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3 years ago

8

Assuming the total GDP is $1000 billion, if the government increases spending from $800 billion to $900 billion and the initial

interest rate was 6%, the long-term interest rate will be between 6.5% and ___%

1 answer:

Delvig [45]3 years ago

8 0

Answer:

7%

Explanation:

i got it right .

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A company uses a periodic inventory system. On April 1, the company had 9 items of beginning inventory with a cost of $13 per un

____ [38]

Answer:

$190.75

Explanation:

In this question, we are asked to use weighted average method to find the cost to which the 14 units sold is closest to.

We proceed as follows;

On April one, there were 9 items in the inventory with a cost of $13 per item. The total cost here would be 13 * 9 = $117

On April 18th, we had 15 items at $14 cost per piece which gives a total of 14 * 15 = $210

On April 29, 14 units were sold. We need to find the cost to which this was closest using the weighted cost approach.

The total costs for April 1 and 18 would be $117+ $210 = $327

The weighted average cost per unit on both dates is $327/24 = $13.625

The cost of 14 units sold would be = 14 * $13.625 = $190.75

8 0

3 years ago

Read 2 more answers

Your client invested $10,000 in an interest-bearing promissory note earning an 11% annual rate of interest, compounded monthly.

REY [17]

Answer:

The correct answer is $21,522.04.

Explanation:

According to the scenario, the given data are as follows:

Present value = $10,000

Rate of interest = 11%

Rate of interest (r) ( compounded monthly) = 11% ÷ 12 = 0.00916

time period = 7 years

Time period ( compounded monthly) (t) = 7 × 12 = 84

So, we can calculate the future value by using following method:

FV = PV × ( 1 + r)^t

By putting the value, we get,

FV = $10,000 × ( 1 + 0.00916)^84

FV = $21,522.04

7 0

3 years ago

Flounder has year-end account balances of Sales Revenue $843,779, Interest Revenue $12,160, Cost of Goods Sold $531,052, Adminis

ella [17]

Answer:

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

Dr Income Summary $745,754

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

Explanation:

Preparation for the year-end closing entries.

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

($843,779+$12,160)

Dr Income Summary $745,754

($531,052+$177,930+$36,772)

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

($855,939-$745,754)

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

5 0

3 years ago

The variable overhead rate is $9.30 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $106,140 per m

Pani-rosa [81]

Answer:

Cash= 87,910 + 9.3*direct labor hour

Explanation:

Giving the following information:

The variable overhead rate is $9.30 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $106,140 per month, which includes depreciation of $18,230.

Cash= (106,140 - 18,230) + 9.3*direct labor hour

Cash= 87,910 + 9.3*direct labor hour

8 0

3 years ago

Lakeisha is a management assistant at the Fourth Bank and Trust Company of Pasadena. Wilson is a senior vice president of the ba

Mamont248 [21]

Answer:

d. Restate that under no circumstances shall Lakeisha adopt retaliatory conduct against Wilson in the future if their relationship ends in a bad manner

Explanation:

In such a situation, Wilson decides to send Lakeisha a letter that:

Restate that under no circumstances shall Lakeisha adopt retaliatory conduct against Wilson in the future if their relationship ends in a bad manner even though the romantic attraction between Lakeisha and Wilson was very strong and they have become lovers in which Wilson is concerned that the bank and he could be accused of sexual harassment which is why The director of human resources recommends that Wilson and Lakeisha sign a "lovecontract." Despite such arrangements was not a perfect solution to liability.

4 0

3 years ago