Answer:
The balance in the Work in Process inventory at the month end is $60
Explanation:
Work in Progress : It is a sum of direct material, direct labor and overhead expense. It shows how much percentage of work is left in the company. The work part left in the company is called work in progress.
For computing the Job 3 work in progress, the calculation part is shown below.
= Direct material + Direct labor + overhead expense
= $30 + $10 + 200% × 10
= $30 + $10 + $20
=$60
Hence, the balance in the Work in Process inventory at the month end is $60
Answer:
The consumption and GDP will increase.
Explanation:
Consumption can be defined as the purchase of final goods and services with the motive to derive utility or satisfaction. Consumption expenditure is included in the GDP of an economy.
If an American student purchases a personal computer made by a company located in California, it will be recorded as consumption.
This will cause consumption to increase. Since consumption is included in GDP, the GDP will increase as well.
Answer:
A-True
B-True
C-True
D-True
E-True
Explanation:
To begin with, according to a report done on 2018 by the United Nations Office on Drugs and Crime The United States is increasing highly its number of drugs consumption regarding the fact that the american territory is growning as an illegal drugs' destination. Moreover, just like other countries that have high gross national income per capita the more citizens they have the more they consume regarding the fact that both rich and poor tend to drug addiction and therefore that those countries tend to be destinations for drugs. In addition, countries with the lowest gross national income per capita tend to be the ones that produce the drugs according to a report done by the government of The United States called ''the black list'' of country producers and where of 22 countries in the list, 17 of them are latinamerican countries that have low gross national income per capita.
To continue, the drug traffic around the world involves nearly all regions of the globe regarding the fact that they may either a source or a destination for the drugs. Furthermore, taking China for example, a great hotbed of illegal drug activity that has been increasing over the years.
Answer and Explanation:
1. At 0fficial exchange rate:
100 * 0.5 = $50
what I want to buy would be purchased at $50
at market exchange rate:
0.25 x 100 = $25
products bought from this place are not a good deal as I am paying more than the market exchange rate.
2. at equilibrium exchange rate:
100 x 0.25% = $25
the price is $25
3. from answers 1 and 2, I will not want demand Stan's rupees. the products are costly to get.
4. Stan's currency is obviously overvalued. the people from this country now has increased purchasing power so they can purchase goods in dollars, therefore they would be supplying their currency.
5. They will have to buy up the surplus of rupees so that they can easily keep up with maintaining the rupee at half a dollar.
Answer:
When the government increases the level of government purchases it will shift the aggregate demand curve to the right. But at the same time a decrease in private consumption and private investment will lower total aggregate demand. Private consumption is far more important and larger than government spending.
The war with Iraq also increased the national deficit and total national debt, which increases the total amount that the government must pay in interests for the national debt, which also lowers aggregate demand since a large portion of the national debt is held by foreign investors.