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3 years ago

If the economy is at equilibrium above potential output, there is a(n) _ gap, and _ fiscal policy is appropriate

1 answer:

5 0

If the economy is at equilibrium above potential output, there is an inflationary gap, and contractionary fiscal policy is appropriate.

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List the four ways to become a business owner

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1. Start your own business2. Take over a family-owned business3. Buy a franchise4. Buy an existing operating business.

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3 years ago

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Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing depar

olya-2409 [2.1K]

Answer:

Ice Cream Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.30.

Explanation:

a) Data and Calculations:

Units Materials Conversion

Beginning work in process 2,400 $ 14,500 $ 6,600

Percentage of completion

Beginning work in process 75% 20%

Started into production 11,100

Units in production 13,500

Completed and transferred 10,000

Ending work in process 3,500 90% 30%

Costs added during the month $173,600 $243,600

Total costs of production

Beginning work in process $ 14,500 $ 6,600

Costs added during the month 173,600 243,600

Total costs of production $188,100 $250,200

Equivalent units of production:

Completed and transferred 10,000 10,000 (100%) 10,000 (100%)

Ending work in process 3,500 3,150 (90%) 1,050 (30%)

Equivalent units of production 13,150 11,050

Cost per equivalent unit:

Total costs of production $188,100 $250,200

Equivalent units of production 13,150 11,050

Cost per equivalent unit $14.30 $22.64

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3 years ago

which type of classroom enables students to attend lectures without being physically present with the teacher

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An online classroom allows you to do it without physically being there

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3 years ago

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Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indente

Crazy boy [7]

Answer:

The following are the adjusting entries and the amounts entered are supposed and imaginary.

Explanation:

Date Account Titles and Explanation Debit Credit

Mar. 31 Supplies Expense Dr 10,000

Supplies Account Cr 10,000

When supplies are expensed out. If supplies have a balance of 30000 and 10000 is used up.

Mar. 31 Depreciation Expense Dr 5000

Accumulated Depreciation Cr 5000

Depreciation expense amounts to 5000 for the current year

Mar. 31 Unearned Service Revenue Dr 3000

Service Revenue Cr 3000

Unearned Service Revenue is a liability of the person or company.

Mar 31. Salaries and Wages Expenses Dr 2000

Cash Cr 2000

Slaries and wages paid in full by cash to 2000

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3 years ago

3. A company manufactures two types of products: A and B. Three resources R1, R2, and R3 are required to make these products. a.

mojhsa [17]

Answer:

(i)The units of production of Product A and B (x and y) are the decision variables

(ii)Objective is to maximize profit

(iii)Objective function, Max P=20x+50y

(iv)The Contraints are:

8x+2y $\leq$ 500....(i)

2x+5y $\leq$ 400.......(ii)

3y $\leq$ 180

x>0, y>0

Explanation:

Let the number of Product A=x

Let the number of Product B=y

Each unit of product A requires 8 units of R1 and 4 units of R2.

Each unit of product B requires 2 units of R1, 5 units of R2, and 3 units of R3

The availabilities of resources R1, R2, and R3 are 500, 400, and 180

Since R1 $\leq$ 500,

Product A requires 8 units of R1 per production unit

Product B requires 2 units of R1 per production unit

Total Unit of R1 possible is given by the inequality: 8x+2y $\leq$ 500....(i)

Since R2 $\leq$ 400,

Product A requires 2 units of R2 per production unit

Product B requires 5 units of R2 per production unit

Total Unit of R2 possible is given by the inequality: 2x+5y $\leq$ 400....(ii)

Since R3 $\leq$ 180,

Product B requires 3 units of R2 per production unit

Total Unit of R2 possible is given by the inequality: 3y $\leq$ 180....(iii)

Since the manufacturer also makes a profit of $20 and $50 for products A and B, our objective is to maximize profit

Therefore: Objective function, Max P=20x+50y ......(iv)

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3 years ago

If the economy is at equilibrium above potential output, there is a(n) _____ gap, and _____ fiscal policy is appropriate

If the economy is at equilibrium above potential output, there is a(n) _ gap, and _ fiscal policy is appropriate