Raw materials are goods that are for processing which will result in finished products which are for sale.
The raw materials inventory includes the metal of $13,000 and the cloth of $6,000 or a total of $19,000. The $2,000 cleaning supplies do not fall under the classification of raw materials, instead, this falls under prepaid supplies and later reclassified to supplies expense once consumed.
Answer: is Vertical
Explanation:
<em>In the AD-AS framework, the simple Keynesian model includes an aggregate supply curve that </em><em><u>is vertical</u></em><em> once the economy is producing at its Natural Real GDP."</em>
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The GDP is the total value of the final goods and services produced in a country in a certain period.
When the country is at its Natural Real GDP which is also its long term GDP, the Aggregate Supply curve will be vertical. This is because in the long-run, it is assumed that all the inputs are being utilized at their optimal levels and so a change in Aggregate demand will not affect the AS curve.
The AS curve can however be affected by changes in capital, labor, and/ or technology.
The Dodd-Frank bill requires many standardized derivative products to be traded on exchanges and cleared through clearinghouses to reduce the risk of losses
Explanation:
The are many impacts of the Dodd-Frank bill it regulated the financial crisis of the state and they were placed into five groupings: clear losses, clear wins, costly trade offs, unfinished business and too soon to tell. They were created to prevent the future devastation from financial crisis and to prevent from financial crisis
They have improved the financial stability by treating the standardized products to be traded on clearing the houses and to produce the stability in the economic growth and the other factors that hinders the wealth and the status of the country
Answer:
The nominal annual percentage cost of its non-free trade credit, based on a 365-day year is 0.2795%
Explanation:
The computation of the nominal annual percentage is shown below:
= Discount rate ÷ (100 - discount rate) × ({Total number of days ÷ payable days} - discount days)
= 2% ÷ ( 100 - 2%) × (365 days ÷ 65 days - 15 days)
= 2% ÷ (98% × 7.3)
= 2% ÷ 7.154
= 0.2795%
The net purchase amount is irrelevant. hence, this part is ignored