Answer:
A. downward because an increase in the interest rate induces people to invest less
Explanation:
Whenever the interest rate rises more on loans, people do not take more loans as the cost increases of carrying funds, which further leads to people investing less as they cannot afford to take loans for there needs, or investments, as here interest increase is referred to increase in rate of interest on loan able funds. Accordingly there will be less supply of loan funds, and the slope will go downward as the supply will decrease.
A. downward because an increase in the interest rate induces people to invest less
Answer:
The correct answer would be option A, $125800.
Explanation:
Cost of goods manufactured= Total costs + beginning work in process - Ending work in process
Total costs include Direct Materials, Direct labor and Factory Overheads. So the Above formula can be written as:
CGM = (Direct materials + Direct Labor + Factory overhead) + Beginning WIP - Ending WIP
Now
Direct Materials = Beginning raw materials + Purchased Raw Materials - Ending Raw materials
= 15200+60000-16600= 58600
Now Direct labor given is = 42800
And Factory Overheads = 30000
So,
Total costs= direct materials + Direct Labor + Factory Overhead
Total Costs= 58600 + 42800 + 30000
= 131400
Beginning work in process = 22400
Ending work in process = 28000
NOW Costs of Goods Manufactured/CGM = Total Cost + Beginning WIP -Ending WIP
= 131400+22400-28000
=$125800
Answer:
Explanation:
The journal entries are shown below:
a. Inventory A/c Dr $26,000
To Notes payable A/c $26,000
(Being inventory is purchased for signing the short term notes payable)
b. Interest expense A/c Dr $780
Notes payable A/c Dr $26,000
To Cash A/c $ $26,780
(Being cash is paid on maturity)
The interest expense is computed below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $26,000 × 6% × (6 months ÷ 12 months)
= $780
The 6 months is calculated from March 1 to September 1
Answer:
Return on Assets (2006) = 7.60 %
Explanation:
Return on Assets = Earnings Before Interest and Tax ÷ Total Assets
Therefore,
Return on Assets (2006) = ($115,000 + $30,000) / ( $600,000 + $60,000 + $900,000) × 100
= $118,000 / $1,560,000 × 100
= 7.60 % (one decimal place)
Answer:
There are benefits and drawbacks to command economy structures. Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Explanation:
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