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3 years ago

Draw five sector of macroeconomic model

Business

1 answer:

solong [7]3 years ago

8 0

Answer:

Here's my Macroeconomic model.

Explanation:

Thus, the five-sector model includes (1) households, (2) firms, (3) government, (4) the rest of the world, and (5) the financial sector. The financial sector includes banks and non-bank intermediaries that engage in borrowing (savings from households) and lending (investments in firms).

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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $390,000 and credit sa

andreyandreev [35.5K]

Answer:

A. Bad Debt Expense 17,000Allowance for Doubtful Accounts 17,000

Explanation:

390,000 account receivable

againg of accounts 5% of account receivable

5% of 390,000 = $19,500

current allowance 2,500

adjustment 17,000

Because it is based on the account receivable balance, we adjust the allowoance to reach the target estimated bad debt.

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3 years ago

True or false: strength machines are generally regarded as superior to free weights for improving core stability and coordinatio

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3 years ago

The classical economists felt that saving would be equal to investment because

lozanna [386]

Classical economists felt this way because of the idea of 'interest rate flexibility'. This means that the classical economists believed in the idea that the economy would even itself out, or that the economy was 'self-regulating'. This lends itself to the idea that saving would be equal to investment because it does not take into consideration any shift in the economy.

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3 years ago

Financial Statements of a Manufacturing Firm The following events took place for Rushmore Biking Inc. during February, the first

Katyanochek1 [597]

Answer:

Required a.

Rushmore Biking Inc.

Income Statement For the Month Ended February 28

Sales Revenue $1,033,500

Less Cost of Sales ($577,400)

Gross Profit $456,100

Less Expenses :

Selling expenses $248,300

Administrative expenses $92,400 ($340,700)

Net Income/(Loss) $115,400

Required b.

Materials inventory, February 28 is $41,000

Work in process inventory, February 28 is $24,800

Finished goods inventory, February 28 is $17,100

Explanation:

First, Calculate the Costs of Goods Manufactured, then the Income Statement

Manufacturing Costs Schedule

Direct Materials $252,100

Direct labor $216,000

Overheads ($216,000 × 70%) $151,200

Total Manufacturing Costs $619,300

Less Transfer to Finished Goods ($594,500)

Closing Work In Process Inventory $24,800

Raw Materials T - Account

Debit :

Purchases $293,100

Totals $293,100

Credit :

Transfer to Work In Process $252,100

Ending Balance $41,000

Totals $293,100

Finished Goods T - Account

Debit :

Transfer from Work In Process $594,500

Total $594,500

Credit :

Trading Account $577,400

Ending Balance $17,100

Total $594,500

5 0

3 years ago

Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

valentinak56 [21]

Answer:

a. What are the total equivalent units for direct materials?

152,400 units

b. What are the total equivalent units for conversion costs?

129,700 units

c. What is the cost per equivalent unit for direct materials?

Total Direct Materials Cost

$495,300

Cost per equivalent unit = Total Direct Materials Cost / total equivalent units for direct materials

$3.25

d. What is the cost per equivalent unit for conversion costs?

Total conversion costs

$324,250

Cost per equivalent unit = Total conversion costs / total equivalent units for conversion

$2.50

e. What is the total cost of units completed and transferred out?

$615,250

f. What is the total cost of units remaining in ending WIP?

$204,300

Explanation:

a. What are the total equivalent units for direct materials?

Completed and Transferred (107,000 × 100%) = 107,000 units

Ending Work In Process (45,400 × 100%) = 45,400 units

Total equivalent units = 152,400 units

b. What are the total equivalent units for conversion costs?

Completed and Transferred (107,000 × 100%) = 107,000 units

Ending Work In Process (45,400 × 50%) = 22,700 units

Total equivalent units = 129,700 units

c. What is the cost per equivalent unit for direct materials?

Total Direct Materials Cost

Beginning Work In Process $53,200

Added $442,100

Total Direct Materials $495,300

Cost per equivalent unit = Total Direct Materials Cost / total equivalent units for direct materials

= $495,300/ 152,400 units

= $3.25

d. What is the cost per equivalent unit for conversion costs?

Total conversion costs

Beginning Work In Process $19,600

Added $304,650

Total conversion costs $324,250

Cost per equivalent unit = Total conversion costs / total equivalent units for conversion

=$324,250/ 129,700 units

= $2.50

e. What is the total cost of units completed and transferred out?

Raw Materials ( $3.25 × 107000) = $347,750

Conversion($2.50 × 107000) = $267,500

Total $615,250

f. What is the total cost of units remaining in ending WIP?

Raw Materials ( $3.25 × 45,400) = $147,550

Conversion($2.50 × 22,700) = $56,750

Total $204,300

5 0

3 years ago

Draw five sector of macroeconomic model​

Draw five sector of macroeconomic model