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3 years ago

The short-run aggregate supply curve implies that real output exceeds its long-run level when the price level is:

Business

1 answer:

Annette [7]3 years ago

4 0

Answer:

greater than the expected price level

Explanation:

The short run aggregate supply curve shows graphically that the real output is more than its long run level when the price level is more than expected price level. When there is great expectation about inflation it shifts the short run Aggregate Supply curve outwards or to the right. Price level would then rise in the long run but real output would stay the same or unchanged.

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Which of these behaviors is task-oriented? A. My project manager is acting friendly and supportive towards project team members.

fomenos

Answer:

Explanation:

Based on the answers provided within the question it can be said that the behavior that best represents task-oriented would be when my project manager dispatched the technical service immediately. when my printer stopped working. This is because task-oriented refers to handling tasks that arise as soon as possible in order to achieve a goal as fast and efficiently as possible. Which is what the manager in this situation is doing by getting the printer fixed as fast as he can in order to continue operations towards the company goal.

5 0

4 years ago

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of whi

notsponge [240]

Answer:

Sales 8,800,000

Less: Cost of goods sold (W1) 5,241,739.13

Contribution 3,558,260.87

Less: Fixed manufacturing cost 598,000

Less: Fixed selling and admin cost 320,000

Net Income 2,640,260.87

<em>(W1) Cost of goods sold</em>

Direct Material 3,450,000

Direct Labour 1,196,000

Variable manufacturing cost 782,000

Variable selling cost 600,000

Total variable cost 6,028,000

Less:closing inventory 786,260.87 (6,028,000/46,000*6,000)

COST OF GOODS SOLD 5,241,739.13

8 0

4 years ago

An investor company owns 40% of the outstanding common stock of an investee company, which allows the investor to exercise signi

Alla [95]

Answer:

a. How much equity income should the investor report in its net income (i.e., as part of the current year income statement)?

$280,000

b. What amount should the investor report for the Equity Investment in its balance sheet at the end of the year?

$950,000

Explanation:

Since the investor company uses the equity method, the journal entry to record the purchase of the stock should be:

Dr Investment in XYZ company 750,000

Cr Cash 750,000

When the dividends are received, the following journal entry is made:

Dr Cash 80,000

Cr Investment in XYZ 80,000

At the end of the year, the investor must report:

Dr Investment in XYZ 280,000 (= $700,000 x 40%)

Cr Revenue on investment in XYZ 280,000

Dividends are not considered income when you use the equity method, they only reduce the value of the investment.

Value of the investment account = $750,000 - $80,000 + $280,000 = $950,000

7 0

4 years ago

Yesterday, Bob and Maria were not willing to trade $40 for book. Today, they are. What made the difference?

prisoha [69]

Answer:

They probably reduced the price or made a discount

srry if it is not professional hope it helps

3 0

3 years ago

Using XXs for amounts, give the journal entry for each of the transactions, assuming perpetual inventory. (If no entry is requir

lawyer [7]

Answer:

Journal entries

Explanation:

1. Cash Dr XX

To Sales revenue XX

(Being the cash sales is recorded)

Since the cash is received so we debited the cash as it also increases the assets and the sales revenue would be credited as it an income for the company

2. Cost of goods sold XX

To Merchandise inventory XX

(Being the cost of goods sold is recorded)

While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory

1. Account receivable Dr XX

To Sales revenue XX

(Being the cash sales is recorded)

Since the sales is made on account so we debited the account receivable as it also increases the assets and the sales revenue would be credited as it an income for the company

2. Cost of goods sold XX

To Merchandise inventory XX

(Being the cost of goods sold is recorded)

While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory

3 0

3 years ago