Answer:
See the explanation below.
Explanation:
<u>Details Amount ($) </u>
Issued common stock 74,000
Dividend paid (13,000)
Settlement of note payable (120,000)
Treasury stock acquired <u> (120,000) </u>
Net cash flows from financing activities <u> (179,000) </u>
Answer:
The correct answer is: substitution by consumers toward goods that have become relatively less expensive and away from goods that have become relatively more expensive.
Explanation:
The CPI or consumer price index measures the change in the general price level through a basket of commodities that are generally purchased by the consumers.
The CPI does not always correctly estimate the inflation rate. This is because CPI does not include changes in the quality or substitution of expensive goods for cheaper ones.
When the price of a commodity increase, the consumers will substitute it for its cheaper substitute. So consumer spending will not change. But the CPI will increase as it will not include this substitution. The CPI will thus overestimate inflation.
Answer: The correct answer is "B. $2,160."
Explanation: First we must calculate the total costs
Total cost = Goods in process inventory + Direct materials + Direct labor + Overhead.
Total cost = $5400 + $21600 + $16200 + $10800 = $ 54000.
Then the total transferred out =
Total transferred out = Total cost - units in the final inventory of goods in process.
Total transferred out = $54000 - $4590 = $49410.
Now we must know the beginning goods in process transferred out =
BGIP Transfered = Total transfered out - units started and completed.
BGIP Transfered = $49410 - $41850 = $7560
And finally we calculate the cost to complete the begining goods in process inventory which is =
Cost to complete BGIP = BGIP transfered out - Goods in Process Inventory Balance.
Cost to complete BGIP = $7560 - $5400 = <u>$2160</u>
Answer:
The basic objective of planning is to exercise control over the private sector of an economy. ... When the economic resources of the country are rationally arranged with a predetermined purpose, it is called economic planning. It usually refers to planning by the State.
hope it helps
