In looking at Real World Fiscal Policy, one might want to
consider the timing, or lag, or speed at which a policy can go into
effect. How do the Tax cuts of 2001,2003, and the 2020 policies
stack up when looking at timing issues?
What is meant by the "business cycle"? What are the four stages of this cycle? What is the Trend? Show a diagram. Based on the stages of a business cycle, what is meant by "pro-cyclical"? What is meant by "counter-cyclical"? Suppose that a business cycle trend line begins with real GDP at $5255 and ends with real GDP at $7357 over 4 years. What is the average annual real rate of growth? Show your calculations. Suppose that a business cycle trend line begins...
Given what you know about Life Cycle Assessment, discuss four
factors for each project that might influence a company’s decision
to invest in either.
Project 1: Library Lighting
Project 2: Parking lot PV, solar panels
The following accounts and normal balances existed at year-end.
Make the four journal entries required to close the books:
Retained Earnings $22000
Dividends $6000
Fees Earned Revenue $90000
Selling expense $45000
Administrative expenses $16000
Miscellaneous expense $2300
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each of
the four following case situations:
Complete this question by entering your answers in the
tabs below.
Required A
Required B
Assume that only one product is being sold in each of the four
following case situations:
Case #1
Case #2
Case #3
Case #4
Unit sold
8,800
19,100
4,900...
Identify the four categories of quality costs. In addition,
identify one cost that might be classified in each of the
categories for a manufacturer.
1).
2).
3).
4).
2. Identify the four primary responsibilities of managers. In
addition, give one example of each.
1)
2)
3)
4)
3. What are considered Prime cost?
4. What are considered conversion costs?
Part 1
Required Each of the following independent events requires a
year-end adjusting entry. Show how each event and its related
adjusting entry affect the accounting equation. Assume a December
31 closing date. The first event is recorded as an example. (Do not
round intermediate calculations. Enter any decreases to account
balances with a minus sign. Not all cells require input.)
Paid $4,800 cash in advance on October 1 for a one-year
insurance policy.
Received a $3,600 cash advance for...