"If an economy (gross domestic product) is growing "faster than the growth of national debt held by the public (both domestic and foreign), what will be its impact on the national debt? The debt as a percentage of GDP will increase, and hence the burden of the debt will decrease. The debt as a percentage of GDP will decrease, and hence the burden of the debt will increase. The burden of the debt on the annual budget will become smaller as long as interest rates are low. The burden of the debt on the annual budget will become smaller as long as interest rates are high.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.