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3 years ago

1. The IS curve plots the relationship between the interest rate and that arises in the market for .

Business

1 answer:

Julli [10]3 years ago

6 0

Answer:

The correct answer is a. national income; goods and services

Explanation:

This is a relationship that we use in macroeconomics.

The IS curve describes the combinations of two variables , they are interest rate and the level of income, when the market of goods and services is in equilibrium.

So, The IS curve plots the relationship between the interest rate and national income that arises in the market for goods and services

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Hou Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly De

Fofino [41]

Answer:

The journal entry is shown below:

Explanation:

Factory overhead is the term which is defined as the cost or expense which take place during production procedure. And it does not involve the cost in relation to direct labor and direct material.

The journal entry to apply the overhead to these production departments is as follows:

Work in Progress Inventory - Assembly A/c..............Dr $112,500

Work in Progress Inventory - Finishing A/c................Dr $ 31,500

Factory Overhead A/c....................................................Cr $144,000

Being the entry for applying the overhead is recorded

Working Note:

Work in Progress Inventory - Assembly = $125,000 × 90%

Work in Progress Inventory - Assembly = $112,500

Work in Progress Inventory - Finishing A/c = $35,000 × 90%

Work in Progress Inventory - Finishing A/c = $31,500

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3 years ago

An investor interested in obtaining the benefit of professional portfolio management has been tracking a particular investment c

Evgen [1.6K]

Answer:

C. an open-end fund

Explanation:

An open end fund also known as mutual fund is a diversified investment portfolio that does not have a limit in terms of shares that can be issued. In an open end fund, when shares are purchased by investors, more shares are created likewise shares are taken out of circulation when they are sold.

Majority of open end funds - mutual funds can issue new shares at all times as per response to the demand by investors. Shares bought and sold in open end fund are priced daily based on their current net asset value (NAV) . Example of open end funds are hedge funds, mutual funds, exchange traded funds (ETFs)/etc.

7 0

3 years ago

At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba

Varvara68 [4.7K]

Answer:

b. Products were overcosted in 2013

Explanation:

When determining the cost of a product, we consider only the Overheads Applied.

Applied Overheads are calculated as :

Pre-determined Overhead Rate multiplied by Actual Activity

Predetermined Overhead Rate is calculated as follows :

Budgeted Overheads divided by Budgeted Activity

Predetermined Overhead Rate = $25,000/2,000 units

= $ 12.50 per unit

Applied Overheads = $ 12.50 per unit × 2,200 units

= $ 27,500

The Overheads Applied are then Compared to Actual Overhead Cost to determine is the Overheads where Over or Under Applied

Therefore our case presents the following:

Applied Overheads ($ 27,500) >Actual Overheads ($25,000)

Therefore, we have an Over-Application situation.

Over-Applied Overheads are $2,500

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3 years ago

Economics is best defined as the study of how societies deal with

lutik1710 [3]

Answer:

The division of labor.

Explanation:

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3 years ago

Questioñ 2 (1 point)

BlackZzzverrR [31]

Answer:

business, management, and administration cluster

Explanation:

Business Management and Administration Career Cluster emphases on careers in planning, organizing, directing, and evaluating business functions.

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3 years ago

1. The IS curve plots the relationship between the interest rate and ______ that arises in the market for ______.

1. The IS curve plots the relationship between the interest rate and that arises in the market for .