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FrozenT [24]
2 years ago
5

William McChesney Martin, who served as Chairman of the Federal Reserve in the 1950s and 1960s, is famous for saying that centra

l banks should "take away the punch bowl just as the party is heating up".
What does this saying mean? Why wouldn't we want the "party" to get too exciting? What are the potential impacts of adding too much fuel to the economy?
Business
1 answer:
laiz [17]2 years ago
3 0

Answer:

PART A

The saying means that it should remove the economic incentives when it has reached its peak in order to prevent it from impacting negatively on the economy.

PART B

(1) It can lead to Inflation.

(2) it can lead to reduced Productivity within the economy.

Explanation:Central banks all over the world are known to put incentives and Stimulus factors in place in order to help improve, resuscitate or sustain the economy in terms of crisis, but the impacts of the Incentives or Stimulus programs of the central banks can lead to certain negative consequences if not effectively monitored or removed when necessary.

SOME OF THE NEGATIVE CONSEQUENCES WHICH CAN ARISE IF THE INCENTIVES OR STIMULUS PROGRAMS USED TO SUSTAIN THE ECONOMY ARE NIT REMOVED EXAMPLES INCLUDE IT CAN LEAD TO INFLATION,IT CAN LEAD TO REDUCTION IN THE OVERALL PRODUCTIVITY WITHIN THE ECONOMY ETC.

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Skysong, Inc. sells office equipment on July 31, 2022, for $17,400 cash. The office equipment originally cost $72,400 and as of
ch4aika [34]

Answer:

(a) update depreciation to July 31, 2022

Debit : Depreciation expense  $5,250

Credit : Accumulated depreciation $5,250

(b) record the sale of the equipment.

Debit : Accumulated depreciation $47,550

Debit : Cash $17,400

Debit : Profit and Loss $7,450

Credit : Cost $72,400

Explanation:

Accumulated Depreciation is the total depreciation charged on the asset during its tie in use in the business Accumulated depreciation is $47,550 ($42,300 + $5,250 ).

The Sale has resulted in a loss of $7,450 ($72,400 - $17400 - $47,550)

7 0
1 year ago
What information appears on a designer worksheet? A. designer portfolio, previous work, and sample designs B. details of the com
s2008m [1.1K]

Answer:

The correct answer is A

Explanation:

Designer worksheet is the one such document which states the work or the potential in the designer or the person. It is that document which contains or comprise of the portfolio of the designer, having or shown the previous work which is done by the designer or the person in his or her last company and the few or some of the sample designs which provide an idea to other person regarding the potential or taste of the designer.

7 0
2 years ago
Barrington Bears has developed the following sales forecasts for the next few months. January 500, February 600, March 720, Apri
Oduvanchick [21]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Barrington Bears has developed the following sales forecasts for January 500 units.

BB has 80 bears on hand on Dec. 31. The normal ending inventory policy is to hold 20% of next month’s sales.

Direct labor is paid $18 per hour. Each bear takes 40 minutes to hand-finish. Variable overheads total $21 per direct labor hour. Fixed overheads amount to $25,000 per month.

First, we need to calculate the production for January.

Sales= 500 units

Ending inventory= (600*0.2)= 120 units

Beginning inventory= 80 (-)

Total= 540 units

Conversion costs= direct labor + manufacturing overhead

Direct labor= [(40/60)*540]*$18= $6,480

Variable overhead= 21*360 hours= $7,560

Fixed overhead= $25,000

Total conversion costs= $39,040

5 0
2 years ago
Pablo Management has nine part-time employees, each of whom earns $145 per day. They are normally paid on Fridays for work compl
Pie

Answer:

Adjusting & Accrued Wages Adjusted Payment:

To record the outstanding payment of wages for 1 day following journal entry has been passed. The salaries cost account has been charged by an amount of  (9 workers × $145) $1,305 and the account of wages payable has been credited with the same amount to adjust the journal entry as shown below:

Date: 31 Dec

Debt: Wage expense = $1,305

Credit: Wage Payable = $1,305

Accrued Wages of one day is recorded.

5 0
2 years ago
Read 2 more answers
Pam, a human resources manager, is frustrated that the company's slow computer network seems to be hurting overall productivity
anyanavicka [17]

Answer:

c. Horizontal

Explanation:

Communication is the transfer of information and knowledge from one person, entity or group to another involving a sender, a message and a recipient. Communication can take the form of verbal, non-verbal and written and it can be over many modes such as face-to-face, telephone call, fax or email.

In a business organization, communication can occur between different departments and employees at different levels of the organizational chart. This can derive the four types of communication in the question.

A. Downward communication occurs when a top level manager communicates with someone lower down the chart but in the same department. For example, the finance manager may explain to their accountants regarding changes in tax policies.

B. Diagonal communication is when two people on different levels and from different departments communicate. For example, the HR manager may talk to a marketing employee regarding sexual harassment in the workplace.

C. Horizontal communication is the case where two employees on the same level of the organizational chart communicate but are from different departments. As in this case, where the HR manager and digital technology manager are both managers but from different departments.

D. Upward communication occurs when a low-level employee communicates with a superior who is existing in the same department. For example, production workers may consult their supervisor about certain bottlenecks in production.

5 0
2 years ago
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