During August, the receipts and distributions of Material No. B4G9 are as follows:
Received
Aug. 3 1,100 units at $15
16 1,700 units at $17
29 900 units at $18
Issued
Aug. 11 700 units for Job No. 116
18 1,900 units for Job No. 117
30 800 units for Job No. 118
(A) Determine the cost of each of the three issues under a perpetual system, using the
first-in, first-out method.
B)Using perpetual costing procedures, determine (1) cost of the year-end inventory
and, (2) cost of goods sold relating to this product under the moving average method
(C) Present the journal entry to record the issuance of the materials for the month,
assuming that the cost of issuances is determined by the first-in, first-out method.

THIS IS A 2 PART QUESTION FROM THE ECONOMIC WAY OF THINKING:

The important difference between police protection and food that explains why one is commonly provided by government while the other is not is that food:

A can easily be withheld from those who won't pay for it.

B it is not a traditional concern of governemtn

C it is too vital to be trusted to the government

D producers form a powerful political lobby

E provided through the government would be too inefficient

The Bureau of Economic Analysis excludes from its calculation of gross domestic product most of the goods produced that are not sold in markets because:

A Their production has no real cost

B Their value is implicitly included in marketed goods

C there is no satisfactory way to measure their value

D They do not contribute to the national welfare

E this would be inappropriate for an exchange economy

Suppose there are two countries (a capital-abundant country and a labor-abundant country) and two goods (labor-intensive good X and capital-intensive good Y). The two countries have identical demand for the two goods and are considering forming a free trade agreement. However, while this agreement received support from most voters in country A, many voters in country B were concerned that the agreement will likely widen income inequality in country B.

• Please identify which country is likely labor abundant and which country is likely capital abundant.
• Use a graph to illustrate why income inequality is likely to widen in country B after the formation of the trade agreement according to the Heckscher-Ohlin model.
• Discussion: what policy could be used to address the widening income inequality in country B?

Prior to a fire that destroyed most of its inventory, Tejada Company had inventory purchases during

the period of $40,000 and sales of $125,000. Tejada began the period with $95,000 in inventory. Tejada's

typical gross profit percentage is 20 percent. Inventory that cost $5,000 survived the fire. Using the gross

profit method, estimate the inventory loss from the fire. (Show your work.)

Assuming the ending inventory for 2013 was overstated, indicate whether each of the following will be:

1. Beginning inventory for 2014

2. Cost of goods sold for 2013

3. Stockholders’ equity at the end of 2014

4. Income before income taxes for 2014

5. Stockholders’ equity at the end of 2013

6. Cost of goods sold for 2014

1.

Suppose policy makers want to reduce NX and keep Y constant. Which of the following policies would most likely achieve this?

Group of answer choices

A real exchange rate appreciation and a tax cut.

Encourage the country's trading partners to implement policies that will decrease foreign income.

A decrease in government spending.

A decrease in government spending and an increase in the real exchange rate.

A real exchange rate appreciation.

2.

Suppose that the domestic interest rate is 5% and that the foreign interest rate is 8%. Also assume that the domestic currency is expected to depreciate by 4% during the coming year. Given this information, we know that:

Group of answer choices

the interest parity condition holds.

individuals will only hold domestic bonds.

individuals will only hold foreign bonds.

the purchasing power parity holds.

individuals will be indifferent about holding domestic or foreign bonds.

3.

Suppose Australia's one-year interest rate is 4% per year, while a foreign country has a one-year interest rate of 6% per year. Ignoring risk and transaction costs, an Australian investor should invest in foreign bonds as long as the expected yearly rate of depreciation of the foreign currency is:

Group of answer choices

less than 1%.

less than 5%.

greater than 5%.

greater than 2%.

less than 2%.

4.

For this question, assume that equilibrium output is determined in the ZZ-Y diagram. Further assume that policy makers' goals are: (1) to achieve balanced trade (i.e., NX = 0); and (2) to achieve the natural level of output, say Yn. Now suppose that the initial level of equilibrium output is equal to Y_n (i.e., Y = Y_n) and that a trade deficit exists at this initial level of output. Which of the following policy actions would most likely enable the policy makers to achieve their two goals simultaneously?

Group of answer choices

A decrease in government spending.

A decrease in taxes and increase in the real exchange rate.

Convince the country's trading partners to pursue policies that will cause an increase in foreign income.

A decrease in the real exchange rate.

None of the other answers is correct.

5. For this question, assume that a country experiences a permanent reduction in its saving rate. Which of the following will occur as a result of this reduction in the saving rate, according to Solow model without technological progress?

Group of answer choices

a permanently higher growth rate of output

a permanently slower growth rate of output

a permanently lower level of output per worker

none of the other answers is correct

no permanent effect on the level of output per capita

6.

Why do banks maintain a certain level of bank capital?

Group of answer choices

These funds are reserved as salary bonuses for top management.

These are funds to be invested in emerging market economies.

These precautionary funds are held against the illiquidity risks of loans and bonds.

These funds are required to satisfy shareholders in annual statements.

These funds are set aside for taxation purposes.

Please paraphrase this writing and fix them as possible as you can. thanks!

The type of monetary policy is China pursuing expansionary policy. The expansionary monetary policy is when a central bank uses its tools to stimulate the economy. That increases the money supply, lowers interest rates rate and increases investment which, in turn, increases aggregate demand and real GDP. When the interest rate decreases, the investment spending increase, these two factors will shift the aggregate demand curve rightward ( the real output rises and also the employment level rises). While pursing contractionary policy increase the cost of borrowing which in turn decreases GDP and dampens inflation. That will answer why China choose to purse expansionary policy over the contractionary. Because no one wants to “play with fire” and China also does. Decreasing the GDP and reducing inflation is not a good way at all at this time, especially for China. In this article, it is shown that central bank has tried to create an equivalent anchor in China’s financial system: the seven-day “repo” rate with a lower bound for lending to banks flush with cash and an upper bound for those in need. This will surely have a great impact on the GDP as well as the price level in China. GDP and the price level will get higher for each year. Based on the data in 2016, the GDP growth was another significant contrast, the GDP growth of China is 9.6% compared to just 2.6% for the 3rd quarter of 2010.

1. Go to Yahoo Finance website.

2. Review the overview/main pages for the four public companies whose names your professor will provide to you.

3. Research the four firms using either Key Statistics or Financials from the overview/main pages for the stocks on Yahoo! Finance Web site. Compute and compare the following financial ratios for the four firms for their most recent fiscal years:< > Note: In Key Statistics under the heading "Valuation Measures" there are numbers for both Trailing P/E ratios and Forward P/E ratios. Most commonly, in calculating both ratios the corporation's current stock price is divided by its earnings per share (EPS). The difference is that Trailing P/E ratios use reported EPS for the past year, specifically the past/trailing 12 months (ttm), and Forward P/E ratios use estimated EPS for the upcoming 4 quarters. Also, in interpreting some of the other statistics provided, please note that "yoy" is an acronym for "year-on-year" and "mrq" is an acronym for "most recent quarter."

Walmart

Current Ratio (X) Sales/Total Assets (percent) or Total asset turnover Times interest earned (X) Total Debt/Equity (percent) Net Income / Net Sales (percent) or Return on Sales (ROS) Net Income / Total Assets (percent) or Return on Assets (ROA) Net Income / Common Equity (percent) or Return on Equity (ROE) P/E or P/E Ratio (X)

2a). The customer service department of H&R Block received a total of 235 telephone requests for a tip-sheet on personal tax or corporate tax. The following table summarizes callers' primary area of interest, and how they first heard about the tip-sheet.

What is the probability a caller is interested in personal tax given that he first heard of the tip-sheet in the newspaper?

1. a

In this type of voting system political parties get a number of seats approximately proportional to the percentage of the vote they received.

Question 16 options:

b.

In this type of voting system the winning candidate is the person who gets the most votes.

Question 15 options:

c.

In this type of voting system each voter casts a vote for a local candidate and a vote for a political party.

Question 14 options: