BUSINESS COLLEGE

Altogether the national, state, and local governments of the United States spend about a __________ of our gross domestic product.

Answers

Answer 1

Answer:

Answer:

According to the OECD the total expenditure of the US government, including state and local is about a 38% of the GDP.

Explanation:

The federal government expends almost the 55% of the total and the remaining 45% the state and local government.

Related Questions

FarCry Industries, a maker of telecommunications equipment, has 6 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10 thousand bonds. If the common shares are selling for $27 per share, the preferred shares are selling for $15 per share, and the bonds are selling for 119 percent of par ($1,000), what weight should you use for debt in the computation of FarCry's WACC?
(b) At the beginning of a recent year, JetBlue's assets were $6,020 million and its equity was $1,266 million. During the year, assets increased by $534 million and liabilities increased by $261 million. What was JetBlue's equity at the end of the year?
For a particular flight from Dulles to SF, an airline uses wide-body jets with a capacity of 440 passengers. It costs the airline $4,000 plus $70 per passenger to operate each flight. Through experience the airline has discovered that if a ticket price is $T, then they can expect (440−0.64T) passengers to book the flight. Determine the ticket price, T, that will maximize the airline's profit.
At the beginning of the period, the Fabricating Department budgeted direct labor of $51,000 and equipment depreciation of $59,000 for 3,400 hours of production. The department actually completed 4,100 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $
Supriya invested $14,320 in a highly rated ETF. At the end of four years, she had $18,434. What was her annual effective yield on this investment

Plemmon Company adds materials at the beginning of the process in the forming department, which is the first of two stages of its production cycle. Information concerning the materials used in the forming department in April follows: Units MaterialsCosts Work in process at April 1 15,000 $ 8,000 Units started during April 60,000 $38,500 Units completed and transferred to next department during April 65,000 Using the average cost method, what is the materials cost of the work in process at April 30?

Answers

Answer:

$6,200

Explanation:

Beginning Work in progress $15,000 $8,000

Units started $60,000 $38,500

Total process $75,000 $46,500

Less: Units transferred to tax $65,000

Ending work in progress $10,000

Average cost method material cost of work in progress = Material cost ÷ Total units

$46,500 ÷ $75,000

= $0.62

Material cost of work in progress = $0.62 × $10,000

= $6,200

Final answer:

In April, Plemmon Company started with $8000 worth of materials and used $38500 over the month. 65,000 units were completed, leaving 10,000 units still in process. The materials cost of these remaining units, calculated using the average cost method, is $6,200.

Explanation:

To find the material cost of work in process at April 30 using the average cost method, we first need to calculate the total cost of material used throughout April, which includes both the cost of materials from initial work in process and the materials started during the month. That gives us the sum of $8,000 and $38,500, amounting to $46,500 in total materials cost. Since 65,000 units were completed and transferred out during April, this means 10,000 units (75,000 units at the start and started during April - 65,000 units completed) remain in work in process at the end of April. Average cost per unit is calculated as total cost divided by total units, giving us $46,500 divided by 75,000 units, which equals $0.62 per unit. The material cost of work in process at April 30 is thus 10,000 units times $0.62, giving a result of $6,200.

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who bears the greatest risk of loss of value if a firm should fail? group of answer choices bondholders common stockholders all of the above bear equal risk of loss. preferred stockholders

Answers

Common stockholders bear the greatest risk of loss of value if a firm should fail.

There are two sorts of shareholders in a company: common shareholders and preferred shareholders. They are the owners of common stocks, as their name implies, in a corporation. These individuals enjoy voting rights over matters concerning the company.

A person who has acquired at least one common share of a corporation is referred to as a common shareholder. Common shareholders have entitled to declared common dividends as well as a vote on corporate matters. In the event of bankruptcy, common shareholders are compensated last, following preferred shareholders and debtholders.

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The Fed buys $20,000 of government securities. The desired reserve ratio is 5 percent and the currency drain is zero. What will be the change in the quantity of money?

Answers

Answer:

The answer is $400,000

Explanation:

Quantity theory of money states that the quantity of money is directly proportional total spending in an economy.

Change in quantity of money = new deposits (which can also be new security) ÷ reserve requirements

The new security is $20,000

reserve requirements is 5 percent

Change in quantity of money is:

$20,000 / 0.05

=$400,000

Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on August 31, its Cash account shows a debit balance of $22,662. Franklin's August bank statement shows $21,837 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit $ 7,350 Outstanding checks $ 5,800 Bank service fees, not yet recorded by company $ 145 The bank collected on a note receivable, not yet recorded by the company $ 870

Answers

Answer:

Adjusted balance = $23,387

Explanation:

Franklin Company

Bank Reconciliation statement

Bank balance as of August 31 $21,837

Add: Deposit in transit $ 7,350

$29,187

Less: Outstanding check $(5,800)

Adjusted cash balance $23,387

Cash balance as of August 31 $22,662

Add: Collection of Note receivable $ 870

$23,532

Less: Bank service charge $( 145)

Adjusted cash balance $23,387

Maria Boyd has been hired by Barnum Hotels to manage staffing for the regional hotel chain. Barnum intends to open two new hotels within the next three years and will have many job positions to fill. Historically, employee turnover is high at Barnum as employees remain with the company for one or two years before quitting. Maria realizes that Barnum needs to make significant changes in its personnel strategy in order to meet the company's goals for the future and improve employee retention rates. All of the following questions are relevant to Mari's decision to fill top positions at the new hotels with internal candidates EXCEPT::_______a. What are the key managerial positions that are available at the new hotels?
b. What percentage of employers in the service industry use succession planning?
c. What skills, education, and training have been provided to potential candidates?
d. What is the designated procedure for assessing and selecting potential candidates?

Answers

All of the following questions are relevant to Mari's decision to fill top positions at the new hotels with internal candidates except What percentage of employers in the service industry use succession planning? Therefore, the correct answer is Option B.

The percentage of employers in the service industry using succession planning is not directly relevant to Maria's decision to fill top positions at the new hotels with internal candidates. Succession planning is a different concept from internal promotions.

Succession planning typically involves identifying and developing potential candidates for higher-level positions within the organization to ensure a smooth transition when key employees retire, leave, or are promoted to other roles. While it can be beneficial for an organization, it is not directly related to the decision of filling top positions at the new hotels with internal candidates.

The other three questions What are the key managerial positions that are available at the new hotels? , What skills, education, and training have been provided to potential candidates? , and What is the designated procedure for assessing and selecting potential candidates? are more prominent to make that decision.

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Answer:

b. What percentage of employers in the service industry use succession planning

Explanation:

GOT IT RIGHT ON TEST 2020

At the beginning of a year, a company predicts total direct materials costs of $1,010,000 and total overhead costs of $1,270,000. If the company uses direct materials costs as its activity base to allocate overhead, what is the predetermined overhead rate it should use during the year?