Answer:
C) An increase in imports into the United States and a decrease in exports to Canada, which will cause a decrease in aggregate demand and real GDP.
Explanation:
This is because an appreciation in dollar increases the price of computers for Canada which are purchased via USD. This reduces the Canadian demand for computers. This also means that as USD is now stronger they can buy Canadian products as cheaper. This then increases the imports in to the USA and decreases the exports.
As the exports have fallen and more American demand is for the imports, aggregate demand and GDP which is associated with locally produced goods - falls.
Hope that helps.
Answer:
C. Credit to Cost Of Goods Sold
Explanation:
Over allocation refers to the scenario of assigning more than actual manufacturing overhead costs. This means profits would be understated in such a scenario and costs overstated.
The journal entry for adjustment of overallocated manufacturing overheads is:
Manufacturing Overheads A/C Dr.
To Cost Of Goods Sold A/C
(Being rectification entry for over allocated manufacturing overheads recorded)
Cost of Goods Sold is an expense and expenses are debited. A credit to such an account reduces it's balance as in the case above.
Closing costs are fees paid at closing by either party who are buying a house.
Answer:
Correct option is
B
as the consumption of a given product rises, the added benefit eventually diminishes
Law of diminishing marginal utility is based on psychological law that as more and more units of a commodity is consumed, marginal utility derived from every successive unit will decline in respect to all goods with a few exception.
Explanation:
Hope's it helps you