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Step2247 [10]
2 years ago
15

Which type of inflation occurs when prices are high, then drop due to lower demand, and then are restored to a previous high lev

el? a) hyperinflation b) disinflation c) inflation d) reflation
Business
1 answer:
natta225 [31]2 years ago
8 0

Answer:

Reflation

Explanation:

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Richards Corporation uses the weighted-average method of process costing. The following information is available for October in
Lemur [1.5K]

Answer:

$2.64 per units

Explanation:

The computation of the cost per equivalent unit of material is shown below:

Cost per equivalent unit is

= (Beginning conversion cost + cost incurred during October) ÷ (Total equivalent units)

= ($99,700 + $939,300) ÷ (390,000 units  + (40,000 units × 10%))

= $1,039,000 ÷ 394,000 units

= $2.64 per units

We simply applied the above formula

8 0
2 years ago
Julie Brown is a single woman in her late 20s. She is renting an apartment in the fashionable part of town for $1,000 a month. A
Yakvenalex [24]

Answer:

a. Julie should continue live in her own apartment.

b. She should then purchase the condo

c. Home maintenance cost and tax benefit.

d. She should live in her own apartment and rent the condo after purchase.

Explanation:

Buying cost of condo $175,000

Loan interest amount  $8,400 [ $175,000 * 80% * 6%]

Insurance premium $10  [560 - 550]

Property taxes $1,000

Maintenance expense $875  [$175,000 * 0.5%]

Total additional cost per year $10,280

If Julie plans to buy the condo she will have to incur additional cost of $10,280 per annum.

b. If the price of condo increases by 3.5% per year then she should consider buying the condo.

5 0
2 years ago
The Skagit Company manufactures Hooks and Nooks. The following shows the activities per product and total activity information:
gladu [14]

Answer:

Total factory overhead to be charged to each unit of Hooks is $33

Explanation:

Sum of all Activity Cost = Total Factory Overhead

Calculate the total factory overhead to be charged to each unit of Hooks

Activity rate = Budgeted amount / Total of each activity base

∴ Activity Rate

      For Setups = 60,000 / 20,000 = 3 per setup

      For Inspections = 120,000 / 24,000 = 5 per inspections

      For Assembly = 420,000 / 28,000 = 15 per dlh

Activity Cost = Activity base for each unit * Activity rate

∴ Activity Cost

      For Setups = 1 x 3 = $3

      For Inspections = 3 x 5 = $15

      For Assembly = 1 x 15 = $15

Recall that;

Sum of all Activity Cost is the Total Factory Overhead

= $3 + $15 + $15

= $33

8 0
2 years ago
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
CaHeK987 [17]

Answer:

(D) $4,055

Explanation:

To find the adjusted book balance, we need the ending balance of the cash book:

Book balance                                  $4,725

Less: bank service charges                 (25)

Less: EFT                                             (380)

Less: NSF check returned by bank   (265)

<em>Adjusted book balance</em>                  <u>$4,055</u>

Since bank service had been deducted from the bank, Maxis clothing had to deduct the same amount. When bank deducts any money, generally it notifies through text message or sometimes does not notify directly. Therefore, It had to be deducted from the cash book.

Maxi's accounts receivable paid him a check and the firm immediately added the amount to the cash book. When the accountant went for depositing the check, there were not sufficient fund (NSF). Therefore, the amount did not add to the bank balance. Hence, the firm had to deduct it again.

Through Electronic Fund Transfer (EFT), a payment had been made by the bank for Maxi clothing. Since the expense did not deduct from the cash book, the amount had to deduct it to get the adjusted book value.

7 0
2 years ago
McClary Tires plans to save $20,000, $25,000, $27,500, and $30,000 at the end of each year for Years 1 to 4, respectively. If it
fomenos

Answer:

Total= $107,130.79

Explanation:

Giving the following information:

McClary Tires plans to save $20,000, $25,000, $27,500, and $30,000 at the end of each year for Years 1 to 4, respectively.

The discount rate is 3.3%.

To calculate the future value, we need to use the following formula for each cash flow:

FV= PV*(1+i)^n

Cf1= 20,000*1.033^3= 22,046.06

Cf2= 25,000*1.033^2= 26,677.23

Cf3= 27,500*1.033= 28,407.5

Cf4= 30,000

Total= $107,130.79

4 0
2 years ago
Read 2 more answers
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