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3 years ago

Why will the face value of a bill of currency never change?

Business

2 answers:

Softa [21]3 years ago

5 0

I would think A the inflation rates are controlled

adoni [48]3 years ago

3 0

Your answer would be A I think

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What’s an example of Opportunity Costs?

AnnZ [28]

Not being able to do something because of the time and resource and the thing you already did.

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3 years ago

Read 2 more answers

An economy is experiencing a recessionary gap. The government can ______.

Jobisdone [24]

Answer:

Increase expenditure or cut taxes to increase aggregate demand.

Explanation:

A recessionary gap is a macroeconomic term which portrays an economy working at a level underneath its full-employment equilibrium. Under a recessionary gap condition, the degree of real gross domestic product (GDP) is lower than the degree of full employment, which puts descending pressure on prices over the long haul.

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3 years ago

Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for Feb

Law Incorporation [45]

Answer:

Purchases for February would be: $46,500

Explanation:

Prepare a Purchases Budget to find the Purchases for February.

Purchases Budget for February

Budgeted Cost of Sales $45,000

Add Budgeted Closing Inventory ($45,000 × 30%) $13,500

$58,500

Less Budgeted Opening Inventory ($12,000)

Budgeted Purchases $46,500

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3 years ago

Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the less

Nina [5.8K]

Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the lessee is Earth Movers, Inc. A lessee is the person who rents land or property from a lessor. A lessor on the other hand is A lessor is the party who rents property to another party. Bram is the lessor in this situation.

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3 years ago

Inventory information for Part 311 of Whispering Corp. discloses the following information for the month of June.

bearhunter [10]

Answer:

FIFO: ending inventory: $9,528 COGS: $ 14,452

LIFO: ending inventory: $ 8,422 COGS: $ 15,558 (periodic)

LIFO: ending inventory $ 9,035 COGS ·$ 14,945 (perpetual)

Explanation:

June 1 Balance 304 units @ $13 3, 952

June 11 Purchased 804 units @ $15 12,060

June 20 Purchased 498 units @ $16 7, 968

Tota units 1,606 Cost available: 23,980

June 10 Sold 205 units @ $30

June 15 Sold 504 units @ $32

June 27 Sold 295 units @ $34

Total units: 1,004 units

Ending Inventory units: 1,606 - 1,004 = 602

FIFO:

first units are sold while last are ending inventory.

As we always pick from chronological order is the same under perpetual or periodic method.

Ending Inventory: 602 units

June 20 Purchased 498 units @ $16 7, 968 (602 - 498 = 104)

June 11 Purchased 104 units @ $15 1, 560

Total: 9,528

COGS: Difference between cost available and ending inventory:

23,980 - 9,528 = 14,452

LIFO:

first units are part of ending inventory. As the units aren't picked in chronological order the values cahnges under perpetual and periodic method.

periodic ending inventory:

June 1 Balance 304 units @ $13 3, 952 (602 - 304 = 298)

June 11 Purchased 298 units @ $15 4,470

Total 8,422

COGS: 23,980 - 8,422 = 15,558

perpetual method:

Inventory after 1st sale: 304 - 205 = 99 units at 13

Inventory after 2nd sale.

99 untis at 13

804-504 = 300 units at 15

Inventory after 3rd sale.

99 untis at 13 1,287

300 units at 15 4,500

498 - 295 = 203 units at 16 3,248

ending inventory: 9,035

COGS: 23,980 - 9,035 = 14,945

8 0

3 years ago