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lianna [129]
3 years ago
8

If firms and households form their expectations about inflation by looking at past inflation, this form of expectations formatio

n is known as ________ expectations. Question 41 options: A) perfect B) adaptive C) forward-looking D) rational
Business
1 answer:
eduard3 years ago
6 0

Answer:

B) adaptive

Explanation:

Based on the scenario being described it can be said that this form of expectations formation is known as adaptive expectations. These are expectations formed from a process in which individuals predict what will most likely occur in the future based on the data of what has already happened in the past.

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Archie Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life, with a
k0ka [10]

Answer: $10,000 and $25,000

Explanation:

DEPRECIATION FOR 2022.

Straight line method of depreciation means it depreciates by the same amount every year. You can calculate by

(Cost - Residual Value) / useful life.

=($45,000 - $5,000) / 4

= $10,000.

Each year the framing machine reduces by $10,000 meaning in 2022 the depreciation will be $10,000.

BOOK VALUE AT DECEMBER 31, 2022

We've established that every year the value drops by $10,000.

On December 31, 2021, it dropped by $10,000.

On December 31, 2022, it dropped by another $10,000.

Adding that together gives you 10,000 + 10,000 = $20,000.

$20,000 is the total depreciation at the end of 2022.

Subtract that figure from the cost,

=$45,000-$20,000

=$25,000.

BOOK VALUE ON DECEMBER 31, 2022 is $25,000.

8 0
3 years ago
The ___________ is the only price where quantity demanded is equal to quantity supplied.
zmey [24]
<span>The equilibrium Price.</span>
6 0
3 years ago
Chmelar Manufacturing Company developed the following data: Beginning work in process inventory $ 80,000 Direct materials used 4
Jet001 [13]

Answer:

b. $1,260,000

Explanation:

The computation of the total manufacturing cost is shown below:

= Cost of goods manufactured + ending work in process - beginning work in progress

= $1,280,000 + $60,000 - $80,000

= $1,260,000

We simply add the ending work in progress and deduct the beginning work in progress to the cost of goods manufactured so that the accurate amount can come

7 0
3 years ago
Stone Furniture Store has credit sales of $400,000 in 2008 and a debit balance of $600 in the Allowance for Doubtful Accounts at
AlekseyPX

Answer:

pm jvvjvvjvjvjkbkkvkkbbkkbbjjv

3 0
3 years ago
Sprint allocates general plant management costs on the basis of the number of production employees and plant security costs on t
Westkost [7]

Answer:

a.

General Plant Management Costs

Cost is $100,000

These costs are allocated on the basis of number of production employees.

Melting Department employs 35 workers and Molding employs 40 for a total of 75.

Melting Department = \frac{35}{75} * 100,000

Melting Department = $46,666,67

Molding Department = \frac{40}{75} * 100,000

Molding Department = $53,333.33

Plant Security Costs

Cost is $50,000

These costs are allocated on the basis of space occupied by the production departments.

Melting Department occupies 10,000ft² and Molding occupies 20,000 ft²  for a total of 30,000 ft²

Melting Department = \frac{10,000}{30,000} * 50,000

Melting Department = $16,666,67

Molding Department = \frac{20,000}{30,000} * 50,000

Molding Department = $33,333.33

2. Melting Department

= 110.000 + 46,666.67 + 16,666.67

= $173,333.34

Molding Department

= 400,000 + 53,333.33 + 33,333.33

= $486,666.66

3 0
3 years ago
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