When the Federal Reserve increases the federal funds interest rate, the short-run impact of the action is
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investment spending declines and the aggregate demand curve shifts to the left |
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investment spending declines and the short-run aggregate supply curve shifts to the left |
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investment spending increases and the aggregate demand curve shifts to the right |
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investment spending increases and the short-run aggregate supply curve shifts to the right |
If the Federal Reserve decreases the federal funds interest rate, in the short run
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only prices increase |
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employment, production and prices decline |
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employment and production rise but prices fall |
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employment, production and prices rise |
If the Federal Reserve decreases the federal funds interest rate, as the economy transitions from the short run to the long run
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wages rise and the aggregate demand curve shifts to the left |
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wages decline and the short-run aggregate supply curve shifts up/left |
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wages rise and the short-run aggregate supply curve shifts up/left |
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wages rise and the short-run aggregate supply curve shifts down/right |
In the long-run, the only lasting impact of monetary policy is on
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prices |
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production |
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employment |
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spending |
In: Economics
this is my essay
Capitalism is one of the most universally loved and hated system. I agree with the three points the author pointed out to show the good facts about free-market capitalism. There was always a big conflict between capitalism and socialism. Many people think that capitalism is the most important factor for economic growth and development, and many people think that capitalism is the cause of social suffering. the confrontation between capitalism and socialism seemed to be a zero-sum conflict in which one side made a profit at the expense of the other Over time, many disputes and conflict suppression brought about Anarcho capitalism, benevolent capitalism, Clony capitalism and free-market capitalism. My conclusion: The best way to deal with the conflict between capitalism and socialism was given by Mohandas Column Shandhi about 100 years ago.he described in Swaraj the underlying theory behind the book that first develops the poorest part of the country with education and enough employment and then from the poor to the poor But most of the theories of capitalism are tested first on capital, resulting in social imbalances. poor people tend to move to the capital for a better future and engage in exploitation.
this essay questioned by professor saying that "But most of the theories of capitalism are tested first on capital, resulting in social imbalances. poor people tend to move to the capital for a better future and engage in exploitation." Please explain.
In: Economics
What is the present value of the following annuity? $704 every quarter year at the end of the quarter for the next 5 years, discounted back to the present at 16.09 percent per year, compounded quarterly?
In: Finance
| sales | 155 | 187 | 266 |
| quarter | 1 | 2 | 3 |
using the following data:
A. what proportion of the variability in sales can be explained by the model?
B. predict the sales in the fourth quarter.
In: Statistics and Probability
FIFO Perpetual Inventory
The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows:
| Date | Transaction | Number of Units |
Per Unit | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Apr. 3 | Inventory | 60 | $225 | $13,500 | ||||
| 8 | Purchase | 120 | 270 | 32,400 | ||||
| 11 | Sale | 80 | 750 | 60,000 | ||||
| 30 | Sale | 50 | 750 | 37,500 | ||||
| May 8 | Purchase | 100 | 300 | 30,000 | ||||
| 10 | Sale | 60 | 750 | 45,000 | ||||
| 19 | Sale | 30 | 750 | 22,500 | ||||
| 28 | Purchase | 100 | 330 | 33,000 | ||||
| June 5 | Sale | 60 | 790 | 47,400 | ||||
| 16 | Sale | 80 | 790 | 63,200 | ||||
| 21 | Purchase | 180 | 360 | 64,800 | ||||
| 28 | Sale | 90 | 790 | 71,100 | ||||
Required:
1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.
| Dunne Co. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ended June 30 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| Purchases | Cost of Goods Sold | Inventory | |||||||
| Date | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost |
| Apr. 3 | $ | $ | |||||||
| Apr. 8 | $ | $ | |||||||
| Apr. 11 | $ | $ | |||||||
| Apr. 30 | |||||||||
| May 8 | |||||||||
| May 10 | |||||||||
| May 19 | |||||||||
| May 28 | |||||||||
| June 5 | |||||||||
| June 16 | |||||||||
| June 21 | |||||||||
| June 28 | |||||||||
| June 30 | Balances | $ | $ | ||||||
-- Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account.
| Record sale | |||
| Record cost | |||
-- Determine the gross profit from sales for
the period.
$______
-- Determine the ending inventory cost as of
June 30.
$____________
-- Based upon the preceding data, would you expect the ending
inventory using the last-in, first-out method to be higher or
lower?
In: Accounting
Question is, is this activity a fraudulent one, ie stuffing the channel to pull in sales. You all know the answer. It depends, there is nothing necessarily wrong about pulling in a sale, if there is a good business reason, and offering sales prices to do so is acceptable. But, if it is material and will create unnatural deficit in sales in the next quarter, as the customer will obviously not need more goods, it would be a problem if not disclosed. So it may nor may not be a problem from an accounting point of view. From a business point of view, how do you view this. As a shareholder, would you be very happy with the actions of management. Could they have done this to get a bonus they did not deserve. Potentially cause a fraud. What about the loss of profit on the sale. Believe it or not, this behavior is not that uncommon. What do you think of the business practice.
In: Accounting
IncorrectQuestion 3
0 / 1 pts
Which of the following would represent the least likely use of an income statement prepared for a business enterprise?
Use by customers to determine a company's ability to provide needed goods and services.
Use by labor unions to examine earnings closely as a basis for salary discussions.
Use by government agencies to formulate tax and economic policy.
Use by investors interested in the financial position of the entity.
What might a manager do during the last quarter of a fiscal year if she wanted to improve current annual net income?
Increase research and development activities.
Relax credit policies for customers.
Delay shipments to customers until after the end of the fiscal year.
Delay purchases from suppliers until after the end of the fiscal year.
In: Finance
Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced: April 1,100 units May 1,250 units June 1,300 units Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.15 per unit and component B cost is $.85 per unit. 7. Calculate the Direct Material budgeted cost for May 2018 8. Calculate the Direct Material budgeted cost for the quarter April - June 2018 9. The raw materials inventory policy is 0 ending inventory, 0 beginning inventory. How much inventory of component A is required in April 2018? Each unit requires the following labor: 2 hours in the processing department 1 hour in the assembly department Processing department labor rate is $5/hour Assembly department labor rate is $7/hour Using the information from the production budget of Tangshang Industries 10. Calculate Total Direct Labor Cost in the processing department for the quarter April – June 2018. 11. Calculate Total Direct Labor Cost for June 2018. 12. Calculate Total Direct Labor Cost for the quarter April – June 2018. Variable Factory overhead is $.60 per unit Fixed Factory overhead is $1,000 monthly Using the information from the production budget of Tangshang Industries 13. Calculate total variable overhead cost for May 2018 14. Calculate total variable overhead cost for the quarter April - June 2018 15. Calculate total overhead cost for the quarter April - June 2018 16. Calculate total product cost for the quarter April - June 2018 17. Calculate total product cost per unit for the quarter April - June 2018 18. If the sale price is $34.00, what will be the Gross Profit per unit? 19. If the sale price is $34.00 for the units produced during the quarter, what will be the Total Gross Profit?
In: Finance
Based on the data presented in the Spreadsheet below (Cash Budget tab), calculate the cash receipts for the first quarter of this year.
Complete your calculations by filling in the highlighted cells. Discuss your observations about the way cash is collected if the company needs $150,000 per month for expenses.
| Cookie Business | ||||
| The budgeted credit sales are as follows: | ||||
| December last year | $ 250,000 | |||
| January | $ 125,000 | |||
| February | $ 300,000 | |||
| March | $ 90,000 | |||
| Collection: | ||||
| Month of the sale | 80% | |||
| Month following the sale | 20% | |||
| Estimated cash receipts | ||||
| January | February | March | ||
| Last month's sales | ||||
| Current month's sales | ||||
| Total | ||||
In: Accounting
Stan wants to have $80,000 available in four years. What size quarterly deposits does Stan have to make into an account that pays 12.8% annual interest (APR), compounded quarterly, to accomplish his goal? Assume the first deposit is made in one quarter.
$1,744.52
$4,135.95
$6,466.64
$3,906.64
Holly wants to have $40,000 available in year 2024. Holly plans to make annual deposits into an account paying 12.3% (APR) in years 2019 through 2021. What size annual deposits does Holly need to make to accomplish her goal?
$9,414.55
$8,345.91
$11,819.88
$13,303.65
In: Finance