt he loans are paid off.

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