Refer to the financial statements of The Home Depot in Appendix. A. (Note: Fiscal 2019 for The Home Depot runs from February 4. 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019 ′
is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements) 1. How much inventory does the company hold on February 2, 2020? Does this represent an increase or decrease in comparison to the priot year? $13,925 (in millions), which is an increase $13,925 (in millions), which is a decrease $14,531 (in millions), which is a decrease 514,531 (in millions), which is an increase 2. What methodis) does the company use to determine the cost of its inventory? Where is this information reported? FIFO, Note 1 Lifo: Note 1 2. What method(s) does the company use to determine the cost of its inventory? Where is this information reported? FIFO; Note 1 LIFO: Note 1 Specific Identification; Management's Discussion and Analysis Weighted average cost, the Balance Sheet 3. Compute to one decimal place the company's inventory turnover ratio and days to sell for the year ended February 2.2020. (Us. 365 days in a year.) 7.8 and 46.8 5.0 and 730 7.5 and 487 51 and 716

Answers

Answer 1

The company's inventory turnover ratio is 7.8 and the days to sell is 46.8 for the year ended February 2, 2020.

1. How much inventory does the company hold on February 2, 2020? Does this represent an increase or decrease in comparison to the prior year?The Home Depot held $13,925 (in millions) worth of inventory on February 2, 2020. This represents an increase in comparison to the prior year when they held $13,534 (in millions).2. What method(s) does the company use to determine the cost of its inventory? Where is this information reported?The Home Depot uses the FIFO (First In, First Out) method to determine the cost of its inventory. This information is reported in Note 1 of the financial statements.3. Compute to one decimal place the company's inventory turnover ratio and days to sell for the year ended February 2, 2020. (Us. 365 days in a year.)Inventory turnover ratio = Cost of goods sold / Average inventory = $104,156 / (($13,534 + $13,925)/2)) = 7.8Days to sell = 365 / Inventory turnover ratio = 365 / 7.8 = 46.8

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Related Questions

S.
Economics
Explain the term "Budget"

Answers

Budget means basically like you have a only a certain amount of money you can use, for example. “I have a 50$ budget” this means that I can only spend up to 50$ on that certain thing.

Assume that you are recently appointed as HR manager at one of
the leading Supermarket in
Muscat. Your immediately duty is to design an appropriate training
program for the newly
recruited marketing s

Answers

As the newly appointed HR manager at one of the leading supermarkets in Muscat, it is my duty to design an appropriate training program for the newly recruited marketing staff. The evaluation would help to determine the effectiveness of the training program and identify areas that need improvement.

The following are the steps I would take in designing the training program:

Step 1: Needs Assessment The first step would be to conduct a needs assessment to determine the knowledge, skills, and abilities required of the marketing staff to perform their job effectively.

Step 2: Develop Training Objectives Based on the results of the needs assessment, the next step would be to develop training objectives that are specific, measurable, achievable, relevant, and time-bound.

Step 3: Design the Training Program The third step would be to design the training program based on the training objectives.

Step 4: . The implementation would involve delivering the training to the marketing staff using the selected training methods, providing feedback to the participants, and assessing the effectiveness of the training program.

Step 5:The evaluation would involve assessing the learning outcomes, the impact of the training program on job performance, and the return on investment.

In conclusion, designing an appropriate training program for the newly recruited marketing staff would involve a needs assessment, development of training objectives, design of the training program, implementation of the training program, and evaluation of the training program.

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Suppose a 20-year $1,000 7% Treasury note with semiannual coupon payments offers a 5% yield. What price would an investor pay to buy this note?
A. $1,251.03
B. $958.24
C. $768.85
D. $1,164.12
Suppose a 10-year $1,000 5% corporate bond with semiannual coupon payments offers a 7.14% yield. What price would an investor pay to buy this bond?
$848.89
$1,121.71
$883.98
$1,019.32

Answers

The price an investor would pay to buy the 20-year $1,000 7% Treasury note with semiannual coupon payments, which offers a 5% yield can be calculated as follows:The face value of the bond is $1,000.The coupon rate is 7%. It is paid semi-annually.The maturity period is 20 years.The yield is 5%.

It is the annual rate and is also called the discount rate or the required rate of return.The price an investor would pay to buy this note is calculated as the present value of the future cash flows, which includes the coupon payments and the face value of the bond at maturity.

Using the formula,

PV of bond = Σ(CFt) / (1+r)t,

where

CFt = cash flow in period t, r = required rate of return, and t = time period

The cash flows for the bond are as follows:

Year Cash flow Discount factor

(1+r)t

Present value (CFt / (1+r)t)1 $35 1.025 $34.152 $35 1.051 $32.2703 $35 1.078 $30.3954 $35 1.105 $28.5265 $35 1.133 $26.6636 $35 1.162 $24.8077 $35 1.191 $22.9578 $35 1.221 $21.1139 $35 1.252 $19.27410 $1,035 1.283 $804.9411 $1,035 1.315 $786.4712 $1,035 1.348 $768.34

The present value of the future cash flows is $1,251.03.

The investor would pay $1,251.03 to buy this note.

Hence, the correct option is A. $1,251.03.

Now, let's calculate the price an investor would pay to buy the 10-year $1,000 5% corporate bond with semiannual coupon payments, which offers a 7.14% yield.

Using the formula,

PV of bond = Σ(CFt) / (1+r)t, where CFt = cash flow in period t, r = required rate of return, and t = time period

The face value of the bond is $1,000.

The coupon rate is 5%. It is paid semi-annually.The maturity period is 10 years.The yield is 7.14%. It is the annual rate and is also called the discount rate or the required rate of return.

The cash flows for the bond are as follows:

Year Cash flow Discount factor

(1+r)t Present value (CFt / (1+r)t)1 $25 1.035 $24.2152 $25 1.071 $23.3303 $25 1.108 $22.4564 $25 1.146 $21.5925 $25 1.185 $20.7376 $25 1.225 $19.8917 $25 1.266 $19.0538 $25 1.308 $18.2249 $25 1.351 $17.40210 $1,025 1.394 $737.06

The present value of the future cash flows is $1,121.71.

The investor would pay $1,121.71 to buy this bond.

Hence, the correct option is B. $1,121.71.

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is it cool when you have friends at school

Answers

Answer:

Well yes I would suppose…unless you’re the loner type. I don’t have any friends so I wouldn’t really know—

._.

Answer:

yes, i guess you could say that its cool to have friends at school. but it is important to make sure that they dont get in the way of schoolwork or influence you to do anything bad

Explanation:

State fully the need for, and the uses of, a postal remittances book.​

Answers

Answer:

Postal Remittance Book - a book kept for recording money received through the mail.

Explanation:

What type of forces is acting on an object that prevents the object from moving? (2 points) a Balanced forces b Friction forces c Gravity forces d Unbalanced forces

Answers

Friction is a force that slows or stops motion. Friction is the resistance to motion created by two objects rubbing against each other (the sled and the snow, for instance). Even air causes friction. Friction forces is your answer.

Answer:

Friction

Explanation:

Friction is a force that resists relative motions of solid surfaces, etc


Owen is an hourly employee, and the line that models his total pay in dollars
as it relates to the number of hours he has worked has a slope of 25 and a y
intercept of 15. Which statement is true?

Answers

It is accurate to say this.

Owen makes $25 per hour, and it seems like he also got a $15 signing bonus.

How can I figure out a line's slope?

Find the coordinates of each of the two locations you choose along the line. The y-coordinates of these two locations should be distinguished (rise). The difference between these two places' x-coordinates should be determined (run). Divided by the difference in x-coordinates (rise/run or slope), the difference in y-coordinates is determined.

What distinguishes salaried workers from hourly workers?

Based on their total income, salaried employees typically receive the same amount each pay week. On the other hand, an hourly employee receives a defined wage for each hour that they work. For instance, if they work eight hours a day at $20 an hour, they would make $160 that day (before taxes).

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is this statement true or false? since the middle east is home to such large amounts of oil, the region enjoys much financial and economic security.

Answers

Since the middle east is home to such large amounts of oil, the region enjoys much financial and economic security is true.

The statement that the Middle East enjoys much financial and economic security due to its large amounts of oil is partially true but requires further examination. While it is accurate that the region is home to significant oil reserves, the relationship between oil wealth and economic security is complex and multifaceted.

Oil plays a crucial role in the economies of many Middle Eastern countries, contributing to their revenue, export earnings, and government budgets. Oil exports have historically provided a steady source of income, allowing some countries to invest in infrastructure, social programs, and economic development. This has contributed to relative stability and prosperity in certain nations within the region.

However, relying heavily on oil exports also poses several challenges and risks. The "resource curse" phenomenon, observed in some oil-rich countries, highlights the potential negative effects of oil dependence.

These can include overreliance on a single commodity, vulnerability to oil price fluctuations, economic volatility, corruption, and a lack of diversification in the economy. Additionally, oil wealth can exacerbate socioeconomic inequalities, leading to social and political tensions.

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Which of the following statements about the W-2 form is TRUE? A W-2 lists all the money you spent over the last year You need a separate W-2 form from EACH of your employers in order to file your taxes The W-2 includes information about the interest you earned from your investments The total earnings from ALL jobs you worked in the previous year appear on ONE W-2 for

Answers

Answer:

w2 from each of your employers in order to do your taxes

I think tank W-2 will be better than this task

annual sales 24,324,000 net income 2,975,000 cost of goods sold 12,600,000 total assets 10,550,000 inventory 2,875,000 reciveables 3,445,000
what is the expected change in return on assets % ( round your answer to 2 decimal places)

Answers

The expected change in return on assets % can be calculated using the following formula: Return on Assets (ROA) = Net Income / Total Assets. So, the expected change in return on assets % is 65.56%

To calculate the expected change in ROA, we need to first calculate the current ROA.

ROA = Net Income / Total Assets = 2,975,000 / 10,550,000 = 0.2816 or 28.16%

Now, let's assume there is a 10% increase in both sales and total assets. We can calculate the new values as follows: Sales = 24,324,000 * 1.1 = 26,756,400

Total Assets = 10,550,000 * 1.1 = 11,605,000

To calculate the new net income, we can use the following formula: Net Income = Sales - Cost of Goods Sold - Operating Expenses

Using the current values, we can calculate operating expenses as follows: Operating Expenses = 24,324,000 - 2,975,000 - 12,600,000 = 8,749,000

Assuming that operating expenses remain constant, we can calculate the new net income as follows: New Net Income = 26,756,400 - 12,600,000 - 8,749,000 = 5,407,400

Now, we can calculate the new ROA as follows: New ROA = New Net Income / Total Assets = 5,407,400 / 11,605,000 = 0.4658 or 46.58%

The expected change in ROA % can be calculated as follows: Expected Change in ROA % = (New ROA - Old ROA) / Old ROA * 100= (0.4658 - 0.2816) / 0.2816 * 100= 65.56%. Therefore, the expected change in return on assets % is 65.56% (rounded to 2 decimal places).

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An international business is a firm that
Part 2
A. hires​ non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.

Answers

Option D: An international business is a firm that engages in international trade or investment.

Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.

It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.

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what is a primary reason why some small businesses resist the opening of large chain retailers like walmart or home depot

Answers

One primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot is their fear of competition.

Small businesses are the backbone of many countries' economies. These small businesses are frequently referred to as the backbone of the economy. They are responsible for the majority of job creation and economic activity. However, with the advent of large chain retailers, small businesses have been greatly threatened, resulting in resistance from some small businesses.

In this context, one primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot is their fear of competition. Small businesses are concerned that these large chain retailers will provide an unfair advantage, allowing them to undercut local pricing and potentially drive small businesses out of operation.

Many small businesses do not have the resources to compete with large corporations. Large corporations have the financial resources to invest in research and development, marketing, and advertising. This investment allows them to gain a competitive advantage over small businesses. The entrance of a large chain retailer like Walmart into a town frequently leads to the closure of small businesses.

Additionally, Walmart's influence extends beyond its direct suppliers to include local suppliers. Small businesses that supply to Walmart frequently experience a decrease in profit margins, which can have a detrimental impact on their business operations.

In addition, Walmart frequently utilizes its market power to force suppliers to lower prices, reducing supplier profit margins even further. These factors result in resistance from small businesses when large chain retailers attempt to enter their communities.

In conclusion, the fear of competition from large corporations is the primary reason why small businesses resist the opening of large chain retailers like Walmart or Home Depot. They are concerned that the chain will be able to undercut their prices and drive them out of operation, leading to the closure of their businesses.

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better and faster compliance with legal requirements, and significant cost reductions for some of the business processes are listed as anticipated benefits of erp systems. data redundancy is also minimized.

Answers

Anticipated benefits of ERP (Enterprise Resource Planning) systems include better and faster compliance with legal requirements, significant cost reductions for some business processes, and minimized data redundancy.

ERP systems are integrated software solutions that help businesses manage various aspects of their operations, including finance, human resources, inventory, supply chain, and more. These systems offer several anticipated benefits to organizations.

Firstly, ERP systems can facilitate better and faster compliance with legal requirements. By centralizing and automating processes, such as financial reporting and regulatory compliance, ERP systems provide organizations with the tools to efficiently meet legal obligations. This reduces the risk of non-compliance, penalties, and legal issues.

Secondly, ERP systems can result in significant cost reductions for some business processes. By streamlining and optimizing workflows, eliminating inefficiencies, and enabling better resource allocation, ERP systems can help reduce operational costs. This can include savings in areas such as inventory management, procurement, production planning, and administrative tasks.

Additionally, ERP systems minimize data redundancy. With integrated data management and a single, centralized database, ERP systems eliminate the need for multiple data entry points and duplicate records. This reduces the chances of errors, inconsistencies, and data discrepancies, leading to more accurate and reliable information across the organization.

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10. Your country takes in $350 million each year in tax money but chooses

spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?

expansionary stance

contractionary stance

economic stance

neutral stance

Answers

The country takes expansionary stance on fiscal policy. Option A.

My country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides.

This suggests that my country has an expansionary fiscal policy. Expansionary policies involve governments increasing their spending and decreasing taxes to stimulate economic growth.

This type of policy encourages investment and consumption, which leads to an increase in economic output and employment.

The increased spending can also help to reduce inequality, as it can help those on lower incomes. Expansionary fiscal policy is beneficial in times of economic difficulty, as it can help to provide a much-needed boost to the economy.

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A boss tells her employee, "If you don't get me those figures in the next five minutes, you're fired!" This is an example of which type of power?

Answers

Answer:

Coercive power

Explanation:

This boss is exercising coercive power. Such a power stems from a place of authority. The boss is hereby using force to ensure that this employee follows orders. In a situation whereby the employee fails to do what is expected of him, such a boss has the power to punish this boss for not complying with set instructions. This type of power can be used to make sure that Employees remain disciplined in an organization.

Total Costs (dollars)
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Curve N
Curve M
Curve L
1,000 2,000 3,000 4,000
Quantity
What are the appropriate labels for Curves N and M in the nearby graph?
O Curve N is total cost and Curve M is total fixed cost.
O Curve N is total variable cost and Curve M is total cost.
O Curve N is total cost and Curve M is total variable cost.
Curve N is total variable cost and Curve M is total fixed cost.

Total Costs (dollars)8,0007,0006,0005,0004,0003,0002,0001,0000Curve NCurve MCurve L1,000 2,000 3,000

Answers

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Why is the curve as stated about?

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

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With regard to suppliers, just-in time typically require: Group of answer choices buyer inspection of all goods and materials. delivery of large lots at regular intervals. the lowest price possible. multiple sources from which to purchase. long-term relationships and commitments.

Answers

Answer: long-term relationships and commitments.

Explanation:

Just in time typically implies long-term relationships and commitment. It requires a good understanding of the supplier and the manufacturer in terms of the quantity and the swiftness with material delivery. When there is a misunderstanding between the manufacturer and the supplier, delivery cones to a halt. This is why there's a need for a long lasting relationship and commitment.

In order for a check to be legal tender it must be?
O Authorized
O Certified
Signed
O Processed

Answers

Answer:

certified signed

Explanation:

that signature come from police

Answer:

certified signed

Explanation:

The check only have power or in other words legit when only have the certification from the bank or the treasury.

which target market the Beetle’s makers and promoters were aiming at.

Answers

The target market for the new Beetle are people between 18-34 years old as well as baby boomers.

Who encouraged the Volkswagen Beetle's development?

A review of a German success story in this article. The Volkswagen Beetle was created by two individuals, Adolf Hitler and Ferdinand Porsche, and it was a massive undertaking.

Therefore, the Segmentation of the New Beetle People who are "psychologically young," individualistic, self-assured, and nonconformist should be the New Beetle's target market.

According to research, prospective New Beetle drivers exhibited traits including self-assurance, independence, and a desire to command attention. They enjoyed driving and valued German engineering and spirited designs.

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Vermilion Inc., a manufacturer of high-technology medical devices, has its product development centers located in the United States and South Korea. The manufacturing units are located in China and the Philippines to benefit from low-labor costs and access to original equipment manufacturers. This allows the company to competitively price its devices. Also, the various phone models sold by the company are uniform in all the foreign markets it operates in. In this scenario, which of the following strategies does Vermilion most likely pursue?
A) international strategy
B) multidomestic strategy
C) global-standardization strategy
D) transnational strategy

Answers

Answer: Global-standardization strategy

Explanation:

Global-standardization strategy could be defined as using a model to market a product globally. It's the scenario where an organization uses the same marketing strategy of a product across various countries. The advantage of this is that it results in global brand coverage and makes reduction for cost.

Vermilion Inc. has her product produced in various countries but uses the same marketing model or strategy to sell globally, this method is known as Global-standardization strategy

If a picture is too large for a place holder, it will __________.
A. crop itself to fit inside of a placeholder
B. make the placeholder bigger
C. resize itself to match just the height of the place holder

Answers

if the picture is too large for the placeholder it will crop to the size of the placeholder. Thus the correct option is A.

What is place holder?

A fictional picture used as a replacement is intended to highlight the requirement for a real image. Photographs and their arrangement can be better understood and interpreted by using placeholders.

Rectangular boxes on the screen's right side can be clicked to insert the necessary presentation media. Editors can quickly insert slide presentations including text, images, and videos using the placeholders.

Therefore, option A is appropriate.

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Answer:

If the picture is too large for the placeholder it will crop to the size of the placeholder.

Explanation:

i will give brainlest!!!

name 5 things that being a doctor requires

Answers

In general, doctor requirements include completing a 4-year undergraduate degree program, spending 4 years in medical school, and then completing 3-7 years of residency training before becoming eligible for medical licensing

hotel linen supply group decides to move its manufacturing facility from boston, massachusetts, to nogales, mexico, because it will have access to highly skilled labor but at a much lower cost. this choice reflects the concept of

Answers

Answer:

Explanation:

GOING ON A HOTEL DAY IS A GOOD DAY TO REAST

what should be your first step in the career preparation process? a. job shadowing. b. self-reflection. c. writing an elevator pitch. d. talking to industry professionals. 2 points first question previous question question 20 of 50 next question last question

Answers

Self reflection is the first step in the career preparation process. Option (b) is correct.

What do you mean by Profession?

Any job that requires specialized training or a specific ability, frequently one that is recognized because it requires a high degree of education is known as profession.

During the career planning phase, you determine your desired professional path and the steps necessary to achieve it. You decide what steps you need to take to achieve your short-, medium-, and long-term career goals.

Therefore, Option (b) is correct. Self reflection is the first step in the career preparation process.

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Sometimes people are not aware that their personal information is being gathered. This is
o the purpose of data analysis
O a key ethical issue
o the main benefit of using data mining
O one of the data-mining techniques

Answers

Answer:

O a key ethical issue

Explanation:

In the process of gathering data for analysis, it is very important that certain ethical standards are adhered to. One of these very important ethical requirements is making sure that there is consent from the individuals whose data is to be used. Individuals have a right to their privacy. Using data or information about them for whatever purpose without them approving of it is a breach of privacy and might incur lawsuits if they get to know about that.

To prevent such issues from arising, the intent of the analyst should be clearly disclosed and the approval of the informant obtained.

Compare two types of savings accounts?

Answers

yes...............................

dexter incorporated had a cost of goods sold of $67,382. at the end of the year, the accounts payable balance was $12,089. how long, on average, did it take the company

Answers

According to the question the average payment period for Dexter Incorporated is 33.3 days.

What is payment?

Payment is the exchange of money or its equivalent for goods, services or other financial assets. Payment is often made by cash, check, credit card or bank transfer. Payment systems are used in virtually every type of transaction and can involve two or more parties. In general, payment systems enable people and businesses to make and receive payments in an efficient, secure and cost-effective manner.

Dexter Incorporated's average payment period can be calculated by dividing the Accounts Payable balance of $12,089 by the Cost of Goods Sold of $67,382.

The payment period can be expressed in days by dividing the result by 365.

Therefore, the average payment period for Dexter Incorporated is 33.3 days (12,089 / 67,382 = 0.179 x 365 = 33.3).

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Andros is the store manager at MegaTech. They sell home and business appliances to customers. Each day Andros greets customers, answers customer questions about different products, and helps with service breakdowns either in person, on the phone, or online. What is the term for these customer interactions?

Answers

The term for the customer interactions at MegaTech is called C. Customer Service.

What is customer service ?

Customer service is what organizations implement to guarantee customer delight with the products and services provided.

In this context, Andros is administering customer service by welcoming customers, answering inquiries, and resolving service concerns. Successful customer service can build up customer devotion and maintain customer retention, resulting in an enduring commercial success.

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Options are:
A. Sales

B. Marketing

C. Customer service

D. Public relations

1. In the IS-LM model, the impact of an increase in government purchases in the goods market has ramifications in the money market, because the increase in income causes a(n) in money . increase; supply O increase; demand O decrease; supply O decrease; demand

Answers

In the IS-LM model, an increase in government purchases in the goods market has ramifications in the money market. This is because the increase in income causes an increase in money demand.

As a result, the interest rate will rise to equate money demand with the fixed money supply. This increase in interest rates will lead to a decrease in private investment spending, which will cause a decrease in output and income. Therefore, the impact of government purchases in the goods market has both direct and indirect effects on the economy.


 In the IS-LM model, an increase in government purchases in the goods market has ramifications in the money market, because the increase in income causes an increase in money demand.

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how much does it cost to install 1000 square feet of hardwood floors?

Answers

Answer:The average cost to install hardwood floors on 1,000 sq. feet is between $6,115 and $10,140 with most homeowners spending about $8,127 for materials and professional labor.

Explanation:

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