Answer:
there is a rise in the quantity of capital.
Explanation:
Aggregate supply describes the total supply of products and services produced in an economy at all prices per period. The aggregate supply curve, shortened to AS, shows the relationship between total supply from producers and different price levels.
A shift in the supply curve communicates a change in the quantity of supply. The Aggregate supply curve shift to the right when there is an increase in output. In other words, when output from producers increases, the aggregate supply curve shifts to the right. Output or productivity increases when the price of key inputs falls, lower labor costs, or increased efficiency.
Answer:
$43,030
Explanation:
IAS 2 Inventories states that inventory is to be recognized at cost, however, subsequent measurement requires that inventory be carried at the lower of cost or net realizable amount (NRV).
As such, where the cost of inventory is higher than the NRV, it is written down to the NRV using the following entries,
Debit Inventory write off/Cost of goods sold
Credit Inventory account
with the difference between the cost and the NRV.
Inventory Quantity Unit Cost Unit NRV New unit cost
Furniture 230 $88 $103 $88
Electronics 53 $430 $315 $315
From the analysis above, the cost of inventory is lower than the NRV for Furniture, hence no adjustment is required. However, the cost of Electronics is higher than the NRV hence a write down is required. This amount is
= ($430 - $315) × 53
=$115 × 53
= $6,095
Total recorded cost(ending) of inventory before any adjustment
= (230 × $88) + (53 × $430)
= $43,030
Answer:
Let Sanguine Wines Ltd. refer to a hypothetical company for the purpose. Following would constitute Sanguine Wines Ltd's variable costs:
- Raw Material or input prices: The raw material or inputs of sanguine wines limited purchases from suppliers such as dried grapes, sugar and the likes. The price of such inputs is prone to seasonal fluctuation and thus variable
- The performance related incentive for employees for number of bottles of wine created, would be variable cost as it would vary with the no of bottles produced.
- Discount allowed to distributors which varies based upon the number of bottles purchased by them.
- Commission paid to wine salesperson which varies with respect to bottles sold.
This is an example of assimilation.
These Asian youths are watching American shows and starting to include the behaviors they see into their own everyday lives. They are assimilating into the culture they are observing, which can be either a good thing or a bad thing, depending on the level of assimilation.
