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3 years ago

What happens to the money supply during inflation? *

1 answer:

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The link between Money Supply and Inflation. ... Increasing the money supply faster than the growth in real output will cause inflation. The reason is that there is more money chasing the same number of goods. Therefore, the increase in monetary demand causes firms to put up prices.

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Assume that Solo Company commenced operations on January 1, 2006, and it was granted permission to use the same depreciation cal

Musya8 [376]

Answer: c. The firm's cash position in 2006 and 2007 would increase.

Explanation:

Depreciation expense is heavily dependent on the useful life of the asset. The longer the useful life, the smaller the depreciation expense because the equipment is being depreciated over a longer period.

If the useful life is reduced from 15 to 10 years therefore, the depreciation expense would increase.

The Cash position of a company is calculated by adding back the depreciation to the Net income after taxes are paid because depreciation is not a cash expense.

If the depreciation is now larger (which it is) and is added back to the Net income, the cash position will therefore increase.

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2 years ago

In recent years the cost of producing organic produce in the United States has decreased largely due technological advancement.

Harrizon [31]

Answer:

The correct answer is option D.

Explanation:

Suppose technological advancement has helped in decreasing the cost of producing organic produce. This means that the farmers can now produce more at the same cost. As a result, the supply of organic produce will increase. This will cause a rightward shift in the supply curve.

At the same time, the demand for organic produce has increased. This will lead to a rightward shift in the demand curve.

The rightward shift in both demand and supply curve will lead to an increase in the equilibrium quantity. The change in the price level depends on the extent of the change in demand and supply.

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3 years ago

Diversity is more than recruiting and keeping minorities. Diversity means appreciating and understanding other differences in ou

Kruka [31]

Answer:

The correct answer is: disabilities, sexual orientation, religious preferences, and even personality differences such as extroverts and introverts.

Explanation:

Diversity refers to the difference, the existence of the variety or the abundance of things of different characteristics. The term comes from the Latin language, from the word "diversitas".

The concept of diversity is applicable in many and of the most different cases, for example it can be applied to the different living organisms, to the different ways of applying techniques, to the diversity of individual choices, among others. Below we explain some forms of diversity.

There are different types of diversity:

Biodiversity or biodiversity.

Cultural diversity.

Sexual diversity

Functional diversity.

Ethnic diversity.

Linguistic diversity.

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3 years ago

Read 2 more answers

How can the use of new technology in industry benefit the US government

ahrayia [7]

Answer:they can track things

Explanation: if they need info all they need to do is hack

8 0

3 years ago

Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system

xz_007 [3.2K]

Answer:

Phillips Corporation

a = 9,050 beginning balance Raw Materials

b = 36,660 beginning balance WIP

c = 15,650 direct materials

d = 6,825 Overhead applied

e = 13,500 Ending balance WIP

f = 5,500 beginning balance Finished Goods

g = 54,625 Completed jobs

h = 4,300 ending balance Finished Goods

i = 9,100 wages assigned

j = d

k = 3,125 indirect labor

l = 1,145 Underapplied overhead

m = 55,825 cost of goods sold

Explanation:

a) Data and Analysis:

1. Jobs in process:

Job No. 154 and Job No. 155

Combined direct materials costs $9,950

Combined direct labor costs 15,200

Overhead applied (75%) 11,400

Total work in process, beginning $36,550

2. Jobs started in December:

Job Nos. 156, 157, and 158

Direct materials $4,400

Direct labor 5,200

Overhead applied (75%) 3,900

Total work in process $13,500

Beginning work in process = $36,550

Ending work in process = $13,500

Beginning Finished Goods Inventory: Job 153 $5,500

Ending Finished Goods Inventory: Job 157 $4,300

Raw Materials Inventory

Dec. 1 Beginning balance 9,050 (a)

Dec. 31 Requisitions 18,950

Dec. 31 Purchases 18,025

Dec. 31 Ending balance 8,125

Total 27,075 27,075

a = $9,050 (27,075 - $18,025)

Work in Process Inventory

Dec. 1 Beginning balance $36,550 b.

Dec. 31 Jobs completed 54,625 (g)

Dec. 31 Direct materials 15,650 c.

Dec. 31 Direct labor 9,100

Dec. 31 Overhead 6,825 d.

Dec. 31 Ending balance 13,500 e.

Finished Goods Inventory

Dec. 1 Beginning balance 5,500 f

Dec. 31 Cost of goods sold 55,825 (m)

Dec. 31 Completed jobs 54,625 g.

g. Dec. 31 Ending balance 4,300 h

Factory Labor

Dec. 31 Factory wages 12,225

Dec. 31 Wages assigned 9,100

Dec. 31 Overhead 3,125

Manufacturing Overhead

Dec. 31 Indirect materials 3,300

Dec. 31 Overhead applied 6,825 d.

Dec. 31 Indirect labor 3,125 k.

Dec. 31 Other overhead 1,545

Dec. 31 Underapplied overhead 1,145

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2 years ago