If the economy experiences a recession with a current spending gap $1,000 below full-employment output, and the marginal propensity to consume is 0.8, how much must government increase spending to restore the economy to full-employment GDP?

What would likely have the most severe immediate effect on an economy? Multiple Choice A significant drop in exports. The Fed's infusing reserves into the economy. An aggregate demand shock. A failure of the financial sector.

When O'Rourke Corporation sells treasury stock for more than the original cost, A. stockholders' equity increases. B. retained earnings may increase. C. retained earnings may decrease. D. paid-in capital increases.

A competitive advantage exists when a:a) firm matches a core competency to opportunities it has discovered in the marketplaceb) firm does marketing better than its competitorsc) combination of circumstances and timing allow a firm to reach an

When Sherka, Inc. sells 40,000 units, its total variable cost is $96,000. What is its total variable cost when it sells 45,000 units? A. $84,000 B. $96,000 C. $108,000 D. It cannot be determined from the information given.

Absent an election to close the books, the allocation of nonseparately stated income or loss for an S corporation shareholder that changed his ownership interest during the year is computed based on which of the following ownership percentages? a.

Pepe, Incorporated acquired 60% of Devin Company on January 1, 2017. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years.

Which statement is incorrect? a. Dividends represent a distribution by a corporation to its stockholders. b. Dividends are shown on the income statement. c. Dividends reduce stockholders' equity, thus the Dividends account increases on the left side.

Which of the following could result in the termination and liquidation of a partnership?1) Partners are incompatible and choose to cease operations. 2) There are excessive losses that are expected to continue. 3) Retirement of a partner. A. 1 onlyB.

If an employer agrees to give you constructive criticism of your interview performance, you need to listen carefully and take notes. true or false

If Whole Foods Market leaders were to engage in a SWOT analysis, they might study which of the following factors as part of the organization's external environment? a. Demographic and population changes within society b. The organizational culture c.