Consider the impact of monetary policy over time. In the short run, some prices adjust. In the long run, all prices adjust. This is further explained below.
<h3>What is monetary policy?</h3>
Generally, Controlling both the amount of money that is circulating in an economy and the routes through which new money is created is what we mean when we talk about monetary policy. The approach to monetary policy is influenced by a variety of economic variables, including the gross domestic product (GDP), the rate of inflation, and the growth rates of certain industries and sectors.
In conclusion, Take into consideration the effects that monetary policy has had throughout time. Some pricing is subject to adjustments in the short term. Over time, market prices will reach their equilibrium.
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Answer:
In short-run: Bob should stay in the business because his variable cost per product ( lawn-mowing) is still below his revenue per product. Although Bob is making loss of $10 per day ( $27 x 10 lawns - 280), he can still improve his profit be mow more lawns per day because his variable cost per unit is only $25((280-30) / 10) while his revenue per unit is $27 making his marginal profit is $2 per lawn mowed.
In the long run, Bob will exit the industry if it is getting cheaper to get lawn-mowing services ( as there is less demand or more supply) or the cost of delivering the services is higher ( increase in machinery investment, increase in the cost of oil/gas used to function the mower) making the marginal profit per unit sold is negative.
Explanation:
Explanation is given in the answer.
The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.
<h3>What is a journal entry?</h3>
Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.
In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.
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Answer:
The correct answer is A. Define.
Explanation:
The flowchart (flowchart) is a tool used to represent the sequence and interaction of process activities through graphic symbols. The symbols provide a better visualization of the operation of the process, helping in its understanding and making the description of the process more visual and intuitive.
In process management, the tool aims to guarantee quality and increase worker productivity. This happens because the documentation of the flow of activities makes it possible to make improvements and clarifies the workflow itself.
Answer:
Gross Profit: $136.200
Operating Profit: $ 78.400
Explanation:
Gross Margin income statement
- Return & Allowance -$ 8.100
<em><u>Gross Profit $ 136.200
</u></em>
- Management Expenses -$ 39.500
- Advertising Expenses -$ 2.800
<em><u>EBIT $ 78.400
</u></em>
- Interest Expenses -$ 5.000
<em><u>EBT $ 73.400
</u></em>
<em><u>Net Income $ 57.200</u></em><em><u>
</u></em>