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3 years ago

1. What was Karl Marx’s basic premise and belief?

1 answer:

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Karl Marx's basic belief was that the working class will start revolution in the most developed capitalistic countries. One of the basic premises of his thinking was maybe expressed in the first sentence of his The Communist Manifesto: "The history of all hitherto existing society is the history of class struggles." He claimed that human societies progress through class struggle: a conflict between an ownership class that controls production and a dispossessed laboring class that provides the labor for production.

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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.

Elodia [21]

Answer:

August 2021:

Total Cost

Aug.1 Inventory on hand—3,200 units; cost $6.50 each. $ 20,800

8 August Purchased 16,000 units for $6.70 each. $ 107200

14 August Sold 12,800 units for $13.20 each. $ 165600

18 August Purchased 9,600 units for $6.80 each. $ 65,280

25 August Sold 11,800 units for $12.20 each. $ 143,960

28 August Purchased 5,200 units for $5.80 each. $ 30,160

31 August Inventory on hand—9,400 units.

FIFO Ending Inventory $58,720

5,200 units for $ 30,160

4,200 units for $6.80 each. $ 28,560

FIFO Cost OF Goods Sold

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 - $58,720= 223,400-$58,720 = $ 164,720

LIFO Ending Inventory $ 62340

3,200 units; cost $6.50 each. $ 20,800

6,200 units for $6.70 each = $ 41540

LIFO Cost OF Goods Sold

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 -$ 62340= 223,400-$ 62340=$ 161,100

Average Cost Ending Inventory = $223,400/ 34,000= 6.570

9,400* 6.570= $ 61,763

Average Cost of Goods Sold = (Total Units - Ending Unit )* 6.57=

= $ 223,380

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4 years ago

Assume that consumers in a nation reduce their marginal propensity to save from 0.25 to 0.2 though their personal incomes initia

umka21 [38]

Answer:

Since the multiplier is now higher than before, this change in MPS will therefore make the real gross domestic product (GDP) to increase.

Explanation:

Old marginal propensity to save = 0.25

Old marginal propensity to consume = 1 - 0.25 = 0.75

Old multiplier = 1 / Old marginal propensity to save = 1 / 0.25 = 4

New marginal propensity to save = 0.20

New marginal propensity to consume = 1 - 0.20 = 0.80

New multiplier = 1 / New marginal propensity to save = 1 / 0.20 = 5

Change in multiplier = New multiplier - Old multiplier = 5 - 4 = 1

Therefore, the decrease in marginal propensity to save (MPS) will increase marginal propensity to consume (MPC) form 0.75 to 0.80 and the multiplier from 4 to 5.

Since the multiplier is now higher than before, this change in MPS will therefore make the real gross domestic product (GDP) to increase.

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3 years ago

Victor Mineli, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depr

rewona [7]

a. Based on the information given the revised depreciation is:

Building $1,250

Warehouse $5,993

b. Debit Depreciation expense $13,375

Credit Accumulated depreciation-Building $13,375

a. Victor Mineli Revised depreciation

Revised depreciation for Building

Building= ($700,000-$129,900-$35,100)/40

Building= $535,000/40

Building=$13,375

Revised depreciation for Warehouse

Warehouse=($115,000-$22,100-$3,000)/15

Warehouse =$89,900/15

Warehouse=$5,993

b. Journal entry

Debit Depreciation expense $13,375

Credit Accumulated depreciation-Building $13,375

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8 0

3 years ago

Bird Corp.'s trademark was licensed to Brian Co. for royalties of 15% of the sales of the trademarked items. Royalties are payab

Romashka-Z-Leto [24]

Answer:

a. $13,000

Explanation:

Calculation for what royalty revenue should be

First step is to find the estimated amount for the second half of the year

Royalties for the second half =

15%*$30,000

Royalties for the second half= $4,500

Now let Compute for the total royalty revenue

Total royalty revenue for 20X5=$8,500+$4,500

Total royalty revenue for 20X5=$13,000

Therefore the royalty revenue should be $13,000

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3 years ago

Terangkan peran sistem pembayaran dalam perekonomian!

Maslowich

Sistem pembayaran nessacary karena tanpa surrency , kita hanya akan memiliki barter , metode yang agak inneffiecient perdagangan .

5 0

4 years ago