Answer: Aggregate demand would shift to the left due to a decrease in US exports.
Explanation When the dollar appreciated against foreign currencies, U.S. goods and services become relatively more expensive, reducing exports and boosting imports in the United States. Such a reduction in net exports reduces aggregate demand.
Answer:
The first type of convergent boundary is Oceanic-Continetal Convergence. This type of convergent boundary happens where an oceanic plate and a continental plate push together causing the oceanic plate to be forced under the continental plate into the mantle because the oceanic plate is thinner. This is called a subduction.
Explanation:
Answer:
Terry's Closing Inventory is $131,360.
Terry's Gross profit is $431,360.
We follow these steps to arrive at the answers:
<u>1. Calculate the base value of closing inventory (CI):</u>
![CI_{base value} = \frac{CI*Index at base year}{current price index}](https://tex.z-dn.net/?f=CI_%7Bbase%20value%7D%20%3D%20%5Cfrac%7BCI%2AIndex%20at%20base%20year%7D%7Bcurrent%20price%20index%7D)
![CI_{base value} = \frac{143360*100}{112} = 128,000](https://tex.z-dn.net/?f=CI_%7Bbase%20value%7D%20%3D%20%5Cfrac%7B143360%2A100%7D%7B112%7D%20%3D%20%20128%2C000)
<u>2. Calculate additions to inventory at base price</u>
![Additions to inventory = CI_{base value} - Beginning inventory](https://tex.z-dn.net/?f=Additions%20to%20inventory%20%3D%20CI_%7Bbase%20value%7D%20-%20Beginning%20inventory)
![Additions to inventory = 128000 - 100000 = 28,000](https://tex.z-dn.net/?f=Additions%20to%20inventory%20%3D%20128000%20-%20100000%20%3D%2028%2C000)
<u>3. Calculate the value of additions to inventory at current prices</u>
![Additions to inventory_{current Value} = Additions to inventory_{base Value} * \frac{current price index}{base price index}](https://tex.z-dn.net/?f=Additions%20to%20inventory_%7Bcurrent%20Value%7D%20%3D%20Additions%20to%20inventory_%7Bbase%20Value%7D%20%2A%20%5Cfrac%7Bcurrent%20price%20index%7D%7Bbase%20price%20index%7D)
![Additions to inventory_{current Value} = 28,000 * \frac{112}{100} = 31,360](https://tex.z-dn.net/?f=Additions%20to%20inventory_%7Bcurrent%20Value%7D%20%3D%2028%2C000%20%2A%20%5Cfrac%7B112%7D%7B100%7D%20%3D%2031%2C360)
<u>4. Calculate the value of Closing inventory</u>
![Closing inventory = Beginning Inventory + Additions to inventory_{current Value}](https://tex.z-dn.net/?f=Closing%20inventory%20%3D%20Beginning%20Inventory%20%2B%20Additions%20to%20inventory_%7Bcurrent%20Value%7D)
![Closing inventory = 100,000 + 31,360 = 131,360](https://tex.z-dn.net/?f=Closing%20inventory%20%3D%20100%2C000%20%2B%2031%2C360%20%3D%20%20131%2C360)
<u>5. Compute Cost of Goods Sold (COGS):</u>
![COGS = Opening Inventory + Purchases - Closing Inventory](https://tex.z-dn.net/?f=COGS%20%3D%20Opening%20Inventory%20%2B%20Purchases%20-%20Closing%20Inventory)
![COGS = (100000 + 600000 - 131360) = 568640](https://tex.z-dn.net/?f=COGS%20%3D%20%28100000%20%2B%20600000%20-%20131360%29%20%3D%20568640)
<u>6. Compute Gross profit</u>
![Gross profit = Sales - COGS](https://tex.z-dn.net/?f=Gross%20profit%20%3D%20Sales%20-%20COGS)
![Gross profit = 1000000 - 568640 = 431360](https://tex.z-dn.net/?f=Gross%20profit%20%3D%201000000%20-%20568640%20%3D%20431360)
Who i believ is the senator