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4 years ago

Monetarist Theory states that:

Business

1 answer:

Bess [88]4 years ago

5 0

Answer:

The correct answer is (c)

Explanation:

Monetary economists believe that Federal Reserve controls the economic output. The policy Federal Reserve Bank applies determines the economic situation of a country. The Federal Reserve is liable to apply the monetary policy, and that monetary policy moves the country's output. If money supply increases in the economy it can lead to inflation and lower interest rate.

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2 years ago

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The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light manufactures two different prod

Afina-wow [57]

Answer:

Night Lights $ per unit 2.13

Desk Lamps $ per unit 8.50

Explanation:

Determine total number of budgeted direct labour hours for the year

total number of budgeted direct labor hours for the year is calculated

= night lamp labor hours + desk lamp labor hours

= ( 60000 * 1/2 ) + ( 80000 * 2 )

= 30000 + 160000

= 190000

calculated the single plant wide factory overhead rate

factory overhead rate = total factory overhead / total number of budgeted unit

= 807500 / 190000

= 4.25 per labour hour

calculate factory overhead cost per each unit

night lamp = 4.25 * 1/2

= 2.13 per unit

desk lamp = 4.25 * 2

= 8.50 per unit

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4 years ago

On November 1, Bahama National Bank lends $4 million and accepts a six-month, 6% note receivable. Interest is due at maturity. R

UkoKoshka [18]

Answer:

11/01

Dr Notes Receivable 4,000,000

Cr Cash4,000,000

12/31

Dr Interest receivable 40,000

Cr Interest revenue 40,000

Explanation:

Preparation of the journal entry to Record the acceptance of the note and the appropriate adjustmentfor interest revenue at December 31, the end of the reporting period.

11/01

Dr Notes Receivable 4,000,000

Cr Cash 4,000,000

12/31

Dr Interest receivable40,000

Cr Interest revenue 40,000

Calculation for Interest Revenue using this formula

Interest Revenue =Face Amount *Interest Rate *Time Period

Let plug in the formula

Interest Revenue= 4,000,000 x .06 x 2/12

Interest Revenue = 40,000

4 0

4 years ago

Marwick Corporation issues 8%, 5 year bonds with a par value of $1,000,000 and semiannual interest payments. On the issue date,

schepotkina [342]

Answer:

The bond's issue(selling) price is $1,085,308.00

Explanation:

The price of the bond is the present values of the future cash flows discounted to present values.Instead of discounting the coupons an annuity factor was used instead but the par value receivable at maturity was discounted using the discounting factor in the question.

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4 years ago

Ecker Company reports $1,750,000 of net income for 2017 and declares $245,000 of cash dividends on its preferred stock for 2017.

stich3 [128]

Answer:

$1,505,000

Explanation:

Net income is the earning by the business calculated by deducting all the expenses from the revenue for the period. It is the earning which is available to distribute in the stockholders of the business. The preferred dividend must be paid if there is a profit in the period. The residual amount after deducting profit is available of common shareholders.

Net Income = $1,750,000

Preferred Dividend = $245,000

Income available for Common stockholders = Net Income - Preferred dividend

Income available for Common stockholders = $1,750,000 - $245,000

Income available for Common stockholders = $1,505,000

5 0

3 years ago