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2 years ago

When the government changes either its spending or tax policy to pursue economic objectives, it has changed its:___.

Business

1 answer:

Debora [2.8K]2 years ago

8 0

Answer:

A. fiscal policy. and C. monetary policy.

Explanation:

What is Fiscal Policy?

The government's use of taxes, spending, and transfer payment to promote economic growth and stability.

What is Monetary Policy?

The action the Fed takes to control the money supply and the rate of inflation in the economy.

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Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 7

guapka [62]

Answer:

1. a. 81,500

2. $38,481

3. $461,382

Explanation:

The equivalent units for conversion costs during February.

Conversion Costs = 15,700 x 65% + 62,900 x 100% + 10,100 x 85 %

= 81,690 units

Material Costs = 15,700 x 0% + 62,900 x 100% + 10,100 x 100 %

= 73,000 units

The amount of direct materials cost assigned to ending work-in-process inventory at the end of February.

Step 1 : Determine Cost per Equivalent unit

Conversion Costs = $168,000 ÷ 81,690 units = $2.06

Material Costs = $278,000 ÷ 73,000 units = $3.81

Total Cost = $2.06 + $3.81 = $5.87

Step 2 : Direct Material Cost assigned to ending work-in-process

Ending work-in-process (Material Cost) = 10,100 x $3.81

= $38,481

The cost of the goods transferred out during February.

Cost of the goods transferred out = $5.87 x 78,600

= $461,382

8 0

2 years ago

Off-the-shelf accounting software is not adequate to meet the needs of small businesses. True or False True False

BabaBlast [244]

Answer:

True

Explanation:

Small Business face different operational and managerial circumstances compared to established business.

Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.

Thus a customized accounting software is most suitable to meet the needs for small businesses

8 0

2 years ago

What is the role of the Federal Reserve in the U.S. economy?

lys-0071 [83]

Answer: The correct answer:

A. Managing monetary policy.

5 0

1 year ago

g rporation's budgeted sales for February are $334,000. Webster pays sales representatives a commission of 6% of sales dollars.

UNO [17]

Answer:

$28,240

Explanation:

Total sales = $334,000

Variable cost:

Sales commissions = $334,000 × 6%

= $20,040

Total fixed costs = Sales manager's salary + Advertising expenses

= $5,300 + $2,900

= $8,200

Total selling expenses = Total variable cost + Total fixed cost

= $20,040 + $8,200

= $28,240

Therefore, the total selling expenses to be reported on the selling expense budget for the month of February is $28,240.

5 0

3 years ago

How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium

Degger [83]

Equilibrium price will fall; equilibrium quantity will fall.

What does Equilibrium price mean?

An Equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.

The manufacturer or vendor can sell all the units they want to move and the customer can access all the units they want to buy.

What is Equilibrium quantity?

Equilibrium quantity is when there is no shortage or surplus of a product in the market.

Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the amount being supplied by its producers.

Learn more about Equilibrium price and quantity here:

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4 0

10 months ago