Question 6
For the year just ended, James' Drafting Supplies had average accounts receivable of $880,000 from total credit sales of $4,800,000 for the year. Throughout the year, a factor purchased accounts receivable from the firm at a 2 percent discount. What was the firm's accounts receivable period?
Question 7
When the Federal Reserve lowers the federal funds rate, aggregate demand ____ and the growth rate of real GDP ____.
Question 8
Changes in the size of the federal deficit or surplus are often used to gauge whether fiscal policy is adding additional demand stimulus or imposing additional demand restraint. If we've noticed recently that the federal budget is shifting toward a deficit, we can conclude:
Question 9
An upward-sloping short-run marginal cost curve shows that:
Question 10
A project may have multiple IRRs because