Which statement best describes why a government's actions are important in macroeconomics?

Compound growth in an economy can increase people's standard of living for country Z. If the economy for country Z starts with a GDP of 150 and a growth rate of 2% per year, what will its GDP be after 15 years?

Carmichael Company is considering purchasing a piece of equipment for $60,000. It expects the equipment will last 12 years (and will then be worthless) and each year will generate $7,200 net income before taxes. Carmichael's tax rate is 21%.

The real risk-free rate is 2.05%. Inflation is expected to be 3.05% this year, 4.75% next year, and 2.3% thereafter. The maturity risk premium is estimated to be 0.05 (t - 1) %, where t=5 number of years to maturity.

Gerstein Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours.

Which of the following is a likely procedure to test the adequacy of the allowance for doubtful accounts? A. Examine cash receipts received after year-end. B. Confirm receivables. C. Examine dates of purchase orders. D.

Tyler Toys has beginning inventory for the year of $19,600. During the year, Tyler purchases inventory for $233,000 and has cost of goods sold equal to $236,000. Tyler's ending inventory equals: Multiple Choice $19,800. $19,600. $16,600. $22,600.

Larkspur, Inc. was opened on August 1 by Joe Larkspur. The following selected events and transactions occurred during August. Aug. 1 Invested $57,000 cash in the business in exchange for common stock.

Which growth strategy is being used when a firm introduces a new product or service to a market segment that is currently not served by the firm?

Nash's Trading Post, LLC sells merchandise on account for $1200 to Morton Company with credit terms of 2/7, n/30. Morton Company returns $500 of merchandise that was damaged, along with a check to settle the account within the discount period.

Culture goes deeper than observable behavior. It is a society's shared and socially transmitted ideas, values, and perceptions that are used to make sense of experience and generate behavior and are reflected in that behavior. True/False