If the government wants to expand aggregate demand, it can "rebate" government purchases or "cut" taxes.
<h3>What is aggregate demand?</h3>
The total quantity of demand for all finished products and services generated in an economy is measured as aggregate demand.
Some characteristics of aggregate demand are-
- The total amount of money spent on those goods and services at a particular price level and time is known as aggregate demand.
- The correlation between output and all prices can be seen on an aggregate demand curve.
- In the end, the aggregate demand curve slopes downward because it predicts a fall in real gross domestic product (GDP) as prices rise.
- Consumer spending, investment spending, government spending, and the difference between exports and imports are all added together to determine aggregate demand.
- When one of these variables changes but the overall supply stays unchanged, aggregate demand will alter.
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Answer:
The answer is option C) Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.
Explanation:
Operation costing is a mix of job costing and process costing,
In Process Costing, each process or stage of production is costed separately. while Job costing is used to calculate and assign the total cost of materials, labor, and overhead of a specific job.
The manufacture of a product may consist of several operations. In Operation Costing, costs are collected for each operation instead of each process or stage of manufacture.
Therefore, Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.
Answer:
2016: $300 million; 40%; $60 million
2017: $450 million; 60%; $90 million
Explanation:
Total costs:
= Costs incurred in 2016 + Costs incurred in 2017
= $240 + $360
= $600
In 2016:
Percent of total excepted costs:
= Costs incurred in 2016 ÷ Total costs
= $240 ÷ $600
= 0.4 or 40%
Revenue recognized:
= Percent of total excepted cost × Contract price
= 0.4 × $750 million
= $300 million
Income = Revenue recognized - Costs incurred in 2016
= $300 million - $240 million
= $60 million
In 2017:
Percent of total excepted costs:
= Costs incurred in 2017 ÷ Total costs
= $360 ÷ $600
= 0.6 or 60%
Revenue recognized:
= Percent of total excepted cost × Contract price
= 0.6 × $750 million
= $450 million
Income = Revenue recognized - Costs incurred in 2017
= $450 million - $360 million
= $90 million
Answer:
1) d. $175,000
2) b. $156,250
Explanation:
1. The computation of net income for 20X9 under the treasury stock method is shown below:-
Net income for 20X9 under the treasury stock method = Janet Operating income + Slider operating income
= $100,000 + $75,000
= $175,000
2. The computation of income assigned to the controlling interest for 20X9 is shown below:-
income assigned to the controlling interest for 20X9 = Janet Operating income + (Slider operating income × Remaining percentage)
= $100,000 + ($75,000 × 75%)
= $100,000 + $56,250
= $156,250
Therefore we have applied the above formulas.
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