Answer:
$377,200
Explanation:
Preparation for a retained earnings statement for the year ended May 31, 2018
First step is to calculate the Net income
Net income During The Year
Accounts Fees earned $809,500
Less Office expense 295,200
Miscellaneous expense 10,600
Wages expense 450,900
Net Income $52,800
Second step is to calculate the Change In Retained Earnings
Dividends $15,600
Net Income $52,800
Change In Retained Earnings $37,200
($52,800-$15,600)
Now let calculate retained earnings statement
Beginning retained earnings $340,000
Add Change In Retained Earnings $37,200
($52,800-$15,600)
Retained Earning May 31, 2018 $ $377,200
($340,000+$37,200)
Therefore the retained earnings statement for the year ended May 31, 2018 is $377,200
Fill in the blanks with the category of the expanded accounting equation (assets; liabilities; owner, capital; owner, withdrawals; revenues; expenses).
Inventory
Retained Earnings
Dividends
Cost of Goods Sold
Utilities Payable
Service Revenue
Accounts Payable
Rent Expense
Answer and Explanation:
The classification is as follows;
Inventory = current assets
Retained Earnings = stockholder equity
Dividends = dividend
Cost of Goods Sold = expense
Utilities Payable = current liabilities
Service Revenue = revenue
Accounts Payable = current liabilities
Rent Expense = expense
In this way it could be classified and the same is relevant
Assume that the following balance sheet portrays the state of the banking system. The banks currently have no excess reserves.
Assets Liabilities and Net Worth
(Billions of Dollars)
Total reserves 5 Checkable Deposits 50
Loan 25
Securities 20
Total 50 Total 50
What is the required reserve ratio?
a. 5%
b. 40%
c. 10%
d. 25%
Answer:
c. 10%
Explanation:
The computation of the required reserve ratio is shown below:
Required reserves ratio is
= Total reserves ÷ Checkable Deposits
= $5 ÷ $50
= 0.1
= 10%
Hence, the required reserve ratio is 10%
Therefore the correct option is c.
BY dividing the total reserves from the deposits we can get the required reserve ratio
Provide an example of how an international company (such as Unilever or Mondelez International) changes its distribution channels and/or marketing messages based on country.
Answer:
The examples of the given circumstances are provided below.
Explanation:
Interpretations of how the international corporation (including such Unilever) was indeed changing the distribution platform:
Unilever transforms this same distribution network to potential consumers as well as ensures immediate access includes a multitude of shareholder but instead everyday items. The corporation has a more adaptable distribution network which virtually guarantees direct services to consumers worldwide thru all the different retailers, shopping centers as well as other chain stores.Interpretations of how and why the International Corporation is changing targeted advertising:
Unilever Advertisements have been created on the basis of the cultural values including its Country-Advertising Notifications besides Unilever impacts negatively on either the values of the people throughout order to determine if the project is uniquely equipped to address the requirements of the cultural identity as well as to raise the effectiveness of purchases.When workers are overqualified for their current jobs or can
find work only part-time, we refer to this as
Select one:
a. not in labor force.
b. discouraged workers
C. unemployed.
d. underemployed
= underemployed
Answer:
If the price of imports rose, caused by a change in the value
of the pound then the AS would shift to the:
Select one:
a. None of the above
b. right
C. left
d. vertically
= left
Explanation:
If the price of imports rose, caused by a change in the value
of the pound then the AS would shift to the:
Select one:
a. None of the above
b. rightIf the price of imports rose, caused by a change in the valueIf the price of imports rose, caused by a change in the value
of the pound then the AS would shift to the:
Select one:
a. None of the above
b. right
C. left
d. vertically
= leftIf the price of imports rose, caused by a change in the valueof the pound then the AS would shift to the:
Select one:a. None of the aboveb. rightC. leftd. vertically= leftIf the price of imports rose, caused by a change in the valueof the pound then the AS would shift to the:Select one:a. None of the aboveb. rightC. leftd. vertically= leftof the pound then the AS would shift to theSelect one:
a. None of the above
b. rightC. leftd. verticallyIf the price of imports rose, caused by a change in the valueof the pound then the AS would shift to the:
Select one:a. None of the aboveb. rightC. leftd. verticall= left= leftC. leftd. vertically= left
Answer:
It’s D
Explanation:
Labor Force is the sum of unemployed people
you wouldn’t be discouraged if you overqualify
your not unemployed when you still have a job
Congratulations! You just graduated with a degree in management. As you reflect on your school experience, you make a list of the reasons you were so efficient with your studies. Which of the following statements relate specifically to your efficiency?
a. Last year, you reviewed the course schedule to ensure you knew when to enroll in certain electives that are offered per year.
b. When registration opened for each term, you immediately registered for the classes you needed, especially the quickly.
c. Throughout your time in you chose electives that would provide you with a education, and based on easy you heard classes were.
d. After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation date.
Answer: After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation
Explanation:
Efficiency has to do with one's ability to achieve a particular goal while avoiding wastage. One who does something efficiently, does that particular thing sufficiently.
The option that relates to efficiency is option D "After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation date".
This brings about efficiency as one is on track to achieving a goal.
Question 2 (1 point)
Joanna studied medicine in college but graduated with a bachelor's degree in
business administration. Which company might be interested in hiring Joanna?
O A pharmacy chain looking for a traveling pharmacist
A nursing home in need of orderlies
A large pediatric practice looking for an office manager
A hospital in need of nurses.
{please help me it’s due today}
Answer:
A large pediatric practice looking for an office manager
Explanation:
An office manager requires management and administrations skill to discharge their duties effectively. When working in a hospital, a medical background is critical.
A bachelor's degree in business administration prepares students to be good managers. A large pediatric practice looking for an office manager will need a business administration degree holder's skills. Since Joanna studied medicine and business administration, she should be the ideal person to work as an office manager at the pediatric center.
What is the purpose of preserving historical data?
A.
legal compliance
B.
recruitment
C.
leave sanctions
D.
payroll
Answer:
What is the purpose of preserving historical data?
A.legal compliance
Increase cost and tend to place less
experienced employee in job is due
High rate of:
Select one:
a. Absenteeism
b. Strikes
c. Training
d. Employee Turnover
= Employee Turnover
Answer:
Employee Turnover it is.
Explanation:
A has nothing to do with this.
B only affects one person.
C isnt a negative effect.
Increase cost and tend to place less experienced employee in job is due high rate of Employee Turnover Option(d) is correct.
What is Employee turnover?
With regards to HR, turnover is the demonstration of supplanting a representative with another worker. Partings among associations and representatives might comprise of end, retirement etc.
Employee turnover alludes to the complete number of laborers who leave an organization throughout a specific time span. It incorporates the individuals who exit willfully as well as employees who are terminated or laid off — that is, compulsory turnover. Turnover is not quite the same as steady loss.
Causes incorporate issues with the organization's way of life, its advantages and remuneration structure, its profession way and preparing, administrators and considerably more. High deliberate turnover influences benefit and, frequently, consumer loyalty. On the substantial side, enrolling new people is exorbitant.
When in doubt, employee degrees of consistency of 90% or higher are viewed as great and an organization ought to hold back nothing pace of 10% or less.
Therefore Option(d) is correct.
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Explain one recognised technique used by innovations to protect the intellectual property (IP) of their ideas.
Answer:
Register copyrights, trademarks, and patents.
Explanation:
Copyright GIVES protection of tangible and intangible creative works. The moment you create something, you are the owner. However, you will have proof if you register your work.
the same goes with trademarks and patents. Register so that you will have proof of creation.
The following cash transactions occurred during the period. INTEREST RECEIVED IN CASH $18,000
PAYMENT OF WAGES TO EMPLOYEES $35,000
PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000
DISTRIBUTION OF CASH DIVIDEND DECLARED LAST YEAR $25,000
Fill in the statement of cash flows on the left following US GAAP. Use the direct method for calculating cash flow from Operating Activities.
ACCORDING TO US GAAP
OPERATING ACTIVITIES
SOURCES: ?
(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000
INVESTING ACTIVITIES
SOURCES: ?
(USES:) ?
FINANCING ACTIVITIES
SOURCES: ?
(USES:) ?
Answer:
OPERATING ACTIVITIES
SOURCES: INTEREST RECEIVED IN CASH $18,000, the company receives money
(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, the company pays wages
INVESTING ACTIVITIES
SOURCES: NONE
(USES:) PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000 , the company pays for the equipment
FINANCING ACTIVITIES
SOURCES: NONE
(USES:) DISTRIBUTION OF CASH DIVIDEND DECLARED LAST YEAR $25,000, the company pays dividends
Which of the following answer options are your employer's responsibility? (OSHA)
(A) Develop a written hazard communication program
(B) Implement a hazard communication program
(C) Maintain a written hazard communication program
Answer: A, B, and C. ALL OF THE ABOVE!
Explanation:
They're all the correct answer.
An employer's OSHA responsibility with regard to a hazard communication program is (C) Maintain a written hazard communication program.
OSHA's HCS, 29 CFR 1910.1200 (e) specifically requires the employer to maintain a written hazard communication.This written program includes maintenance of labels and other warning forms, safety data sheets.It is also required that the employer should provide safety information and training, especially for its employees.Thus, the responsibility of the employer is not to develop or implement a hazard communication program but to maintain a written hazard communication program.
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Employer branding was discussed at the beginning of this chapter. On a scale of 1 (Poor) to 5 (Excellent), how valuable are the following brands?
A. Bank of America.
B. McDonald’s.
C. BP Global.
D. Walmart.
Answer:
A ) Bank of America : rating = ( 1 )
B ) McDonald's : rating = ( 4 )
C ) BP Global : rating = ( 1 )
D ) Walmart : rating = ( 3 )
Explanation:
On a scale of 1 to 5 we can rate the following brands as
A ) Bank of America : rating = ( 1 ) this is because The bank is laying off its staffs while the Manager is earning an exorbitant salary also the made a mistake in purchasing Merrill Lynch.
B ) McDonald's : rating = ( 4 ) this is because they make good hamburger and some of the staffs working there says its is a staff friendly place ( good place to work )
C ) BP Global : rating = ( 1 ) The Gulf oil spill which had a negative effect on the economy of the Gulf coast is the reason why i am rating them 1
D ) Walmart : rating = ( 3 ) This is because they offer Good prices for their products but discriminate against women
A___ Relationship would include your co-workers and friends.
Answer:
A colleague Relationship would include your co-workers and friends.
The summary of the payroll for the monthly pay period ending July 15 indicated the following:
Salaries $180,000
Federal income tax withheld 32,300
Medical insurance withheld 7,370
Social security tax withheld 10,800
Medicare tax withheld 2,700
Illustrate the effects on the accounts and the financial statements of
(a) the payroll
(b) the employer's payroll tax expense for the month.
The state unemployment tax rate is 4.2%, and the federal unemployment tax rate is 0.8%. Only $30,000 of salaries are subject to unemployment taxes
Solution :
Assets = Liabilities + Stockholders' equity
Cash Employee Federal Employee Medical Employee FICA Retained
Income tax payable Insurance payable Tax payable earnings
-126830 32300 7370 13500 -180000
Statement of Cash Flows Income Statement
July 15 Operating Activities 126830 Outflow July-15 Wages & salaries
Expenses -180000
Assets = Liabilities + Stockholders' equity
Cash Employee FICA Tax FUTA tax payable SUTA tax Retained
Payable payable earnings
0 13500 240 1260 -15000
Statement of Cash Flows Income Statement
July-15 No effect Jul-15 Payroll tax expense
15000
[tex]$(30000) \times (4.2+0.8)+10800+2700 $[/tex]
This section of the VITA/TCE certification Foreign Student test covers determining residency status, the use of Form 8843, and filing status. It consists of 13 true/false questions and 4 scenario-based multiple choice questions.
Allow approximately 20 minutes to complete this segment status.
1. Hans entered the U.S. on December 15, 2012 in F-1 immigration never been to the United States before and he did not change immigration status during 2017. For federal income tax purposes, Hans is a non-resident for 2017.
A. True
B. False
2. Abshir is a visiting professor at the local university. Abshir was a graduate student from August 2011 to July 2013 in F-1 immigration status. He re-entered the United States on December 20, 2017 in J-1 immigration status. For federal income tax purposes, Abshir is a resident alien for 2017.
A. True
B. False
3. Juan served as a visiting scholar in F-1 immigration status from December 2011 through June 2014. In January of 2016, Juan retumed to the United States as a graduate student. For federal income tax purposes, Juan is a resident alien for 2017.
A. True
B. False
4. Emil came to the United States in F-2 immigration status with his wife on August 20, 2016. He has not changed his immigration status. For federal income tax purposes, Emil is a resident alien for 2017.
A. True
B. False
5. Tamera lived with her parents in F-2 immigration status in the United States from August 2007 to June 2011. She returned to the U.S. to attend college in F-1 immi- gration status on May 1, 2016. Tamera does not need to file Form 8843 for 2017.
A. True
B. False
Answer:
1. Hans entered the U.S. on December 15, 2012 in F-1 immigration never been to the United States before and he did not change immigration status during 2017. For federal income tax purposes, Hans is a non-resident for 2017.
B. False
F-1 immigration visas are given to students. They are required to pay taxes on any income that they earn, but they are not required to pay FICA taxes.
2. Abshir is a visiting professor at the local university. Abshir was a graduate student from August 2011 to July 2013 in F-1 immigration status. He re-entered the United States on December 20, 2017 in J-1 immigration status. For federal income tax purposes, Abshir is a resident alien for 2017.
A. True
Since Abshir holds a J-1 immigration visas and returned to the US to live, the IRS considers him a resident alien.
3. Juan served as a visiting scholar in F-1 immigration status from December 2011 through June 2014. In January of 2016, Juan returned to the United States as a graduate student. For federal income tax purposes, Juan is a resident alien for 2017.
A. True
Juan is responsible for paying both income and FICA taxes.
4. Emil came to the United States in F-2 immigration status with his wife on August 20, 2016. He has not changed his immigration status. For federal income tax purposes, Emil is a resident alien for 2017.
B. False
Emil is not a resident alien and must file form 8843.
5. Tamera lived with her parents in F-2 immigration status in the United States from August 2007 to June 2011. She returned to the U.S. to attend college in F-1 immigration status on May 1, 2016. Tamera does not need to file Form 8843 for 2017.
A. True
Tamera will be considered a resident alien for tax purposes, so she doesn't file form 8843.
Do you think people tailor their behavior to suit those in power more than they admit?
Answer:
yes, of course they do
Explanation:
people will always tailor their behavior wether it's against them or for them, depending on how they feel they will act a certain way
Regardless of whether something is working in their favor or against them, people will always adjust their conduct to suit their feelings.
People tailor their behavior to suit those in power more than they admit?I concur that most people behave differently in front of influential people. They modify their actions to suit those in positions of authority. In front of influential individuals, they also refuse to acknowledge the full amount of their subordination.
From a different angle, we must recognize that those in positions of authority do so for a cause. They are required to keep society working properly and in order. Because our supervisors have coercive power over us in addition to their position, we typically perform tasks at work according to their requirements and in their preferred style.
Therefore, If we don't change our conduct to fit their needs, we risk losing our jobs. In other cases, something else that we see as being important to us might take the place of the work. The source is driven into submission or obedience by the fear of losing that "Something."
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Use the following items to determine the toata assets ,total liabilities , net worth , total cash inflows and total cash outflows.
Rent for the month $ 650 Monthly take-home salary$ 2,185
Spending for food $ 345 Cash in checking account$ 450
Savings account balance $ 1,890 Balance of educational loan 2,160
Current value of automobile $8,800 Telephone bill paid for month 65
Credit card balance $ 235 Loan payment 80
Auto insurance $ 230 Household possessions 3,400
Video equipment $ 2,350 Payment for electricity 90
Lunches/parking at work $ 180 Donations 160
Personal computer $ 1,200 Value of stock investment 860
Clothing purchase $ 110 Restaurant spending 130
Answer:
Determining the total assets, total liabilities, net worth, total cash inflows, and total cash outflows:
1. Total assets
Cash in checking account $ 450
Savings account balance $ 1,890
Current value of automobile $8,800
Household possessions 3,400
Video equipment $ 2,350
Personal computer $ 1,200
Value of stock investment 860
Total assets $18,950
2. Total liabilities
Rent for the month $ 650
Balance of educational loan 2,160
Credit card balance $ 235
Total liabilities $3,045
3. Net worth
Total assets $18,950
Total liabilities ($3,045)
Net worth $15,905
4. Total cash inflows
Monthly take-home salary $ 2,185
5. Total cash outflows
Spending for food $ 345
Telephone bill paid for month 65
Loan payment 80
Auto insurance $ 230
Payment for electricity 90
Lunches/parking at work $ 180
Donations 160
Clothing purchase $ 110
Restaurant spending 130
Total cash outflows $1,390
Explanation:
a) Data and Calculations:
Rent for the month $ 650
Monthly take-home salary$ 2,185
Spending for food $ 345
Cash in checking account$ 450
Savings account balance $ 1,890
Balance of educational loan 2,160
Current value of automobile $8,800
Telephone bill paid for month 65
Credit card balance $ 235
Loan payment 80
Auto insurance $ 230
Household possessions 3,400
Video equipment $ 2,350
Payment for electricity 90
Lunches/parking at work $ 180
Donations 160
Personal computer $ 1,200
Value of stock investment 860
Clothing purchase $ 110
Restaurant spending 130
If Investment A has an effective annual rate (EAR) that is greater than Investment B's EAR, it is possible for Investment A's annual percentage rate (APR) to be less than Investment B's APR.
a. True
b. False
Answer: True
Explanation:
It is indeed possible for Investment A's annual percentage rate (APR) to be less than Investment B's APR but the only way that Investment A can have a higher EAR is if it has more compounding periods in the years.
For instance, assume Investment A has an APR of 25% to be compounded daily and Investment B has an APR of 26% to be compounded semi-annually, their EARs would be:
EAR A = (1 + 25%/365)³⁶⁵ - 1
= 28.4%
EAR B = (1 + 26%/2)² - 1
= 27.7%
Proving that APR can be less but EAR will be more.
What do you think a speaker can do to establish themselves as credibile and trustworthy?
Answer:
Speakers who make direct eye contact with the audience tend to appear as more trustworthy. Delivering speeches fluently by practicing beforehand can enhance a speaker's credibility.
Explanation:
Answer:
Speakers who make eye contact with the audience appear more open, trustworthy, and confident. Even if you are reading from a script or consulting cue cards, look up frequently to maintain your connection with the audience. Speak loudly, clearly, and confidently.
Hope this helps, have a wonderful day/night, and stay safe!
The job satisfaction of an employee
is depending on the
Select one:
a. Behaviour
b. Attitude
c. Employer
d. Personality
= Attitude
Answer:
Job satisfaction depends on several different factors such as satisfaction with pay, promotion opportunities, fringe benefits, job security, relationship with co-workers and supervisors, etc. ... Factors affecting the level of job satisfaction are; Working Environment.
ATTITUDE
Job satisfaction and also organizational responsibility are two key attitudes that are considered applicable to important outcomes. The Correct option is 'B'.
What is Job Satisfaction?
Job Satisfaction is the essential segment of employee motivation and motivation towards more satisfactory interpretation.
Many people have determined job satisfaction and memorialized that most employees have issues with their leader who is not presenting them the consideration they deserve.
Supervisors also conduct harsh behaviors toward workers due to which they are not satisfied sharing good and creative ideas with their leaders.
Job satisfaction relies on several different elements such as satisfaction with pay, fringe benefits, promotion opportunities, relationship with co-workers job security, supervisors, etc.
Elements affecting the status of job satisfaction are; Working Environment.
Therefore, The correct option is 'B' ATTITUDE.
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Grain Farm Inc. files a suit against Harvest Services. Before the court can exercise jurisdiction over Harvest, the court must have proof that :_____.
a. Grain Farm did not act to precipitate a dispute with Harvest.
b. Grain Farm is prepared to notify Harvest of the suit.
c. Harvest was notified of the suit.
d. Harvest committed the act of which Grain Farm complains.
Answer:
C)Harvest was notified of the suit.
Explanation:
From the question, we are informed about Grain Farm Inc. that files a suit against Harvest Services. In this case, Before the court can exercise jurisdiction over Harvest, the court must have proof that Harvest was notified of the suit. jurisdiction as regards to law can be explained as the right a case has over a particular subject matter. And all categories of court can exercise this power to adjudicate cases
In a competitive market, the quantity of a product produced and the price of the product are determined by
a. a single seller
b. all buyers and all sellers
c. a single buyer
d. one buyer and one seller working together
Answer:
b. all buyers and all sellers
Explanation:
In a competitive market, the quantity of a product produced and the price of the product are determined by
Which of the following is NOT a part of personal financial planning?
a). Starts with Career Decisions
b). Look for Growing Jobs/Salaries
c). State/Local Taxes
d). Time Management
Answer:
i do not no sorry :'(
Answer:
It's time management.
Explanation:
Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:
Inventories January 1 January 31
Materials...........................$180,000.....................$145,500
Work in process....................334,600.....................290,700
Finished goods.....................675,000.....................715,000
Direct labor.........................................................$2,260,000
Materials purchased during January....................1,375,000
Factory overhead incurred during January:
Indirect labor......................................................115,000
Machinery depreciation.......................................90,000
Heat, light, and power.........................................55,000
Supplies..............................................................18,500
Property taxes.....................................................10,000
Miscellaneous costs............................................33,100
a. Prepare a cost of goods manufactured statement for January.
b. Determine the cost of goods sold for January.
Answer and Explanation:
a. The preparation of the cost of goods manufactured statement for January is presented below:
Diskan Manufacturing Company
Statement of Cost of Goods Manufactured
For the month ended January 31
Work In Progress Inventory, January 1 $334,600
Direct Material:
Material Inventory, Jan 01 $180,000
Add; Purchases during January $1,375,000
Cost of Materials available for use $1,555,000
Less; Material Inventory, Jan 31 (Ending Inventoy) $145,500
Cost of Direct Materials used in Production $1,409,500
Direct Labor $2,260,000
Factory Overhead:
Indirect Labor $115,000
Machinery depreciation $90,000
Heat, Light and Power $55,000
Supplies $18,500
Property Taxes $10,000
Miscelleneous Costs $33,100
Total Factory Overhead $321,600
Total Manufacturing Cost Incurred during January $3,991,100
Total Manufacturing Costs $4,325,700
Less: Work In Progress Inventory, January 31 $290,700
Cost of Goods Manufatured $4,035,000
b. The cost of goods sold is
= Opening balance of finished goods inventory + cost of goods manufactured - ending balance of finished goods inventory
= $675,000 + $4,035,000 - $715,000
= $3,995,000
Sam Snead, the owner of Snead's Fine Golf Wear, used $1800 of his personal funds to go on vacation. Which of the following is the most appropriate treatment regarding this transaction? A. Travel expense 1,800 Cash 1,800 B. Withdrawals 1,800 Cash 1,800 C. Record a memorandum in the general journal D. Do not record the transaction in the general journal
Answer:
D. Do not record the transaction in the general journal
Explanation:
There is no need to record the transaction in the general journal since the money that was actually spend by Sam Snead happens to be his own personal fund rather than the company's fund (That is, the Golf Wear company). Funds belonging to the company are those that deserve to be recorded in the general journal.
Bakers are much _________ likely to supply pastries to the market if property rights are not enforced. In the presence of market failures, public policy can improve economic efficiency.
Classify the source of market failure in each case listed.
a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream.
b. There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars.
Answer and Explanation:
In the case when the property rights are not enforced so here the bakers are less likely to supply the pastries
Now the classification of the market failure is as follows;
a. When the manufacturing firm dump the chemical water in near by river so it would be classified as an externality
b. And, when there is only one car dealership so this represent the market power
'Structural unemployment arises from longer term changes in
the demand for and supply of labour in specific industries?
Select one:
True
False
= False
Answer:
It’s False
Explanation:
The Keynesian analysis of
aggregate demand indicates that a
decline in the price level causes:
Select one:
a. an increase in the real money
supply, a decline in interest rates,
an increase in investment
spending, and an increase in
aggregate output demanded.
b. a decline in the real money
supply an increase in interest
rates, a decline in investment
spending, and a decline in
aggregate output demanded.
c. a decline in the real money
supply, a decline in interest rates,
an increase in investment
spending, and an increase in
aggregate output demanded
d. an increase in the real money
supply, an increase in interest
rates, a decline in investment
spending and a decline in aggregate output demanded
= an increase in the real money
supply, a decline in interest rates,
an increase in investment
spending, and an increase in
aggregate output demanded.
The Keynesian analysis indicates that the fall in price level causes an increase in the real money supply, a decline in interest rates, an increase in investment spending, and an increase in aggregate output demanded.
What is an aggregate demand?
This refers to the total amount of demand of all goods and services produced in an economy.
The Keynes's theory asserts that the aggregate demand helps in measurement of spending by households, businesses, government etc
However, the analysis depicts that an increase in the real money supply, a decline in interest rates, an increase in investment spending, and an increase in aggregate output demanded.
Therefore, the Option A is correct.
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Knowing your audience: Find an example of when a company or business did not listen to its customers. Investigate the case and explain it.
Answer:
E.g., Nokia did...
Customers made it clear to them that neither Windows phone nor Symbian will get anywhere near Android or iOS.
They resisted, ignored. They just flat out wanted the customers to adapt to their OS rather the other way around due to the absolute authority in the mobile phone market share.
As with any business which doesn't evolve as per the customer demands, the end was inevitable, and it was just a matter of time.
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Alternative Inventory Methods Frate Company was formed on December 1, 2015, and uses the periodic inventory system. The following information is available from Frate's inventory records for Product Ply:
Units Unit Cost
January 1, 2016 (beginning inventory) 1,700 $5.00
Purchases:
January 6, 2016 2,400 6.00
January 25, 2016 2,100 6.50
February 17, 2016 1,500 7.00
March 27, 2016 1,800 7.50
A physical inventory on March 31, 2016 shows 3,400 units on hand.
Required:
Prepare schedules to compute the ending inventory at March 31, 2019, under each of the following inventory methods:
a. FIFO
b. LIFO
c. Weighted average
Show supporting computations in good form.
Answer:
Part a.
Ending Inventory = (100 units x $6.50 + 1,500units x $7.00 + 1,800 units x $7.50)
= $24,650
Part b.
Ending Inventory = (100 units x $6.50 + 1,500units x $7.00 + 1,800 units x $7.50)
= $24,650
Part c.
Ending Inventory = 3,400 units x $6.37
=$21,658
Explanation:
It is important to note that Frate Company uses the periodic inventory system. In periodic inventory system, inventory valuation and cost of sales are determined at the end of the period.
Units Sold = Opening units + Purchases - Closing units
= 1,700 + (2,400 + 2,100 + 1,500 + 1,800) - 3,400
= 6,100 units
FIFO
First In First Out (FIFO) assumes that the inventory that was purchased first is the first to be delivered to the customer. Therefore, inventory valuation is at the latest prices.
Ending Inventory = (100 units x $6.50 + 1,500units x $7.00 + 1,800 units x $7.50)
= $24,650
LIFO
Last In First Our (LIFO) assumes that the last inventory purchased is the first to be delivered to the customer. Therefore, inventory valuation is at the earlier prices.
Ending Inventory = (1,700 units x $6.00 + 1,700 units x $5.00)
= $18,700
Weighted Average
In weighted average method, the unit cost of inventory is recalculated after every purchase made. Therefore the inventory valuation is at the most recent calculated unit cost.
Ending Inventory = Units on hand x Average unit cost
where,
Average unit cost = Total Cost for unit available for sale ÷ units available for sale
= (1,700x $5.00 + 2,400 x6.00+ 2,100x 6.50+ 1,500 x7.00+ 1,800 x7.50) ÷ (1,700 + 2,400 + 2,100 + 1,500+ 1,800)
= $6.37
therefore,
Ending Inventory = 3,400 units x $6.37
=$21,658