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Goshia [24]
4 years ago
8

. At year-end, Barr Co. had shipped $12,500 of merchandise FOB destination to Lee Co. Which company should include the $12,500 o

f merchandise in transit as part of its year-end inventory? Lee Co. Barr Co. 2. Parris Company has shipped $20,000 of goods to Harlow Co., and Harlow Co. has arranged to sell the goods for Parris. a. Identify the consignor. Harlow Co. Parris Co. b. Identify the consignee. Parris Co. Harlow Co. c. Which company should include any unsold goods as part of its inventory?
Business
1 answer:
irinina [24]4 years ago
4 0

Answer:

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Assume the MPC is 0.625. Assuming only the multiplier effect matters, a decrease in government purchases of $10 billion will shi
expeople1 [14]

Answer: b. left by about $26.7 billion.

Explanation:

The multiplier determines how much government spending affects the aggregagte demand.

Multiplier is:

= 1 / ( 1 - MPC)

= 1 / (1 - 0.625)

= 2.67

The effect on Aggregate demand is:

= Government spending * Multiplier

= -10 billion * 2.67

= -$26.7 billion

Aggregate demand will shift left by $26.7 billion to show that aggregate demand is decreasing.

7 0
3 years ago
The following information relates to Clyde Corporation, which produced and sold 50,000 units during a recent accounting period.
KiRa [710]

Answer:

option $13.30

Explanation:

Data provided in the question:

Units sold = 50,000

Revenue = $850,000

Fixed cost = $210,000

Variable cost = $140,000

Selling and administrative costs:

Fixed = $300,000

Variable = $45,000

Tax rate = 40%

Production and sales for the next accounting period = 40,000

Now,

Total Contribution margin = Revenue - Variable cost

= $850,000 - $140,000 - $45,000

= $665,000

Therefore,

For 40,000 units

Contribution margin per unit

= ( Total contribution margin ) ÷ (Number of units sold )

= $665,000 ÷ 50,000

= $13.30

Note : Contribution margin remains the same in per unit

Hence,

For 40,000 sales the Contribution margin per unit will be option $13.30

3 0
3 years ago
Sumner sold equipment that it uses in its business for $30,800. Sumner bought the equipment a few years ago for $79,600.00 and h
topjm [15]

Answer: $9025 §1231 loss

Explanation:

From the question, we are informed that Sumner sold equipment that it uses in its business for $30,800 and that the equipment was bought a few years ago for $79,600.00 and has claimed $39,775 of depreciation expense.

Assuming this is Sumner's only disposition for the year, the amount and type or character of Sumner's gain or loss goes thus:

The book value of the equipment will be:

= $79600 - $39775

= $39825

Since the equipment is sold for $30,800, the loss will be:

= $39825 - $30800

= $9025

It should be noted that there will be no depreciation recapture because the asset is sold for a loss.

5 0
4 years ago
The moisture content of cocoa liquor is closest to:
Dafna1 [17]
The moisture content of cocoa liquor is closest to the cocoa bean itself. From which it is produced. Contains both cocoa solids and butter equally.The used oc moisture analyzer is to confirm moisture content rather than control it.
8 0
4 years ago
Ace Hauling, Inc., has been transporting industrial tailings for companies around the Minneapolis/St. Paul area for the past dec
natulia [17]

Answer: The correct answer is "b. Ace has done nothing to change its CERCLA liability."

Explanation: CERCLA is the Comprehensive Environmental Response, Compensation and Responsibility Act and was designed to promote cleaning, maintenance and protection of the environment against hazardous waste.

Those responsible for releasing dangerous substances are identified to take care of their cleaning through the superfunds, therefore by creating the new corporation and transferring the assets: Ace has done nothing to change its CERCLA liability.

7 0
4 years ago
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