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3 years ago

If people save more and spend less, the aggregate demand curve shifts to the right.

Business

2 answers:

Elden [556K]3 years ago

7 0

False is the answer!

Elza [17]3 years ago

3 0

Answer:

Its answer is false because the demand curve is a representation of the relationship between the price of a good and the quantity of good that consumers are willing to buy. When graphed, it is usually customary to record the different prices on the vertical axis and the respective quantities demanded on the horizontal axis.

Explanation:

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Which of the following are steps in process costing? Select one: A. Visualize the physical flow of units B. Calculate the equiva

Zielflug [23.3K]

Answer: E. All of the above

Explanation:

In process costing, all of the above are used. Process costing is used for the production of goods that a re homogenous so the cost is the same for all the goods.

First one must visualize the flow of the goods to see the costs they incur at each stage. The equivalent units should then be calculated as this would show the number of units that the cost is being assigned to. Next is to divide the costs incurred by the equivalent units to find the cost per unit. Then calculate the cost of goods manufactured based on the manufactured and ending inventory

3 0

3 years ago

Based on your understanding of the impact of macroeconomic factors, identify which of the following statements are true or false

lawyer [7]

Answer:

True
False
True
True

Explanation:

When an economy has a strong balance sheet and a declining budget deficit, it means that there is less need to borrow from the market which would keep rates lower.

When the economy is weakening, the Fed will try to stimulate it by engaging in actions that weaken short term interest rates so that people and businesses can borrow at lower cost and invest or buy goods and services.

When investors are worried about the riskiness of other financial assets, they usually come to safer assets like U.S. Treasury bonds so that they do not lose money and this is what happened in the credit crisis of 2008. More demand for the bonds led to a rise in their price.

3 0

3 years ago

What is a country that wants to increase its per capita GDP trying to achieve?

GaryK [48]

Answer: B

Explanation: taking the test rn and I got it right

7 0

3 years ago

Management estimates that 1% of the $100,000 of credit sales will be uncollectible. The Allowance for Doubtful Accounts has a $1

Vitek1552 [10]

The Adjustment entry to record the estimated bad debts include debit to Bad Debt Expense of $900 and credit to Allowance for Doubtful Accounts of $900. Thus 2nd and 5th options are correct.

Bad Debt refers to the amount of loan which cannot be recovered. It is an outstanding balance which is irrecoverable. Thus in simply words it means the amount which will not be paid by the customer.

According to the given question, The credit balance is $100 in Allowance for Doubtful Accounts.

The credit sales method a specific percentage of credit sales represent bad debts of the previous period. Thus the difference amount comes under Allowance for Doubtful Accounts.

Journal Entry for the estimated bad debts is as follows:

DR. BAD DEBT EXPENSE $900

To CR. ALLOWANCE FOR DOUBTFUL ACCOUNTS $900

Learn more about Bad Debt here:

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7 0

2 years ago

On July 1, 2019, Pharoah Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $16,000 salva

Assoli18 [71]

Answer:

The journal entry to record the depreciation on December 31, 2019 is:

Debit Depreciation expense $4,000

Credit Accumulated depreciation $4,000

<em>(To record accumulated depreciation on December 31, 2019)</em>

Explanation:

Using a straight-line method (method of allocating the cost of an asset over its useful life after considering the salvage value due to wear and tear), the depreciation is calculated as: (Cost - Residual Value) / Useful life

Depreciation = ($80,000 - $16,000) / 8 years

Depreciation = $8,000 yearly

Since we are just looking for the depreciation on December 31, 2019 (July 1, 2019 - December 31, 2019), it will be $8,000 x 0.5 = $4,000.

From (July 1, 2019 - December 31, 2021), 2.5 years, the accumulated depreciation will be $8,000 x 2.5 years = $20,000, while the net book value of the equipment is $80,000 - $20,000 = $60,000.

New depreciation from 2022 onward is ($60,000 - $5,000) / 7.5 years = $7,333 yearly.

4 0

3 years ago