Answer:
a. $92,000
Explanation:
Journal Entries
Dr. Cr.
Purchase of Inventory
Raw Material Inventory $76,500
Cash / Account Payable $76,500
Transferred to production
Work in Process $88,700
Manufacturing overhead $3,300
Raw Material Inventory $92000
So, Raw Inventory account is credited By $92,000.
It is false that Friedrich hayek advocated for the concepts of laissez-faire economic thought and free.
<h3>What is Hayek theory?</h3>
Hayek theory is on interest rate and how it is an important determinant in economy especially investors.
Savers and investors are very much interested in interest rate as the higher rate the better for them through time. Laissez-faire believes in allowing things to unfold itself without interfering.
Therefore, It is false that Friedrich hayek advocated for the concepts of laissez-faire economic thought and free.
Learn more Hayek theory below
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Answer:
Price Quantity demanded Quantity demanded
business travelers vacationers
$150 2,100 1,000
$200 2,000 800
$250 1,900 600
$300 1,800 400
using the midpoint method:
- price elasticity of demand for business travelers = {(1,900 - 1,800) / [(1,900 + 1,800) / 2]} / {(250 - 300) / [(250 + 300) / 2]} = (100 / 1,850) / (-50 / 275) = 0.054 / -0.182 = -0.3
- price elasticity of demand for vacationers = {(600 - 400) / [(600 + 400) / 2]} / {(250 - 300) / [(250 + 300) / 2]} = (200 / 500) / (-50 / 275) = 0.6 / -0.182 = -3.3
Therefore, the demand for airline tickets in this price range is elastic for vacationers because business travelers are sensitive to changes in price? <u>FALSE, the demand for airline tickets for vacationers is elastic because vacationers are very sensitive to the changes in price, while business travelers aren't.</u>
Lyon need a different job I think. Cause that what’s 20thousa d less then what my mothers in law makes?
Answer:
<h2>An expansionary monetary policy by the Federal Reserve would lead to an <u>increase </u> in the demand for US assets and a <u>depreciation</u> in the value of US dollars.Hence the correct answer is option D) or increase;depreciate.</h2>
Explanation:
An expansionary monetary policy commonly entails expansion of money supply thereby reducing the eventual interest rate in order to boost or stabilize the Aggregate Demand(AD) and overall output level or GDP in the economy.Now,as the domestic interest would fall in US due to the expansionary speculations and inflationary indications(increase in money supply),it would consequently lower the value of the US dollars relative to other foreign currencies.This implies that US dollar would depreciate compared to other foreign currencies.This possibility would encourage the importers and international investor or financiers to become more attracted towards the US goods,services and financial assets thereby increasing their demands.Therefore,a depreciation of US dollars would essentially lead to an increase in the demand for US assets in the international market as depreciation of US dollars would also lower the value of US assets in the international market.
