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Savatey [412]
1 year ago
12

If Central Bank A cares only about keeping the price level stable and Central Bank B cares only about keeping output at its natu

ral level, then in response to an exogenous decrease in the velocity of money: a. both Central Bank A and Central Bank B should increase the quantity of money. b. Central Bank A should increase the quantity of money whereas Central Bank B should keep it stable. c. Central Bank A should keep the quantity of money stable whereas Central Bank B should increase it. d. both Central Bank A and Central Bank B should keep the quantity of money stable.
Business
1 answer:
dexar [7]1 year ago
8 0

<u>A)</u><u> Both Central Bank A and Central Bank B should </u><u>increase</u><u> the </u><u>quantity</u><u> of </u><u>money.</u>

<u></u>

<h3><u>What is the Central Bank?</u></h3>

A financial institution with exclusive authority over the creation and distribution of money and credit for a country or a group of countries is known as the central bank. In contemporary economies, the central bank is typically in charge of monetary policy formulation and member bank regulation. Inherently non-market-based or even anti-competitive institutions are central banks. Many central banks, despite the fact that some have been nationalized, are not part of the government and are therefore frequently hailed as being politically independent. However, even though a central bank isn't technically the government's property, its rights are still created and safeguarded by the law.

Learn more about central banks with the help of the given link:

brainly.com/question/24171524?referrer=searchResults

#SPJ4

<u></u>

<u></u>

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Explanation:

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Broomhilda manufactures broomsticks for her fellow witch (and wizard) friends. Broomhilda uses a job order cost system and appli
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Answer:

Broomhilda

1. Predetermined overhead rate = overhead costs/direct labor costs

= $840,000/$700,000

= $1.20 per direct labor cost

2.  Job Cost Sheets for           Job 50      Job 51      Job 52

Beginning balances:

Direct materials                    $20,000

Direct labor                            $12,000

Manufacturing overhead      $16,000

3. Journal Entries for the purchase of raw materials and manufacturing overhead costs:

Debit Raw materials $90,000

Credit Accounts Payable $90,000

To record the purchase of raw materials on account.

Debit Manufacturing overhead $65,000

Credit Raw materials $17,000

Credit Wages $20,000

Credit Depreciation expense $12,000

To record the manufacturing overhead incurred.

4. Debit Job 50 $21,000

Credit Raw materials $10,000

Credit Direct labor $5,000

Credit Manufacturing overhead $6,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 50.

Debit Job 51 $94,000

Credit Raw materials $39,000

Credit Direct labor $25,000

Credit Manufacturing overhead $30,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 51

Debit Job 52 $74,000

Credit Raw materials $30,000

Credit Direct labor $20,000

Credit Manufacturing overhead $24,000

To record the assignment of direct materials, direct labor, and manufacturing overhead costs to Job 52

5.  Job Cost Sheets for           Job 50      Job 51      Job 52

Beginning balances:

Direct materials                    $20,000

Direct labor                            $12,000

Manufacturing overhead      $16,000

Direct materials                     $10,000      $39,000     $30,000

Direct labor                             $5,000      $25,000     $20,000

Manufacturing overhead       $6,000      $30,000     $24,000

Total                                      $69,000      $94,000

6. Debit Accounts Receivable $280,000

   Credit Sales Revenue $280,000

To record the sale of goods (Jobs 49 and 50 for $122,000 and $158,000, respectively).

Debit Cost of Goods Sold $159,000

Credit Job 49 $90,000

Credit Job 50 $69,000

To record the cost of goods sold for Jobs 49 and 50.

7. Finished Goods Inventory balance = $94,000

This balance consists of Raw materials $39,000, Direct labor $25,000, and Manufacturing overhead $30,000 for Job 51.

8. The amount of over-or underapplied overhead:

Overhead incurred = $65,000

Overhead applied =   $60,000

Underapplied =            $5,000

Debit Cost of Goods Sold $5,000

Credit Manufacturing overhead $5,000

To close the underapplied overhead to the cost of goods sold.

Explanation:

Jobs 50 costs prior to September:

direct materials $20,000,

direct labor $12,000, and

manufacturing overhead $16,000

Total costs so far = $$48,000

Job 49 completed at a cost of $90,000

Beginning balance of Raw Materials Inventory = $15,000

Started Jobs 51 and 52, completed Jobs 50 and 51

Sold Jobs 49 and 50 on account for $122,000 and $158,000, respectively.

Additional events:

Raw materials purchased on account = $90,000

Manufacturing overhead incurred:

indirect materials $17,000

indirect labor $20,000

depreciation expense on equipment $12,000

Various manufacturing overhead = $16,000

Total = $65,000

Assignment of direct materials and direct labor to jobs:

Job no.   Direct Materials   Direct Labor   Manufacturing overhead

50                  10,000            5,000              $6,000

51                  39,000          25,000            $30,000

52                 30,000          20,000           $24,000

Estimated total manufacturing overhead costs = $840,000

Estimated direct labor costs = $700,000

Predetermined overhead rate = overhead costs/direct labor costs

= $840,000/$700,000

= $1.20 per direct labor cost

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Answer:

none

Explanation:

The Texas Real Estate Commission (TREC) requires that the seller of residential property comprising not more than one dwelling unit must file a Seller's Disclosure Notice. This excludes a condominium or a duplex. Also, if the house is new and has never been used for residential purposes, then the seller doesn't have to file a disclosure either.

The purpose of the disclosure is to inform any issues related with the house that the seller is aware of. But this disclosure does not substitute any inspections that the buyer may want to obtain.

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3 years ago
Decision-making problems that could occur when using absorption costing include inappropriate ______ decisions, and decisions ma
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Decision-making problems that could occur when using absorption costing include inappropriate __<u>pricing</u>____ decisions, and decisions made to ___<u>drop</u>___ products that are, in fact, profitable.

<h3>What is absorption costing?</h3>

Absorption costing is the costing method that includes both direct and indirect costs in the costs of a product.

It is the opposite of variable or marginal costing, which takes into account only the direct costs in determining the product cost.

Thus, the decision-making problems with absorption costing include <u>pricing</u> decisions and decisions involving whether to <u>drop</u> profitable products.

Learn more about absorption costing at brainly.com/question/26276034

4 0
2 years ago
Predetermined overhead rate LO P3 At the beginning of a year, a company predicts total direct materials costs of $920,000 and to
timofeeve [1]

Answer:

145%

Explanation:

Given that,

Company predicts total direct materials costs = $920,000

Total overhead costs = $1,330,000

Predetermined Overhead rate:

= (Total overhead cost ÷ Total direct material cost) × 100

= ($1,330,000 ÷ $920,000) × 100

= 1.45 × 100

= 145%

Therefore, the predetermined overhead rate it should use during the year is 145%.

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3 years ago
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