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3 years ago

If aggregate supply is vertical, then which of the following statements must be true?

Business

1 answer:

never [62]3 years ago

6 0

Answer: A. Aggregate demand does not affect the quantity of output.

Explanation: Aggregate supply curve is perfectly vertical in a long run, Economist believed that the changes in aggregate demand only caused a temporal change in an economy output

Aggregate supply in a short run, the quantity supplies increase as price rise.

Aggregate demand does not affect the quantity of output If the aggregate supply is vertical.

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1 year ago

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3 years ago

Read 2 more answers

B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan

Annette [7]

Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

(To record expected coat of returns)

Note that the above calculation was done as:

= $64,000 × 5%

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3 years ago

Which statement best describes the difference between an epidemic and a pandemic?

ollegr [7]

Answer:

An epidemic is contained to a region, and a pandemic is global.

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BY GERALD GREAT.

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2 years ago

On October 1, 2017, Sharp Company (based in Denver, Colorado) entered into a forward contract to sell 330,000 rubles in four mon

Yuliya22 [10]

Solution:

Date Account tides Debit (S in ruble) Credit (S in ruble)

and Explanation

Oct 1 Accounts receivable 96,600

Sales

( 210,000 ruble x $0.46) 96,600

Dec 31 Accounts receivable

( 50.49-50.46) x (210,000 ruble) 6,300

Foreign Exchange gain 6,300

Loss on forward contract 2079,21

Forward Contract

(50.52-50.51) x 210,000 ruble =2,100

2,100 x 0.9901= $2079.21 2079.21

Jan31 Accounts receivable (LC U) 4,200

Foreign exchange gain

(50.51-50.49) x 210,000 ruble 4200

Foreign currency 107,100

Accounts receivable

(596.600-56,300-54,200) 107,100

Cash 107,100

Foreign cuuency (LCU)

($0.51 x210.000 ruble) 107,100

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3 years ago