Suppose the government in this economy decides to increase government purchases by $400 billion. The increase in government purchases will lead to an increase in income, generating an initial change in consumption equal to

Assume the process of obtaining a driver's license is considered too long because of too few people who can administer the final driving test. one way to resolve this problem is to hire more people who can give the driving test, a change in

1. Silver Gym had two different kinds of business under operation. One kind of business was discontinued and sold at a gain. How should this gain be reported? A. As "extraordinary gain." B. As "gain from discontinued operation" C.

Duncan Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $100,000 Allowance for Doubtful Accounts $2,000 Sales Revenue (all on credit) 900,000 Sales Returns and Allowances 50,000 Prepare the journal

7x=70 what is the answer

Positive unplanned inventory investment occurs when actual: a. depreciation is less than expected. b. sales are less than expected. c. depreciation is more than expected. d. sales are higher than expected.

On July 1 of the current year, the assets and liabilities of Wong Industries, are as follows: Cash, $15,000; Accounts Receivable, $12,300; Supplies, $3,100; Land, $35,000; Accounts Payable, $8,700.

Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands) : Sales revenue $ 24,000 Cost of goods sold $ 13,500 Interest revenue 220 Selling and administrative expense 3,100 Interest

A person with a FICO score of 780 applies for a loan and gets an interest rate of 5% with a monthly payment of $439. A second person, with a FICO score of 550 applies for the same loan and gets a rate of 22% with a monthly payment of $511.

Wendy has been in business for four years, all of which have been profitable. She thinks she can successfully sell part of her company. The most important benefit Wendy will gain by a stock offering is

Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,000 shares of GE common stock that Adams had purchased in February for $37,000 as an investment.