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2 years ago

Aggregate supply is represented as a schedule or curve showing the relationship between the nation's

1 answer:

4 0

Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.

The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.

In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.

The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.

Usually, the level of prices and total supply have a positive connection.

Demand growth or decline has the biggest impact on short-term changes in aggregate supply.

New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.

Learn more about aggregate supply:

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Tamarisk, Inc. just took its physical inventory on December 31. The count of inventory items on hand at the companyâs business l

Dmitry [639]

Answer:

Closing inventory = $289,000 + $13,190 = 302,190

Explanation:

Tamarisk inc.

In closing an inventory count consideration should be given to goods in transit. The agreements reached between buyer and seller will help in determining who is responsibility for the stock at each point in time.

An FOB (free on board) agreement means the seller of the goods is responsible for shipping the goods up to the port of destination and thereafter ownership, which includes risks and rewards for the goods is transferred to the buyer.

CIF (cost, insurance and freight). This implies the selling price of the seller already includes the cost of the product, the insurance and the freight getting it to the warehouse of the Buyer. In this instance, the ownership remains that of the seller until the products arrive the warehouse of the buyer

A. Richfield already has taken possession and even displayed it in his showroom as at Dec 31.

Action: do not add this to the closing inventory count

B. It is OK not to include the $20,180 goods in transit to the buyer as at DEC 31, because they were conditioned on an FOB agreement.

Action: do not add this to the closing inventory count

C. With a purchase consideration of FOB worth $13,190 still in transit as at Dec 31. The company needs to consider this as the risk and reward already transferred to it as agreed in the FOB terms

Action: add this to the closing inventory count

4 0

3 years ago

Read 2 more answers

Overton Company has gathered the following information. Units in beginning work in process 20,300 Units started into production

storchak [24]

Answer:

a. Materials = 206,000 units and Conversion costs = 196,040 units

b. Materials = $0.50 and Conversion costs = $2.65

c. Costs to units transferred out = $570,465 and Costs to units in process = $59,511

Explanation:

a. Calculation of Equivalent Units of Production for Materials and for Conversion costs

Units Completed and Transferred = Units in beginning work in process + Units started into production - Units in ending work in process

= 20,300 + 185,700 - 24,900

= 181,100

Materials

Units Completed and Transferred (181,100 × 100%) = 181,100

Units in Ending Work in Process (24,900 × 100%) = 24,900

Equivalent Units of Production = 206,000

Conversion costs

Units Completed and Transferred (181,100 × 100%) = 181,100

Units in Ending Work in Process (24,900 × 60%) = 14,940

Equivalent Units of Production = 196,040

b. Calculation of the unit costs of production.

Unit costs of production = Total Cost / Equivalent Units of Production

Materials = $103,000 / 206,000

= $0.50

Conversion costs = ($333,306 + $186,200) / 196,040

= $2.65

Total Unit Cost = $0.50 + $2.65

= $3.15

c. Assignment of costs to units transferred out and in process.

Costs to units transferred out = 181,100 × $3.15

= $570,465

Costs to units in process

Materials ($0.50 × 24,900) = $12,450

Conversion costs ($3.15 × 14,940) = $47,061

Total Cost = $59,511

8 0

3 years ago

In making business decisions, Glenda, personnel manager for HVAC Maintenance, Inc., applies his belief that all persons have fun

Nonamiya [84]

Answer:

b. the principle of rights.

Explanation:

Principle of rights in business considers if actions are ethical and how it will affect other's rights.

Principle of rights is a concept postulated by Immanuel Kant, and it is of the view that citizens trust the government to create favorable laws for their citizens. Government will not breach trust by drafting laws that will violate freedom of rights of the citizens.

The right intentions must be present when making decisions that affect people and their interest should not be violated.

Glenda believes everyone has fundamental human rights, and is practicing principle of rights.

8 0

3 years ago

Displays more information on the spreadsheet?

nignag [31]

When you ask a question like this, you have to include a picture of what you are talking about. I'll walk you through the process. When you first start asking a question there is an option for a little paperclip on the bottom of the question box. Click on that and then select the file (the photo is considered a file by the computer) then type in what the question is and simple hit ask question. Now it will post the picture along with your question.

Hope this helps,

Miri

6 0

3 years ago

What account earns the most interest

xxTIMURxx [149]

Answer:

A bank account

Explanation:

because your money is kept safe

8 0

3 years ago