Donielle opened a revolving line of credit with a $4,000 credit limit. How much does she

Your grandmother tells you a dollar doesn't go as far as it used to. She says the " purchasing power" of a dollar is much less t

Harrizon [31]

Answer:

See below

Explanation:

My grandmother is referring to the effect of inflation on the currency. Economist defines inflation as the general but gradual increase of prices in the economy over time. As a country experiences economic growth, prices of goods and services tend to increase. The government monitors the increase in prices using tools like the consumer price index (CPI). The resultant figure from the CPI is the inflation rate.

The government desires to keep the inflation rate at a predetermined optimal level. Should the economy grow at a fast pace, the inflation rate will probably rise. The government will respond with measures to control the growth and maintain stable prices.

An increase in prices means that the dollar will buy fewer goods and services than it could previously. A high inflation rate means prices are increasing at a fast pace. The dollar will buy fewer goods, which translates to dollar weakening.

Deflation is the opposite of inflation. It means a general decrease in price in the economy. During deflation times, the dollar gains strengths. It buys more goods and services than in the previous season.

4 0

3 years ago

Why did you leave savannah

Alchen [17]

Answer:

Explanation:

Who’s she ?

7 0

3 years ago

Read 2 more answers

The consumption schedule shows a.that households consume more when interest rates are low. b.that consumption depends primarily

Lelechka [254]

Answer: The consumption schedule shows the amounts households intend to consume at various possible levels of aggregate income.

Explanation: Consumption function, in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future income or wealth, interest rates, age, education, and family size.

A consumption schedule is a table of numbers showing the relation between consumption expenditures and income for the household sector. The income measure commonly used is national income or disposable income. Occasionally a measure of aggregate production, such as gross domestic product, is used instead.

3 0

3 years ago

Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process

Whitepunk [10]

Answer:

Cairle Company

1. The predetermined overhead rate based on direct labor cost is:

= 75% of direct labor cost.

2. August 31 Ending Balances:

Job 70 $7,475

Job 71 $7,960

Job 72 $9,825

Job 73 $8,150

Job 74 $1,350

Job 75 $2,065

Job 76 $384

3. Ending balance of Work in Process, August 31:

= $9,694

4. The cost of goods sold for August = $11,890

5. Sales revenue for August = $14,268

Explanation:

a) Data and Calculations:

Work in process inventory on August 1:

Job 70 Job 71 Job 72 Job 73 Job 74 Job 75 Job 76

Direct materials $1,600 $2,000 $850

Direct labor 1,900 1,300 900

Applied overhead 1,425 975 675

Direct materials $800 $1,235 $3,550 $5,000 $300 $560 $80

Direct labor 1,000 1,400 2,200 1,800 600 860 172

Applied overhead 750 1,050 1,650 1,350 450 645 129

Total costs $7,475 $7,960 $9,825 $8,150 $1,350 $2,065 $384

Work in Process:

Job 71 $7,960

Job 74 1,350

Job 76 384

Total $9,694

Cost of goods sold:

Job 72 $9,825

Job 75 $2,065

Total $11,890

Sales revenue = $14,268 ($11,890 * 1.20)

4 0

3 years ago

Hyu Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of th

Free_Kalibri [48]

Answer:

The predetermined overhead rate for the recently completed year was $25.33

Explanation:

The formula to compute the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

where,

Total estimated manufacturing overhead = Estimated total fixed manufacturing overhead + estimated variable manufacturing overhead rate × estimated labor hours

= $1,230,440 + $3.12 × 55,400 hours

= $1,230,440 + $172,848

= $1,403,288

Now put these values to the above formula

So, the rate would equal to

= $1,403,288 ÷ 55,400 hours

= $25.33

8 0

3 years ago