Answer:
(a) $1,760
(b) $1,100
Explanation:
Given that,
Skysong, Inc. made three purchases of merchandise:
(1) 320 units at $5
(2) 420 units at $7
(3) 520 units at $8
Units on hand at the end of the period = 220
(a) Under FIFO method,
cost of ending inventory:
= Units on hand at the end of the period × $8 (From the last purchase)
= 220 × $8
= $1,760
(b) Under LIFO method (Comprise units from the first purchase),
cost of ending inventory:
= Units on hand at the end of the period × $8 (From the first purchase)
= 220 × $5
= $1,100
Answer:
A. The MD curve would shift out wards
B. Supply of money is unchanged, with nominal interest rate going up
C. Fed would increase money supply
Explanation:
The accompanying graphs for each answer has been provided in these attachments.
A.
The money demand curve is going to shift outwards or to the right. This is because more money is going to be demanded by people for transaction purposes.
From the graph, we see that money demand increases from MDo to MD1 during Christmas period
B.
If no action is taken by the fed, the supply of money is going to be unchanged while the nominal interest rate would go up.
C.
During this period, the fed would increase supply of money so that the increased need to shop by people can be accommodated without having the interest rate go up.
From the, nominal Interest rate does not change due to the fed policy. Supply of money shifts outward.
Answer:
What caused china's phenomenal economic growth rate over the last 30 years
There are many causes for China's economic miracle in recent decades.
The first cause is that China decided to open the country to foreign investment in some parts of the country, the famous Special Economic Zones, the first one having been located in the city of Shenzhen, north of Hong Kong. This flow of capital boosted inustrial growth.
The second cause is that China became a manufacturing powerhouse due to lower labor costs, reason why most developed countries outsourced a large precentage of their manufacturing sector to China.
A third cause is that the Chinese government worked closely with both domestic firms and foreign firms in specific sectors, promoting a mixed economy in between economic planning and a market economy.
why is it likely unsustainable in the long run?
China's growth is likely unsustainable in the long run because as a country develops and catches up with the advanced world, its rate of growth tends to fall due to a myriad of reason, from capital exhaustion to lower demographic growth, to a less dynamic consumer market in several sectors.
The gdp deflector for this year is calculated
