Answer:
Option (b) is correct.
Explanation:
Given that,
Beginning work in process inventory balance = $32,000
Direct materials was placed into production = $54,500
Direct labor = $63,400
Actual manufacturing overhead = $86,500
Jobs costing completed during the year = $225,000
Ending work in process inventory balance:
= Beginning work in process inventory balance + Direct materials was placed into production + Direct labor + Actual manufacturing overhead - Jobs costing completed during the year
= $32,000 + $54,500 + $63,400 + $86,500 - $225,000
= $11,400
Answer:
The correct answer is option c.
Explanation:
An increase in interest rate can be because of an increase in demand for loanable funds or decrease in the supply of loanable funds.
Suppose most businesses decide t modernize and install new equipment. For this, they need to invest more. This will cause an increase in the demand for loanable funds. This increase in demand for loanable funds will be represented by a rightward shift in the demand curve.
This rightward shift will cause the interest rate to increase.
Answer:
Short-run aggregate supply (SRAS)
Explanation:
Suppose that the economy is in long-run equilibrium. A sudden shift in the short-run aggregate supply curve will eventually result in a new long-run equilibrium where the price level is exactly the same as it was initially.
Answer:
FV= $1,254.4
Explanation:
Giving the following information:
Initial investment= $1,000
Number fo years= 2
i= 12% compunded annually
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= present value
FV= 1,000*(1.12^2)
FV= $1,254.4
I believe it’s b..... hope this helps pls tell me if I’m wrong! <3