Answer:
The cost of goods manufactured for the year is: $8,400
Explanation:
The cost of goods manufactured is calculated by using following formula:
The cost of goods manufactured = Finished goods inventory, December 31 + Cost of goods sold - Finished goods inventory, January 1.
Romeo Corporation has Finished goods inventory, January 1 of $2,500 Finished goods inventory, December 31 of $3,300 and Total cost of goods sold of $7,600
The cost of goods manufactured = $3,300 + $7,600 - $2,500 = $8,400
Answer:
Option B. Treasury Stock for $1,200
Explanation:
The reason is that when 1,000 shares which has $2 par value and were issued at $10 per share, the journal entry was:
Dr Cash Account $10,000
Cr Common Stock $2,000
Cr Paid In Capital $8,000
But when 100 shares were repurchased at $12 per share, then the accounting treatment would be
Dr Treasury Stock $1,200
Cr Cash Account $1,200
So the correct option is option B.
Answer:
Refer to the Article Summary. Implementing a negative interest rate policy, as is discussed in the article summary, would be designed to ___lower_____ the price level and ___improve_____ real GDP.
Explanation:
The Fed will consider negative interest rates when it wants to increase borrowing and lending during economic recessions. The effects of a negative interest rate are the reduction of the cost of borrowing economy-wide and the increase of economic activity. The increased economic activity will be achieved through increased investments and increased consumption spending. Thus, banks and consumers are encouraged to lend and borrow more money so that the economy can spend its way out of recession.
Answer:
c. discretionary income.
Explanation:
There are various incomes which are explained below:-
a. Net Income: The income which is calculated after considering all expenses is called gross income.
b. Disposable income: The income which is computed after deducting the tax expenses is known as disposable income. It is not meant for basic necessities that means it considered only tax expenses.
c. Discretionary income: The income which is computed after considering the income, government taxes, other business expenses and day to day expenses is called discretionary income.
d. Gross income: The income which is calculated before considering all expenses is called gross income.
e. Earned income after taxes: The income which is earned after deducting the tax expenses is called earned income after taxes.
In the given situation, the most appropriate option is C.
Answer:
Your answer to your Question is D. economists always agree on solutions to economic problems and have helped solve all major global financial crises.I HOPE I HELPED YOU GIVE ME BRAINLIST PLEASE Thank you have a nice day!
