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3 years ago

Alex and Becky Fogarty live in Swarthmore, PA. Becky's father, Clancy, lives in Sweden.

Business

1 answer:

RUDIKE [14]3 years ago

4 0

Answer:

1. Becky gets a new video camera made in the United States - consumption (C)

This purchase is included in consumption because Becky, who lives in PA, bought a domestically produced product.

2. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore - government purchases (G)

Government purchases is also known as government spending, and state investment in a highway is a form of government spending.

3. Alex buys a sweater made in Guatemala - imports (M)

Alex is an American who lives in PA, and bought a good made in Guatemala, a foreign country. Thus, his purchase is an import.

4. Becky's father in Sweden orders a bottle of Vermont maple syrup from the producer's website - exports (X)

The father lives in Sweden, and has purchased a good made in America. The good is an export.

5. Alex's employer upgrades all of its computer systems using U.S.-made parts - investment (I)

The employer has made a private investment with the hope of obtaining more economic profit in the future. This is an investment.

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2. On January 2, 2017, heavy equipment costing $800,000 was purchased. The equipment had a life of 5 years and no salvage value.

Naddika [18.5K]

Answer:

The solution to the given problem is done below.

Explanation:

(a) Depreciation

for Financial Depreciation for Temporary

Year Reporting Purposes Tax Purposes Difference

2017 $160,000 $264,000 (104,000)

2018 $160,000 $360,000 (200,000)

2019 $160,000 $120,000 40,000

2020 $160,000 $56,000 104,000

2021 $160,000 0 $160,000

$800,000 $800,000 0

(b) 2018 2019 2020 2021 Total

Future taxable

amounts:

Depreciation $(200,000) $40,000 104,000 $160,000 $104,000

Deferred tax liability: $104,000 × 40% = $41,600 at the end of 2017.

8 0

2 years ago

Norred Corporation has provided the following information: Cost per Unit Cost per Period $ 121,500 $ 44,500 Direct materials Dir

svetoff [14.1K]

Answer:

$134,300

Explanation:

The computation of total manufacturing overhead is shown below:-

Variable manufacturing overhead = Variable manufacturing overhead cost per unit × Units produced

= $1.60 × 8,000

= $12,800

Total Manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead

= $12,800 + $121,500

= $134,300

So, for computing the total manufacturing overhead we simply applied the above formula.

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3 years ago

All of the following were monetary and fiscal policy responses to the Great Recession EXCEPT? (a) Troubled Asset Relief Program

valentinak56 [21]

Answer:

C. Medicare

Explanation:

Medicare is a federal health insurance program that pays for hospital and medical care both for people in the U.S. who are older and for some people with disabilities. Medicare isn't part of the monetary or fiscal policy responses to the Great Recession

7 0

3 years ago

Recording Issuing of Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 94

babymother [125]

Answer:

Work in process = $72,220

Factory Overhead = $1,098

Explanation:

DATA

No. Material Job No. Amount

945 Fiberglass 78 $20,240

946 Plastic 93 $9,890

947 Glue Indirect $1,098

948 Wood 99 $3,622

949 Aluminium 108 $38,468

Required: Amount of materials transferred to Work in Process and Factory Overhead?

Solution

Work in process = sum of all direct material cost

Work in process = $20,240 + $9.890 + $3,622 + $38,468 = $72,220

Factory Overhead = sum of all indirect material cost

Factory Overhead = $1,098

6 0

3 years ago

Werner Brothers, Inc., used the high-low method to derive its cost formula for electrical power cost. According to the cost form

pantera1 [17]

Answer:

C) 2,000 machine hours

Explanation:

5 0

2 years ago