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4 years ago

In the long run:

Business

1 answer:

blagie [28]4 years ago

6 0

Answer: Option (b) is correct.

Explanation:

According to the economists, there will be no trade-off between the inflation and the unemployment in the long run.

We all know that Philips curve represents the inverse relationship between the inflation and unemployment in the short run.

The vertical line at the natural rate of unemployment in the Philips diagram represents the long run Philips curve. This curve shows that there is no relationship between inflation and unemployment.

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The question "do you think someone around here might be justified in making a secret arrangement with one of the company's vendo

katen-ka-za [31]

<span>This would be a question in an assessment interview. The company is trying to gather information about the interviewees personality. This same question might also show up on a motivation questionnaire or in an interview where the person conducting the interview is trying to assess a person's situational judgement on particular matters that may impact the company.</span>

8 0

3 years ago

Sparty Corporation has provided the following information for its most recent year of operation:

Wewaii [24]

Answer:

E. $40,600

Explanation:

Calculation for the amount of net income reported on Sparty's income statement

Revenue $97,000

Less: Operating Expenses $39,000

Profit Before Tax $58,000

(97,000-39,000)

Less Taxes $17,400

Net Income $40,600

($58,000-$17,400)

Therefore the amount of net income reported on Sparty's income statement will be $40,600

7 0

3 years ago

The owners equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. the owner

natta225 [31]

Net income = revenue - expenses.

The revenue was $100,000 + $19,000 = $119,000
Expenses was $56,000

$119,000 - $56,000 = $63,000

The net income is $63,000.

4 0

3 years ago

June 1 Stockholders invested $21,800 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries fo

True [87]

Answer:

June 1st

Cash 21,800 debit

Common Stock 21,800 credit

June 2nd

Van-automobile 14,200 debit

Cash 4,000 credit

Note payable 10,200 credit

June 3rd

Rent expense 400 debit

Cash 400 credit

June 5th

Accounts receivables 5,200 debit

Sales Revenue 5,200 credit

June 9th

Dividends 300 debit

Cash 300 credit

June 12th

Supplies 200 debit

Accounts Payable 200 credit

June 15th

Cash 1,400 debit

Accounts receivables 1,400

June 17th

Gasoline expense 200 debit

Accounts Payable 200 credit

June 20th

Cash 1,300 debit

Service Revenue 1,300 credit

June 23th

Note payable 600 debit

Cash 600 credit

June 26th

utilities expense 350 debit

cash 350 credit

June 29th

accounts payable 200 debit

cash 200 credit

June 30th

salaries expense 1,730 debit

cash 1,730 credit

Explanation:

Rules to perform journal entries:

credit = debit

also there should be at lease one account on debit and one in credit.

We must also remember that debits must be enter first.

Also, each acount must represent a single event or stuff. It cannot represent both stuff.

7 0

4 years ago

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

Citrus2011 [14]

Answer:

Equivalent units for the month of January is 80,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between completed work and work in progress.

Using the FIFO method, to calculate the equivalent units, we follow the principle that units of inventory are to be worked upon based on the principle of first come, first serve. The units of inventory that emerged first are worked upon first and so on in the order of arrival.

Equivalent units = Degree of completion (DOC) (%) × units of inventory

Item Units DOC Workings EU Notes

Opening invento 10,000.00 20% 20%*10000 2,000.00 1

Fully worked 70,000.00 100% 100%*70000 70,000.00 2

Closing WIP 20,000.00 40% 40%*20000 8,000.00 3

80,000

Notes

1. DOC for opening inventory is 100%-80%. Remember that 80% work has been done in the previous period, so the balance is to be done in this current period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in theperiod.

3. Closing work is only 40% completed. This represent work started this period but not yet completed.

Equivalent units for the month of January is 80,000 units i.e (2000+70000+8000)

8 0

3 years ago