Answer:
Jeans= 200 units
Shirt= 200 units
Explanation:
<u>To calculate the break-even point in units, we need to use the following formula:</u>
<u></u>
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)
Weighted average contribution margin= (22*0.5 + 27*0.5) - (14*0.5 + 19*0.5)
Weighted average contribution margin= 8
Break-even point (units)= 3,200/8
Break-even point (units)= 400 units
Jeans= 0.5*400= 200 units
Shirt= 0.5*400= 200 units
Answer:
Sky Mountain's adjusting entry four months later at December 31 would include:
Debit Interest expense $1,080
Credit Interest Payable $1,080
Explanation:
Sky Mountain Co. borrowed $54,000 on a 6% note payable to Coast National Bank.
The amount of interest for 1 year = $54,000 x 6% = $3,240
The amount of interest for 1 month = $3,240/12 = $270
From September 1 to December 31, in Sky Mountain Co.
The amount of interest expense = $270 x 4 = $1,080
Sky Mountain's adjusting entry at December 31:
Debit Interest expense $1,080
Credit Interest Payable $1,080
The Fed followed far more expansionary policy in the early 2000s than the Taylor rule suggested because the economy in the following way
Explanation:
1.The Fed acts as a lender of last resort—lending to banks and financial institutions of other nations when no one else will. When households cannot obtain credit from banks, they can get credit directly from the Fed. Thus, the Fed's role as a lender of last resort helps households when no one else will.
2.The U.S. central banking system—the Federal Reserve, or the Fed—has come under heightened focus in the wake of the 2007–2009 global financial crisis, as its role in setting economic policy has dramatically expanded.
Post-crisis, the Fed faced scrutiny for its unorthodox monetary policy, known as quantitative easing (QE), which helped sustain the recovery but ballooned the Fed’s total assets from $869 billion in 2007 to nearly $4.5 trillion in 2017. At the same time, the 2010 Dodd-Frank financial reform redefined the central bank’s responsibility for evaluating the health of the nation’s financial system.
3.Since 2015, the Fed has focused on returning to a more normalized monetary policy. Former Fed Chair Janet Yellen oversaw rising rates throughout 2016 and 2017 and announced the end of QE, a process known as tapering. President Donald J. Trump broke with precedent in 2018 by replacing Yellen with businessman and sitting Fed Governor Jerome Powell, the first non-economist to hold the post since the 1970s. Powell has supported Yellen’s approach to unwinding the Fed’s unorthodox policies, and he continued to raise interest rates despite pushback from President Trump.
A $150 debit to office equipment was entered into the account as a $150 credit. This error caused the trial balance to be out of balance by <u>300</u>.
A trial balance is a list of all the general ledger bills contained in the ledger of a business. This listing will incorporate the call of every nominal ledger account and the fee of that nominal ledger stability. Every nominal ledger account will preserve either debit stability or credit stability.
A trial balance includes a listing of all popular ledger account totals. each account needs to include an account quantity, a description of the account, and its very last debit/credit score balance. Further, it ought to nation the final date of the accounting length for which the record is created.
The cause of a trial balance is to make sure that every entry made into an employer's well-known ledger is properly balanced. A trial balance lists the finishing stability in each popular ledger account. The total dollar amount of the debits and credits in each accounting access are purported to match.
Learn more about trial balance here brainly.com/question/24217989
#SPJ4