An example of contractionary fiscal policy is: a. an increase in government expenditures, or an increase in taxes, or both.
b. a decrease in government expenditures, or a decrease in taxes,
c. or both. an increase in government expenditures, or a decrease in taxes, or both.
d. a decrease in government expenditures, or an increase in taxes, or both.
e. increasing government expenditures while holding taxes constant.

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Answer 1

Answer:

Final answer:

An example of contractionary fiscal policy is: d. a decrease in government expenditures, or an increase in taxes, or both.

Explanation:

Contractionary fiscal policy aims to reduce aggregate demand in an economy, which is to typically to combat inflation or cool down an overheating economy. It can be achieved through various means, including reducing government expenditures and increasing taxes.

Both actions decrease the overall amount of money circulating in the economy, which can lead to reduced consumer spending and business investment, helping to bring down inflationary pressures. Thus, generally combining a decrease in government expenditures with an increase in taxes can be an even more potent form of contractionary fiscal policy, as it addresses both the particular sides of the fiscal equation.

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From Jan. 1, 1960 to Jan. 1, 1985, the historical average annual rate of return in the hypothetical country of Westeros was 12%. The annual standard deviation of the rate of return is 10%. What is the upper bound of the 95.4% confidence interval for the annual rate of return based on this information?a. 16%. b. 10%. c. 12%. d. 14%. e. 8%.
Which of the following is the location where notes can be added?
Activities of a central motor pool that provides and services vehicles for the use of municipal employees on official business should be accounted for in a. General Fund. b. Enterprise Fund. c. Internal Service Fund. d. Special Revenue Fund.
The following information relates to year-end adjusting entries as of December 31, 2021. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $6,660. Six months’ of the one-year insurance policy purchased on July 1 has expired. Four months of the one-year rental agreement purchased on September 1 has expired. Of the $1,000 of office supplies purchased on July 4, $300 remains. Interest expense on the $44,000 loan obtained from the city council on August 1 should be recorded. Of the $2,100 of racing supplies purchased on December 12, $110 remains. Suzie calculates that the company owes $13,900 in income taxes.

Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is:

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Answer and Explanation:

The journal entry is shown below:

Purchases $6,000

To Account payable $6,000

(Being purchases on the account is recorded)

Here we debited the purchase as it increase the inventory while on the other hand the account payable is credited as it also increased the liability

So the above entry should be recorded

At a sales volume of 38,500 units, Choice Corporation's sales commissions (a cost that is variable with respect to sales volume) total $646,800.

Answers

Answer:

$688,800

Explanation:

Calculation for the what should be the total sales commissions at a sales volume of 41,000 units

First step

Using this formula for Sales commission per unit

Sales commission per unit = Total sales commissions ÷ Unit sales

Let plug in the formula

Sales commission per unit= $646,800 ÷ 38,500 = $16.80

Second step is to calculate for the Total Sales commission by using this formula

Total sales commission = Sales commission per unit × Unit sales

Total sales commission= $61.80 × 41,000

Total sales commission =$688,800

Therefore the Total sales commission will e $688,800

On March 1, 2020, Parnevik Company sold goods to Goosen Inc. for $660,000 in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937 (an inputed rate of 10%). The goods have an inventory cost on Parnevik's books of $400,000. Required:
Prepare the journal entries for Parnevik on (a) March 1, 2020, and (b) December 31, 2020.

Answers

Answer:

Parnevik Company

Journal Entries:

(a) March 1, 2020

Debit Notes Receivable (Goosen Inc.) $660,000

Credit Sales Revenue $660,000

To record the sale of goods in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937.

Debit Cost of Goods Sold $400,000

Credit Inventory $400,000

To record the cost of goods sold.

(b) December 31, 2020:

Debit Interest Receivable (Goosen Inc.) $55,000

Credit Interest Revenue $55,000

To record the interest receivable for 10 months on the note.

Explanation:

The sale of goods will be recorded net of the interest. Interest Receivable from Goosen Inc. will be accumulated until when it is settled by Goosen Inc. at the end of the note's 5-year life. By that time, the interest must have accumulated to $402,937 compounded yearly.

The demand for books is: The supply of books is: 9) Refer to Scenario 2.1. What is the equilibrium price of books? 9) A) 20 B) 15 C)5 D) 10 E) none of the above A-2 10) Refer to Scenario 2.1. What is the equilibrium quantity of books sold? 10) А)75 B) 100 C) 50 D) 25 E) none of the above

Answers

Answer:

Equilibrium Price (Ep) = 20

Equilibrium quantity (Eq) = 100

Explanation:

Missing information

Qs = 5P

Qd = 120 - P

The equilibrium is where quantity supplied matches quantity demanded.

Qs= Qd

5P = 120 - P

5p + P = 120

6P = 120

P = 20

Then we solve for quantity:

Notice, we should get the same answer in both equation, else is wrong.

Qs = 5 x P = 5 x 20 = 100

Qd = 120 - P = 120 - 20 = 100

They match so our answer are correct.

Ie get different value, first; we check the math and if keeping getting different values we should redo the calculation for price.

El Tapatio purchased restaurant furniture on September 1, 2018, for $31,000. Residual value at the end of an estimated 10-year service life is expected to be $4,600. Calculate depreciation expense for 2018 and 2019, using the straight-line method, and assuming a December 31 year-end.

Answers

Answer:

Depreciation expense for 2018 was $880

Depreciation expense for 2019 was $2,640

Explanation:

The company uses straight-line depreciation method, Depreciation Expense each year is calculated by following formula:

Annual Depreciation Expense = (Cost of furniture − Residual Value )/Useful Life = ($31,000-$4,600)/10 = $2,640

Depreciation Expense per month = $2,640/12 = $220

Depreciation Expense for 2018 (from September 1, 2018 to December 31, 2018) = $220 x 4 = $880

Depreciation Expense for 2019 = $2,640

SUID or SGID special permissions are represented with this letter in the user or group owner's execute position.s

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SUID or SGID special permissions are represented with this letter in the user or group owner's execute position is S

What is SUID and SGID?

SUID: It is special file permission for executable files. This enables other users to run the file with the effective permissions of the file owner. But Instead of normal x which represents executable permissions. We will see s(this indicates SUID) special permission for the user.

SGID: This is also special file permission for executable files that enables other users to inherit the effective GID(Group Identifier) of a group owner. Here rather than x which represents executable permissions, we will see s(which indicates SGID) special permission for group users

Learn more about SUID and SGID refer:

https://www.geeksforgeeks.org/finding-files-with-suid-and-sgid-permissions-in-linux/

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