In a closed economy, public saving is the amount of a. income that households have left after paying for taxes and consumption. b. spending that the government undertakes in excess of the taxes it collects. c. income that businesses have left after paying for the factors of production. d. tax revenue that the government has left after paying for its spending.

Answers

Answer 1

Answer:

Answer:

In a closed economy, public saving is the amount of

d. tax revenue that the government has left after paying for its spending.

Explanation:

Public saving or budget surplus in a closed economy describes the excess of government revenue (obtained through taxation of individuals and businesses in the economy) and government expenditures on goods and services. In an open economy, transfers are deducted before arriving at the public saving. In all economies, the addition of private (individual and business) and public savings result to national investments.

Related Questions

You are ready to buy a house, and you have $20,000 for a down payment and closing costs. Closing costs are estimated to be 4% of the loan value. You have an annual salary of $48000 (monthly income $4000) , and the bank is willing to allow your monthly mortgage payment to be equal to 25% of your monthly income. The interest rate on the loan is 6% per year with monthly compounding (.5% per month) for a 30-year fixed rate loan. How much can you offer for the house
Ernest invents a novel, useful, nonobvious product. He:____.a. must apply for a patent within one year of selling the product commercially. b. may receive patent protection for two years by filing a simpler, shorter, cheaper provisional patent application while he is working on his complex, regular patent application. c. is entitled to a patent over someone else who invents the same product if he is the first to invent it. d. may sell his product for up to five years to see how well it sells before going through the complex process of filing a patent application with the PTO Office.
The Wilson family has a disposable income of $60,000 annually. Currently, the Wilson family spends 80% of new disposable income on consumption. Assume that their marginal propensity to consume is 0.8 and that their autonomous consumption spending is equal to $10,000. What is the amount of the Wilson family's annual consumer spending
Adjusting entries affect at least one balance sheet account and at least one income statement account. For the entries below, identify the account to be debited and the account to be credited. Indicate which of the accounts is the income statement account and which is the balance sheet account. Assume the company records prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. Entry to record service revenues performed but not yet billed (nor recorded). Entry to record janitorial expense incurred but not yet paid. Entry to record rent expense incurred but not yet paid. Entry to record interest expense incurred but not yet paid. Entry to record expiration of prepaid rent.
A company’s past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were: Ch7_Q181 The cash inflow in the month of June is expected to be $282,500. $213,750. $225,000. $270,000.

Corporation needs to raise $70 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $30 per share and the company’s underwriters charge a spread of 8 percent. If the SEC filing fee and associated administrative expenses of the offering are $575,000, how many shares need to be sold? (Do not round intermediate calculations and enter your answer in shares, not millions of shares, rounded to the nearest whole number, e.g., 1,234,567.)

Answers

Answer:

$2536.232

Explanation:

The spread in this case is 30*8% = 2.4

A spread is simply gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity and the net proceeds are the amount of money the seller receives following the sale of an asset after all costs and expenses are deducted from the gross proceeds.

The net proceeds in this case is 30-2.4 =27.6

To get the number of share we can simply divide the funds need by the net proceeds per share = 70000000/27.6 = $2536.232. Therefore the correct answer is $2536.232

The shapes of firms' cost curves are important because:___________a. they tell us whether a firm is profitable or not.
b. they help us determine how much a firm will produce and even how it will produce it.
c. cost curves tell us the profitability of the firm.
d. they help us understand the market that the firm is in.

Answers

Answer:

a. they tell us whether a firm is profitable or not.

Explanation:

The shape of a firms curve tells us if a firm is profitable or not. If the firm is charging a higher price that is greater than its average cost of production for whatever quantity that was produced, we will have it that this firm will earn profits. But when the price that the firm is charging is smaller than its average cost of production, the firm will experience losses.

At the beginning of the period, the Cutting Department budgeted direct labor of $136,000, direct materials of $150,000 and fixed factory overhead of $11,900 for 8,000 hours of production. The department actually completed 10,600 hours of production. The appropriate total budget for the department, assuming it uses flexible budgeting, is Round your final answer to the nearest dollar. Do not round interim calculations.

Answers

Answer:

Total cost under flexible budgeting is $390,850

Explanation:

Calculation of Standard direct labor Cost

Standard Direct labor Cost=Budgeted Labor cost/Budgeted hour of Production

=$136,000 / 8,000

=$17 per hour

Calculation of Standard material Cost

Standard material Cost = Budgeted material Cost /Budgeted hour of Production

=$150,000 / 8,000

=$18.75 per hour

Calculation of Total cost under flexible budgeting

Direct Material Cost = 10,600 * $18.75 = $198,750

Direct Labour Cost= 10,600 * 17 = $180,200

Fixed factory overhead= $11,900

Total budgeted cost $390,850

Which of the following management actions is permissible during a union certification election? Promising benefits to employees if they reject the union Requiring all employees to attend "captive audience" speeches in the company auditorium regarding the union organizing effort Requiring small groups of employees to meet with management in a supervisor’s conference room to discuss the organizing effort Asking employees in advance of the election how they feel about the union

Answers

Answer:

Requiring all employees to attend “captive audience” speeches in the company auditorium regarding the union organizing effort

Explanation:

In simple words, union certification election refers to the electoral process under which the labor force of an organisation chooses its leader for a fixed period of time as determined by the rules. This process is usually seen in large organisations where a thousands of labor workforce is included.

Just like any other process, in these elections also the candidates are supposed to present themselves against the voters and tell them their ideas and the works they are going to perform.

Dr. Osorno was served with a malpractice lawsuit based on allegedly removing the wrong organ. Following discovery, it becomes clear that the plaintiff has no credible evidence against the doctor, and that no reasonable jury could rule in the plaintiff's favor. How should Dr. Osorno's lawyer proceed?a. The lawyer should make a motion for summary judgment.
b. The lawyer should make a motion for additional discovery.
c. The lawyer should make a motion to amend the answer in order to make a motion to dismiss.
d. The lawyer should file a motion for judgment on the pleadings.
e. The lawyer should proceed to trial.

Answers

Answer:

Correct option is A.

The lawyer should make a motion for summary judgement

Explanation:

A movement for rundown judgement is Sled offer the disclosure procedure attesting that no truthful debates exist and that if the appointed authority applied the law to the undisputed realities, her solitary sensible choice would be agreeable to the moving party.

in the event of bankruptcy under the federal bankruptcy laws, debtholders have a prior claim to a firm's income and assets before both common and preferred stockholders. moreover, in a bankruptcy all debtholders are treated equally as a single class of claimants.

Answers

The assertion is untrue. Debt holders have priority over common and preferred shareholders when it comes to a company's earnings and assets.

The creation of a plan under bankruptcy law enables a debtor who is unable to pay his creditors to settle his debts by allocating his assets to them. Additionally, this controlled split enables some degree of equality in the treatment of the interests of all creditors. In some bankruptcy cases, a debtor is permitted to continue operating their business and use the money they make to pay down their obligations. The discharge of certain debtors from their accrued financial responsibilities, following the distribution of their assets and even if their debts have not been fully paid, is another goal of bankruptcy law.

In order to implement the Bankruptcy Code, bankruptcy courts must adhere to Federal Rules of Bankruptcy Procedure.

Know more about bankruptcy law here:

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