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Citrus2011 [14]
3 years ago
8

The people described spent their money during different time periods. Label each of their scenarios as to whether they bought th

eir goods during a time of inflation, deflation, or price stability. Peter is a compulsive gamer. He decides to buy World of Warcraft, all of its expansions, Starcraft 2, a PS3, a Wii, and an Xbox 360, since prices in general have been rising at an alarming rate.Melissa decides to start her own personal library by amassing a private collection of books and magazines about world religions, cooking, comics, and economics. As she reads an issue of The Economist, she discovers that overall price levels have changed only 0.01% in the past two years, and decides it does not matter whether she starts the project now or later. Linda postpones her wedding even though most food prices and most service prices were dropping this year, which would help keep the cost of the wedding down. Out of these individuals, whose money gained the most value during their time period?
Business
2 answers:
GuDViN [60]3 years ago
6 0

Answer:

Linda money gained the most value during their time period.

Explanation:

Peter is a habitual gamer -  Inflation  

Melissa chooses to begin her own - later - Price Stability  

Linda postpones - down - Deflation  

A reliable ascent in costs is swelling, a reduction is flattening practically no change implies value solidness.  

Expansion diminishes the estimation of cash while price Stability will implies no adjustments in the genuine estimation of cash.

kirill [66]3 years ago
4 0

Answer:

Check the explanation

Explanation:

Peter is a compulsive gamer...- Inflation

Melissa decides to start her own....later- Price Stability

Linda postpones....down-Deflation

Reason

A consistent rise in prices is inflation, a decrease is deflation little or no change means price stability

Linda

Reason

Inflation decreases the value of money whereas price stability will means no changes in the real value of money.

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Foster Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $7,600 an
Andrej [43]

Answer:

<u>Foster Manufacturing </u>

<u>Journal Entries</u>

<u>Sr. No                       Particulars                       Debit           Credit</u>

1                    Work in Process Job No. 221        1200

                    Work in Process Job No. 222      1700

                   Work in Process Job No. 223       2400

                    Work in Process Job No. 224      2600

         Factory Overhead  Indirect Materials      600

                              Materials Inventory                                  8500

Materials Requisitioned to specific jobs work in process inventory.

2. Direct Labor    Work in Process Job No. 221        1600

     Direct Labor  Work in Process Job No. 222      2200

  Direct Labor    Work in Process Job No. 223       2900

    Direct Labor Work in Process Job No. 224      2800

                                                   Indirect Labor      400

                                      Payroll                                               9500

                                         Factory OverheadControl               400

Direct Labor used for specific jobs.

3.          Work in Process Job No. 221              1120

                    Work in Process Job No. 222      1540

                   Work in Process Job No. 223       2030

                    Work in Process Job No. 224      1960  

                         Manufacturing Overheads                            6930

Manufacturing Overheads applied to specific jobs at the rate of 70%.

4.     Finished Goods Inventory          $ 7940

      Opening   Work in Process Job No. 221                       3600

         Work in Process Job No. 221 Materials                     1200

         Work in Process Job No. 221 Direct Labor               1600

         Work in Process Job No. 221 MOH                          1540

Job 221 completed and transferred to finished goods.

                   

3 0
3 years ago
Contact Process: What safety, cost, or other considerations prevent most industrial applications from using the most ideal condi
Margaret [11]
So here is the answer of the given question above:
In terms of economics, Harber's process takes a huge amount of capital. Initially, the process demands for a very high pressure and this is very expensive to produce. Second, the company would need to establish extremely sturdy pipes and containment vessels to endure the very high pressure, in order to produce this required condition; the building process is very costly as well as the maintenance. Hope this answer helps.
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What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that ana
irakobra [83]

Answer:

The term is called "Business Intelligence"

Explanation:

In business intelligence we observe trends , patterns of customers , suppliers , partners in order to develop an understanding of market trends so that we can focus on pain points in order to improve them and on string areas so that we can invest more in order to increase our strength and profitability.

3 0
3 years ago
The government can make money by borrowing from its population in the form of governmental bonds.
sladkih [1.3K]
False I think I’m not sure tho
8 0
3 years ago
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Magnolia Candle Inc. pays 10% of its purchases on account in the month of the purchase and 90% in the month following the purcha
Marizza181 [45]

Answer:

Total cash disbursement= $12,620

Explanation:

Giving the following information:

10% of purchases on account are paid in the month of the purchase

90% of purchases on account are paid in the month following the month of the purchase

Purchases:

March= $11,900

Abril= $12,700

<u>Cash payment April:</u>

Purchase on account from April= 12,700*0.9= 11,430

Purchase on account from March= 11,900*0.1= 1,190

Total cash disbursement= $12,620

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3 years ago
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