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3 years ago

Which of the following is not true?

1 answer:

34kurt3 years ago

3 0

Answer: C. The market for loanable funds is comprised of those who want to save (the suppliers of funds) and those who want to borrow (the demanders of funds) Where the supply curve for loanable funds and the demand curve for loanable funds intersect determines the size of the budget deficit.

This statement is not true because where the supply curve and demand curve meet is the equilibrium interest rate, and not the size of budget deficit.

Explanation:

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_____ deals with the mature market and is based on the theory that people change their outlook on life when they experience majo

jeka94

Answer:

The correct answer is letter "B": Gerontographics.

Explanation:

Gerontographics refers to the study of elders according to their physical health. Gerontographics also considers old people's mental outlook. The information collected thanks to Gerontographics is used in the health industry. Gerontographics classify elders in four (4) groups: healthy indulgers, ailing outgoers, frail recluses, and healthy hermits.

4 0

3 years ago

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be

enyata [817]

Answer: $68,200

Explanation:

Estimated inventory = Difference between Goods available for Sale at Retail Price and Actual Sales made * Cost Retail Ratio

Retail value of Goods Available for Sale

= Retail Price of Beginning Inventory + Retail price of Purchases

= 120,000 + 480,000

= $600,000

Difference between Goods available for Sale at Retail Price and Actual Sales made

= 600,000 - 490,000

= $110,000

Cost to retail price ratio

= (Cost of Beginning Inventory + Cost of Purchases) / (Retail Price of Beginning Inventory + Retail Price of Purchases)

= (60,000 + 312,000) / (120,000 + 480,000)

= 62%

Ending inventory

= 110,000 × 62%

= $68,200

5 0

3 years ago

In france a loaf of bread costs 3 euros. in great britain a loaf of bread costs 4 pounds. if the exchange rate is .9 pounds per

Sedaia [141]

The real exchange rate is 3 euros

3 0

3 years ago

The unit of product is the cost object when the plantwide overhead rate method is used.

Marina CMI [18]

The plantwide overhead rate method means using overhead rate to allocate costs to products and includes indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true.

3 0

3 years ago

Jay sold three items of business equipment for a total of $300,000. None of the equipment was appraised to determine its value.

olasank [31]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information.

Asset Cost Adjusted Basis

--------------------------------------------------

Skidder 230,000 40,000

Driller 120,000 60,000

Platform 620,000 0

-------------------------------------------------

Total 970,000 100,000

Step 2. Formulas needed to solve the exercise.

Allocation for each asset = value sold * (adjusted basis / total)

Gain on sale = Sales price - Adjusted basis amount

Step 3. Calculation and Step 4. Solution.

Sales price is allocated on the basis of adjusted value.

Skidder = 300.000 * 40.000/100.000 = 120.000

Driller = 300.000*60.000/100.000 = 180.000

Platform = 300.000*0/100.000 = 0

Gain on sale = Sales price - Adjusted basis amount

= 300.000 - (40.000 + 60.000 + 0)

= 200.000

6 0

3 years ago