If the price level in the united states increases relative to other countries, then the united states will export (A) fewer goods and services.
<h3>
What is a price level?</h3>
- The price level is the average of current prices throughout an economy's whole range of goods and services.
- In broader words, the price level refers to the cost or price of a good, service, or security in the economy.
- A price index is used by economists to measure the price level.
- A price index is a figure that indicates changes in the average level of prices.
- If a price index increases by 10%, it signifies that the average level of prices has increased by 10%.
- This price level for a basket of items can be thought of as a general price index that includes numerous goods and services in the country.
- As an example, if the price level in the United States rises in comparison to other countries, the country will export fewer goods and services.
Therefore, if the price level in the united states increases relative to other countries, then the united states will export (A) fewer goods and services.
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The correct question is given below:
If the price level in the united states increases relative to other countries, then the united states will EXPORT what?
(A) export fewer goods and services
(B) the same amount of goods and services
(C) more goods and services
Answer:
a. $28,836
Explanation:
Total Material Moves (300 + 900) 1200
Rate per material move (38488/1200) 32.07333333
Allocated material moves for material handling
wall mirrors (38488/1200*300) 9622
Speciality windows (38488/1200*900) 28866
38488
Therefore, The material handling cost allocated to the speciality windows is closest to $28,836.
Answer:
Journal entry
31 December Debit Inventory write_down (loss) 1550, Credit inventory 1550
Explanation:
Inventory is accounted for at the lower of cost or net realizable value. inventory write_ down is impairment a loss to the organisation
there can never be a gain when revaluing inventory, either it remains at cost or goes down with NRV
cost market write down
closing inventory calculation
Alligator ( 70 units) 3220 2870 350
Bear (85 units) 6800 6800 0
Cougar ( 10 units) 900 920 0
Dingo ( 35 units) 1225 1225 0
Elephant ( 400 units ) 6000 4800 1200
<u> 18145</u> <u>16615</u> <u>1550</u>
COUGAR has a high market value so we value it at cost because it is the lower of the two.
Answer:
Effect on income= $6,000 increase
Explanation:
<u>Because there is an unused capacity and it is a special order, we will not take into account the fixed costs.</u>
Effect on income= total contribution margin
Unitary variable cost= 8 + 10 + 4= $22
Effect on income= 1,000*(28 - 22)
Effect on income= $6,000 increase
Answer:
I am not sure what this means