What is not an example of money?

Assume the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans becaus

seropon [69]

Answer: Cyclical asymmetry

Explanation:

In economics, Cyclical asymmetry is defined as

A value that represents a large imbalance in economic factors due to genuine cyclical reactions by a country or market.

It includes employment rates, interest rates, debt retention, bond strengths, or stock market imbalances.

If we assume the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans because economic conditions are bad.

Since this happens due to the cyclical reaction of the government.

This means that,

This situation is a problem of cyclical asymmetry.

8 0

3 years ago

Brighton, Inc., manufactures kitchen tiles. The company recently expanded, and the controller believes that it will need to borr

Igoryamba

Answer:

Brighton, Inc.

a) Schedules Computing Inventory Budgets by months

a1) for Production:

April May June Total

Beginning Inventory 120,000 100,000 120,000 120,000

Units Produced 500,000 500,000 500,000 1,500,000

Inventory available 620,000 600,000 620,000 1,620,000

Less Ending Inventory 100,000 120,000 120,000 120,000

Units sold 520,000 480,000 500,000 1,500,000

a2) Raw Materials Purchases in pounds

April May

Ending inventory 50,000 50,000

Raw materials required 125,000 125,000

Raw materials available 175,000 175,000

Beginning Inventory 58,000 50,000

Purchases 117,000 125,000

Purchases value $4 per pound $468,000 $500,000

b) Projected Income Statement for May:

Net Sales $1,970,000

Cost of goods sold:

Finished Beginning Inventory $480,000

Cost of production 1,460,000

less closing inventory 480,000 $1,460,000

Gross profit $510,000

Selling expenses $200,000

Administrative expenses 155,000 $355,000

Net Income $155,000

Explanation:

a) Sales = $2,000,000

less cash discounts (1%) ($20,000)

less bad debts expense (0.5%) ($10,000)

Net Sales = $1,970,000

c) Sales Budget

April May June July Total

Sales units 600,000 500,000 600,000 600,000 2,300,000

Sales value$2,400,000 $2,000,000 $2,400,000 $2,400,000$9,200,000

d) Cost of Production:

May

Cost of raw materials used $500,000

Labor 390,000

Variable overhead 180,000

Fixed overhead 390,000

Total $1,460,000

e) Budgets are financial tools to forecast an entity's projections for sales, production, expenses, and cash balances. They help to anticipate developments ahead of time in order to plan for them and to prepare for unanticipated occurrences.

4 0

3 years ago

Assume that Beaver uses the periodic system, and the end of period ending inventory for January is 110 units. a. Prepare all nec

aleksandr82 [10.1K]

Answer:

Part 1 a

jan 4

Debit ; Accounts Receivable (80 x $8.00) $640

Credit : Revenue $640

jan 11

Debit ; Purchases (150 x $6) $900

Credit : Accounts Payable $900

jan 13

Debit ; Accounts Receivable (120 x $8.75) $1,050

Credit : Revenue $1,050

jan 20

Debit ; Purchases (160 x $7) $1,120

Credit : Accounts Payable $1,120

jan 27

Debit ; Accounts Receivable (100 x $9.00) $900

Credit : Revenue $900

jan 31

Debit ; Cost of Sales (100 x $5 + 150 x $6 + 160 x $7) $2,520

Credit : Inventory $2,520

Part 1 b

Gross Profit = Sales - Cost of Sales

Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590

Cost of Sales = (100 x $5 + 150 x $6 + 160 x $7) = $2,520

Therefore,

Gross Profit = $2,590 - $2,520

= $70

Part 2 a

jan 4

Debit ; Accounts Receivable (80 x $8.00) $640

Debit : Cost of Sales (80 x $5.00) $400

Credit : Revenue (80 x $8.00) $640

Credit : Inventory (80 x $5.00) $400

jan 11

Debit ; Purchases (150 x $6) $900

Credit : Accounts Payable $900

jan 13

Debit ; Accounts Receivable (120 x $8.75) $1,050

Debit : Cost of Sales (20 x $5.00 + 100 x $6) $700

Credit : Revenue (120 x $8.75) $1,050

Credit : Inventory (20 x $5.00 + 100 x $6) $700

jan 20

Debit ; Purchases (160 x $7) $1,120

Credit : Accounts Payable $1,120

jan 27

Debit ; Accounts Receivable (100 x $9.00) $900

Debit : Cost of Sales (50 x $6.00 + 50 x $7) $650

Credit : Revenue (100 x $9.00) $900

Credit : Inventory (50 x $6.00 + 50 x $7) $650

Part 2 b

Gross Profit = Sales - Cost of Sales

Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590

Cost of Sales = ($400 + $700 + $650) = $1,750

Therefore,

Gross Profit = $2,590 - $1,750

= $840

Explanation:

Hie, see the attached the full question as images below

Part 1

Note that the question in this part requires us to use the Periodic Inventory System. In Periodic Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the end of the Period, in this case at the end of the month of January.

Part 2

Again it is important to note that the question in this part requires us to use the Perpetual Inventory System. In Perpetual Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the after each and every transaction made.

Overall Comment

The Company use of FIFO should be considered in both the Periodic Inventory System in Part 1 and Perpetual Inventory System in Part 2. FIFO method assumes that the first goods received by the business will be the first ones to be delivered to the final customer.

That said, Cost of Sales for Part 1 are determined and recognized at the end of the period and Cost of Sales for Part 2 are determined and recognized after every sale transaction made

4 0

3 years ago

Which individual is a producer?

Ronch [10]

Answer:

To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.

Hope this helps!

7 0

3 years ago

Read 2 more answers

Which of the following would be considered acts of violence?

balu736 [363]

Answer:

I thinks that all of them will be considers as acts of violence ( not sure about intimidation but I guess it will also counts?

5 0

3 years ago

Read 2 more answers