Answer:
Contractionary
Explanation:
There is no such a thing as Contractionary spending. The only 3 categories used for federal expending are: mandatory spending, discretionary spending and interest on debt.
FIFO means First Come First
Out.
In FIFO Method the Inventory
Comes First are deducted from Inventory First at the time of Sales or transfer
to Production unit. Based on this methodology the Value of Closing Stock will
be :
Value of Closing Inventory =
$ 3400.00
Value of Cost Sold = $7,600 +
$7,200 + $3120 + $3400
Total = $ 21,400
cost of goods sold is $ 21,400
<span> </span>
Answer:
b. Sales, production, direct materials purchases, cash disbursements.
Explanation:
First, you calculate your sales.
Then, the amount produced to fulfill your sales and desired inventory stocks
Based on your production, you can calculate the direct materials purchases
Lastly, with the combination of raw materials purchases, along with other information, you generate the cash disbursements budget
a.- you need to know the production to know how much direct materials do you need. INCORRECT
c.- you can't calculate how much will you pay for the direct materials without knowing how many direct materials are needed. INCORRECT
d.- you need to know the number of sales, to know how much to produce. Else you will be producing without knowing how much do you need. INCORRECT
Missing Part of Question:
The question was missing information. Luckily, I found the question on the internet and I am attaching it here for ease of understanding.
<h2>
Answer:</h2>
In the order of the functions:
1. Bretton Woods Institutions
2. UN
3. GATT
4. WTO
5. GTO or G20
<h2>
Explanation:</h2>
1. The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF).
2. The United Nations is an intergovernmental organization with an objective of maintaining international peace and security.
3. The General Agreement on Tariffs and Trade (GATT) is a treaty between many countries. Its aim is to promote international trade by reducing or eliminating trade barriers like quotas or tariffs.
4. The World Trade Organization is also an intergovernmental organization. Its function is the regulation of international trade among nations.
5. The G20 (i.e. The Group of 20) is an international forum for the governments and central bank governors consisting of 19 countries and the European Union (EU). It focuses on the promotion of international financial stability.
D- While people's wants are unlimited, resources are limited. Economics itself is a study of how to allocate limited resources to satisfy unlimited wants. This emanates from a basic fact of human existence that individuals are<span> never totally satisfied with the quantity and variety of goods and services they consume</span>. Basically, people never acquire enough. They always have something else they need or want. These two problems of limited resources and unlimited wants has afflicted humanity since time immemorial. In fact, war as a human tradition emanated out of the need to satisfy unlimited human wants and needs in a resource limited environment.