The economy of Euphoria has the following economic data.
|
Year |
2016 |
2017 |
2018 |
|
Nominal Gross Domestic Product ($ billions) |
1,625 |
1,675 |
1,697.50 |
|
Real Gross Domestic Product ($ billions) 2015 = 1,568.5 |
1,625 |
1,649.75 |
1,702.50 |
|
GDP deflator |
100 |
101.53 |
99.71 |
|
% change in real Consumption spending |
3 |
1.75 |
2.8 |
|
% change in real Investment spending |
2 |
-10 |
5 |
|
Net exports ($ billions) |
-3,000 |
-6,000 |
-12,000 |
|
Unemployment rate (%) |
5.3 |
5.8 |
5.2 |
|
Natural rate of unemployment |
4.8 |
4.8 |
4.8 |
|
Index of production costs (2015 = 100) |
104 |
105 |
104 |
|
Productivity index (2015 = 100) |
101 |
103 |
106 |
|
Export price index (2015 = 100) |
104 |
101 |
96 |
|
Import price index (2015 = 100) |
106 |
108 |
104 |
Examine the data relating to the economy of Euphoria above and answer the following questions.
Q1. What phase of the business cycle was the economy in 2018? Briefly give two reasons for your answer.
Q2. What was the likely cause of the change in the unemployment rate in 2018? What type of unemployment is likely to exist in Euphoria in 2018? Explain your answer.
Q3. Identify and explain the likely cause of inflation / deflation in 2018?
Include in your answer the contribution that export and import prices made to inflation / deflation in 2018.
In: Economics
1. , during the
economic downturn of 2008-2009, the Federal Reserve
A. explicitly set its target rate of inflation at zero.
B. explicitly set its target rate of inflation well above
zero.
C. took the unusual step of using open-market operations to
purchase mortgages and corporate debt.
D. used open-market operations to purchase mortgages and corporate
debt, just as it frequently does even when the economy is
functioning normally.
E. reduced taxes to stimulate business and consumer spending.
2. which of the following statements is (are) correct?
A. Fiscal policy refers to changes in aggregate demand caused by
changes in government spending or taxes
B. An example of fiscal policy is an act of Congress that raises
the minimum wage.
C. A purchase of bonds by the Fed is an example of an expansionary
fiscal policy because it is an increase in government purchases of
goods and services.
D. All of the above are correct.
E. A and B, only
Which of the following
statements is (are) correct?
(x) If households view a tax cut as being temporary, the tax cut
has more of an effect on aggregate demand than if households view
it as permanent.
(y) A decrease in taxes is an example of an expansionary fiscal
policy and that policy will probably cause the aggregate demand
curve to shift to the right.
(z) An increase in government purchases coupled with a decrease in
taxes is an expansionary fiscal policy that will increase the
budget deficit.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only.
E. (x) only
In: Economics
A project has the following projected financial data for its first year of operation. ITEM AMOUNT Sales $500,000 Cost of Goods $200,000 Other expenses $100,000 Depreciation $50,000 Investment in NWC $20,000 Investment in Gross PPE $0 Interest Expense $40,000 If the tax rate for the firm is 30%, what is the project cash flow for the first year based on this information? Question 10 options: $75,000 $107,000 $135,000 $155,000 $205,000
In: Finance
Suppose you were given an opportunity to own a business of your choosing. First, briefly describe your business; then explain the most efficient way to raise capital to either start or expand your business. Provide support for your response.
Please Note- You just need to choose one way, and explain why the option selected is most efficient. Also, state whether capital is for starting or expanding the business.
In: Finance
Equipment that is purchased for $12,000 now is expected to be sold after ten years for $2,000. The estimated maintenance is $1,000 for the first year, but it is expected to increase $200 each year thereafter. The effective annual interest rate is 10%.
6. The present worth is most nearly:
(A) $16,000 (B) $17,000 (C) $21,000 (D) $22,000
7. The annual cost is most nearly: (A) $1,100
(B) $2,200 (C) $3,600 (D) $3,700
In: Finance
In: Computer Science
Java
Starter Code:
|
import java.util.Scanner; Sample Output: Team Scores by quarter: Team 2 has won the game! |
In: Computer Science
The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows:
|
Date |
Transaction |
Number of Units |
Per Unit |
Total |
|
| Jan. | 1 | Inventory | 2,600 | $58.00 | $150,800 |
| 10 | Purchase | 7,200 | 66.00 | 475,200 | |
| 28 | Sale | 3,950 | 116.00 | 458,200 | |
| 30 | Sale | 1,300 | 116.00 | 150,800 | |
| Feb. | 5 | Sale | 500 | 116.00 | 58,000 |
| 10 | Purchase | 17,500 | 68.00 | 1,190,000 | |
| 16 | Sale | 9,200 | 121.00 | 1,113,200 | |
| 28 | Sale | 8,000 | 121.00 | 968,000 | |
| Mar. | 5 | Purchase | 14,400 | 69.60 | 1,002,240 |
| 14 | Sale | 10,100 | 121.00 | 1,222,100 | |
| 25 | Purchase | 3,300 | 70.00 | 231,000 | |
| 30 | Sale | 7,900 | 121.00 | 955,900 | |
| Instructions | |
| 1. | Record the inventory, purchases, and cost of goods sold data in
a perpetual inventory record similar to the one illustrated in
Exhibit 3 , using the first-in, first-out method. |
| 2. | Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account and date your journal entry March 31. Refer to the Chart of Accounts for exact wording of account titles. |
| 3. | Determine the gross profit from sales for the period. |
| 4. | Determine the ending inventory cost as of March 31. |
| 5. |
Based upon the preceding data, would you expect the ending inventory using the last-in, first-out method to be higher or lower? |
| CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Midnight Supplies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in
Exhibit 3
, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.
| Date | Purchases | Cost of Goods Sold | Inventory | ||||||
| Date | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost |
| Jan. 1 | |||||||||
| 10 | |||||||||
| 10 | |||||||||
| 28 | |||||||||
| 28 | |||||||||
| 30 | |||||||||
| Feb. 5 | |||||||||
| 10 | |||||||||
| 10 | |||||||||
| 16 | |||||||||
| 16 | |||||||||
| 28 | |||||||||
| Mar. 5 | |||||||||
| 5 | |||||||||
| 14 | |||||||||
| 14 | |||||||||
| 25 | |||||||||
| 25 | |||||||||
| 30 | |||||||||
| 30 | |||||||||
| 31 | Balances | ||||||||
2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account and date your journal entry March 31. Refer to the Chart of Accounts for exact wording of account titles.
Question not attempted.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
Score: 0/51
| DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
|---|---|---|---|---|---|---|---|---|
|
1 |
||||||||
|
2 |
||||||||
|
3 |
||||||||
|
4 |
3. Determine the gross profit from sales for the period.
In: Accounting
Which of the following best indicates the components of a vector that measures 30 m at 135°?
a)<21, 21> m
b)<-21, 21> m
c)<21, -21> m
d)<-21, -21> m
A student runs off of a diving platform with a speed of 2.5 m/s and hits the water 0.8 seconds later. What is the height of the platform?
|
5.1 m |
|
|
0.9 m |
|
|
3.1 m |
|
|
6.2 m |
Vector A has components A = <-2, 5> m/s and vector B has components B = <6, -2> m/s. What is the magnitude of vector C if C = A + B?
|
25 m/s |
|
|
5 m/s |
|
|
11 m/s |
|
|
7 m/s |
A student fires a bullet horizontally from a gun. Which statement is most accurate?
|
The bullet will start to fall as soon as it leaves the gun. |
|
|
The bullet will move horizontally for some time before it starts to fall. |
|
|
The bullet will travel horizontally without falling. |
|
|
The question does not provide enough information. |
Which of the following is an example of a vector measurement?
|
Speed |
|
|
Distance |
|
|
Mass |
|
|
Acceleration |
|
|
More than one of the above |
A person driving through a field has velocity components that are 30 m/s west and 20 m/s south. What is the approximate direction of the overall velocity?
|
48° |
|
|
214° |
|
|
34° |
|
|
-34° |
A student kicks a ball that is initially at rest on the ground. The ball leaves the student's foot with some velocity v at an angle θ. When the ball is at its maximum height, which statement is most accurate?
|
At the maximum height, the velocity of the ball is zero. |
|
|
At the maximum height, the acceleration of the ball is zero. |
|
|
Both of the above are true. |
|
|
None of the above are true. |
In: Physics
In: Accounting