Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processing departments-Base Fab and Finishing. White paint, which is used as a base for all the company's paints, is mixed from raw ingredients in the Base Fab Department. Pigments are then added to the basic white paint, the pigmented paint is squirted under pressure into one-gallon containers, and the containers are labeled and packed for shipping in the Finishing Department. Information relating to the company's operations for April follows:
a. Issued raw materials for use in production: Base Fab Department, $851,000; and Finishing Department,$629,000.
b. Incurred direct labor costs: Base Fab Department, $330,000; and Finishing Department,$ 270,000.
c. Applied manufacturing overhead cost: Base Fab Department, $665,000; and Finishing Department, $405,000.
d. Transferred basic white paint from the Base Fab Department to the Finishing Department, $1,850,000.
e. Transferred paint that had been prepared for shipping from the Finishing Department to Finished Goods, $3,200,000.
Prepare a cost reconciliation report for April.
Answers
The cost of ending work in process inventories and of units transferred out of the Base Fab Department in April is $851,00 and $999,000and $1850,000
The calculation of this question and working of solutions is in tabular form which is attached to this answer.
What is Cost?
The cost is of two types - Variable and Fixed . Variable costs exchange based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. constant costs continue to be the same no matter production output. fixed charges may additionally include hire and rental bills, coverage, and interest payments.
Learn more about cost brainly.com/question/13165105
#SPJ4
Related Questions
Why does a company issue a stock dividend Show management's confidence that company is doing well To reduce the amount of stocks available to feel good about themselves
Answers
A company issues a stock dividend to show management's confidence that the company is doing well and not to reduce the amount of stocks available. Stock dividend refers to a type of corporate distribution that is in the form of shares of stocks instead of cash.
What is a stock dividend? A stock dividend is paid to shareholders as additional shares of stocks in proportion to the number of shares that a shareholder already owns. The percentage increase in the number of outstanding shares that the shareholder owns is proportional to the number of shares owned by the investor. The purpose of a stock dividend is to share a portion of the company's profits with the investors in the form of additional stocks. A stock dividend does not affect the value of the investor's position in the company. The value of the investor's position will decrease in the same proportion as the number of additional shares received.
How does issuing a stock dividend show management's confidence in the company? Issuing a stock dividend shows management's confidence in the company because it indicates that the company has a healthy balance sheet. A company that issues stock dividends is usually one that has excess cash reserves, and that can afford to distribute some of its profits to the shareholders as additional shares of stocks. In summary, a company issues a stock dividend to show management's confidence that the company is doing well and to share a portion of the company's profits with investors in the form of additional stocks.
To know more about corporate visit :-
https://brainly.com/question/32217998
#SPJ11
Which of the following describes the path–goal theory? ANSWER Unselected Identifies leadership style by measuring whether a person is task oriented or relationship oriented Unselected States that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness Unselected Proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control Unselected Suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
Answers
Answer:
I. The least preferred co-worker (LPC) questionnaire.
II. The situational leadership theory (SLT).
III. Fiedler contingency model.
IV. Path-goal theory.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.
Some types of power expressed by leaders are referent power, coercive, etc.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.
I. The least preferred co-worker (LPC) questionnaire: identifies leadership style by measuring whether a person is task oriented or relationship oriented.
II. The situational leadership theory (SLT): states that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness.
III. Fiedler contingency model: proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control.
IV. Path-goal theory: suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
How do budget deficits add to the national debt?
Answers
Answer:
They are spending more than what they have in the Federal budget causing the national debt to increase.
Explanation:
A government budget is considered to have a 'deficit' if the amount of money required to pay for all government programs is more than the amount of money that they have in their disposal.
When this situation happen, the government typically have two options. First is to increase the tax rate that the citizens have to pay in order to increase their budget. The second is they can borrow the required difference from another country. This what cause the increase in the national debt.
Suddenly crossing your arms after an interviewer asks a question may
look like you are uninterested
raise a red flag
come off as disrespectful
show you are comfortable
Answers
The body posture of crossing your arms after an interviewer asks a question may raise a red flag.
What are the likely intrepretation of Crossing arms?In an interview, the crossing of arms can mean many things. But usually, the candidates who cross their arms in front of their chest during an interview probably feel insecure and defensive. Most people dislike seeing others crossing their arms because it’s distancing but as a natural reaction, when meeting a stranger, it can be considerd as good sign when candidates unfold their arms later during their interview.
To others, the gesture of crossing of arms or legs can make you seem less accessible and communicative in an interview because it creates a physical barrier between you and the interviewer.
Read more about crossing of arms
brainly.com/question/17432574
#SPJ1
Answer: raise a red flag
Explanation:
When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
Answers
Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
https://brainly.com/question/1249089
#SPJ4
Part a: you are the auditor of the entity GoodMood. An inventory count was done on December 31. Required: Decide if the following goods should be considered in year-end inventory (no need to provide journal entries) and support your decision.
a) The physical inventory count includes goods of $43,000 held on consignment for another entity.
b) Goods of $56,000 left the warehouse on December 29 and were hence ignored in the count. The shipping document mentions "f.o.b. destination". The customer received them on January 2.
c) Goods of $300,000 purchased from a supplier were on their way on December 31. The shipping document mentions "f.o.b. destination". The entity received them on January 5.
Part b: on November 1, the entity signed a long-term non-cancellable purchase commitment for goods at the cost of $2,000,000 to be delivered on January 31. Had the entity purchased these same goods on December 31, it would now cost $1,850,000 since the market price decreased since the signature.
Answers
1.a. The value of $43,000 should be excluded from the year-end inventory count.
1.b. the value of $56,000 should be included in the year-end inventory count.
1.c. the value of $300,000 should be included in the year-end inventory count.
2. The year-end inventory count shouldn't reflect the cost of $2,000,000.
Part a:
a) The goods held on consignment for another entity should not be included in the year-end inventory.
b) The shipping terms "f.o.b. destination" indicate that the ownership of the goods transfers to the customer upon delivery.
c) The goods purchased from the supplier that were on their way on December 31 should be included in the year-end inventory.
Although the entity received them on January 5, since the shipping terms indicate the destination, the ownership and risks associated with the goods transferred to the entity on December 31.
Part b:
The long-term non-cancellable purchase commitment signed on November 1 for goods to be delivered on January 31 should not be included in the year-end inventory.
The purchase commitment represents a future transaction and does not meet the criteria for inclusion in the current year-end inventory. Therefore, the cost of $2,000,000 should not be included in the year-end inventory count.
To learn more about inventory, visit:
https://brainly.com/question/31146932
#SPJ11
Occupational codes are:
A.Career clusters
B.Personality types
C. Personality traits
D. Types of jobs
Answers
Answer:
d
Explanation:
is a types of jobs for employee
Answer:
D, Types of jobs
Explanation:
hope it help and have a nice day
Where would you plot full employment on a production possibilities frontier if all other resources are being used efficiently?
a. a point on the PPF
b. a point beyond the PPF
c. a point below the PPF
d. It will depend on how much full employment exists; the point could be on or inside the PPF.
Answers
Depending on the level of full employment, the point can be on or inside the PPF.
What is production possibilities frontier?The Production Possibilities Frontier (PPF) is a graph that shows all the output combinations of two distinct items that are conceivable to produce given the state of science and technology at the time.The ideas of choice, tradeoffs, and scarcity are all covered by the PPF. The production possibilities curve calculates the cost-benefit ratio of manufacturing one good vs another. Let's take the example of a country that produces 120,000 apples and 20,000 oranges. That is point B on the graph. Less apples must be produced if it wishes to grow more oranges. Given the available resources and technology, the production possibilities curve (PPC) is a graph that displays all the possible output combinations. The Production Possibilities Frontier (PPF), sometimes known as the PPC, is a prime example of tradeoffs and shortages.To learn more about production possibilities frontier, refer to:
https://brainly.com/question/25071524
#SPJ4
Level Grade Engineering, Inc., sometimes uses explosives to prepare land for construction projects. Strict liability is imposed on this activity because
a. Level Grade is a corporation.
b. the activity is inherently negligent.
c. the activity is of a dangerous nature.
d. the amount of liability can be added to the costs of construction.
Answers
The correct option for the question "Level Grade Engineering, Inc., sometimes uses explosives to prepare land for construction projects. The correct option is C.
Strict liability is imposed on this activity because" is C) the activity is of a dangerous nature. Level Grade Engineering, Inc., sometimes uses explosives to prepare land for construction projects. Strict liability is imposed on this activity because the activity is of a dangerous nature.
Strict liability refers to the responsibility or accountability imposed upon a person or entity irrespective of their negligence or intention when such liability arises out of their actions or omissions.
There are specific conditions that must be met before strict liability can be imposed on any activity. One of such conditions is that the activity must be of a dangerous nature. This condition is fulfilled in this scenario as the company uses explosives to prepare land for construction projects, which is, by all means, a dangerous activity. Therefore, the imposition of strict liability on this activity is justified.
To know more about Strict liability visit:
https://brainly.com/question/30638370
#SPJ11
The elasticity of demand for a good is –0.75. A 4% increase in price will cause a:______.
A) 3% iecrease in quantity demanded.B) 5.33% decrease in quantity demanded.C) 5.33% increase in quantity demanded.D) 0.19% decrease in quantity demanded.
Answers
Answer:
A) 3% decrease in quantity demanded.
Explanation:
As we know that
The price elasticity of demand is
= Percentage Change in quantity demanded ÷ Percentage change in price
Since the elasticity of demand is -0.75
And, there is a price of 4%
Since, the price elasticity of demand is in negative that means the quantity demanded is decreased by 3% that comes from
= 4% × - 0.75
= -3%
Hence, the first option is correct
8 A Treasury issue is quoted at 103.76205 bld and 103.815 ask. Assume a face value of $1,000. What is the least you could pay to acquire a bond? (Do not round Intermediate calculations. Round your ans
Answers
The least amount you could pay to acquire the bond is $1,037.62.
The bid and ask prices for the Treasury issue are 103.76205 and 103.815, respectively. These prices are quoted as a percentage of the bond's face value, which is $1,000.
The bid price represents the highest price a buyer is willing to pay for the bond, while the ask price represents the lowest price a seller is willing to accept for the bond.
In this case, the bid price of 103.76205 means that a buyer is willing to pay $1,037.62 for a bond with a face value of $1,000. Since we want to find the least amount we could pay to acquire the bond, we use the bid price. Therefore, the least amount we could pay to acquire the bond is $1,037.62.
To know more about acquire the bond, refer here:
https://brainly.com/question/14480116#
#SPJ11
Coffee is weighted more than tea in the calculation of the CPI if?
A. coffee is more accessible to the typical consumer.
B. it costs more to produce coffee than it costs to produce tea.
C. consumers buy more coffee than tea. D. the price of coffee is greater than the price of tea.
Answers
Coffee is weighted more than tea in the calculation of the CPI if consumers buy more coffee than tea. Weights in the CPI are determined by the importance of the good to the consumer. Thus, the correct answer is option C.
What is CPI?A consumer price index is a price index that measures the cost of a weighted average market basket of consumer goods and services bought by households. Changes in the measured CPI reflect price changes over time.
A CPI is a statistical estimate based on the prices of a representative sample of items whose prices are collected on a regular basis. If consumers buy more coffee than tea, coffee is weighted higher in the CPI calculation. The importance of the good to the consumer determines the weights in the CPI.
Therefore, option C is correct.
To learn more about CPI, click here:
https://brainly.com/question/14846198
#SPJ1
Why should you avoid leaving your idle
cash sitting in a bank?
A. You will not be able to access it quickly.
B. Your money will not be growing as rapidly as if you used
another option.
C. You will be required to pay a high interest rate.
Answers
Explanation:
Leaving idle cash sitting in a bank will result in an inactivity fee, which technically is considered interest.
What is the equal-payment series for 12 years that is equivalent to a payment series starting with $45,000 at the end of the first year and decreasing by $5,000 each over 10 years? interest is 7% compounded annually
Answers
The present value is $31,684.79.To find the equal-payment series for 12 years that is equivalent to the given payment series,
We can use the concept of the present value of an annuity. The present value of an annuity is the sum of the present values of all the individual payments in the series, discounted to the present at a given interest rate.
To solve this problem, we can use the concept of present value of an annuity. The present value of an annuity is the sum of the present values of each individual payment in the series.
First, let's calculate the present value of the payment series starting with $45,000 at the end of the first year and decreasing by $5,000 each over 10 years, using the formula for the present value of an annuity:
PV = PMT x [(1 - (1 + r)^-n) / r]
where:
PMT = the payment amount each year
r = the interest rate per year
n = the number of years
In this case, PMT = $45,000 in the first year, decreasing by $5,000 each year over 10 years, so we can use the formula to calculate the present value of this series:
PV = $45,000 x [(1 - (1 + 0.07)^-10) / 0.07] + $40,000 x [(1 - (1 + 0.07)^-9) / 0.07] + ... + $5,000 x [(1 - (1 + 0.07)^-2) / 0.07]
Simplifying this expression, we get:
PV = $45,000 x 6.7849 + $40,000 x 6.0812 + ... + $5,000 x 1.0671
PV = $264,283.50
This is the present value of the payment series starting with $45,000 at the end of the first year and decreasing by $5,000 each over 10 years.
Now, we can use the formula for the equal-payment series to find the annual payment amount that is equivalent to this series over 12 years:
PMT = PV x [(r x (1 + r)^n) / ((1 + r)^n - 1)]
where:
PV = the present value of the payment series
r = the interest rate per year
n = the number of years
In this case, PV = $264,283.50, r = 0.07 (7% per year), and n = 12. Plugging these values into the formula, we get:
PMT = $264,283.50 x [(0.07 x (1 + 0.07)^12) / ((1 + 0.07)^12 - 1)]
PMT = $31,684.79
Therefore, the equal-payment series for 12 years that is equivalent to the payment series starting with $45,000 at the end of the first year and decreasing by $5,000 each over 10 years is $31,684.79 per year for 12 years.
To know more about present value here
https://brainly.com/question/17322936
#SPJ4
URGENT NEED HELP
Which of the following items appear on your credit report?
a. Your current income
b. A student loan you're still paying off
c. Your bank balance
d. Your GPA
Answers
D. Your GPA
A new production system for a factory is to be purchased and installed for $111,029. This system will save approximately 300,000 kWh of electric power each year for a 6-year period. Assume the cost of electricity is $0.10 per kWh, and factory MARR is 15% per year, and the salvage value of the system will be $8,625 at year 6. Using the PW method to analyzes if this investment is economically justified A- calculate the PW of the above investment and insert the result below. 10 p
Answers
The PW (Present Worth) of the investment is calculated by determining the present value of the savings generated by the new production system over its useful life, considering the cost of electricity and the factory's minimum attractive rate of return (MARR). Therefore, the Present Worth (PW) of the investment is approximately $19,926.08.
To calculate the PW, we first need to determine the annual savings generated by the new production system. The system saves approximately 300,000 kWh of electric power each year. With an electricity cost of $0.10 per kWh, the annual savings can be calculated as follows:
Annual Savings = 300,000 kWh/year * $0.10/kWh = $30,000/year
Next, we calculate the present value of the annual savings using the MARR of 15% per year. The formula to calculate the present value is:
PW = (Annual Savings / (1 + MARR)^n) + Salvage Value / (1 + MARR)^n
where n is the number of years (6 in this case).
Substituting the values into the formula:
PW = ($30,000 / (1 + 0.15)^6) + $8,625 / (1 + 0.15)^6
Calculating the values within the parentheses:
PW = ($30,000 / 1.938052) + $8,625 / 1.938052
Simplifying the equation:
PW = $15,470.37 + $4,455.71
PW = $19,926.08
Therefore, the Present Worth (PW) of the investment is approximately $19,926.08.
The PW method analyzes the investment by comparing the present value of the benefits (savings) with the present value of the costs. In this case, the PW of the investment is positive ($19,926.08), indicating that the investment is economically justified. The savings generated by the new production system outweigh the initial cost and provide a positive net benefit over the 6-year period, considering the MARR and salvage value.
Learn more about production here: brainly.com/question/29675824
#SPJ11
Is the following scenario a partnership? Performing in a twenty-piece band with a rotating showcase of trumpeteers.
OYes
ONo
Answers
Answer:
no
Explanation:
there isn’t a sense of ownership between two people
Martha needs to acquire funds in order to expand her bakery. She does not want to give up control of her business, but her credit score is weak due to the recent foreclosure on her home. What should martha do to acquire these funds?.
Answers
The correct answer is Option C. In order to acquire funds to expand her bakery Martha can issue bonds to willing investors.
In the question, it is stated that Martha has a bakery and she needs to acquire funds in order to expand her bakery. She can not take loans because of her credit score which is weak due to the recent foreclosure of her home. In order to acquire funds, she can sell bonds to the people who are willing to invest in her bakery.
Bonds are financial entities which is a type of security that the investor holds in a business. This is a type of debt that the issuer owes to the investor in their business.
Hence, Option C is the correct answer
To know more about Bonds, Click here:
https://brainly.com/question/29344176
#SPJ4
Complete Question:
Martha needs to acquire funds in order to expand her bakery. She does not want to give up control of her business, but her credit score is weak due to the recent foreclosure of her house. What should Martha do to acquire these funds?
a) Issue stock to willing investors.
b) Borrow money from her local bank.
c) Issue bonds to willing investors.
d) She should do all of the above.
what fbs school shared a stadium with an expansion mls franchise in 2019 and 2020 while the mls team's new stadium was being built?
Answers
The Florida Atlantic University (FAU) Owls shared a stadium with the Inter Miami CF, an expansion Major League Soccer (MLS) franchise, in 2019 and 2020 while the MLS team's new stadium was being built.
In 2019 and 2020, the Inter Miami CF, a new MLS franchise, was in the process of constructing their own stadium. During this time, they shared a stadium with the Florida Atlantic University (FAU) Owls. This arrangement allowed the Inter Miami CF to have a temporary home while their new stadium was being built.
The shared stadium provided a venue for both the FAU Owls' college football games and the Inter Miami CF's MLS matches. This collaboration between the college football team and the MLS franchise allowed both teams to utilize the stadium until the construction of the new stadium was completed.
To know more about franchise visit:
brainly.com/question/3032789
#SPJ11
Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments
Answers
hope I could help goodluck
what is a disadvantage of using group bonuses? group of answer choices physical outputs are not rewarded. it reduces the level of cooperation between the members of the group. the performance measures used are narrow. it could result in competition among groups. it cannot be used to promote specific goals.
Answers
Physical outputs are not rewarded is a disadvantage of using group bonuses. A bonus is a financial payment that exceeds the recipient's typical payment expectations.
A corporation may give bonuses as an incentive or to recognise excellent performance. Signing, referral, and retention incentives are examples of incentive bonuses that a business could offer to employees. A bonus is a form of payment made to a qualified employee in addition to their regular hourly income, contract sum, or annual salary. Although many businesses offer cash bonuses, a bonus can take any form as long as it benefits both the company and the employees.
To learn more about bonus, click here.
https://brainly.com/question/13494328
#SPJ4
Your unique combination of attitudes, behaviors, and characteristics make up your _____. a. learning style b. self-concept c. personality d. self-esteem Please select the best answer from the choices provided A B C D
Answers
Answer:
C. Personality
Explanation:
Answer on Edge2020
Answer:
C
Explanation:
Edge 2022
Understanding the economic environment will allow you to make better ____ decisions
Answers
Understanding the economic environment will allow you to make better business decisions.
The economic environment refers to the overall condition of the economy, including factors such as inflation, unemployment rates, interest rates, and GDP growth. When you have a clear understanding of the economic environment, you can make more informed decisions about your business.
For example, let's say you own a retail store. By monitoring the economic indicators, you can anticipate changes in consumer spending patterns. If the economy is doing well, with low unemployment and high consumer confidence, you might decide to expand your product offering or open new locations. On the other hand, if the economy is in a downturn, you may need to adjust your pricing strategy or reduce costs to stay competitive.
Therefore, understanding the economic environment is crucial for making better business decisions. It allows you to adapt to changes in the market, anticipate consumer behavior, and adjust your business strategy accordingly.
By staying informed about the economic factors that affect your industry, you can position your business for success and minimize potential risks.
To know more about GDP visit:
https://brainly.com/question/1383956
#SPJ11
Which of the following BEST represents democratic values?
a) the power to rule
b) equality among people
c) freedom to travel
d) the right to free books
can some one plss help me???
Answers
Answer:
B
Equality among all the people
What are the job roles on offer in the picture?
Will be grateful for any replies, thanks!
Answers
Answer:developer and a program assistant
Explanation:
Do prices INCREASE during a PEAK in the Business Cycle?
Answers
the second stage of the business cycle of the maximum limit of growth is attained is a economic indicators do not grow further and are at their highest. Prices are at their peak
What type of advertising is the slogan "Friends Don't Let Friends Drive Drunk"?
А.
product advertising
B.
corporate advertising
C.
retail advertising
D.
ublic service advertising
Answers
Suppose that demand is unitary elastic at all points. When price is increased from a point on this demand curve, then total revenue will_____________.
Answers
Answer: not change
Explanation:
When a good's demand is said to be unitary elastic, it means that an increase in price causes a proportional decrease in quantity demanded which means that neither effect would have dominance over the other.
When this happens, total revenue will not change because the increase (decrease) in price will be cancelled out by the decrease (increase) in quantity demanded.
Recognition of tax benefits in the loss year due to a loss carryforward requires.
Answers
Recognition of tax benefits in the loss year due to a loss carryforward requires the application of the guidance in Accounting Standards Codification (ASC) 740-10-30-18.
According to this guidance, a company must establish a valuation allowance if it is "more likely than not" that all or a portion of the deferred tax asset will not be realized. Thus, the recognition of tax benefits in the loss year due to a loss carryforward requires establishing a valuation allowance.The "more likely than not" threshold is defined as a likelihood of greater than 50% that the benefit will not be realized. The likelihood is determined based on all available positive and negative evidence at the end of each reporting period.
Factors such as historical profits and losses, projected future profits or losses, and tax planning strategies should all be considered in assessing whether a valuation allowance is required.If the company determines that a valuation allowance is not required, the deferred tax asset should be recognized in the current period as a reduction of income tax expense. However, if a valuation allowance is needed, the deferred tax asset should be reduced by the amount of the valuation allowance, with the reduction recognized as an expense in the income statement.In conclusion, the recognition of tax benefits in the loss year due to a loss carryforward requires the application of the guidance in ASC 740-10-30-18 and the establishment of a valuation allowance if necessary.
To know more about tax benefits visit:
https://brainly.com/question/29734073
#SPJ11
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it