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3 years ago

Complete the following passage concerning macro economics.

Business

1 answer:

e-lub [12.9K]3 years ago

8 0

Answer:1.business cycles 2. an economy's growth rate 3. less 4. aggregate demand-aggregate supply model

Explanation:

One branch of macroeconomics focuses on long-run growth and development, while the other branch focuses on___business cycles_______which are fluctuations in__an economy's growth rate______typically over time periods of five years_ less___ .One model that macro economists use to study these fluctuations, which are called recessions and expansions, is the<u> </u><u>aggregate demand-aggregate supply_</u>_model.

Macroeconomics is defined as that branch of economics which studies the behavior, performance and changes of economic situations as a whole considering the factors of general price level, technology, output, consumption, aggregate demand and supply, unemployment, inflation, recession, savings, investment etc and how these affects national income and best decisions that can improve the national economic growth

The goal of macro economists is to solve problems on the business cycle ( factors the cause short term fluctuations and their effects in national income) and ways to improve long-run economic growth.

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Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each)

kvv77 [185]

Answer:

the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

Explanation:

The computation is shown below

Cost of goods sold is

= (117,000 units - 114,000 units) × $24 + 114,000 units × $29

= 3,000 units × $24 + 114,000 units × $29

= $72,000 + $3,306,000

= $3,378,000

And, the ending inventory is

= (37,000 units - 3,000 units) × $24

= $816,000

Hence, the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

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2 years ago

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3 years ago

Jordan, Inc., holds 75 percent of the outstanding stock of Paxson Corporation. Paxson currently owes Jordan $400,000 for invento

Marat540 [252]

Answer:

Because this is an inter-entity balance then the amount that should be eliminated of this debt is the letter D. all the $400,000.

Explanation:

Inter entity balance facilitates the management of allocations and transfers between entities. They provide a better control over transactions spanning multiple entities, other benefit is that the accuracy of the financial data improves and finally and this is why the anser is option D. is that it keeps each entity in balance

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3 years ago

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 90,000 uni

fgiga [73]

Answer:

100,000 units

Explanation:

The computation of the transferred out units of the process is shown below:

= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 90,000 units × 100% + 10,000 units × 100%

= 90,000 units + 10,000 units

= 100,000 units

All other information which is given is not considered. Hence, ignored it

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3 years ago

Is a measurement of the way suppliers respond to a change in price

KengaRu [80]

Answer:

Elasticity

Explanation:

Elasticity of supply is a measure of the way suppliers respond to a change in price.

Good Luck!

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2 years ago