Answer:
The unit costs for materials is $1.62 per unit
The unit costs of conversion costs is $2.13 per unit
Explanation:
In determining the the unit production costs for materials and conversion costs, it is very important to calculate equivalent number of units applicable to materials as well as the one applicable to conversion costs
Equivalent units for materials
Completed units 40000 @100% complete 40000
Ending inventory [email protected] 100% complete <u>20000</u>
<u>60000</u>
Equivalent units for conversion costs
Completed units [email protected]% 40000
Ending inventory 20000 @ 30% complete <u>6000</u>
<u>46000</u>
unit production costs of materials=$96960/60000=$1.62 per unit
unit production costs of conversion costs=$97860/46000=$2.13 per unit
At the end of five years, the total number of dollars in this investment would be $137,843.79.
<h3>What would be the value of the account at the end of 5 years?</h3>
When the account is compounded bi-monthly, it means that the amount invested and the interest already earned increases in value by 1% every two months.
The formula for calculating the amount that would be in the investment after years is>
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
$24,000(1.01)^(5x6) = $137,843.79
To learn more about future value, please check: brainly.com/question/18760477
Answer:
the spending and tax policy that the government pursues to achieve particular macroeconomic goals.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
Fiscal policy typically includes the spending and tax policy that a government pursues in order to achieve particular macroeconomic goals such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented.
