Use the following information to answer the question: Balance Sheet Smithson Iron, Incorporated (Years ending December 31) 2011 2012 Cash 24,000 22,200 Accounts receivable 40,000 33,000 Inventory 52,200 83,100 Net plant and equipment 285,000 295,000 Total assets 401,200 433,300 Notes payable 16,000 13,000 Accounts payable 49,000 57,000 Accruals 6,000 5,000 Long-term debt 160,000 175,000 Common stock ($2.50 par) 25,000 27,000 Capital surplus 80,000 84,000 Retained earnings 65,200 72,300 Total Liab. & Equity 401,200 433,300Miscellaneous Income Statement Data:a. Sales (2011) = $832,400b. Sales (2012) = $923,400c. Net income (2011) = $42,300d. Net income (2012) = $47,800

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.

Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500