Jie purchased a computer priced at $1316.25, financing it by paying $58.39 on the date of purchase, and signing a contract to pay equal monthly payments over the next fifteen months. If the terms of the contract state that interest is calculated at 9.1% compounded monthly, how much does Jie have to pay at the end of each month? Jie must make payments of $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answers

Answer 1

Jie needs to make monthly payments of $101.47 (rounded to the nearest cent) at the end of each month.

To calculate the monthly payment for Jie, use the formula for the monthly payment on an installment loan. The formula is:

\[ P = \frac{r \cdot PV}{1 - (1 + r)^{-n}} \]

Where:

P = Monthly payment

PV = Present value (purchase price minus down payment)

r = Monthly interest rate

n = Number of months

Given:

Purchase price = $1316.25

Down payment = $58.39

Interest rate = 9.1% compounded monthly

Number of months = 15

First, calculate the present value (PV) by subtracting the down payment from the purchase price:

PV = $1316.25 - $58.39 = $1257.86

Next, convert the annual interest rate to a monthly interest rate:

Monthly interest rate = (1 + 9.1%)^(1/12) - 1

Plugging in the values into the formula, calculate the monthly payment (P):

\[ P = \frac{r \cdot PV}{1 - (1 + r)^{-n}} \]

\[ P = \frac{(1 + 9.1%)^(1/12) - 1} {1 - (1 + (1 + 9.1%)^(1/12) - 1)^{-15}} \cdot $1257.86 \]

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Related Questions

Which of the following is recorded in a country's current account? A .The value of goods produced and consumed in the country B .The value of domestic financial assets sold to foreign investors C.The value of foreign bonds purchased by the country's residents D The value of consumer goods produced abroad and purchased by the country's residents E The value of the country's government bonds purchased by the country's central bank

Answers

A country's current account would reflect the value of commodities produced and consumed locally as well as the value of consumer goods produced overseas and bought by citizens. Here options A and D are the correct answer.

The current account is a component of a country's balance of payments, which records all economic transactions between residents of the country and the rest of the world over a specific period. It includes both real and financial transactions. Out of the options provided, the following would be recorded in a country's current account:

A. The country's domestic product and consumer spending: This refers to the exports and imports of goods, including both tangible products and services. The value of goods produced domestically and consumed within the country is included in the current account. Similarly, the value of goods imported from other countries and consumed domestically is also recorded.

D. The cost of imported items that country inhabitants have spent money on: This refers to the imports of consumer goods produced abroad and purchased by the country's residents. When residents of a country purchase goods produced in foreign countries, it is considered an import and would be recorded in the current account.

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Complete each of the following statements with the appropriate word.
a. Inflation or deflation is characterized by an overall rise in prices.
b. Inflation or deflation is characterized by an overall drop in prices.
c. Inflation or deflation has become the norm for economies since WWII.
d. Inflation or deflation leads to a liquidity trap when interest rates approach zero.
e. The short-run Philips shows a tradeoff between unemployment and Inflation or deflation

Answers

a. Inflation is characterized by an overall rise in prices.

b. Deflation is characterized by an overall drop in prices.

c. Inflation has become the norm for economies since WWII.

d. Deflation leads to a liquidity trap when interest rates approach zero.

e. The short-run Philips shows a tradeoff between unemployment and Inflation.

Inflation is the sustained increase in the general price level of goods and services in an economy over a period of time.

Deflation, on the other hand, is the sustained decrease in the general price level of goods and services in an economy over a period of time.

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The CEO of peripheral company QuickDrive uses a leadership style that encourages employees to discuss management issues with the CEO and to work together to resolve those issues in a democratic manner. Which of the following statements would the CEO of QuickDrive most likely make?
A) The key to QuickDrive staying on top in a high-tech industry is not wasting time checking out what other firms do, but to act immediately on my directives.
B) In a high-tech business, it is more important to invest in technology than to invest in people.
C) The key to keeping talented employees loyal to QuickDrive is to use a participative management style and treat them with respect, value their ideas, give them the resources they need, and expect great things from them.
D) Spending a lot of money to buy out competitors for their technology is likely to backfire, because QuickDrive is a leader in technology development.

Answers

Answer:

C) The key to keeping talented employees loyal to QuickDrive is to use a participative management style and treat them with respect, value their ideas, give them the resources they need, and expect great things from them.

Explanation:

As for the statement in the question, we can see that the CEO of QuickDrive believes that the ky to success is to engange employees in an active manner.

Employees, instead of being people who only go to work and perform certain tasks, become collaborative with management, taking up the role of management often.

This lack of rigidity and free flow of ideas from top of the company to botton will likely result in a business enviroment that promotes sense of belonging, and rapid adaptation to change.

What are personal, property, and liability risks? What are examples of personal, property, and liability risk?

Answers

Answer:

Some examples of a personal risk include poor health and old age. Property risk includes having your property damaged by wind, lightning, etc. Liability risk is essentially you being responsible for something that happens that could lead to a lawsuit or anything of that nature.

Explanation:

If an agency's qualifying new business premium is ____ than the set minimum in a given month or quarter in the prior year, that agent's baseline will be increased to the minimum baseline that month or quarter.

Answers

Answer:

lower

Explanation:

If the premium set is below the minimum threshold then agent baseline will be increased. This is because the commission of an agent is based on the percentage of the premium. If the premium amount is lower then the commission will also be lower resulting in the agent baseline to decrease.

Do you spill the tea or can you keep a secret ?

Answers

Answer:

The phrase "spill the tea," used as an encouragement to gossip, has been used in everything from Harlequin romance novels to "RuPaul's Drag Race"; "no tea, no shade" has been featured in explainers on black gay slang; comedian Larry Wilmore used "weak tea" regularly on his 2015-16 Comedy Central show in response to

The expression "Do you spill the tea or can you keep a secret ?" simply means do you gossip or keep secrets

However, the expression " do you spill the tea describe a condition or situation where one gossip about other people's personal matter.

This goes to say that an individual belongs to any of these two categories:

One who shares people's personal issue with others by gossipingOne who has a closes his/her bucal cavity and does not talk any how. That is; someone who keeps secrets well

What is gossiping?

This simply means the act of sharing, talking and repeating rumors and personal stories of people to other people

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In 30 words or fewer, explain why it is important to write your personal information on an application.

Answers

It is important to write your personal information on an application to that they will have the correct information to contact you. It would be a good idea to leave your email or phone number on any application to make things more efficient and easy to reach you.

Kenan Kav and Marry Jonas are discussing the audit program for the revenue account. Kenan and Marry disagree about whether they should use procedure A or B below to test the occurrence assertion for the revenue account:

Select a sample of sales from the sales journal and agree the details in the journal to the sales invoices, delivery slips, and customer orders.
Select a sample of sales invoices, delivery slips, and customer orders and agree the details to the details recorded in the sales journal.

Required
a) Which test provides evidence about the occurrence assertion? Why?
b) Which assertion does the other test provide evidence about?

Answers

a) The test that provides evidence about the occurrence assertion is - Select a sample of sales from the sales journal and agree the details in the journal to the sales invoices, delivery slips, and customer orders.

The test proves whether the sales recorded in the journal are indeed authentic or not. The objective of the audit is to confirm that the sales recorded in the revenue account were indeed genuine sales made to customers in the accounting period. This is why an auditor must perform a test of details of sales transactions. The auditor can accomplish this by selecting a sample of transactions from the sales journal and then validating that the details for that sale were present in the journal.

b) The other test provides evidence about the completeness assertion. The test - Select a sample of sales invoices, delivery slips, and customer orders and agree the details to the details recorded in the sales journal provides evidence about the completeness assertion. It confirms whether sales made to customers in the accounting period were recorded in the sales journal or not. An auditor can use this test to verify that all the sales were recorded in the sales journal. An auditor can accomplish this by selecting a sample of sales invoices, delivery slips, and customer orders, and then comparing the details on those documents to the sales journal.

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Benefits may include things like health insurance, life insurance, retirement funds, equity opportunities (stock in the company), and tuition assistance.

True
False

Answers

Answer:

True

Explanation:

Benefits are things that improve the well-being of employees. They could be in monetary or non-monetary format. The Majority of benefits relate to employees' healths and their life after retirement.

Apart from salaries, employers offer benefits to employees to make the job offer more attractive. Benefits also act as a source of motivation for workers. They are a way of showing that the employer cares for the workers. Benefits improve the employer-employee relationship.

What is the main task of a general-purpose computing system? The main task is to execute programs. There is no main task. It can perform any task prescribed by a program. The main task depends on the system. Different systems may perform a different main task. The main task depends on the user. Different users may need the system to perform a different main task. ↔ plsś answer

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The main task of a general-purpose computing system is to execute programs, providing users with the flexibility to perform a wide range of tasks. While there is no specific main task assigned to these systems, their versatility makes them valuable tools for various applications. Different systems may perform different main tasks, and the user's needs and preferences may also influence the main task performed by the system.

The main task of a general-purpose computing system is to execute programs. This means that the system is designed to carry out instructions provided by software applications. Whether it's a word processor, spreadsheet, or internet browser, the system is built to handle a wide range of tasks. There is no specific main task assigned to a general-purpose computing system because it is designed to perform any task prescribed by a program. This flexibility allows the system to adapt to various requirements and demands, making it useful for a variety of applications. The main task of a general-purpose computing system can vary depending on the specific system being used. Different systems may have different capabilities or limitations, and the main task may be influenced by factors such as hardware specifications and software compatibility. Additionally, the main task of a general-purpose computing system can also depend on the user's needs and preferences. Different users may have different goals and requirements, and the system may need to be customized to meet their specific needs.
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I need help asapppppp!

I need help asapppppp!

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B) Internet bank i think

zhao company has fixed costs of $319,200. its single product sells for $169 per unit, and variable costs are $113 per unit. if the company expects sales of 10,000 units, compute its margin of safety (a) in dollars and (b) as a percent of expected sales.

Answers

The margin of safety is equal to $726,700 and 43% in percentage terms.

What does a margin of safety actually mean?

According to the principle of margin of safety, an investor should only purchase assets when their market price is significantly below their true value. In other words, the difference between the market price of an item and your assessment of its intrinsic value is the margin of safety.

The market price and a stock's intrinsic value are separated by a margin of safety. Added clarification The amount that output or sales can fall before a business reaches its break-even point is referred to as the margin of safety in break-even analysis. It is a notion from the field of accounting.

to calculate the financial and percentage margin of safety for the forecasted sales We must determine the following if the company expects to sell 10,000 units:

Margin of Safety in Dollars = Sold Price x Margin of Safety in Units

retail price = $169

The margin of Safety units = Sales - Breakeven units

sales= 10,000 units

Breakeven point in units = Fixed cost / Contribution margin per unit

Breakeven units= $319,200 / ($169 - $113)

Breakeven units = $319,200 / 56

Breakeven Units = 5,700 units

Margin of Safety (in units) = 10,000 - 5,700 units

The margin of Safety units = 4,300 units

Thus, the Margin of Safety is 4,300 times $169.

Margin of Safety = $726,700

Margin of Safety units/sales = Margin of Safety percentage

safety margin in percent= 4,300 / 10,000

The safety margin is 43%.

$726,700 and 43% respectively make up the margin of safety.

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Ethics Project
Decision 3 Taylor decided to turn in the proposal based on the higher projected IRR due to the cost reclassification. Consequences of Behavioral Action: The project was funded and, when completed, the IRR came in much higher than expected. Taylor was able to reverse the reclassification by reinstating the omitted expenditure back to the project rather than normal operations and still achieve an IRR of 8% on the project. One year later Taylor was promoted to vice president.
Decision 4 Taylor decided to turn in the proposal with a 7.5% IRR and it was not accepted. Taylor was not promoted.

Answers

It is clear from the scenario presented that there were different consequences for each of the decisions made by Taylor. In Decision 3, Taylor made the unethical choice to reclassify costs in order to increase the projected IRR and get the project funded.

However, when the project was completed, the IRR came in much higher than expected, allowing Taylor to reverse the reclassification and still achieve a satisfactory IRR. As a result of this decision, Taylor was promoted to vice president.
In contrast, in Decision 4, Taylor made the ethical choice to turn in the proposal with a lower IRR, which resulted in the proposal not being accepted. As a result of this decision, Taylor was not promoted.
It is important to note that while Taylor was rewarded for his unethical behavior in Decision 3, this does not necessarily mean that unethical behavior is always rewarded. In fact, there are often negative consequences for unethical behavior, including damage to one's reputation, loss of trust from colleagues and superiors, and even legal consequences. Therefore, it is important to always make ethical decisions, even if there may be short-term benefits to unethical behavior.

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Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants:

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There is no chart present.

Colorado use tax, a form of sales tax, is payable on the transfer of furniture, equipment, etc. statute places the obligation to pay this tax by the:____.

Answers

In the case of Colorado use tax, the statute places the obligation to pay this tax on the purchaser or consumer of the goods.

The purchaser is responsible for remitting the use tax directly to the state of Colorado when they acquire tangible personal property, such as furniture or equipment, for use, storage, or consumption in the state. The use tax is a complementary tax to the sales tax and is designed to ensure that taxable goods purchased outside the state but used within Colorado are still subject to taxation.

Since the seller may not be required to collect sales tax on out-of-state transactions, the use tax shifts the responsibility to the purchaser to report and pay the equivalent tax on their own. Therefore, the statute places the obligation to pay the Colorado use tax on the purchaser or consumer of the goods.

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On payday, June received his weekly salary plus 2% of each sale she made during the pay period. Which
of the following is this an example of?
A. Superannuation
B. 401K
C. Gratuity
D. Stock option
E. Commission

Answers

Commission is a form of payment based on a percentage of sales made by an employee. In this case, June received their weekly salary plus an additional 2% of each sale they made during the pay period.

This is an example of a commission-based payment structure. The other options listed (superannuation, 401K, gratuity, and stock option) are different types of compensation or benefits programs that are not based on sales performance.



In this situation, June received her weekly salary plus an additional 2% of each sale she made during the pay period. This is an example of a commission, which is a type of compensation often used in sales roles where employees receive a percentage of their sales revenue in addition to their base salary.

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how has smartphones product changed the way business is conducted? What business innovations have occurred as a result of this product being offered?

Answers

answer amd explanation: i think smartphones are a distraction.

Catalina opens a fashion boutique with the money she inherited from her parents. She is successful in creating a strong brand image and a loyal customer base. In order to meet the increasing demands of her business, she hires a store manager. However, she finds it hard to let the manager make important decisions about the store. She often finds herself disagreeing with the manager's decisions, and in the process, she loses a lot of existing customers. Which of the following causes of small-business failure does this scenario best illustrate?

Answers

As Catalina often finds it hard to let the manager make important decisions about the store and finds herself disagreeing with the manager's decisions, and in the process, then, the causes of small-business failure that this scenario best illustrate is known as inability to cope with growth.

What is meant by small business?

In a business organization, the term "small business" are often used to describe those privately owned corporation, partnership or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.

In an economy, the type of businesses are vital for the syste, because they provide opportunities for entrepreneurs and create meaningful jobs with higher job satisfaction than positions with larger, traditional companies.

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Selected financial data of Target (USA) and Wal-Mart Stores, Inc. (USA) for a recent year are presented below (in millions). Target Corporation Income Statement Wal-Mart Stores, Inc. Data for Year
Net Sales 72596 476294
Cost of goods sold 51160 358069
Selling and administrative expenses 16816 91353
Interest expense 1126 2335
Other income (expense) -391 -410
Income tax expense 1132 8105
Net Income 1971 16022
Statement of Financial Position Data (End of Year) Non-current assets 32980 143566
Current assets 11573 61185
Total assets 44553 204751
Total equity 16231 81339
Non-current liabilities 15545 54067
Current liabilities 12777 69345
Total equity and liabilities 44553 204751
Beginning-of-Year Balances Total assets 48163 203105
Total equity 16558 81738
Current liabilities 14031 71818
Total liabilities 31605 131287
Other Data Average net accounts receivable 2921 6723
Average inventory 8335 44331
Net cash provided by operating activities 6520 23257
1. For each company, compute the following ratios. a. Current ratio b. Accounts receivable turnover c. Average collection period d. Inventory turnover e. Days of inventory f. Profit margin g. Asset turnover h. Return on assets i. Return on ordinary shareholders' equity j. Debt to assets ratio k. Times interest earned 2. Compare the liquidity, profitability, and solvency of the two companies.

Answers

The financial ratios calculated for Target and Wal-Mart show that both companies are in a relatively strong financial position. Target has a higher current ratio, which indicates a better ability to meet short-term obligations. However, Wal-Mart has a higher inventory turnover rate and lower days of inventory, indicating better inventory management.

In terms of profitability, both companies have similar profit margins and asset turnover ratios. Wal-Mart has a higher return on assets and ordinary shareholders' equity, indicating better overall performance. However, Target has a lower debt to assets ratio and higher times interest earned, indicating better solvency and ability to service debt.

Overall, both companies have strengths in different areas, but Wal-Mart seems to have a slightly stronger financial position due to its higher return on assets and ordinary shareholders' equity.

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b) Manuel needs to order fruit and vegetables on a regular basis from his supplier. Consider the advantages and disadvantages of three methods of communication he could use to place orders with his supplier. Recommend the best method for him to use. Justify your answer

Answers

Explanation:

Manuel has several options for communicating with his supplier to place regular orders for fruits and vegetables. Three potential methods include phone calls, emails, and electronic ordering systems (e.g., a dedicated supplier platform, mobile app, or EDI). We will analyze the advantages and disadvantages of each of these methods and recommend the best option for Manuel.

1. Phone calls:

Advantages:

- Direct, real-time communication with the supplier allows for immediate clarification of issues or negotiations.

- Personal interaction may help strengthen the client-supplier relationship.

- Can be executed quickly in urgent or last-minute situations.

Disadvantages:

- No written record of the conversation, potentially leading to misunderstandings or information loss.

- Requires both parties to be available at the same time.

- Longer or more complex orders might be prone to mistakes, as there is no transcript to review.

2. Emails:

Advantages:

- Provides a written record of the order, clarifying expectations and minimizing miscommunication.

- Allows for asynchronous communication, with no need to coordinate schedules.

- Ability to attach documents or images, if necessary.

Disadvantages:

- May lack the personal touch found in phone calls.

- Time-sensitive requests may not receive an immediate response.

- Emails can be lost or delayed due to spam filters, server issues, or full inboxes.

3. Electronic ordering systems (supplier platform, mobile app, EDI):

Advantages:

- Streamlines the ordering process, with consistent formats and fields.

- Real-time updates on inventory, pricing, and delivery schedules.

- Can integrate with other systems such as accounting and inventory management.

- Reduces manual data entry and hence errors.

Disadvantages:

- May require initial investments in technology or training.

- Potential issues with data privacy or platform compatibility.

- If the system crashes or experiences technical issues, orders may be delayed or lost.

Recommendation:

Based on the analysis, the best method for Manuel would be an electronic ordering system. Although it may require some initial investment and training, it provides a streamlined, efficient approach to ordering, reducing the likelihood of errors and offering real-time updates. This method will also save time, as it eliminates the need for coordination and manual data entry. Integration with other systems further supports business operations and decision-making.

While emails may offer a written record of the order, electronic ordering systems provide this advantage without the risk of delays or lost messages. Phone calls, on the other hand, may allow for personal interaction but lack the consistency, documentation, and automation that electronic systems provide. Overall, an electronic ordering system is the most effective and reliable choice for placing regular orders with the supplier.

at the time of partnership termination, partner a is personally insolvent and has a negative capital balance. partners b and c must absorb a's deficit

Answers

At the time of partnership termination, if Partner A is personally insolvent and has a negative capital balance, Partners B and C may be required to absorb Partner A's deficit.

In a partnership, the partners have joint and several liability, meaning that they are collectively and individually responsible for the partnership's debts and obligations. If one partner has a negative capital balance or is insolvent, the remaining partners may need to contribute additional funds or assets to cover the deficit and settle any outstanding liabilities.

The specific arrangements for absorbing Partner A's deficit would depend on the terms outlined in the partnership agreement or applicable laws. Partners B and C may need to allocate the deficit based on their agreed profit-sharing ratios or make additional capital contributions to cover the shortfall. It is essential to consult legal and accounting professionals to determine the appropriate course of action and ensure compliance with relevant regulations and agreements.

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Carefully explain why diversification is so important in managing an investment portfolio and how it relates to systematic and unsystematic risk.

Answers

Diversification is crucial in managing an investment portfolio because it helps to mitigate risk and maximize returns.

By spreading investments across different asset classes, sectors, industries, and geographical regions, investors can reduce their exposure to individual risks and avoid relying too heavily on a single investment. Diversification allows for the potential benefits of minimizing losses from poorly performing assets while benefiting from the gains of others.

Systematic risk, also known as market risk, refers to risks that affect the overall market and cannot be eliminated through diversification. These risks include factors like economic conditions, interest rates, and political events. Unsystematic risk, also known as specific risk, is the risk that can be diversified away by including a variety of investments in a portfolio. Examples of unsystematic risks include company-specific risks, industry-specific risks, or regulatory risks that affect only a particular investment or sector.

Diversification helps in reducing unsystematic risk by spreading investments across different assets, thus reducing the impact of any single investment on the overall portfolio. While diversification cannot eliminate systematic risk, it can help investors manage and balance their exposure to both systematic and unsystematic risks, aiming to achieve a more stable and consistent investment performance.

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the perception that our fate is determined by chance reflects

Answers

The perception that our fate is determined by chance reflects a belief in luck or randomness. It may suggest a belief in external forces or circumstances beyond our control that shape our outcomes.

This perception can be influenced by personal experiences, cultural beliefs, and individual perspectives. It can lead to different attitudes and behaviors, such as relying on luck, superstitions, or feeling a lack of personal agency in shaping one's destiny. Perception refers to the process by which individuals interpret and make sense of sensory information from their environment.

Perception plays a crucial role in how we understand the world around us. It involves the reception of sensory stimuli through our senses, such as sight, hearing, taste, touch, and smell. These stimuli are then processed and organized in our brains to form meaningful perceptions and interpretations of our surroundings.

Our perception can be influenced by various factors, including past experiences, cultural background, personal beliefs, and cognitive processes. It is important to note that perception is subjective, as different individuals may perceive the same stimuli differently based on their unique perspectives and cognitive filters.

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essay about How do more jobs help raise the standard of living.

Answers

Answer:

Having more jobs especially in poorer countries raise the standard of living with money. Poorer people having raises in money means they can have a safe living environment and can pay bills, keeping a strong safe place to stay. This also means you could buy medicine, which could result into natural increase.

Explanation:

​Officer Desai has been called to the scene where a recent model dark blue four-door BMW automobile is sitting on the shoulder of the road, unoccupied, with apparently recent damage to the front bumper of the vehicle and shell casings on the driver's seat. There is nobody around the car. When the officer's sergeant arrives they discuss what to do about the car. If this vehicle matches the description of a vehicle stolen that morning from a bank parking lot, they:

Answers

Answer:

Explanation:

In this type of situation, the Sergeant should report the car as found, then look for any evidence that may be of importance in connecting the dots as to what happened. This evidence may include the shell casings to know what type of gun was fired, or even any documentation or personal belongings left by the individuals who were driving the car. All of this information can be vital to solving what exactly happened.

Suppose you are a Small Business Development Center counselor and you're looking at the personality profiles of five potential entrepreneurs. Based on the profiles, which individual has the most desirable mix of personal characteristics to become a successful entrepreneur

Answers

If you're a counselor at a small business development center, you might be looking at the personality profiles of five potential business owners. Which someone has the ideal combination of personal qualities to succeed as an entrepreneur and visionary? is the question that can be answered based on the profiles.

What does "small business development" mean?

Small Business Development Centers (SBDCs) help entrepreneurs launch, manage, and expand their firms by offering business-related assistance and knowledge.

                           In order to help new firm start-ups and business expansion for small enterprises, the SBA and small business development centers collaborate to design and deliver educational resources. Small firms can also receive counseling and training through Small Business Development Centers.

What does the SBA do?

The U.S. Small Business Administration (SBA) encourages the expansion of American companies and the creation of jobs by providing resources and tools like financial access, opportunities to compete for government contracts, chances to pursue entrepreneurial education, and catastrophe assistance for companies, property owners, and renters.

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Can an offer can be assigned?

Answers

Answer:

yes

Explanation:

А is a measure of change in the prices of goods from one period to
another.

Answers

Answer:

the answer is price index

Answer: price index

Explanation- a measure of change in the prices of goods from one period to another.

SOMEONE PLEASE HELP ASAP!!! ECONOMICS!!! all you have to do is find an article and answer the 4 questions pls someone
Part B Scan reputable news sites for recent articles relating to fiscal policy from within the last six months. For example, you might find
that Congress is currently debating a new spending bill or just agreed to a tax cut. This list of search terms will help your search. Once you
find and read the article, fill in the requested information and respond to the four questions that follow in complete sentences.
Article title/headline:
Source (URL):
Date of publication:
1. Describe the fiscal policy action that is discussed in the article, including its status (such as under debate, approved, or rejected).
2. Would the fiscal policy action discussed in the article promote price stability, full employment, and/or economic growth? Explain.
3. Would the fiscal policy action discussed in the article, if approved, contribute to creation of a budget surplus or a budget deficit?
Would this likely increase, decrease, or not affect the national debt? Explain.
4. Do you approve or disapprove of the fiscal policy action described in the article? Explain your response and identify at least one
tradeoff for your choice.

Answers


Fiscal policy refers to the use of government spending and taxation to influence the economy. Fiscal policy actions can either expand or contract the economy, depending on their purpose. For example, if the government spends more money or cuts taxes, this can stimulate economic growth, but it can also lead to inflation and higher national debt. On the other hand, if the government reduces spending or raises taxes, this can slow down economic growth, but it can also help reduce inflation and national debt.

Based on this understanding, here are some possible answers to the questions:

1. Without a specific article to reference, it is difficult to describe the fiscal policy action discussed or its status.

2. Whether or not a fiscal policy action promotes price stability, full employment, and/or economic growth depends on the specific details of the policy. For example, if the government increases spending on infrastructure projects, this could create jobs and stimulate economic growth. However, if the government simply hands out cash payments to individuals, this may not have as much of an impact on economic growth. Similarly, if the government cuts taxes on businesses, this could promote economic growth by encouraging investment, but it could also lead to higher national debt.

3. Whether a fiscal policy action contributes to a budget surplus or a budget deficit again depends on the specific details of the policy. If the government increases spending or cuts taxes without finding a way to pay for it, this will likely lead to a budget deficit. This would increase the national debt, as the government would need to borrow more money to cover the deficit.

4. Whether someone approves or disapproves of a fiscal policy action depends on their individual values and priorities. For example, someone who values economic growth may approve of a policy that cuts taxes on businesses, while someone who values reducing national debt may disapprove of the same policy. A tradeoff for either choice is that fiscal policy actions often have unintended consequences, and it may be difficult to predict exactly how the economy will respond to a particular policy.

O 01:35:30 "Inventory profits are most likely to occur in an inflationary economy under which of the following memory cent Multiple Choice FIFO Weighted average Lower of cost or mark Specific hem Next

Answers

Inventory profits are most likely to occur in an inflationary economy and the appropriate method is weighted average method.

The following are the four types of accounting methods that are commonly used in inventory valuation:

FIFO - first in first outLIFO - last in first outWeighted AverageSpecific IdentificationIn an inflationary economy, it is the weighted average method that is the most likely method to lead to inventory profits. An inflationary economy refers to a situation where the general price level of goods and services is increasing, which means that it is costing more to produce goods, purchase raw materials, and maintain equipment.It is the weighted average method that results in inventory profits because it calculates the cost of goods sold and ending inventory by averaging the cost of all the goods in the inventory. The cost of goods in inventory is calculated by taking the total cost of all goods in inventory and dividing it by the total number of units in inventory. In an inflationary economy, the cost of goods increases, so when the cost of all the goods in inventory is averaged, it is higher than it would be in a non-inflationary economy. This higher cost results in higher profits for the company. Therefore, weighted average method leads to inventory profits.

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