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3 years ago

(a) Explain the quantity theory and(b) how does the theory explains the cause of inflation

1 answer:

n200080 [17]3 years ago

5 0

The quantity theory is a framework to understand price changes in relation to the supply of money in an economy.

It assumes an increase in money supply creates inflation and vice versa.

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Kaylis [27]

Answer:

um maybe C

Explanation:

5 0

3 years ago

If actual manufacturing overhead costs are less than the applied manufacturing overhead, then manufacturing overhead is:

Genrish500 [490]

Answer:

Under applied

Explanation:

Actual manufacturing overhead costs are those amounts of overhead costs that are incurred by a firm during production processes.

Applied manufacturing overhead costs are those costs that are added to jobs as they near completion. Usually, as work or job nears completion during the year, the predetermined overhead rate and actual activity level are used to apportion them.

In general, manufacturing overhead costs are those costs that are not direct labor costs or direct material costs; which is made of expenses like equipment and lightening. It could either be under or over applied. It is under applied as in the above while it is over applied when the actual manufacturing overhead costs are more than the applied manufacturing overhead costs.

8 0

3 years ago

Metlock, Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at Decemb

AURORKA [14]

Answer:

The $5,434 is the the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

Explanation:

Based on the Generally Accepted Accounting Principles (GAAP), the inventory value should be recorded at the cost or net realizable value whichever is lower.

So, by using the above information. Now we can compute the ending inventory.

For Camera :

1. Minolta = Unit price × lower cost of Net realizable value or cost

= 3 × 156

= $468

2. Canon = Unit price × lower cost of Net realizable value or cost

= 10 × 147

= $1,470

For Light Meters:

1. Vivitar = Unit price × lower cost of Net realizable value or cost

= 15 × 104

= $1,560

2. Kodak = Unit price × lower cost of Net realizable value or cost

= 16 × 121

= $1,936

So, the ending inventory is sum of the value of all products which is equals to

Minolta + Canon + Vivitar + Kodak

$468 + $1,470 + $1,560 + $1,936

$5,434

Hence, $5,434 is the the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

7 0

3 years ago

When closing a direct request, you should be sure to

REY [17]

Answer:

When closing a direct request, you should be sure to include the times limits involved in your request.

Explanation:

In a business situation, where there is a lot of interaction in the business environment, information needs to be passed in such a way that it is clear and complete in the shortest amount of time. This means that good communication techniques are needed to ensure that the information is delivered and received in a clear and timely manner. One type of a form of communication technique is a direct request. A direct request is a type of communication where the person making the request is in direct contact with the receiver of the request. There are techniques that can be applied to ensure effective delivery of the information. These techniques are;

1. Let it be clear who you are talking to

2. Make the request clear and brief

3. Be sure to ask if there are any clarifications to the request

4. When closing the request be sure to include the time limits for which you want the request to be completed

5. Monitor the progress if the request was completed and correct where necessary

3 0

3 years ago

Which of the following is subject to importing and exporting?

MArishka [77]

Answer: a. both finished products and intermediate goods

Explanation:

Both finished goods and intermediate goods can either be imported or exported. If a company that is selling goods at the merchandising level sources the goods from outside, they would be importing a finished good and the company that sent it to them would be exporting same.

Sometimes however, producers would import an intermediate good to help them finish production or to even develop the good further for instance Apple buying screens for phones from Korea. Apple would be importing a intermediate good in this scenario and Korea would be exporting it.

5 0

3 years ago

(a) Explain the quantity theory and(b) how does the theory explains the cause of inflation​

(a) Explain the quantity theory and(b) how does the theory explains the cause of inflation