Answer: B. Foreign cars become more expensive.
Explanation: The tariff slapped on imported goods such as cars and other foreign commodities will raise the overall cost of the product on the side of the seller and definitely the final selling price of such product to the consumers. This is used to raise revenue for the government and also to encourage the manufacture, adoption and support for locally manufactured products. Locally manufactured substitute will tend to be cheaper and the additional tariff may put importers and consumers off, and hence settle for cheaper locally made alternative.
Answer: Keynesian economic theory
Explanation: Keynesian analysis says the rise in aggregate demand will ___boost growth _____ Keynesians believe consumer demand is the primary driving force in an economy. while the neoclassical model predicts ____looked at labor contracts as sources of wage stickiness to generate equilibrium models of unemployment.____ in the long run.
Answer:
a. Transactions are posted to the general ledger.
Explanation:
Accounting cycle is an arrangement of accounting procedure in a systematic order during the accounting year for each accounting information.
The first step in accounting cycle is to analyze the given date and classify them accordingly, after which the transaction will be journalized. The next step is to Post transactions to the general ledger. Next is to prepare trial balance(unadjusted) and then record the adjusting entries. After this step, the adjusted trial balance is then prepared before preparing the financial statement and then record the closing entries.
Answer:
Equivalent units:
Direct Materials: 85
Conversion Costs: 75
Explanation:
Hey there!
You must calculate equivalent units. Let's assume we have no opening inventory and that we start the porduction of 100 units. Also no units are completed in this period.
Equivalent Units
Physical Direct Conversion
Units Materials Costs
Work in process, beginning 0
Started during current period 100
To account for 100
Work in process, ending 100
(100 × 85% respect to materials;
100 × 75% respecto to conversion costs) 85 75
Equivalent units of work done in current period 85 75
Because 75% of conversion costs incurred on 100 incomplete units could have been incurred to make 75 (0.75 x 100) complete units by the end of the month. That is, if all the conversion-cost input in the 100 units in inventory had been used to make completed output units, the company would have produced 75 completed units (also called equivalent units) of output.
The same reasoning can be done using direct materials.
Answer:
d.merchandise inventory: 6,300 debit
accounts payable: 6,300 credit
Explanation:
The journal entry to record the purchase of merchandise made on the account is shown below:
Merchandise inventory A/c Dr $6,300
To Account payable A/c $6,300
(Being the purchase and the freight is recorded)
The computation is shown below:
= Purchase value of merchandise + freight charges
= $6,000 + $300
= $6,300