Answer:
C) Output fall and prices rise
Explanation:
In an aggregate supply, aggregate demand model, price level is the Y axis, and output is the X axis. Supply is positively related with price: the higher the price, the more firms produce.
However, to produce someting, firms need to employ the factors of production: land, labor and capital. The wages firms pay to workers, and the rent firms pay for land and capital are the production costs. If these costs rise, then, the products will become more expensive.
This increase in price will be met with lower demand; less customers will be willing to purchase the product, and therefore, the firms will start producing less until reaching a new equilibrium.
Answer:
1. Executing
2. Directing
3. Continuous process improvement
Explanation:
According to Managerial Accounting Concepts and Principles
1. All of the following are considered phases of the management process except EXECUTING
2. The process by which managers run day-to-day operations is called DIRECTING
3. CONTINUOUS PROCESS IMPROVEMENT is the philosophy of continually improving employees, business processes, and products.
Answer:
$20,000
Explanation:
Since the cost is allocated equally, the depreciation expense on the purchased equipment will be calculated as:
= <u>Cost of equipment- Scrap value</u>
Useful life
= <u>$100,000 - $0</u>
5 years
= $20,000
Based on the above, the depreciation expense for the year that must be recognized by Noonan Company is $20,000.
Answer:
June 15th, 2017
accounts receivables 2,000 debit
sales revenues 2,000 credit
July 15th, 2017
cash 2,000 debit
accouns receivables 2,000 credit
Explanation:
The contract is perform when Cosmo delvier the goods to Greig than aren't rejected. Greig accepted the good thus, the contract is valid from that date.
