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2 years ago

An increase in the expected inflation rate, other things remaining the same?

Business

1 answer:

NikAS [45]2 years ago

5 0

An increase in the expected inflation rate shifts the short-run Phillips curve upward.

Inflation is the rate of increase in prices over a period of time. Inflation is usually a broad measure, such as a general rise in prices or an increase in the cost of living in a country.

US annual inflation accelerated to 9.1% in June 2022, from 8.6% in May to his highest since November 1981, beating market expectations of 8.8%.

Although high inflation is generally viewed as detrimental, some economists believe low inflation could boost economic growth. The opposite of inflation is deflation, where prices tend to fall. The Federal Reserve is targeting 2% inflation based on the Consumer Price Index (CPI).

Learn more about the inflation rate here: brainly.com/question/1100560

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Dibert Inc. has provided the following data concerning one of the products in its standard cost system.Inputs Standard Quantity

Soloha48 [4]

Answer:

Option (C) is correct.

Explanation:

Actual output = 5100 units

Actual direct labor-hours = 3,380 hours

Actual direct labor cost = $74,698

The labor rate variance:

= (Actual Hours × Actual rate ) - ( Actual Hours × Standard Rate)

= $74,698 - ( 3,380 Hours × $20.40 Per Hour)

= $74,698 - $68,952

= $5,746 U

Since, the Actual is more than the Standard, the Variance is Unfavorable

Hence, the correct answer is $ 5,746 U

5 0

3 years ago

Relevant costs for target costing include:

Firdavs [7]

Answer:

Correct answer is D. All future costs, both variable and fixed

Explanation:

In target costing, all future costs both variable and fixed costs are relevant. This is for us to clearly determine the desired profit that the company wants to attain. The process of costing is to determine all future costs that the company will possibly incur in the production and add it to the desired profit margin to know the unit sales price of the product.

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3 years ago

Ray has six hours before he goes to bed on a school night. He plans to spend an hour surfing the Internet, two hours playing his

dsp73

He will ask his brother to help him with his homework but exclude watching tv and playing video games until he finishes the homework

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3 years ago

If shuebke's review was conducted in good faith and conformed to generally accepted accounting principles, can superior hold shu

Ira Lisetskai [31]

This involves bookkeeper obligation, carelessness – or neglecting to distinguish material oversights, and the treatment of bookkeepers acting in compliance with common decency and following the sound accounting standards. The essential inquiry is regardless of whether Shuebke can be held subject expecting she had acted in compliance with common decency and adjusted to the sound accounting standards. To start, sound accounting standards can be characterized as the traditions, guidelines, and methodology used to depict what the worthy bookkeeping standards are at a particular time. They likewise diagram the level of aptitude expected of bookkeepers and the level of care that they should practice in playing out their administrations.

6 0

3 years ago

Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $250 million of 8% bonds, dated January 1, on January 1, 2

stealth61 [152]

Answer:

A. 1-Jan-21

Dr Investment in Bond $250

Cr Cash $228

Cr Discount on bond investment $22

30-Jun-21

Dr Cash $10

Dr Discount on bond investment $1.40

Cr To Interest revenue $11.40

31-Dec-21

Dr Cash $10

Dr Discount on bond investment $1.47

Cr Interest revenue $11.47

B. $240 million

C. In Million)

31-Dec-21

Dr Fair value adjustment $9.13

Cr Unrealized holding gain or loss - NI $9.13

D. Net cash flow from operating activities= $208 Outflow

Cash flow from investing activities=$0.00

Explanation:

a. Preparation of the relevant journal entries on the respective dates.

1-Jan-21

Dr Investment in Bond $250

Cr Cash $228

Cr Discount on bond investment $22

($250-$228)

(Being to record the investment in bond )

30-Jun-21

Dr Cash $10

($250 * 8% * 6/12)

Dr Discount on bond investment $1.40

($11.40-$10)

Cr To Interest revenue $11.40

($228*10%*6/12)

(Being to record revenue recognition for bond interest and discount amortized)

31-Dec-21

Dr Cash $10

($250 * 8% * 6/12)

Dr Discount on bond investment $1.47

($11.47-$10)

Cr Interest revenue $11.47

($229.40*10%*6/12)

(Being to record revenue recognition for bond interest and discount amortized)

b. Calculation for what amount will Fuzzy Monkey report its investment in the December 31, 2016, balance sheet

Based on the information given we were told that the fair value of the bonds at December 31, 2021, was the amount of $240 million which means that the amount that Fuzzy monkey will report its investment on December 31, 2021 balance sheet will be the fair value amount of $240 million

c. Preparation of any entry necessary to achieve this reporting objective

(In Million)

31-Dec-21

Dr Fair value adjustment $9.13

($240 - $228 - $1.40 - $1.47)

Cr Unrealized holding gain or loss - NI $9.13

(Being to record adjusting entry to record investment at fair value)

d. Calculation for How would Fuzzy Monkey's 2016 statement of cash flows be affected by this investment

STATEMENT OF CASH FLOW (Partial) For 2021

(In million)

Cash flow from operating activities

Short term investment $228

Less: Interest received ($20)

Net cash flow from operating activities $208 Outflow

Cash flow from investing activities $0.00

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3 years ago