The set of skills and knowledge needed to make informed decisions about

Dmitry [639]

Answer:

C. all goods and services that are in demand

Explanation:

Macroeconomics, as a branch of economics, is concerned with the performance of the economy as a whole. Macroeconomics studies the key economic indicators such as unemployment rate, growth rate, aggregate demand, inflation, and price levels. The government uses data form macroeconomic analysis to formulate policies and strategies for the country.

While microeconomics will be concerned with the income and expenditures of individuals and households, Macroeconomic will consider the consumption and revenues of the entire population. Microeconomics studies the demand for a single product. Macroeconomics focuses on the aggregate demand for products and services in a country, which is more like the GDP.

5 0

3 years ago

Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No journal entry

Karolina [17]

Answer:

The journal entries are as follows:

(i) (a) Under allowance for doubtful account method:

Allowance for doubtful accounts A/c Dr. $13,300

To accounts receivable $13,300

(To record the bad debts written off)

(b) Under direct write off method:

Bad debt expenses A/c Dr. $13,300

To accounts receivable $13,300

(To record the Bad debts written off)

(ii) Bad debts expenses A/c Dr. $15,300

To Allowance for doubtful accounts $15,300

(To record the bad debt expense)

6 0

3 years ago

Match the items according to their impact on aggregate demand (AD).

postnew [5]

Answer:

A recession occurring in a trading partners economy

8 0

3 years ago

The Converting Department of Hopkinsville Company had 1,200 units in work in process at the beginning of the period, which were

IgorLugansk [536]

Answer:

Equivalent Units

Material cost = 26,560

Conversion Cost= 25,540

Explanation:

We would assume the company uses weighted average method of valuation.

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Equivalent units = Degree of completion (%) × Number of units

Material cost

Item Unit Equivalent unit

Completed 25,200 100% ×25200 = 25,200

Closing WIP 1,360 100%× 1,360 1360

Total equivalent units 26,560 

Conversion Cost

Item Unit Equivalent unit

Completed 25,200 100% ×25200 = 25,200

Closing WIP 1,360 25%× 1,360 340

Total equivalent units 25,540

3 0

3 years ago

Linda needs fresh fruits and vegetables so she decides to go grocery

jenyasd209 [6]

Answer:physiological

Explanation:

5 0

3 years ago

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