Answer:
B. S and I drop by $0.60 trillion.
Explanation:
We know that
Y = C + I + G
$12 trillion = $8 trillion + I + $2 trillion
$12 trillion = $10 trillion + I
So, I = $12 trillion - $10 trillion
= $2 trillion
As the government purchases increase from $2 trillion to $2.60 trillion
and the rest of the things remain the same.
So New I = $12 trillion - $8 trillion - $2.60 trillion
= $1.4 trillion
So, the difference would be equals to
= $2 trillion - $1.4 trillion
= $0.6 trillion
The $0.6 trillion reflect fall in the investment
And the saving and the investment are equal to each other
Hence, the B option is the right answer
Answer:
cost of goods manufactured= $73,984
Explanation:
Giving the following information:
Cost of direct materials used in production $16,700
Direct labor 26,794
Factory overhead 32,844
Work in process inventory, March 1 17,028
Work in process inventory, March 31 19,382
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 17,028 + 16,700 + 26,794 + 32,844 - 19,382
cost of goods manufactured= $73,984
Answer:
The answer is given as below;
Explanation:
Opening inventory $8,000
Purchases $96,000
Less: return outwards ($6,200)
Add; Freight in $1,100
Less: Closing Inventory ($17,300)
Cost of Goods Sold $81,600
The retirement plan she most likely has is the 401(k)
Well, actually both 401k and 403 b offer similar system of retirement. But 401k is more commonly used by middle-lower class worker, including elementary school teacher
Answer:
Explanation:
From the information povided:
(a) To compute the amount of goodwill paid by Chicago Corporation
Particulars Amount ($)
Accounts Receivable 100000
Inventory 170000
Plant & Equipment 400000
Land 90000
Customer List 4000
Trade Names <u> 16000</u>
NET ASSETS (A) <u>780000</u>
<u />
Current liabilities 76000
Non-current liabilities <u>160000 </u>
NET LIABILITIES (B) <u> 236000</u>
∴
PURCHASE CONSIDERATION (A -B) 544000
<u>Less:</u> Cash Paid <u> 580000</u>
GODWILL <u> 36000 </u>
<u />
b)
In the books of Chicago Corporation, the Journal Entry to record the purchase of Naperville Company.
Account Name Dr. Cr.
Accounts Receivable A/C 100000
Inventory A/C 170000
Plant Equipment A/C 400000
Land A/C 90000
Customer List A/C 4000
Trade Names A/C 16000
Goodwill A/C 36000
Current liabilities A/C 76000
Non-Current Liabilities A/C 160000
Cash A/C 580000
c)
The minimum required amount of goodwill that Chicago can amortize by the end of 2020 is $3600.This is because the amortization can take place for a period of 10 years.
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