1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexxx [7]
3 years ago
12

When an economy operates at its long-run potential output level,?

Business
1 answer:
zaharov [31]3 years ago
8 0
The economy is in equilibrium, and the natural and real or actual rates of unemployment will be equal. 

In order for an economy to operate at its long-run potential output level, it must be equilibrium, and the economy is balanced in its production. Unemployment is one measure of an economy's equilibrium with the natural and actual rates as two benchmarks rates that must be calibrated towards equilibrium. 
You might be interested in
At the beginning of 2016, EZ Tech Company's Accounts Receivable balance was $140,000, and the balance in Allowance for Doubtful
meriva

Answer:

EZ Tech Company

Journal Entries:

Debit Cash Account $210,000

Credit Sales Revenue $210,000

To record sale of goods for cash.

Debit Accounts Receivable $840,000

Credit Sales Revenue $840,000

To record sale of goods on account.

Debit Cash Account $670,000

Credit Accounts Receivable $670,000

To record the receipt of cash on account.

Debit Uncollectible Expense $4,000

Credit Accounts Receivable $4,000

To record direct write-off of uncollectibles.

Explanation:

a) Accounts Receivable:

Beginning balance $140,000

Sales on credit         840,000

Cash receipts         -670,000

Uncollectible              -4,000

Ending balance    $306,000

b) The direct write-off of the uncollectible accounts could have also been treated through the Allowance for Doubtful Accounts by debiting the account before crediting it with the Uncollectible Expense account.  Since there is no instruction to the contrary, we have used the direct method instead, for simplicity.

3 0
3 years ago
Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2013. The manufacturing cost
Taya2010 [7]

Answer:

b. $3,115,234

Explanation:

Opening Balance as on 01.01.2013                        $21,000,000

Less: Payment of First Instalment on 01.01.2013   <u>$3,002,038</u>

Net Balance as on 01.01.2013                                 $17,997,962

Add: Interest at 9% up to 30.06.2013                    $1,619,816

Less: Payment of 2nd instalment on 30.06.2013  <u>$3,002,038</u>

Balance as on 01.07.2013                                      $16,615,740

Interest at 9% up to 31.12.2013                                $1,495,417

Total interest revenue to be reported on the lease during the calendar year 2013 = $1,619,816 + $1,495,417 = $3,115,234

7 0
3 years ago
Withdrawal is a far more important concept in treatment and recovery than relapse. True False
Sphinxa [80]

the awnser to the problem is true.

3 0
3 years ago
Kerbow Corporation uses part B76 in one of its products. The company's Accounting Department reports the following costs of prod
lubasha [3.4K]

Answer:

12,000 units

outside supplier offers at $27.40 each = $328,800

current relevant costs:

  • direct materials $7.20 x 12,000 = $86,400
  • direct labor $7.10 x 12,000 = $85,200
  • variable overhead $3.50 x 12,000 = $42,000
  • supervisor's salary $4.70 x 12,000 = $56,400
  • total = $270,000

only $6,000 of allocated fixed costs can be avoided

additional revenue from using the freed space $29,000

A. Prepare a report that shows the effect on the company's total net operating income of buying part B76 from the supplier rather than continuing to make it inside the company.

                                         Keep              Buy                   Differential

                                        producing       from vendor     amount

production cost               $270,000                       $0     $270,000

purchase cost                              $0          $328,800     ($328,800)

avoidable costs                           $0             ($6,000)          $6,000

<u>additional revenue                      $0           ($29,000)       $29,000</u>

total                                  $270,000          $293,800      ($23,800)

B. Identify which alternative the company should choose and explain why.

The company should keep producing the part because production costs are lower than buying it from an outside vendor.

C. Determine what errors managers may make when considering make or buy decisions and basing the decision solely on the data?

If we had made this decision based on total production costs, then management would have erroneously chosen to purchase the part from an outside vendor. Total production costs are $28.30 per unit, but almost $5.80 per unit are not avoidable (mostly fixed and general overhead), so the company will incur them no matter what. You have to compare only relevant costs or revenues.

8 0
3 years ago
What is one of the effects that the internet has had on bussiness?
vovangra [49]
The advent of the Internet has made the presence of businesses global. ... The communication between customers and businesses increases customer satisfaction and enables businesses to get connected to the customers. The accessibility enables businesses to further expand their service or product, which increases profit.
6 0
3 years ago
Other questions:
  • All credible conceptual models of education have two objectives. they are
    5·1 answer
  • A test that determines whether disease is actually present is
    12·2 answers
  • Your manager has asked you to recommend which one of two new types of digital camera to buy for your company's publications depa
    9·1 answer
  • A marketing intermediary would most likely help a firm by ________.A) negotiating with labor unions regarding wages, hours, and
    14·1 answer
  • For a business, profit can be defined as
    10·1 answer
  • On July 1 the FISHER Shoe Store paid 15,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the
    14·1 answer
  • Grjgdxgrd hdjgiktn rjgrjgnrf
    12·2 answers
  • Documentation is necessary to establish educational accommodations. true or false​
    9·1 answer
  • I think apples are woman and pears are dudes. is that true?
    11·1 answer
  • A company is about to go public with an ipo loading. (initial public offering) and the company founders keep a significant porti
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!