Holly Company has the following information for December 1 to December 31. All direct materials are 100% complete.

Beginning balance December 200 units, 20% complete for conversion $14,000
Completed 800 units and transferred to finished goods inventory $131,182
Direct materials 54,000
Direct labor 34,000
Factory overhead Property taxes 6,000
Depreciation 32,000
Utilities 18,000
Indirect labor 4,000
Ending balance December 31, 300 units, 40% complete 30,818

Required:
Calculate equivalent units using the weighted-average and FIFO methods.

Answers

Answer 1

Answer:

Weighted Average : Materials = 1,100 units, Conversion Costs = 920 units

FIFO : Materials = 1,100 units, Conversion Costs = 1,260 units

Explanation:

Weighted Average

Materials

Ending Work In Process (300 ×100 %)         =  300 units

Completed and Transferred (800 ×100 %)   = 800 units

Equivalent units in respect to materials       = 1,100 units

Conversion Costs

Ending Work In Process (300 ×40 %)                    =  120 units

Completed and Transferred (800 ×100 %)            = 800 units

Equivalent units in respect to conversion costs   = 920 units

FIFO

Materials

To finish  Opening Work in Process (200 × 0%)    = 0 units

Started and Completed (800 × 100%)                    = 800 units

Ending Work in Process (300 × 100%)                   = 300 units

Equivalent units in respect to materials                =1,100 units

Conversion Costs

To finish  Opening Work in Process (200 × 80%)    = 160 units

Started and Completed (800 × 100%)                       = 800 units

Ending Work in Process (300 × 40%)                        = 300 units

Equivalent units in respect to materials                    =1,260 units


Related Questions

The following information is available for Robstown Corporation for 20Y8:
Inventories January 1 December 31
Materials $44,250 $31,700
Work in process 63,900 80,000
Finished goods 101,200 99,800
December 31
Advertising expense $ 400,000
Depreciation expense-office equipment 30,000
Depreciation expense-factory equipment 80,000
Direct labor 1,100,000
Heat, light, and power-factory 53,300
Indirect labor 115,000
Materials purchased 556,600
Office salaries expense 318,000
Property taxes-factory 40,000
Property taxes-office building 25,000
Rent expense-factory 27,000
Sales 3,850,000
Sales salaries expense 200,000
Supplies-factory 9,500
Miscellaneous costs-factory 11,400
Required:
A. Prepare the 20Y8 statement of cost of goods manufactured.*
B. Prepare the 20Y8 income statement.*
* Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

Answers

Answer:

A. Statement of cost of goods manufactured for the year ended 20Y8

Beginning Work In Process                                                               $63,900

Add Manufacturing Costs :

Materials ($44,250 + $556,600 - $31,700)          $569,150

Depreciation expense-factory equipment            $80,000

Direct labor                                                          $1,100,000

Heat, light, and power-factory                               $53,300

Indirect labor                                                          $115,000

Property taxes-factory                                           $40,000

Rent expense-factory                                             $27,000

Supplies-factory                                                       $9,500

Miscellaneous costs-factory                                    $11,400      

                                                                                                       $2,005,300

Less Ending Work In Process                                                          ($80,000)

Cost of Goods Manufactured                                                        $1,989,250

B. Income statement for the year ended 20Y8

Sales                                                                                             $3,850,000

Less Cost of Goods Sold

Opening Finished Goods                                     $101,200

Add Cost of Goods Manufactured                   $1,989,250

Less Ending Finished Goods                              ($99,800)      ($1,990,650)

Gross Profit                                                                                   $1,859,350

Less Operating Expenses

Advertising expense                                          $400,000

Depreciation expense-office equipment            $30,000

Office salaries expense                                      $318,000

Property taxes-office building                             $25,000

Sales salaries expense                                      $200,000        ($973,000)

Net Income                                                                                   $886,350

Explanation:

Part A

Statement of cost of goods manufactured is a summary of the cost incurred in the manufacturing process.

Cost of Goods Manufactured = Opening Work In Process + Total Manufacturing Costs - Closing Work In Process

Part B

Income Statement shows the profit earned during the reporting period

Profit = Gross Profit (Sales - Cost of Goods Sold) - Operating Expenses

Charles just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's deciding between a Super and a Duper. The Super is priced at $23,599, and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes the dealership a check for $4,000 and takes out a loan for the remainder of the purchase price. Identify what role money plays in each of the following parts of the story.

a. Van writes a check for $4,000.
b. Van can easily determine that the price Of the Super is more than the price of the Duper.
c. Van has saved $4,000 in his checking account.

Answers

Answer and Explanation:

The identification of the role that money plays in each of the following transactions done:

1. In the case when Van write the check so it would be classified as the medium of exchange

2. When van would easily measures the price of the super i.e. higher than the duper price so it would be classfied as the unit of the account

3. And, when van saved the amount of $4,000 in his checking account so it would be classified as the store of the value

If you were given the task of totalling all the M1 money in circulation in the US, which of the following would you include in your calculations?

a. Demand deposits and other checking accounts
b. Currency
c. Savings accounts

Answers

Answer:

A

B

Explanation:

M1 is the most liquid definition of money. M1 includes currency and coin, demand deposits, travellers' checks, other checkable deposits

Savings account is part of M2

Complete the steps you will use to create a document using a word processor.
Pick an existing template
Format the fonts of the text as required
Use Save As to save the document with
an appropriate name.
Open your word processing application.
Replace the placeholders with text and
images.

Answers

Answer:

open word app

pick template

format font

replace placeholders

save as

Explanation:

both font and changing placeholders can be interchangable. I prefer to have the font right at the start.

Which of the following statements is correct with respect to economic incentives to release financial information?

a. Owners and managers do not have an economic incentive to supply the amount and type of financial information because it has no effect on the company's ability to raise capital at the lowest cost.
b. Companies have an economic incentive to supply the formation investors want in order to raise capital at the lowest possible cost.
c. Because financial disclosures are regulated, owners and managers have little economic incentive to supply the amount and type of financial information that will enable them to raise capital most cheaply.
d. Because companies have an economic incentive to supply information investors want, regulatory groups have intendence over the amount and type of financial information that Comores descone.

Answers

Answer:

B

Explanation:

If investors do not have adequate information about the company they are investing, they would demand an higher rate of return. This would increase the cost of raising capital. So, financial managers who want to raise capital at a cheap rate would have the incentive to disclose information

Because of specialization and comparative advantage, most people:_______

a. consume the products produced by their family and friends.
b. consume the products of many other specialists.
c. consume only what they produce themselves.
d. do not use money as a medium of exchange.
e. share whatever they produce

Answers

Answer:

B

Explanation:

A country (people) has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries (people).

According to economic theory, a person should specialise in the production of goods for which it has a comparative advantage.

If a person specialises only in the production of goods he specialises, he would not to buy other goods from specialists since she does not produce all the goods

Corporations refer to total owner’s equity as what?

Answers

Answer:

total stockholders' equity

Explanation:

In corporations, shareholder equity is regarded as as stockholders' equity. Stockholders equity can be explained as the residual claim of the owner of corporation over an asset provided that debt has been paid. Equity is the difference between the total asset and total liability of the firm. It should be noted that Corporations refer to total owner’s equity as total stockholders' equity

Some students and scholars may owe money with their tax return. Nonresidents have which of the following payment options?

a. Ask for an extension of time to pay or an installment agreement.
b. Pay the entire balance by the due date for the return.
c. Put the balance on a credit card.
d. All of the above.

Answers

Answer:

d. All of the above.

Explanation:

In the case where certain students and academics owes their tax return money, the non-resident has the below payment options.

a. Either apply for a pay time extension or an agreement to pay on the basis of payments

b. Pay at the due date of the return the total sum

c. On the credit card, put the balance

Therefore by all of the above options they can be eligible

hence, the correct option is d.

Gross Profit Method: Estimation of Flood Loss
On November 21, 2016, a flood at Hodge Company's warehouse caused severe damage to its entire inventory of Product Tex. Hodge estimates that all usable damaged goods can be sold for $9,200. The following information was available from Hodge's accounting records for Product Tex:
Inventory at November 1, 2016 $96,000
Purchases from November 1, 2016, to date of flood 131,000
Net sales from November 1, 2016, to date of flood 250,000
Based on recent history, Hodge had a gross margin (profit) on Product Tex of 30% of net sales.
Required:
1. Prepare a schedule to calculate the estimated loss on the inventory in the flood, using the gross profit method.
HODGE COMPANY
Calculation of Estimated Loss on Inventory
in the Flood Using Gross Margin (Profit) Method
November 21, 2016
$
$
Estimated cost of goods sold
$
$
$
2. The gross profit method may not provide an accurate estimate of ending inventory when:

Answers

Answer:

                                  Hodge Company

            Calculation of Estimated Loss on Inventory  in the

                 Flood Using Gross Margin (Profit) Method

                                   November 21, 2016

Inventory at November 1, 2016                                       $96,000

Purchases from November 1, 2016                                 $131,000

to date of flood  

Cost of goods available for sale                                     $227,000

Estimated cost of goods sold:

Net sales from November 1, 2016          $250,000

to date of flood  

Less: Estimated gross margin                 $75,000          $175,000

(250,000 * 30%)

Estimated cost of inventory at date of flood                   $52,000

Less: Salvage goods                                                         $9,200

Estimated loss on inventory in the flood                       $42,800

An economist will consider the sunk cost of a product line before recommending an improvement to the product. True or false

Answers

Answer:

false

Explanation:

The Oklahoma Department of Transportation (ODOT) is looking at the purchase of a new technology for asphalt paving of major highways. The new machine will cost $1,000,000 and is expected to provide a net revenue of $150,000 per year for 9 years. There is no salvage value for this machine. If MARR=10% per year, what is the exact IRR for this project?
A. 15.15%
B. 13.68%
C. 6.47%
D. 2.14%

Answers

Answer:

Option C (6.47%) is the right answer.

Explanation:

The given values are:

New machine's cost,

= $1,000,000

Net revenue,

= $150,000

Time,

= 9 years

MAAR,

= 10% per year

Now,

On taking, i = 5%

⇒ PW(5%) = [tex]-1,000,000 + 150,000(\frac{P}{A} , 5 \ percent, 9)[/tex]

                 = [tex]-1,000,000 + 1,066,200[/tex]

                 = [tex]66,200[/tex]

On taking, i = 10%

⇒ PW(10%) = [tex]-1,000,000 + 150,000(\frac{P}{A} , 10 \ percent, 9)[/tex]

                  = [tex]-1,000,000 + 863,85 0[/tex]

                  = [tex]-136,150[/tex]

By interpolation, we get

⇒ [tex]i=5 \ percent + [\frac{66,220-0}{(66,200-(-136,150)} ]\times (10 \ percent - 5 \ percent)[/tex]

⇒   [tex]=0.05 + (\frac{66,220}{202,350} )\times 0.05[/tex]

⇒   [tex]=0.0663[/tex]

i.e.,

⇒   [tex]= 6.63 \ percen t[/tex]

organizations that typically do not integrate the management of operations in different countries.

Answers

Answer:

Individuals from the home country manage operations outside the home country

i tryed

Calculate Tax Rate in Decimal Form (6 decimal places)

City: Reese
Total Assessed Value: $48,000,000
Budget required: $895,000

Answers

Answer:

the tax rate in decimal places is 0.018645

Explanation:

The computation of the tax rate in decimal places is shown below;

tax rate is

= Required budget ÷ Total assessed value

= $895,000 ÷ $48,000,000

= 0.018645

hence, the tax rate in decimal places is 0.018645

Simply divide the required budget from the total assessed value in order to get the tax rate

Which of the following is not correct?
A. Natural monopolies are often subject to regulation.
B. Public ownership is the most common and effective public policy toward monopolies in the United States.
C. Sometimes the best public policy toward a monopoly is to do nothing.
D. Antitrust laws may prevent mergers that would actually raise social welfare.

Answers

Answer:

d

Explanation:

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

A natural monopoly occurs due to the high start-up costs or a large economies of scale.

Natural monopolies are usually the only company providing a service in a particular region  

Antitrust laws prevents mergers that would make the market less competitive. Thus, their aim is to increase social welfare

Caroline's paycheck each week is $12 per hour times the number of hours she works. Caroline thus currently earns a ___ wage of $12 per hour. Suppose the price of sparkling water is $3 per gallon. The amount of sparkling water she can buy with her paycheck is ___ of sparkling water, which represents her ___ wage.

When workers and firms negotiate compensation packages, they have expectations about the price level (and changes in the price level) and agree on a ___ weage with those expectations in mind. If the price level turns out to be higher than expected, a worker's ___ wage is ___ than both the worker and employer expected when they agreed to the wage.

Suppose that Caroline and her employer both expected inflation to be 3% between 2011 and 2012. They signed a two-year contract stipulating that Caroline would earn $12 per hour in 2011 and $12.36 per hour in 2012. However, actual inflation between 2011 and 2012 turned out to be 5% rather than the expected 3%. For example, suppose the price of sparkling water rose from $3 per gallon to $3.15 per gallon. This means that between 2011 and 2012, Caroline's nominal wage ___ by ___ and her real wage ___ by approximately ___.

Answers

Answer:

Caroline's paycheck each week is $12 per hour times the number of hours she works. Caroline thus currently earns a NOMINAL wage of $12 per hour. Suppose the price of sparkling water is $3 per gallon. The amount of sparkling water she can buy with her paycheck is 4 GALLONS of sparkling water, which represents her REAL wage.

When workers and firms negotiate compensation packages, they have expectations about the price level (and changes in the price level) and agree on a NOMINAL wage with those expectations in mind. If the price level turns out to be higher than expected, a worker's REAL wage is LOWER than both the worker and employer expected when they agreed to the wage.

Suppose that Caroline and her employer both expected inflation to be 3% between 2011 and 2012. They signed a two-year contract stipulating that Caroline would earn $12 per hour in 2011 and $12.36 per hour in 2012. However, actual inflation between 2011 and 2012 turned out to be 5% rather than the expected 3%. For example, suppose the price of sparkling water rose from $3 per gallon to $3.15 per gallon. This means that between 2011 and 2012, Caroline's nominal wage INCREASED by 3% and her real wage DECREASED by approximately 2%.

Explanation:

Nominal wages are measured in current dollars, while real wages measure the employee's purchasing power. If the inflation rate is higher than expected, the total amount of goods that an employee will be able to purchase will decrease, lowering their real wage.

A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are as follows: Amount per Unit Direct materials $ 10.00 Direct labor $ 6.00 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 5.00 Fixed selling expense $ 3.50 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 What is the incremental cost incurred if the company increases production from 12,000 to 12,001 units

Answers

Answer:

14.002

Explanation:

The CFO of the company believes that an appropriate annual interest rate on this investment is 4%. What is the present value of this uneven cash flow stream, rounded to the nearest whole dollar?
$1, 625,000
$1, 685, 335
$1, 975,000
$600,000
Identify whether the situations described in the following table are examples of uneven cash flows or annuity payments:
Description Uneven Cash Flows Annuity You recently moved to a new apartment and signed a contract to pay monthly rent to your landlord for a year.
SOE Corp. hires an average of 10 people every year and matches the contribution of each employee toward his or her retirement fund.
Franklinia Venture Capital (FVC) invested in a budding entrepreneur's restaurant. The restaurant owner promises to pay FVC 10% of the profit each month for the next 10 years.
You have committed to deposit $600 in a fixed interest-bearing account every quarter for four years.

Answers

Answer:

Present value of the cash flows = $1,625,000 /1.04 + $1,685,335/1.04  + $1,975,000/1.04 + $600,000/1.04 = $5,389,337.27

You recently moved to a new apartment and signed a contract to pay monthly rent to your landlord for a year.  ⇒ ANNUITY

SOE Corp. hires an average of 10 people every year and matches the contribution of each employee toward his or her retirement fund.  ⇒ UNEVEN CASH FLOW (EACH EMPLOYEE'S SALARY VARIES, SO THE TOTAL EXPENSE ALSO VARIES)

Franklinia Venture Capital (FVC) invested in a budding entrepreneur's restaurant. The restaurant owner promises to pay FVC 10% of the profit each month for the next 10 years.  ⇒ UNEVEN CASH FLOW (PROFITS ARE NOT IDENTICAL FORM ONE PERIOD TO ANOTHER)

You have committed to deposit $600 in a fixed interest-bearing account every quarter for four years. ⇒ ANNUITY

You have just graduated from college and are looking to buy your first car. Money is tight right​ now, so you are concerned with initial cost as well as ongoing expenses. At the same​ time, you​don't want to drive a​ slow, outdated car like your parents do. You have narrowed your choices down to two​ vehicles: a Honda Enigma and a Bizzarrini Booster. Based on the numbers​ below, calculate the value index for each car. Which car provides you with the greatest​ value?
LOADING...
Click the icon to view the data table.
The value index for Honda Enigma is
Dimension Importance to you Honda Enigma Bizzarrini Booster
Fuel economy 4 2 1
Reliability 3 2 1
Speed and handling 5 4 4
Aesthetics 5 3 5
After-sales support 4 4 4
Purchase price 3 4 2

Answers

Answer:

                                 Importance to you     Honda Enigma  Bizzarrini Booster

Fuel economy                 4                                    2                                1

Reliability                         3                                    2                                1

Speed and handling       5                                    4                                4

Aesthetics                       5                                    3                                5

After-sales support        4                                    4                                4

Purchase price               3                                    4                                2

Honda's value index (4 x 2) + (3 x 2) + (5 x 4) + (5 x 3) + (4 x 4) + (3 x 4) = 77

Bizzarrini's value index (4 x 1) + (3 x 1) + (5 x 4) + (5 x 5) + (4 x 4) + (3 x 2) = 74

You should choose the Honda Enigma.

Family members may lend you money based on
A)Obligation
B)Your sound business plan
C)Your strength of character
D)Guilt

Answers

Answer:

D)Guilt

Explanation:

Commercial lenders consider the ability to repay, collateral offered, credit score, loan purposes, business plan, among other things before advancing credit to an individual or firm. Lenders have formal requirements to be met for a loan to be issued. As for family, there are no set requirements or criteria for lending amongst members.

Family members may lender based on various reasons. From the list provided, guilt could be a base for lending. A family member may feel bad when they turn down a request from a fellow member. To avoid that guilt feeling, a family member will lend out money to another member.

How soon does a landlord have to return a security deposit in Florida?

Answers

Answer:

15days

Explanation:

Five firms exist in the Liagiba industry. Their respective market shares are 35, 25, 15, 15, and 10 percent. Five firms exist in the Haras industry. Their respective market shares are 35, 30, 25, 8, and 2 percent.

Required:
What is the Herfindahl index for the both industries?

Answers

Answer:

Liagiba industry = 2400

Haras industry = 2818

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

Liagiba industry = 35² + 25² + 15² + 15² + 10² = 1225 + 625 +225 + 225 + 100 = 2400

Haras industry = 35² + 30² +25² + 8² + 2² = 1225 + 900 + 625 + 64 + 4 = 2818

Consider a 10-year bond with a face value of $1,000 that has a coupon rate of 5.5%, with semiannual payments.
a. What is the coupon payment for this bond?

Answers

Explanation:

It all depends on the market conventions and the bond documentation.

1 In most countries, traditionally fixed coupon bonds don’t have their coupons day counted. So if the frequency is twice a year, and the annual coupon rate is 5.5%, then each semi-annual coupon is exactly 5.5/2=2.75%. However a lot of other instruments, e.g. fixed swap legs, loans, and bonds that are really “loan participation notes”, etc. usually have their fixed coupons day counted. So each coupon amount will vary a little depending on the number of days in the accrual period, weekends and holidays.

This information relates to Sheridan Company for the year 2022.

Retained earnings, January 1, 2022 $91,100
Advertising expense 2,450
Dividends 8,160
Rent expense 14,200
Service revenue 78,880
Utilities expense 3,260
Salaries and wages expense 40,800
Prepare an income statement for the year ending December 31, 2022. SHERIDAN COMPANY Income Statement

Answers

Answer:

              SHERIDAN COMPANY

                Income Statement

For the Year Ended December 31, 2022

Revenues

Service Revenue                                        $78,880

Expenses

Salaries and Wages Expense $40,800

Rent Expense                           $14,200

Utilities Expense                      $3,260

Advertising Expense               $2,450

Total Expenses                                             $60,710

Net Income                                                   $18,170

Overall what statement is most true of Judith

Answers

Wheres the answer choices.

The difference between indirect tax and subsidy is known as:

Select one:
a. Net Indirect Tax
b. Depreciation
c. Capital consumption allowances
d. Net Factor Income from Abroad

= Net Indirect Tax​

Answers

Answer:

A. Net Indirect Tax

Explanation:

Net Indirect Tax is the difference between the Indirect tax and subsidy. To find out Market Prices (MP), indirect taxes are added and subsidies are subtracted from Factor Cost (FC) as explained above. In short, MP includes net indirect tax whereas FC does not.

Answer:

Net indirect tax is the difference

Megan and Susan are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Megan takes 5 hours to brew a gallon of root beer and 3 hours to make a pizza. Susan takes 8 hours to brew a gallon of root beer and 4 hours to make a pizza.
Megan's opportunity cost of making a pizza is (1/2 gallon, 2 gallon, 3/5 gallon, 1 2/3 gallon) of root beer, and Susan's opportunity cost of making a pizza is (1/2 gallon, 2 gallon, 3/5 gallon, 1 2/3 gallon) of root beer.
(Megan/Susan) has an absolute advantage in making pizza, and (Megan/Susan) has a comparative advantage in making pizza.
If Megan and Susan trade foods with each other, (Megan/Susan) will trade away pizza in exchange for root beer.
The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off is (1/2 gallon, 2 gallon, 3/5 gallon, 1 2/3 gallon) of root beer, and the lowest price that makes both roommates better off is (1/2 gallon, 2 gallon, 3/5 gallon, 1 2/3 gallon) of root beer per pizza.

Answers

Answer and Explanation:

The opportunity cost of megan for making pizza would be equivalent to the root amount as she make 1 pizza in 3 hours and in 5 hours she produced 1 boot beer so in one hour she produced 1 by 5th So for 3 hours it produced 3 by 5 so the opportunity cost would be 3 by 5 root beer gallon

Likewise for susan it produced 4 by 8 i..e 1 by 2 root beer gallons

By the above calculation the megan has the absolute advantage as megan takes lesser hours i.e. 3 hours while susan takes 4 hours

And, the susan has the comparative advantage as it contains the less opportunity cost i.e 1 by 2 as compared with megan i.e. 3 by 5

Also in the case of trade off susan would trade away as she has the comparative advantage

The highest price would be better off by 3 by 5 gallon

And, the lowest price is 1 by 2

CHECKPOINT QUESTION
Which of the following statements about gossip in the organization is TRUE?
Only small amounts of information are carried on the grapevine of workplace
gossip.
Employees rely on each other for important information more than they rely on
their bosses.
Managers are excluded from using the grapevine to communicate or respond to
messages.
The grapevine can be used to prevent individual agendas and potential
miscommunications.

Answers

Answer:

Only small amounts of information are carried on the grapevine of workplace

gossip.

Explanation:

Grapevine is referred to as the circulation of unofficial information and rumors. Most of the communications in an organization is carried out through grapevine. It is informal communication of messages and information and also gossips in an organization. The grapevine communications carries more of accurate information than gossips. Only a small portion of the information consists of gossips in the functional grapevine.

Consider two economies that are identical, with the exception that one has a high marginal propensity to consume (MPC) and one has a low MPC. If the money supply is increased by the same amount in each economy, the high MPC economy will experience:

Select one:
a. a smaller increase in output and a
smaller decrease in the interest rate.
b. A larger increase in output and a
smaller decrease in the interest rate.
c. a larger increase in output and a
larger decrease in the interest rate.
d. A smaller increase in output and a larger decrease in the interest rate

= A larger increase in output and a
smaller decrease in the interest rate.​

Answers

If the money supply is increased by the same amount in each economy, the high MPC economy will experience b. A larger increase in output and a smaller decrease in the interest rate.

What does a high MPC imply?

A high MPC implies increased consumption while a low MPC shows increased savings.

Two factors that increase MPC include:

Readily available credit Lower interest rates.

Thus, if the money supply is increased by the same amount in each economy, the high MPC economy will experience b. A larger increase in output and a smaller decrease in the interest rate.

Learn more about the marginal propensity to consume (MPC) at https://brainly.com/question/14310761

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Sid Summitt is the stockholder and operator of Our Idol LLC, a motivational consulting business. At the end of its accounting period, December 31, 2017, Our Idol has assets of $502,000 and liabilities of $120,000. Using the accounting equation, determine the following amounts:______.
a. Stockholders' equity as of December 31, 2017.
$
b. Stockholders' equity as of December 31, 2018, assuming that assets decreased by $117,000 and liabilities decreased by $36,000 during 2018.
$

Answers

Answer:

a. Stockholder's equity as of December 31,2017 = Assets - Liabilities

= $502,000 - $120,000

= $382,000

b. Stockholder's equity as of December 31,2018 = $382,000-($117000 - $36000) = $229,000

What is my GPA if you have 5 A's and 1 F

Answers

Answer:

Honesly I don't really now but I could probobly find out

3.3 would be your gpa
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