Answer you are told that metal x is a better reducing agent than metal y. this must mean that:

A country is closed. It has no government sector, and its aggregate price levels and interest rates are fixed. Furthermore, the

lutik1710 [3]

Answer:

The country has closed economy; it means there is no other trading relation with, outside countries. Export imports do not affect the economy of the country, and here is no government interference as mentioned in the question. This is a self sufficient country, its demand fulfilled from inside of the country. So its aggregate price levels and interest rate are fixed. MPC or the marginal propensity to consume indicates whether there is an increase in disposable income or increase in consumption. Here consumption increases equal to the increase in the income.

MPC = ΔC /ΔY which is constant here.

The increase in income in this country is mostly permanent and increases in a fix period of time and proportionately.

C= 200 +0.75 YD (YD is disposable income), Y=75, GDP =$900

The economy achieves it’s equilibrium level when supplies meets demand or the GDP is equals to it’s total expenditure. MPC is a fraction between 0 and 1 , MPC means a change in consumption brings the change in YD . here the MPC is equals to MPS which means the change in saving bring by the change in disposable income. All income here saved or consumed. So the change in income equals to the change in consumption or saving.

MPC+ MPS = 1

So the average propensity to consume is proportionate to income which is spend on consumption. APC= C/ YD. And the average proportionate to save is equals to income saved APS= S/YD . so here APC +APS = 1. The increase in production or price leads to the increase in the total value of output, that is the equilibrium condition.

Explanation:

3 0

2 years ago

If a company adopts an accounts receivable factoring program, and accounts for the factoring as a sale of receivables, which of

horsena [70]

Answer:C. cash flow from operations may increase

Explanation:

A factoring system is one in which a firm sell his right to receive payments on it's receivable to a firm referred to as the factor as a discount in which the amount of discount represents the factor fees for taking up the risk.

The factor may be with or without recourse to the firm selling the receivable.

It's mostly entered into to reduce payment defaults and increase inflow of cash for operations.

The factor company does not need to be a consolidated company,it usually reduce the receivable and does not require a change in accounting principles.

4 0

2 years ago

Suppose an economy currently is at long-run equilibrium point E, with full-employment output (Y*) and price level P*. Given the

vivado [14]

Answer:

Consider the following calculations

Explanation:

A - Increase in oil prices decreases SRAS (SRAS shifts to the left) and increase in consumer confidence will increase AD (AD will shift to the right).

B - Household wealth falls, as a result AD will decrease (AD shifts to the left) and firms expect the price level to fall - decrease in firm's expectations about future price will cause forms to increase aggregate supply now. As a result, SRAS shifts to the right.

C - Federal reserve cuts interest rate, Therefore cost of borrowing decreases, investment increases, aggregate demand increases. AD shifts to the right.

New technology makes workers more productive. Aggregate supply increases. SRAS shifts to the right.

D - Both AD and SRAS shifts to the left.

3 0

2 years ago

Henderson Co. has fixed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the mar

Studentka2010 [4]

Answer:

25%

Explanation:

the margin of safety is the percent of sales which the company is above the break even point.

We solve for the break even point:

$\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}$

$\frac{36,000}{0.24} = Break\: Even\: Point_{dollars}$

BEP = 150,000

We solve for the margin of safety:

$ 200,000 - $ 150,000 = $ 50,000

Now we compare against our sales:

$ 50,000 / $ 200,000 = 0.25

5 0

2 years ago

The following costs and inventory data were taken from the accounts of Simon Company for 2010:

kenny6666 [7]

Answer:

Part a

Direct Materials Schedule

Beginning Materials $ 8,000

Add Purchases $83,000

Less Ending Materials ($ 7,000)

Less Indirect materials ($4,000)

Direct Materials Used in Production $80,000

Part b

Overheads Incurred during the year

$

Factory rent 8,000

Factory utilities 10,000

Indirect materials 4,000

Indirect labor 6,000

Total Overheads $28,000

Part c

Cost of Goods Manufactured Schedule

Direct Materials $80,000

Direct labor $42,000

Overheads $28,000

Add Opening Work In Process $15,000

Less Closing Work In Process ($13,000)

Cost of Goods Manufactured $152,000

Part d

Cost of Goods Sold

Beginning Finished goods Inventory $16,000

Add Cost of Goods Manufactured $152,000

Less Ending Finished Goods Inventory ($12,000)

Cost of Goods Sold $156,000

Explanation:

The following steps must be done to reach the cost of goods sold :

Use the Manufacturing Cost Schedule to calculate the Cost of Goods Manufactured
Use the Finished Goods Inventory Account to calculate the Cost of Goods Sold.

See the calculations and schedules prepared above.

8 0

2 years ago