Answer:
C) There will be an increase in government purchases as the economy has more income.
Explanation:
The long run aggregate supply (LRAS) curve includes the output of an economy when all the factors of production are being used at full capacity. The position of the LRAS curve depends on the number of workers, the amount of capital, and the available technology.
Every time an economy (or even a company) experiences a significant technological progress, its productivity increases, increasing the total output.
Answer:
$60,000
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2 / 8 = 0.25
Depreciation expense in 2019 = 0.25 x $320,000 = $80,000
Book value at the beginning of 2020 = $320,000 - $80,000 = $240,000
Depreciation expense in 2020 = 0.25 x $240,000 = $60,000
I hope my answer helps you
2016 may 1 Debit Notes Receivable $5,300
Credit Accounts Receivable $5,300
2016 dec 31 Debit Interest Receivable $106
Credit Interest Income $106
2017 may 1 Debit Cash $5,459
Credit Notes Receivable $5,300
Credit Interest Receivable $159
Answer:
<u>Cost Of Goods Manufactured $ 133,000</u>
Explanation:
Peterson Company
Schedule for the cost of goods manufactured
For 2017
Direct Materials (opening Inventory) 21,000
Add Purchases 74,000
<u>Less Ending Inventory (23000)</u>
Materials available for Use 72,000
Add Direct Labor 22,000
Factory Overhead
Indirect Manufacturing Labor 17,000
Plant Insurance 7,000
Depreciation 11,000
<u>Repairs 3000 38,000</u>
132,000
Add Opening WIP 26,000
<u>Less Closing WIP 25,000</u>
<u>Cost Of Goods Manufactured $ 133,000</u>
<span>sweat equity, the patent lawyer is doing for a project or enterprise in the form of effort to work for the ownership interest in a business that will increase in value it is a preferred mode of building equity for entrepreneurs who do have much money in their start-up ventures since they may be unable to provide as much financial capital to their business</span>
