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leva [86]
2 years ago
14

The president of the island nation of Winstone refuses to raise taxes, but wants to expand many government services and increase

the size of Winstone's armed forces. He plans to pay for all of the desired expenditures by printing more money. If the president carries out his plan by rapidly increasing the supply of money, Winstone will likely experience:__________.
Business
1 answer:
olga nikolaevna [1]2 years ago
4 0

Answer:

An increase in the rate of inflation.

Explanation:

Inflation is a quantitative tool to measure the rise in the price of goods and services dues to an increase in production cost as there is a higher increase in the supply of money in the market. Higher supply of money leads the consumer to pay more price for goods and services.

In the given case, The president of the Island nation refuses to increase taxes, however, he wants to expand many government services and the size of armed forces. The president plans to pay for all of the desired expenditures by printing more money. By printing more money, there will be an increase in the supply of money, which is likely to increase the rate of inflation.

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Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet each day but makes bank deposits o
igomit [66]

Answer:

Explanation:

Balance as per cash book =                             6,650

Deduct uncleared check            (450)

Check 323                                      (650)

Rent                                                 ( 1200)

Interest                                              165

Titanic payment not captured        5,500

Service fee                                        (100)

Total adjustment                                                      3,265

Adjusted balance                                                     9,915

Balance as per bank statement                               10,665

Cash receipt                                     1250

Check 325                                        ( 450)

Check 327                                         (1550)    

Total adjustment                                                       (750)

Adjusted balance                                                       9,915

b)

Cash adjustment

Uncleared customer check

Debit customer = 450

Credit Cash   = 450

Advertising

Debit Advertising     650

Credit Cash               650

Rent

Debit rent                   1200

Credit Cash                1200

Interest

Debit cash                                   165

Credit interest expenses             165

Payment from Titanic

Debit cash                     5,500

Credit Oscar                  5300

Credit  Interest  exp.       200

Service fee

Credit cash                    100

Debit service charges   100

4 0
2 years ago
Frederick W. Taylor is speaking to a friend about scientific management. Which of the following statements might Frederick say?
zvonat [6]

Answer:

(A) The best way to increase your workers' productivity is to study their movements carefully. Figure out the fastest way to get the job done correctly, and then train all of the employees to do it the same way.

(B) Are you promoting people just because you like them? Try having managers make promotion decisions solely on the basis of a person's technical ability to do the work.

Explanation:

<em>Scientific Management theory</em> laid out by <em>Frederick W. Taylor</em> focuses on <em>effective (best) and efficient (less costly)</em> way of getting the work done.

(1) Statement A focuses on <em>motion and time studies</em> respectively.

In <em>motion studies</em>, we are concerned with elimination of unnecessary movements and activities required to perform a job. For eg, in order to manufacture 100 packets of biscuits, 5 processes are required but the processes currently used are 10, so 5 processes must be eliminated in order to save time and costs.

<em>Time studies</em> implies setting up time for performing a particular work activity. The time must be same for all the workers and could be based on the past factory time data of the activity. For eg, an average time per worker can be calculated for the activity taking into consideration the total time spent by total no. of workers on a particular work activity.

(2) Statement B focuses on promoting the persons based on their technical ability to do the work.

<em>Differential piece wage system</em> of F.W. Taylor applies perfectly to this statement. It prescribes paying workers as per the work done by them. For eg, a worker producing 15 units of a good per day would be paid $ 12 a unit, let's suppose and the worker producing less than that would be paid $ 10 a unit. So, the workers producing 15 and more units of a good, have higher technical ability with respect to the production of that good and hence, higher pay. The workers producing less than 15 units have lower technical ability and hence lower pay.

(3) Statement 3 relates to the administrative principle of "Unity of Command" laid out by Henry Fayol and hence, is not the solution statement.  

4 0
2 years ago
Genna Raiter, the president and CEO of Car Keepers Garage, has asked several of her managers and employees to help establish a s
Nonamiya [84]

Answer:

The options for this question are the following:

A. payoff matrix.

B. mission statement.

C. tactical plan.

D. organization chart.

The correct answer is B. Mission statement.

Explanation:

A good mission statement is a useful tool for well-managed businesses. It is the "why" of business strategy.

A mission statement defines the objectives of what a company does by:

Your clients

The employees

Their owners

Some of the best mission statements also extend to include the fourth and fifth dimensions: what the company does for its community and for the world.

In terms of marketing, a mission statement is a brief paragraph that describes what your business does and why it exists. If that sounds like useless marketing that could be labeled as a long list of the most important things to do, you're not alone.

The reality is that many mission statements are ineffective. Usually, they are the ones written in minutes with very little thought from their creators.

7 0
2 years ago
A private pilot wishes to insure his airplane for$200,000. The insurance company estimates that a total loss will occur with pro
Finger [1]

Answer:

The answer is: $6,900

Explanation:

To determine how much the insurance company should charge, we must first calculate the amount of money they expect to pay:

  • total loss $200,000 x 0.002 = $400
  • 50% loss $100,000 x 0.01     = $1,000
  • 25% loss $50,000 x 0.1         = $5,000

                                                 Total  $6,400

If the insurance company expects to pay $6,400 per year, they will have to charge $6,900 ($6,400 + $500) to cover their expenses and earn a $500 profit.

4 0
2 years ago
Mojo Mining has a bond outstanding that sells for $2,120 and matures in 18 years. The bond pays semiannual coupons and has a cou
Eddi Din [679]

Answer:

D. 3.66%

Explanation:

For computing the after tax cost of debt we need to apply the RATE formula i.e to be shown in the attachment

Given that,  

Present value = $2,120

Future value or Face value = $2,000

PMT = $2,000 × 6.6% ÷ 2 = $66.60

NPER = 18 years × 2 = 36 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 3.05% × 2 % = 6.10%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 6.10% × ( 1 - 0.40)

= 3.66%

4 0
2 years ago
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