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3 years ago

Using the supply and demand for loanable funds model, explain why the central bank may aggressively expand the monetary base.

1 answer:

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Answer: This means that there may remain room for an increase in the monetary base to . Finally, we discuss reasons why the expansion of the monetary base at ..A central bank can lower longer-term interest rates even when . small, why does the Bank not aggressively try the “unconventional” policy of purchasing some specific.

Explanation: Central banks affect the quantity of money in circulation by buying or selling government securities through the process known as open market operations (OMO). When a central bank is looking to increase the quantity of money in circulation, it purchases government securities from commercial banks and institutions.

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Property taxes are usually determined based on

xxTIMURxx [149]

Answer;

-Market value of the property

Explanation;

-Property tax or real estate tax is a tax charged on immovable property such as land and structures that are permanently attached to the ground such as a house, building, or land. Therefore; If you own a home, you pay property (real estate) tax directly to your local tax assessor or indirectly with your monthly mortgage payment.

-Personal property tax on the other hand, is an annual tax imposed on movable assets, such as mobile homes, RVs, vehicles, boats, planes, etc. For example, the portion of your vehicle's registration or license fee that's based on the value of the vehicle is considered a personal property tax.

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4 years ago

Read 2 more answers

Jacques lives in Miami and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of thi

KatRina [158]

Explanation:

Remember, Implicit cost refers to cost that do not involve monetary transactions by Jacques, while his Explicit cost includes all forms of direct payments made by Jacques to others while selling his boat.

Therefore, the cost are assigned below:

The $50,000 salary Jacques could earn if he worked as a financial advisor= Implicit Cost
The $15,000 rental income per year Jacques would receive if he chose to rent out his showroom= Implicit
The wholesale cost of $430,000 and utility bills totaling $301,000 cost for the boats that Jacques pays the manufacturer= Explicit Cost

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4 years ago

The following information is available for Aikman Company. January 1, 2022 2022 December 31, 2022 Raw materials inventory $21,00

vodka [1.7K]

Answer:

a. $537,300

b. Aikman Company

Income Statement

For the year ended December 31, 2022

Sales Revenue $910,000

Less: Cost of goods sold

Raw material, beginning 21,000

Add:Purchases 150,000

Raw materials available 171,000

Less: Raw material, end 30,000

Cost of raw material used 141,000

Add: Direct labor 220,000

Prime Cost 361,000

Add: Factory overhead 180,000

Manufacturing cost 541,000

Add: Work in process, beginning 13,500

Less: Work in process, Ending 17,200

Cost of Goods Manufactured 537,300

Add: Finished Goods, beginning 27,000

Less: Finished Goods, Ending 21,000

Cost of Goods Sold 543,300

Gross Profit $366,700

c. Raw materials, ending $30,000

Work in process, ending $17,200

Finished goods, ending $21,000

Total inventory $68,200

d. The difference in the balance sheet and income statement of Aikman Company to Merchandising company is that, Aikman income statement consists of expenses arising from the manufacturing of goods that the merchandising company never incur. In addition to that, Aikman Company has ending inventory of Raw materials, work in process and finished goods while the other merchandising company only has ending inventory of good purchased not yet sold.

Explanation:

a. Aikman's statement of goods manufactured is presented below.

Aikman Company

Statement of Cost of Goods Manufactured

For the year ended December 31, 2022

Raw material, beginning 21,000

Add:Purchases 150,000

Raw materials available 171,000

Less: Raw material, end 30,000

Cost of raw material used 141,000

Add: Direct labor 220,000

Prime Cost 361,000

Add: Factory overhead 180,000

Manufacturing cost 541,000

Add: Work in process, beginning 13,500

Less: Work in process, Ending 17,200

Cost of Goods Manufactured 537,300

b. Income statement of Aikman starts from the sales revenue that the company incurs for the period and then deduct the cost of goods sold to arrive the gross profit.

c. Aikman's inventory balance consists of Raw materials, work in process and finished goods balances.

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4 years ago

Jammer Company uses a perpetual weighted average inventory system and reports the following: August 2 Purchase 17 units at $15.0

defon

Answer:

Weighted-average ending inventory cost= $17.75

Explanation:

First, we need to calculate the total cost of ending inventory:

August 2= 17*15= 255

August 18= 19*13= 247

August 29= (19*13 + 15*15)= (472)

August 31= 22*18= 396

Total ending inventory= $426

Now, the weighted average cost per unit of ending inventory:

Ending inventory in units= 24

Weighted-average ending inventory cost= (426/24)

Weighted-average ending inventory cost= $17.75

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3 years ago

Wilson Tech’s production cost data for the current period is: Beginning work in process inventory: 5,000 units Units transferred

Butoxors [25]

Answer:

16,000 units

Explanation:

The computation of the equivalent units of production for materials is shown below:

= Units transferred out × completion percentage + ending work in process units × completion percentage

= 9,800 units × 100% + 6,200 units × 100%

= 9,800 units + 6,200

= 16,000 units

We simply applied the above formula so that the equivalent units of production for material could arrive

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3 years ago