Business, 19.01.2021 18:50, connorvoss5805
Suppose that Congress is considering an investment tax credit, which subsidizes domestic investment. Which of the following accurately describes the effect of an investment tax credit?
1. Real interest rate increases
2. Net capital outflow decreases
3. Exchange rate decreases
4. Trade balance increases
5. National saving increases
6. Domestic investment decreases
As a result of the investment tax credit, domestic goods will become (more or less) expensive for foreigners to purchase.
Answers: 3
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Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
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Business, 22.06.2019 13:50, tinasidell1972
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Suppose that Congress is considering an investment tax credit, which subsidizes domestic investment....
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