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3 years ago

According to the cost-push theory , what is responsible for inflation?

Business

2 answers:

lara31 [8.8K]3 years ago

8 0

Producers raise prices to meet increased costs .

Tasya [4]3 years ago

6 0

When resources are low, businesses know that they can increase their prices because people need them desperately.

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Rent received Rs. 10,000/-

ale4655 [162]

Answer:

Okay, but where is the question or it's free points?

5 0

3 years ago

Read 2 more answers

Free trade ________. a. is another term for managed trade b. proposes that national governments should directly help domestic fi

MatroZZZ [7]

Answer:

c. implies that the national government exerts minimal influence on the exporting and importing decisions of private firms

Explanation:

Free Trade is a trade policy by the govt of various countries to remove the restriction from the imports and exports of goods and services which is ideal for the international trade.

Trade-in services without taxes or other trade barriers, Unregulated access to market information, increase economic growth and lower the government spendings and also allows for the technology transfer. It also leads to jobs outsourcing.

3 0

4 years ago

A. On April 1, the company hired an attorney for a flat monthly fee of $2,500. Payment for April legal services was made by the

Crazy boy [7]

Answer:

A. Apr 30

Dr Legal fees expense 2,500

Cr Legal fees payable 2,500

May 12

Dr Legal fees payable 2,500

Cr Cash 2,500

B. Apr 30

Dr Interest expense 2,175

Cr Interest payable 2,175

May 20

Dr Interest expense 4,350

Dr Interest payable 2,175

Cr Cash 6,525

C. Apr 30

Dr Salaries expense 5,600

Cr Salaries payable 5,600

May 03

Dr Salaries expense 8,400

Dr Salaries payable 5,600

Cr Cash 14,000

Explanation

Preparation of the adjusting entry for both April 30 and the subsequent entry during May to record the payment of the accrued expenses.

A. Apr 30

Dr Legal fees expense 2,500

Cr Legal fees payable 2,500

May 12

Dr Legal fees payable 2,500

Cr Cash 2,500

B. Apr 30

Dr Interest expense 2,175

Cr Interest payable 2,175

May 20

Dr Interest expense 4,350

(6,525-2,175)

Dr Interest payable 2,175

Cr Cash 6,525

C. Apr 30

Dr Salaries expense 5,600

(14,000*2/5)

Cr Salaries payable 5,600

May 03

Dr Salaries expense 8,400

(14,000*3/5)

Dr Salaries payable 5,600

(14,000*2/5)

Cr Cash 14,000

4 0

4 years ago

IN the economic order quantity model, if carrying costs increase while all other costs remain unchanged, the number of orders pl

kotegsom [21]

Answer:

b. decrease

Explanation:

In the EOQ model, if carrying costs increase while all other costs remain unchanged, the number of orders placed would be expected to decrease.

Carrying cost is placed in denominator of the EOQ formula hence as we increase denominator the total quantity will fall. If the carrying cost is high, then we would place lesser order to reduce such costs.

Also, if carrying costs decrease while all other costs remain unchanged, the number of orders placed would be expected to decrease because there is already excess of inventory due to which the new orders have to be decreased to utilize the already pending inventory.

4 0

3 years ago

The petty cash custodian reported the following transactions during the month. Prepare the journal entry to record the replenish

SpyIntel [72]

Answer:

Petty Cash Fund $92 (debit)

Cash $92 (credit)

Explanation:

Petty Cash Custodian is granted an amount of money for petty cash expenses at the beginning of the period.

The Petty Cash Accounts depletes the Petty Cash Custodian incurs expenses during the period

The following journals shows show the Petty Cash Depletes

Coffee - Starbucks $13 (debit)

Supplies - Office Depot $ 46 (debit)

UPS - Delivery Costs $ 33

Petty Cash (credit) $92

The Petty Cash depleted by $92 during the period. The Petty Cash account has to be replenished by this amount from the Cash Book

3 0

3 years ago