Business

a. Complete the following diagram. 1.) Using the line drawing tool, draw a long-run aggregate supply curve for any value of GDP greater than $2 trillion. Label it "LRAS'. 2.) Using the 3-point curved line drawing tool, draw a short-run aggregate supply curve. Label it 'SRAS'. Carefully follow the instructions above, and only draw the required objects. b. Which of the following factors will shift the short-run aggregate supply curve but not the long-run AS? O A. A decrease in capital B. A decrease in labor productivity Price level C. A permanent decrease in oil production. D. An economy wide increase in wages. c. If petroleum prices increase temporarily the curve would shift to the
1 Answer
answer this problem please
1 Answer
at the accounting break-even point, mountain hardware gear sells 14,600 snowboard masks at a price of $10 each. at this level of production, the depreciation is $58,000 and the variable cost per unit is $4. what is the amount of the fixed costs at this production level?
1 Answer
dover company began operations in 2020 and determined its ending inventory at cost and at lcnrv at december 31, 2020, and december 31, 2021. this information is presented below. 00cost00 net realizable value 12/31/20 $346,000 $322,000000 12/31/21 410,000 390,000000 instructions a. prepare the journal entries required at december 31, 2020, and december 31, 2021, assuming inventory is recorded at lcnrv and a perpetual inventory system using the cost-of-goods-sold method. b. prepare journal entries required at december 31, 2020, and december 31, 2021, assuming inventory is recorded at lcnrv and a perpetual system using the loss method. c. which of the two methods above provides the higher net income in each year?
1 Answer
What is a common risk associated with outsourcing softwaredevelopment?a) risk of breach of confidential informationb) lack of flexibility to respond to rapid market changesc) short term contracts
1 Answer
What are example types of momentum as a key quant factor in the stock market? which answer is right?a) hiring momentumb) earnings momentumc) operational efficiency momentum
1 Answer
the following data have been recorded for the production of product a-11 in the current period. direct materials cost was $2,039. a total of 32 direct labor-hours and 175 machine-hours were worked to make the product. the direct labor wage rate is $14 per labor-hour. the company allocates manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $15 per machine-hour. the total cost for product a-11 for the current period would be:
1 Answer
Bob wants to sell his home and doesnt want to pay a fee, but he realizes he might have more prospects if he uses a broker. Bob puts the following ad in the paper, "Large lot, 3 bedrooms, energy features, 121 Gilmore court Brokers welcome, will pay 3%. " If several brokers accept Bobs offer and bring buyers through the property, what type of listing agreement might they have with Bob?
1 Answer
wireless solutions reports operating expenses of $935,000. operating expenses include both rent expense and salaries expense. prepaid rent increases during the year by $25,000 and salaries payable increases by $17,500. what is the cash paid for operating expenses during the year?
1 Answer
In the perfectly competitive market, all firms in the market are assumed to be producing: a. complementary products. b. identical products. c. differentiated products. d. products that are heavily advertised.
1 Answer
Which quality term refers to the degree to which the product or service design specifications are met?
1 Answer
Explain the impact that two different backgrounds could have on the interpretation of text
1 Answer
(l.o. 1) on january 1, 2020, alton co. purchased $100,000 of 10%, olson, inc. bonds with interest payable on july 1 and january 1 for $107,000. on february 1, 2020, alton purchased $100,000 of 12%, ehrlich co. bonds with interest payable on august 1 and february 1 for $95,000. alton classifies the olson and ehrlich bonds as trading debt securities. on december 31, 2020, the fair value of the olson and ehrlich bonds are $110,000 and $94,000, respectively. at december, 2020, what adjusting entry should be made by alton
1 Answer
Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the property with his own funds at a cost of $20,000. Mr. Smith has decided after completing the building to approach Duce Bank to borrow and mortgage the new building with a $16,000 loan. Is Duce Bank likely to provide the $16,000 in financing
1 Answer
promotion helps consumers because it group of answer choices informs consumers and places them in a position to specify the products that they seek. tends to be informative and not persuasive. costs billions of dollars each year, which stimulates the u.s. economy. persuades consumers to make the right choices. always stresses wholesome values, which benefits society.
1 Answer
when inflation falls, people question 2 options: make less frequent trips to the bank and firms make less frequent price changes. make less frequent trips to the bank while firms make more frequent price changes. make more frequent trips to the bank while firms make less frequent price changes. make more frequent trips to the bank and firms make more frequent price changes.
1 Answer
If a firm can create important complements to its original product, it has a. created an uncontrollable factor that can change the demand for its product b. created an uncontrollable factor that cannot change the demand for its product c. created a controllable factor that can change the demand for its product d. created a controllable factor that cannot change the demand for its product
1 Answer
Suppose the government imposes a tax in a certain market in order to internalize an externality. This type of policy is based on which of the ten principles of economics? a. Markets are usually a good way to organize economic activity. B. People respond to incentives. C. People face trade-offs. D. The cost of something is what you give up to get it
1 Answer
iris company has provided the following information regarding two of its items of inventory at year-end: there are 100 units of item a, having a cost of $20 per unit, a selling price of $24 and a cost to sell of $6 per unit. there are 50 units of item b, having a cost of $50 per unit, a selling price of $56 and a cost to sell of $4 per unit. how much is the ending inventory using lower of cost or net realizable value?
1 Answer
What benchmark is used for standard pace?What advantages does the continuous method of watch recordingoffer over the snapback method?Why are allowances applied to the normal time?topic: Ergonomic
1 Answer
When making a payment from the petty cash fund for postage stamps, the following journal entry is made. a. debit supplies; credit petty cash b. debit postage expense; credit petty cash c. debit miscellaneous expense; credit petty cashd. no entry is made.
1 Answer
Prepare the necessary journal entries on the books of Tri-State Carpet Company to record the following transactions, assuming a periodic inventory system.a. Tri-State purchased $40,000 of merchandise on account, terms 2/10, n/30.b. Returned $4,000 of damaged merchandise for credit.c. Paid for the merchandise purchased within 10 days.
2 Answers
A car manufacturer requires tires. Inventory consumption is constant at 600 tires per day. Lead time is normally distributed with a mean of four days and a standard deviation of one day. If the manufacturer wishes to avoid a stockout with probability P(z < +2.00), what should the reorder point be?
1 Answer
Effective first time managers volunteer for special projects.O TrueO False
1 Answer