Choose the best title for the following paragraph:

Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate

Over [174]

Answer:

A. The Supply Curve shifts Right.

As American Producers are paying less in dollar terms, their costs of production will reduce. The reduction in Cost of Production will spur producers to produce even more because inputs are cheaper and more will be bought and processed and so the Supply will increase and shift the Supply Curve left.

B. Aggregate Demand Curve shifts Right.

As a result of more money being in the Economy, more people will want to lend out the excess cash they have to earn some interest on it. This will reduce the cost of borrowing and will therefore spur people to borrow more to be able to afford things they want. With the people having more money, they will buy more things therefore upping Demand. The Demand Curve will shift to the Right as a result.

C. Supply Curve shifts Left

Wages are an input into Production. Should they increase that would mean that the cost of Production has risen as well for Producers. They will respond by reducing the amount of goods they produce so as to maintain Profitability and reduce those costs. This will cut supply and shift the Supply Curve to the left.

D. Movement along Short Run Aggregate Demand Curve

Aggregate Demand Curve is constructed based on the demand of the Economy at different prices levels. Should the Price Level decrease it is simply a movement along the Aggregate Demand Curve.

4 0

3 years ago

The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000, divided into four activities:

Gnesinka [82]

Answer:

Bardot Marine Company

a. Activity rates for each activity:

Fabrication = $40.80/dlh

Assembly = $26.25/dlh

Setup = $222.86/dlh

Inspection = $51.92/dlh

b. The activity based factory overhead per unit for each product:

Speed Bass

Boats Boats

Factory Overhead per unit $927.25 $1472.70

Explanation:

a) Data and Calculations:

Activities Budgeted Speed Bass

Overheads Boats Boats Total Activity rates

Fabrication $204,000 2,000 dlh 3,000 dlh 5,000 dlh $40.80/dlh

Assembly $105,000 1,000 dlh 3,000 dlh 4,000 dlh $26.25/dlh

Setup $156,000 300 dlh 400 dlh 700 dlh $222.86/dlh

Inspection $135,000 1,100 dlh 1,500 dlh 2,600 dlh $51.92/dlh

Total costs $600,000

Units budgeted 250 250 500 units

Speed Bass

Boats Boats

Fabrication = $40.80/dlh $81,600 $122,400

Assembly = $26.25/dlh 26,250 78,750

Setup = $222.86/dlh 66,850 89,144

Inspection = $51.92/dlh 57,112 77,880

Total assigned costs $231,812 $368,174

Units budgeted 250 250

Overhead per unit $927.25 $1472.70

5 0

3 years ago

What are the two most popular ways people make networking contacts?

Semmy [17]

Answer:

Explanation:

Every contact you meet should lead you to new contacts. That's why it's called networking – just like a net, every connection leads off in two or more directions. Your contacts fall into two groups: those who you immediately know might be able to help you, and those who you don't see any point in talking to.

5 0

2 years ago

The composition of the Fingroup Fund portfolio is as follows:_________.

exis [7]

Answer: $10.49

Explanation:

Net Asset Value is the equity of the portfolio divided by the number of shares outstanding.

Equity = Assets - Liabilities

So,

Net Asset Value = (Assets - Liabilities) / No. of shares outstanding

Assets = (200,000 * 35) + (300,000 * 40) + (400,000 * 20) + (600,000 * 25)

= $42,000,000

Liabilities will be the accrued management fee.

Net Asset Value = (42,000,000 - 30,000) / 4,000,000

= 10.4925

= $10.49

6 0

3 years ago

Sorter Company purchased equipment for $120,000 on January 2, 2019. The equipment has an estimated service life of 8 years and a

AURORKA [14]

Answer:

$13,500

$24,000

$30,000

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($120,000 - $12,000) / 8 = $13,500

the depreciation expense each year would be $13500

b. Sum-of-the-year digits = (remaining useful life / sum of the years ) x (Cost of asset - Salvage value)

Sum of the years = 1 +2 +3 +4 + 5 + 6 + 7 + 8 = 36

Remaining useful life = 8

(8/36) x ($120,000 - $12,000) = $24,000

c. Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/8 = 0.25

0.25 x $120,000 = $30,000

4 0

3 years ago